Verdence Capital Advisors LLC

RIA/Wealth

Verdence Capital Advisors LLC is a RIA/Wealth based in Hunt Valley, MD led by Leo Joseph Kelly, reporting $3.9B in AUM as of Q3 2025 with 32% ETF concentration.

CEOLeo Joseph Kelly

Portfolio Value: $1.7B
Positions: 697
Top Holding: AAPL at 3.19%
Last Reported: Q3 2025

Address50 Schilling Road, Suite 300, Hunt Valley, MD, 21031, United States

Top Holdings

Largest long holdings in Verdence Capital Advisors LLC's portfolio (21.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Apple AAPL	Consumer Electronics Technology	$55.3M	3.19%	-$295.7K Sold	0.00% 205.8K shares	Q4 2017 Held for 7y 11m
2 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$50.1M	2.88%	+$10.0M Bought	— 545.8K shares	Q4 2022 Held for 2y 11m
3 Microsoft MSFT	Software - Infrastructure Technology	$49.3M	2.84%	+$670.8K Bought	0.00% 92.8K shares	Q4 2017 Held for 7y 11m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$44.1M	2.54%	+$6.9M Bought	— 64.4K shares	Q4 2017 Held for 7y 11m
5 iShares Floating Rate Bond FLOT	ETF ETF	$39.1M	2.25%	-$3.7M Sold	— 766.8K shares	Q4 2017 Held for 7y 11m
6 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$32.8M	1.89%	+$9.6M Bought	— 323.7K shares	Q2 2019 Held for 6y 5m
7 Broadcom Inc. AVGO	Semiconductors Technology	$29.0M	1.67%	-$5.1M Sold	0.00% 80.0K shares	Q4 2018 Held for 6y 11m
8 JPMorgan Chase JPM	Banks - Diversified Financial Services	$26.8M	1.54%	+$1.7M Bought	0.00% 88.1K shares	Q4 2017 Held for 7y 11m
9 Vanguard S&P 500 ETF VOO	ETF ETF	$25.0M	1.44%	+$121.6K Bought	— 39.7K shares	Q2 2020 Held for 5y 5m
10 iShares MSCI EAFE EFA	ETF ETF	$24.2M	1.39%	+$3.4M Bought	— 252.7K shares	Q4 2017 Held for 7y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Verdence Capital Advisors LLC's latest filing

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Market Value

$1.7B

Prior: $1.5B

Q/Q Change

+18.51%

+$271.0M

Net Flows % of MV

+6.79%

Turnover Ratio

8.0%

New Purchases

43 stocks

$33.8M

Added To

406 stocks

+$156.3M

Sold Out Of

42 stocks

$15.6M

Reduced Holdings

201 stocks

-$56.7M

Increased Positions

Position	Shares Δ	Change
1 Stifel Financial SF	New	0 → 33.8K +$4.0M
2 iShares 3-7 Year Treasury Bond IEI	New	0 → 33.3K +$4.0M
3 Janus Henderson AAA CLO JAAA	New	0 → 75.5K +$3.8M
4 Vanguard Mortgage-Backed Securities VMBS	New	0 → 63.7K +$3.0M
5 Invesco Variable Rate Investment Grade VRIG	New	0 → 97.8K +$2.5M

Decreased Positions

Position	Shares Δ	Change
1 Kenvue KVUE	Sold	42.4K → 0 −$887.1K
2 Centene CNC	Sold	15.8K → 0 −$859.7K
3 Devon Energy DVN	Sold	23.0K → 0 −$730.5K
4 Alexandria Real Estate Equities ARE	Sold	9.0K → 0 −$654.5K
5 Canadian Imperial Bank of Commerce CM	Sold	9.0K → 0 −$635.1K

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Analytics

Portfolio insights and performance metrics for Verdence Capital Advisors LLC

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Sector Allocation

ETF

31.70%

Technology

20.00%

Financial Services

12.40%

Healthcare

6.80%

Industrials

6.50%

Consumer Cyclical

4.60%

Communication Services

3.90%

Consumer Defensive

3.90%

Energy

3.20%

Real Estate

1.80%

Utilities

1.50%

Basic Materials

0.90%

Market Cap Distribution

Mega Cap (> $200B)

27.57%

Large Cap ($10B - $200B)

31.55%

Mid Cap ($2B - $10B)

4.45%

Small Cap ($300M - $2B)

0.76%

Micro Cap ($50M - $300M)

0.08%

Nano Cap (< $50M)

0.56%

N/A (ETF or Unknown)

35.03%

Portfolio Concentration

Top 10 Holdings %

21.64%

Top 20 Holdings %

32.65%

Top 50 Holdings %

50.56%

Top 100 Holdings %

66.36%