Janney Capital Management LLC

Portfolio Overview

Janney Capital Management LLC disclosed 253 positions worth $1.6B in its Form 13F-HR for Q4 2025. During the quarter the fund opened 21 new positions and exited 12 and a full exit from $PAYX. The portfolio is most concentrated in Other (26.9% of disclosed assets). All figures are sourced directly from Janney Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1569855.

• ISHS CORE MSCI EAFE ETF

  —

  Quality

  $75.0M838,033 sh

• ST STR TECH SEL SPDR ETF

  —

  Quality

  $39.4M273,794 sh

• ST STR COMMN SVC SEL ETF

  —

  Quality

  $36.0M306,029 sh
• 

  MICROSOFT CORP

  $MSFT

  79.7

  Quality

  $34.1M70,559 sh
• 

  CITIGROUP INC

  $C

  64.7

  Quality

  $33.0M282,383 sh
• 

  JPMORGAN CHASE & CO

  $JPM

  70.3

  Quality

  $32.3M100,097 sh
• 

  Broadcom Inc.

  $AVGO

  84.4

  Quality

  $31.8M91,958 sh
• 

  TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

  $TSM

  —

  Quality

  $30.7M101,011 sh
• 

  SPDR GOLD TRUST

  $GLD

  —

  Quality

  $29.9M75,402 sh

• ST STR DOUBLE T/RET ETF

  —

  Quality

  $27.1M674,136 sh

Company	Quality	Value	Shares
ISHS CORE MSCI EAFE ETF	—	$75.0M	838,033
ST STR TECH SEL SPDR ETF	—	$39.4M	273,794
ST STR COMMN SVC SEL ETF	—	$36.0M	306,029
MICROSOFT CORP$MSFT	79.7	$34.1M	70,559
CITIGROUP INC$C	64.7	$33.0M	282,383
JPMORGAN CHASE & CO$JPM	70.3	$32.3M	100,097
Broadcom Inc.$AVGO	84.4	$31.8M	91,958
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM	—	$30.7M	101,011
SPDR GOLD TRUST$GLD	—	$29.9M	75,402
ST STR DOUBLE T/RET ETF	—	$27.1M	674,136

Showing top 10 of 253 holdings.

Top Holdings — Janney Capital Management LLC (Q4 2025)

Top 150 of 253 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHS CORE MSCI EAFE ETF	$75.0M	4.7%	-2%	—
2	—	ST STR TECH SEL SPDR ETF	$39.4M	2.5%	+96%	—
3	—	ST STR COMMN SVC SEL ETF	$36.0M	2.3%	-2%	—
4	$MSFT	MICROSOFT CORP	$34.1M	2.1%	-7%	79.7
5	$C	CITIGROUP INC	$33.0M	2.1%	-7%	64.7
6	$JPM	JPMORGAN CHASE & CO	$32.3M	2.0%	-2%	70.3
7	$AVGO	Broadcom Inc.	$31.8M	2.0%	-15%	84.4
8	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$30.7M	1.9%	-16%	—
9	$GLD	SPDR GOLD TRUST	$29.9M	1.9%	-2%	—
10	—	ST STR DOUBLE T/RET ETF	$27.1M	1.7%	-5%	—
11	—	ISHS RUSS 2000 ETF	$24.2M	1.5%	-2%	—
12	—	ISHS U S AERO DEFNS ETF	$22.4M	1.4%	-2%	—
13	$JNJ	JOHNSON & JOHNSON	$22.1M	1.4%	-2%	68.8
14	$MCD	MCDONALDS CORP	$21.8M	1.4%	-2%	68.6
15	$CSCO	CISCO SYSTEMS, INC.	$21.7M	1.4%	-2%	70.1
16	$CAT	CATERPILLAR INC	$21.5M	1.4%	-2%	66.3
17	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$20.2M	1.3%	-2%	69.7
18	$AAPL	Apple Inc.	$20.2M	1.3%	-2%	76.3
19	—	ST STR SP BANK ETF	$19.4M	1.2%	-2%	—
20	$MS	MORGAN STANLEY	$19.2M	1.2%	-2%	75.7
21	$GOOG	Alphabet Inc.	$19.1M	1.2%	-22%	78.1
22	$ABBV	AbbVie Inc.	$18.6M	1.2%	-19%	72.5
23	—	ST STR UTIL SEL SPDR ETF	$18.2M	1.1%	+95%	—
24	$HSBC	HSBC HOLDINGS PLC	$17.3M	1.1%	-2%	—
25	$GS	GOLDMAN SACHS GROUP INC	$16.9M	1.1%	-1%	73.3
26	—	ISHS MSCI ACWI ETF	$16.6M	1.0%	NEW	—
27	$MDT	Medtronic plc	$16.6M	1.0%	-2%	68.7
28	$WMT	Walmart Inc.	$16.2M	1.0%	-1%	59.9
29	—	ST STR CONS DIS SEL ETF	$15.9M	1.0%	+96%	—
30	$LYG	Lloyds Banking Group plc	$15.9M	1.0%	-2%	—
31	$GLW	CORNING INC /NY	$15.5M	1.0%	-25%	73.5
32	$STT	STATE STREET CORP	$15.5M	1.0%	-3%	71.2
33	$CVX	CHEVRON CORP	$15.1M	0.9%	-10%	62.6
34	—	ST STR ENGY SEL SCTR ETF	$14.1M	0.9%	+95%	—
35	$V	VISA INC.	$14.0M	0.9%	-1%	82.7
36	$ASML	ASML HOLDING NV	$13.3M	0.8%	-18%	—
37	$SBUX	STARBUCKS CORP	$13.2M	0.8%	-5%	57.9
38	$NVDA	NVIDIA CORP	$13.2M	0.8%	-12%	85.9
39	—	JPM CORE PLUS BOND ETF	$13.2M	0.8%	-0%	—
40	$SPG	SIMON PROPERTY GROUP INC.	$13.1M	0.8%	-2%	76.7
41	$BAC	BANK OF AMERICA CORP /DE/	$13.0M	0.8%	-1%	67.3
42	$AMZN	AMAZON COM INC	$13.0M	0.8%	-1%	68.4
43	—	ST STR CONS STAPLES ETF	$13.0M	0.8%	-3%	—
44	$HD	HOME DEPOT, INC.	$12.7M	0.8%	-3%	60.1
45	$EXE	EXPAND ENERGY Corp	$12.7M	0.8%	-2%	80.6
46	$ACN	Accenture plc	$12.5M	0.8%	+23%	—
47	$SHOP	SHOPIFY INC.	$12.2M	0.8%	-1%	64.9
48	$PM	Philip Morris International Inc.	$12.2M	0.8%	-2%	75.7
49	—	VANECK FALL ANGL H/Y ETF	$12.0M	0.8%	-3%	—
50	$TXN	TEXAS INSTRUMENTS INC	$12.0M	0.8%	-14%	73.2
51	$EMR	EMERSON ELECTRIC CO	$11.9M	0.7%	-2%	65.1
52	$LLY	ELI LILLY & Co	$11.7M	0.7%	-1%	87.5
53	$PG	PROCTER & GAMBLE Co	$11.6M	0.7%	-4%	64.4
54	$BBY	BEST BUY CO INC	$11.5M	0.7%	-10%	59.8
55	$NEE	NEXTERA ENERGY INC	$11.3M	0.7%	-3%	64.4
56	$SPGI	S&P Global Inc.	$11.2M	0.7%	+24%	75.8
57	$VZ	VERIZON COMMUNICATIONS INC	$11.1M	0.7%	-5%	65.5
58	—	VNGRD FTSE EMG MKTS ETF	$10.9M	0.7%	-0%	—
59	$APD	Air Products & Chemicals, Inc.	$10.9M	0.7%	-8%	46.2
60	$ULTA	Ulta Beauty, Inc.	$10.6M	0.7%	-1%	67
61	$IVZ	Invesco Ltd.	$10.5M	0.7%	-4%	—
62	$DUK	Duke Energy CORP	$10.5M	0.7%	-2%	56
63	$VRT	Vertiv Holdings Co	$10.4M	0.7%	-26%	80.9
64	$SNOW	Snowflake Inc.	$10.3M	0.7%	-1%	54.7
65	$SNPS	SYNOPSYS INC	$10.2M	0.6%	-27%	67.7
66	$AMT	AMERICAN TOWER CORP /MA/	$10.2M	0.6%	-12%	66.3
67	$HON	HONEYWELL INTERNATIONAL INC	$10.1M	0.6%	-2%	66.5
68	$DD	DuPont de Nemours, Inc.	$10.0M	0.6%	+78%	49.4
69	$BRK.B	BERKSHIRE HATHAWAY INC	$9.9M	0.6%	-13%	73.6
70	$DHR	DANAHER CORP /DE/	$9.9M	0.6%	+35%	64.6
71	$TMO	THERMO FISHER SCIENTIFIC INC.	$9.7M	0.6%	-1%	64.9
72	—	ISHS 710Y TRSY ETF	$8.9M	0.6%	-3%	—
73	$PH	Parker-Hannifin Corp	$8.8M	0.6%	-22%	65.6
74	$MELI	MERCADOLIBRE INC	$8.8M	0.6%	-1%	80.1
75	$PANW	Palo Alto Networks Inc	$8.8M	0.6%	-1%	65.4
76	$LIN	LINDE PLC	$8.5M	0.5%	-1%	—
77	$UL	UNILEVER PLC	$8.4M	0.5%	NEW	—
78	$SHEL	Shell plc	$8.3M	0.5%	-2%	—
79	$PWR	QUANTA SERVICES, INC.	$8.2M	0.5%	-1%	71.9
80	$SWK	STANLEY BLACK & DECKER, INC.	$8.0M	0.5%	NEW	58.5
81	$NOW	ServiceNow, Inc.	$7.9M	0.5%	+392%	72.8
82	$FMX	MEXICAN ECONOMIC DEVELOPMENT INC	$7.8M	0.5%	-1%	—
83	$NKE	NIKE, Inc.	$7.8M	0.5%	+375%	49
84	$HDB	HDFC BANK LTD	$7.7M	0.5%	+17%	—
85	$TDG	TransDigm Group INC	$7.3M	0.5%	NEW	67.8
86	$Q	Qnity Electronics, Inc.	$7.1M	0.4%	NEW	68.3
87	$VRTX	VERTEX PHARMACEUTICALS INC / MA	$7.0M	0.4%	-1%	75.2
88	$PDD	PDD Holdings Inc.	$7.0M	0.4%	-7%	—
89	$CPNG	Coupang, Inc.	$6.8M	0.4%	-12%	50.3
90	$ZTS	Zoetis Inc.	$6.6M	0.4%	-7%	68.4
91	$AON	Aon plc	$6.2M	0.4%	NEW	—
92	$SAP	SAP SE	$5.5M	0.3%	+2865%	—
93	$XOM.R34088	EXXON MOBIL CORP	$5.3M	0.3%	-1%	57.7
94	—	ISHS CORE HIGH DIV ETF	$5.2M	0.3%	-1%	—
95	—	VNGRD CORE PLUS BD ETF	$5.2M	0.3%	-2%	—
96	$COP	CONOCOPHILLIPS	$4.9M	0.3%	-1%	70
97	$ADBE	ADOBE INC.	$4.9M	0.3%	-34%	77.8
98	$HUBS	HUBSPOT INC	$4.7M	0.3%	-24%	70.2
99	$BLK	BlackRock, Inc.	$4.4M	0.3%	-0%	69.8
100	$PINS	PINTEREST, INC.	$4.2M	0.3%	-41%	63.1
101	—	VNGRD INTL H/DIV YLD ETF	$4.1M	0.3%	-1%	—
102	$ETN	Eaton Corp plc	$3.7M	0.2%	-1%	—
103	$GOOGL	Alphabet Inc.	$3.4M	0.2%	-1%	78.1
104	$ALL	ALLSTATE CORP	$3.3M	0.2%	-1%	78.2
105	—	ST STR SPDR SP DIV ETF	$3.2M	0.2%	NEW	—
106	$PNC	PNC FINANCIAL SERVICES GROUP, INC.	$3.2M	0.2%	-7%	73.4
107	$CME	CME GROUP INC.	$3.1M	0.2%	-1%	69.2
108	$MET	METLIFE INC	$3.1M	0.2%	-1%	55.8
109	—	FT BUYWRITE INCOME ETF	$3.0M	0.2%	-1%	—
110	$KMI	KINDER MORGAN, INC.	$3.0M	0.2%	-2%	71.1
111	—	ST STR SPDR ICE S/T ETF	$2.9M	0.2%	+0%	—
112	$GE	GENERAL ELECTRIC CO	$2.9M	0.2%	+0%	73.6
113	—	ISHS RUSS 1000 VAL ETF	$2.9M	0.2%	+162%	—
114	—	ST STR FINL SEL SCTR ETF	$2.8M	0.2%	-0%	—
115	$KO	COCA COLA CO	$2.8M	0.2%	-14%	69.3
116	—	FT TACT HI YLD ETF	$2.8M	0.2%	-7%	—
117	—	JPM INCOME ETF	$2.6M	0.2%	+5%	—
118	$ADI	ANALOG DEVICES INC	$2.6M	0.2%	-1%	79.1
119	$PEP	PEPSICO INC	$2.6M	0.2%	-3%	63.2
120	$LNG	Cheniere Energy, Inc.	$2.6M	0.2%	-37%	66.3
121	$ABT	ABBOTT LABORATORIES	$2.5M	0.2%	-1%	65.2
122	$PLD	Prologis, Inc.	$2.5M	0.2%	-1%	68.3
123	—	VANECK SHRT MUN ETF	$2.5M	0.2%	+0%	—
124	$PPG	PPG INDUSTRIES INC	$2.4M	0.1%	-14%	58.8
125	$ADP	AUTOMATIC DATA PROCESSING INC	$2.3M	0.1%	-8%	69.6
126	—	VNGRD TTL BD MKT ETF	$2.2M	0.1%	-7%	—
127	—	ISHS PFD INCM SECS ETF	$2.2M	0.1%	+28%	—
128	—	ST STR INDL SEL SPDR ETF	$1.9M	0.1%	-2%	—
129	$UNH	UNITEDHEALTH GROUP INC	$1.9M	0.1%	-13%	62.5
130	—	SCHWAB US DIV EQ ETF	$1.8M	0.1%	-1%	—
131	$SYY	SYSCO CORP	$1.8M	0.1%	-8%	54.4
132	$BMY	BRISTOL MYERS SQUIBB CO	$1.8M	0.1%	-21%	70.1
133	$TGT	TARGET CORP	$1.8M	0.1%	-86%	60.3
134	—	ST STR H/C SEL SCTR ETF	$1.7M	0.1%	+0%	—
135	$WT	WisdomTree, Inc.	$1.6M	0.1%	-1%	59.6
136	$SPY	SPDR S&P 500 ETF TRUST	$1.6M	0.1%	+0%	—
137	$GEV	GE Vernova Inc.	$1.5M	0.1%	+0%	81.1
138	—	PIMCO INTRM MUN BD ETF	$1.5M	0.1%	+0%	—
139	—	NYLI MACKY MUN INTRM ETF	$1.4M	0.1%	+0%	—
140	$UPS	UNITED PARCEL SERVICE INC	$1.4M	0.1%	-25%	58.5
141	$MRK	Merck & Co., Inc.	$1.4M	0.1%	+0%	59.7
142	$PFE	PFIZER INC	$1.3M	0.1%	-20%	61.8
143	$LRCX	LAM RESEARCH CORP	$1.2M	0.1%	+1%	79.3
144	$SLB	SLB LIMITED/NV	$1.1M	0.1%	-7%	57.7
145	$CCZ	COMCAST CORP	$1.1M	0.1%	-28%	59.3
146	—	ST STR BLMBRG 13M ETF	$1.0M	0.1%	+41%	—
147	$ORCL	ORACLE CORP	$1.0M	0.1%	+0%	68.2
148	—	INV FLTG RATE MUN ETF	$1.0M	0.1%	+0%	—
149	$TJX	TJX COMPANIES INC /DE/	$814,000	0.1%	-10%	68.4
150	$WSBC	WESBANCO INC	$721,000	0.1%	+0%	74.9