Sand Hill Global Advisors, LLC

Q3 2025 13F-HR Holdings

Location
Palo Alto, CA
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
199
Total value ($000)
$2,840,880
Net value change ($000)
+147,096 (5.5%)
New positions
12
Sold out positions
15
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VNQ 72,103 94.5%
EFA 14,067 5.6%
VWO 12,910 8.2%
IWM 9,519 7.2%
SPY 7,203 3.2%
SPYM 7,150 5.8%
GOOGL 6,996 34.0%
IJH 6,792 4.8%
AAPL 6,520 21.7%
VBK 5,921 7.0%
Top Reduces (Value $000, Stocks/ETFs)
ICSH -34,537 -68.4%
DHR -4,703 -91.2%
MUB -2,509 -33.3%
ITOT -2,251 -100.0%
VOT -1,903 -100.0%
V -1,782 -9.7%
IUSG -1,566 -100.0%
BRK-B -1,483 -19.2%
ACN -1,388 -22.6%
IVV -1,229 -2.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type