SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Janney Montgomery Scott LLC

CIK 0001329948 · 1717 ARCH STREET, PHILADELPHIA, PA, 19103 · 215-665-6000

Reported Value
$43.6B
Q4 2025
Positions
2,909
Filings on Record
31
2019–present window
Filed
Feb 11, 2026
original filing

Summary

Janney Montgomery Scott LLC reported $43.6B in U.S.-listed holdings across 2,909 positions for Q4 2025.

Its largest position, AAPL, represents 2.9% of the portfolio.

Compared with Q3 2025, the fund opened 208 new positions and exited 151.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+17.1%
share of reported value
Largest Position
+2.9%
Apple
New / Exited
208 / 151
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $10.4BQ4 ’18Q1 ’19: $12.2BQ2 ’19: $13.0BQ3 ’19: $13.7BQ4 ’19: $15.2BQ4 ’19Q1 ’20: $12.6BQ2 ’20: $15.8BQ3 ’20: $17.5BQ4 ’20: $20.7BQ4 ’20Q1 ’21: $20.6BQ2 ’21: $22.7BQ3 ’21: $23.4BQ4 ’21: $25.8BQ4 ’21Q1 ’22: $23.4BQ2 ’22: $22.1BQ3 ’22: $23.3BQ4 ’22: $25.7BQ4 ’22Q1 ’23: $24.5BQ2 ’23: $28.7BQ3 ’23: $26.8BQ4 ’23: $30.8BQ4 ’23Q1 ’24: $33.6BQ2 ’24: $32.8BQ3 ’24: $35.8BQ4 ’24: $36.1BQ4 ’24Q1 ’25: $35.3BQ2 ’25: $38.3BQ3 ’25: $42.2BQ4 ’25: $43.6BQ4 ’25Q1 ’26: $40.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 48.6%ETP: 48.2%ADR: 1.3%REIT: 0.9%Closed-End Fund: 0.6%Other: 0.3%
  • Common Stock · 48.6% · $21.2B
  • ETP · 48.2% · $21.0B
  • ADR · 1.3% · $568M
  • REIT · 0.9% · $405M
  • Closed-End Fund · 0.6% · $271M
  • Other · 0.3% · $129M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ULUNILEVER PLC ADRNEW+567.3K567.3K+$37M$37M
BAPCREDICORP LTDNEW+41.2K41.2K+$12M$12M
TTETOTALENERGIES SENEW+178.5K178.5K+$12M$12M
RMBSRAMBUS INCNEW+122.6K122.6K+$11M$11M
OMABGRUPO AEROPORTUARIO DELNEW+101.5K101.5K+$11M$11M
FT INVT GRD TGT INCM ETFNEW+541.3K541.3K+$11M$11M
ROEASTORIA EQL WT QUAL ETFNEW+291.4K291.4K+$10M$10M
PM AKRE FOCUS ETFNEW+146.9K146.9K+$10M$10M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

500 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →Common Stock2.94%$1.3B4.71M
2MSFTMICROSOFT CORPhistory →Common Stock2.34%$1.0B2.11M
3IVVISHS CORE SP 500 ETFhistory →ETF/Closed End2.01%$875M1.28M
4NVDANVIDIA CORPhistory →Common Stock1.90%$828M4.44M
5XLKST STR TECH SEL SPDR ETFhistory →ETF/Closed End1.47%$640M4.44M
6AMZNAMAZONCOM INChistory →Common Stock1.41%$615M2.67M
7AVGOBROADCOM INChistory →Common Stock1.32%$577M1.67M
8GOOGLALPHABET INC Ahistory →Common Stock1.27%$554M1.77M
9JPMJPMORGAN CHASE COhistory →Common Stock1.25%$547M1.70M
10QQQINV QQQ ETFhistory →ETF/Closed End1.19%$517M841.1K
11XLFST STR FINL SEL SCTR ETFhistory →ETF/Closed End1.15%$503M9.17M
12SPYSPDR SP 500 ETFhistory →ETF/Closed End1.07%$466M683.3K
13BBUSJPM BETABLDRS U S EQ ETFhistory →ETF/Closed End0.96%$417M3.38M
14GOOGALPHABET INC Chistory →Common Stock0.95%$414M1.32M
15XLCST STR COMMN SVC SEL ETFhistory →ETF/Closed End0.90%$394M3.35M
16XLVST STR H/C SEL SCTR ETFhistory →ETF/Closed End0.84%$368M2.38M
17IWFISHS RUSS 1000 GRW ETFhistory →ETF/Closed End0.84%$368M778.1K
18METAMETA PLATFORMS INC Ahistory →Common Stock0.81%$352M532.9K
19ISHS CORE UNVL USD ETFETF/Closed End-0.76%$330M7.09M
20IVEISHS SP 500 VALUE ETFhistory →ETF/Closed End0.72%$312M1.47M
21VEUVNGRD FTSE ALL WORLD ETFhistory →ETF/Closed End0.68%$297M4.04M
22LLYELI LILLY COhistory →Common Stock0.67%$292M271.7K
23DYNFISHS US EQ FCTR ROTN ETFhistory →ETF/Closed End0.67%$291M4.79M
24VVISA INC CL Ahistory →Common Stock0.64%$279M794.9K
25VYMVNGRD HIGH DIV YLD ETFhistory →ETF/Closed End0.63%$275M1.91M
26IVWISHS SP 500 GRWTH ETFhistory →ETF/Closed End0.62%$272M2.20M
27JNJJOHNSON JOHNSONhistory →Common Stock0.61%$267M1.29M
28IEMGISHS CORE MSCI E/MKT ETFhistory →ETF/Closed End0.60%$262M3.90M
29WMTWALMART INChistory →Common Stock0.60%$262M2.35M
30BRK/BBERKSHIRE HATHAWAY INC Bhistory →Common Stock0.57%$250M497.2K
31VOOVNGRD SP 500 ETFhistory →ETF/Closed End0.57%$248M395.8K
32ABBVABBVIE INChistory →Common Stock0.57%$247M1.08M
33XLPST STR CONS STAPLES ETFhistory →ETF/Closed End0.54%$234M3.01M
34IEIISHS 37Y TRSY BD ETFhistory →ETF/Closed End-0.52%$225M1.89M
35VEAVNGRD FTSE DEV MKTS ETFhistory →ETF/Closed End0.51%$224M3.58M
36VGTVNGRD INFO TECH ETFhistory →ETF/Closed End0.48%$209M277.2K
37OEFISHS SP 100 ETFhistory →ETF/Closed End0.45%$195M568.3K
38EXMOCEXXON MOBIL CORPhistory →Common Stock0.44%$193M1.61M
39EFVISHS MSCI EAFE VAL ETFhistory →ETF/Closed End0.44%$193M2.70M
40VONGVNGRD RUS1000 GRW IN ETFhistory →ETF/Closed End0.44%$193M1.58M
41MRKMERCK COMPANY INChistory →Common Stock0.44%$191M1.81M
42IJRISHS CORE SP SMCP ETFhistory →ETF/Closed End0.43%$187M1.56M
43XLYST STR CONS DIS SEL ETFhistory →ETF/Closed End0.41%$181M1.51M
44CVXCHEVRON CORPhistory →Common Stock0.41%$179M1.17M
45MAMASTERCARD INC Ahistory →Common Stock0.39%$172M300.8K
46IBMINTL BUSINESS MACHS CORPhistory →Common Stock0.39%$168M568.5K
47QUALISHS MSCI USA QLTY ETFhistory →ETF/Closed End0.39%$168M846.7K
48VCSHVNGRD SHRT TRM CORP ETFhistory →ETF/Closed End-0.38%$167M2.10M
49VPLVNGRD FTSE PACIFIC ETFhistory →ETF/Closed End0.38%$166M1.84M
50HDHOME DEPOT INChistory →Common Stock0.36%$155M451.5K
51JEPIJPM EQTY PREM INCM ETFhistory →ETF/Closed End0.35%$154M2.69M
52VONVVNGRD RUS1000 VL IN ETFhistory →ETF/Closed End0.35%$153M1.66M
53PGPROCTER GAMBLE COhistory →Common Stock0.34%$150M1.05M
54CSCOCISCO SYSTEMS INChistory →Common Stock0.34%$148M1.92M
55JPM ACTIVE GRWTH ETFETF/Closed End0.34%$148M1.59M
56TSLATESLA INChistory →Common Stock0.33%$144M320.9K
57EEMAISHS MSCI E/M ASIA ETFhistory →ETF/Closed End0.33%$144M1.53M
58MTUMISHS USA MOMNTM FCTR ETFhistory →ETF/Closed End0.33%$143M572.5K
59ETNEATON CORP PLChistory →Common Stock0.33%$142M446.6K
60RTXRTX CORPhistory →Common Stock0.33%$142M774.8K
61CATCATERPILLAR INChistory →Common Stock0.32%$141M246.6K
62AMGNAMGEN INChistory →Common Stock0.32%$141M431.1K
63TLHISHS 1020 TRSRY ETFhistory →ETF/Closed End-0.32%$138M1.36M
64IEFAISHS CORE MSCI EAFE ETFhistory →ETF/Closed End0.31%$136M1.52M
65IXUSISHS CORE TTL INTL ETFhistory →ETF/Closed End0.31%$134M1.58M
66IGMISHS EXP TECH SECTOR ETFhistory →ETF/Closed End0.31%$134M1.04M
67RSPINV SP500 EQL WGHT ETFhistory →ETF/Closed End0.31%$133M695.9K
68JIREJPM INTL RESH ENH EQ ETFhistory →ETF/Closed End0.31%$133M1.78M
69JCPBJPM CORE PLUS BOND ETFhistory →ETF/Closed End-0.30%$133M2.80M
70PEPPEPSICO INChistory →Common Stock0.30%$130M908.5K
71XLUST STR UTIL SEL SPDR ETFhistory →ETF/Closed End0.30%$129M3.02M
72VIGVNGRD DIV APPRC IDX ETFhistory →ETF/Closed End0.29%$129M584.8K
73MBBISHS MBS ETFhistory →ETF/Closed End-0.29%$128M1.35M
74TLTISHS 20 TRSY BD ETFhistory →ETF/Closed End-0.29%$128M1.47M
75CGDVCAP GRP DIV VALUE ETFhistory →ETF/Closed End0.29%$128M2.93M
76NEENEXTERA ENERGY INChistory →Common Stock0.29%$127M1.58M
77PNCPNC FINL SVCS GROUP INChistory →Common Stock0.28%$123M589.4K
78MDTMEDTRONIC PLChistory →Common Stock0.28%$121M1.26M
79NFLXNETFLIX INChistory →Common Stock0.27%$119M1.27M
80VOVNGRD MID CAP ETFhistory →ETF/Closed End0.27%$118M407.5K
81QCOMQUALCOMM INChistory →Common Stock0.27%$117M686.6K
82TSMTAIWAN SEMICON MFG COhistory →Common Stock0.27%$116M383.1K
83MCDMCDONALDS CORPhistory →Common Stock0.26%$115M377.8K
84COSTCOSTCO WHOLESALE CORPhistory →Common Stock0.26%$115M133.4K
85JAVAJPM ACTIVE VAL ETFhistory →ETF/Closed End0.26%$114M1.59M
86IAUISHS GOLD TRUST ETFhistory →ETF/Closed End0.25%$111M1.37M
87JBNDJPM ACTIVE BOND ETFhistory →ETF/Closed End-0.25%$111M2.05M
88KOCOCA COLA COMPANYhistory →Common Stock0.25%$109M1.56M
89ISHS AI INNOV TECH ETFETF/Closed End0.25%$109M3.26M
90VCITVNGRD INTRM CORP BD ETFhistory →ETF/Closed End-0.25%$107M1.28M
91IEFISHS 710Y TRSY ETFhistory →ETF/Closed End-0.25%$107M1.11M
92BLKBLACKROCK FDG INChistory →Common Stock0.24%$106M99.4K
93IBBISHS BIOTECH ETFhistory →ETF/Closed End0.24%$105M619.5K
94RDVYFT RISING DIV ACHIEV ETFhistory →ETF/Closed End0.24%$104M1.50M
95GSGOLDMAN SACHS GROUP INChistory →Common Stock0.24%$103M117.5K
96BXBLACKSTONE INC Ahistory →Common Stock0.23%$102M661.6K
97HDVISHS CORE HIGH DIV ETFhistory →ETF/Closed End0.23%$101M830.4K
98IWRISHS RUSS MDCP ETFhistory →ETF/Closed End0.23%$101M1.05M
99CGCPCAP GRP F/COR PL INC ETFhistory →ETF/Closed End0.23%$100M4.40M
100ISHS US THEMTC ROTN ETFETF/Closed End0.22%$98M2.53M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$40.4B2,740Apr 22, 202613F-HRchanges · EDGAR ↗
Q4 2025$43.6B2,909Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$42.2B2,852Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$38.3B2,698Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$35.3B2,664Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$36.1B2,679Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$35.8B2,652Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$32.8B2,599Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$33.6B2,712May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$30.8B3,526Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$26.8B3,364Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$28.7B2,626Jul 26, 202313F-HRchanges · EDGAR ↗
Q1 2023$24.5B2,452Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$25.7B2,556Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$23.3B3,183Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$22.1B2,952Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$23.4B2,227May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$25.8B2,360Jan 27, 202213F-HRchanges · EDGAR ↗
Q3 2021$23.4B3,035Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$22.7B2,240Jul 26, 202113F-HRchanges · EDGAR ↗
Q1 2021$20.6B2,158Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$20.7B2,217Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$17.5B2,059Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$15.8B1,985Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$12.6B1,870Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$15.2B2,055Jan 21, 202013F-HRchanges · EDGAR ↗
Q3 2019$13.7B2,035Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$13.0B2,035Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$12.2B1,992Apr 30, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$10.4B1,932Feb 1, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.