Commonwealth Equity Services Portfolio holdings
Commonwealth Financial Network acts as the back office for independent financial advisers, processing investment transactions for their clients. Joseph Deitch founded it in 1979 as The Cambridge Group, an outgrowth of his financial planning practice, and adopted the Commonwealth name in 1981. In 1992 it bought Kavanaugh Securities of Dallas to expand its national presence. LPL Holdings acquired the firm in August 2025, and it continues to operate under the Commonwealth brand.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FS KKR Capital
FSK
|
+$260M |
| 2 |
iShares Russell 1000 Value ETF
IWD
|
+$18M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$17.4M |
| 4 |
iShares Russell 1000 Growth ETF
IWF
|
+$15.2M |
| 5 |
Invesco CEF Income Composite ETF
PCEF
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Small-Cap Growth ETF
VBK
|
+$8.16M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$8.09M |
| 3 |
Molina Healthcare
MOH
|
+$7.9M |
| 4 |
iShares Russell 2000 Growth ETF
IWO
|
+$7.79M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$6.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 49.42% |
| 2 | Financials | 9.12% |
| 3 | Energy | 7.34% |
| 4 | Technology | 6.17% |
| 5 | Healthcare | 5.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
FS KKR Capital
FSK
$2.96B
| $268M | 3.26% |
+6,288,631
| New | +$260M |
2014 Q2
0 quarters
|
|
|
2
iShares Russell 1000 Growth ETF
IWF
$126B
| $242M | 2.95% |
10,649,160
+693,820
| +7% | +$15.2M |
2013 Q2
4 quarters
|
|
|
3
iShares Russell 1000 Value ETF
IWD
$84.7B
| $232M | 2.83% |
2,294,504
+183,622
| +9% | +$18M |
2013 Q2
4 quarters
|
|
4
Apple
AAPL
$5.02T
| $178M | 2.16% |
7,652,456
+205,296
| +3% | +$4.37M |
2013 Q2
4 quarters
|
|
5
ExxonMobil
XOM
$748B
| $163M | 1.98% |
1,617,774
+40,276
| +3% | +$4.06M |
2013 Q2
4 quarters
|
|
6
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $136M | 1.65% |
3,184,749
+236,179
| +8% | +$10M |
2013 Q2
4 quarters
|
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$820B
| $119M | 1.45% |
608,338
+10,175
| +2% | +$1.93M |
2013 Q2
4 quarters
|
|
8
GE Aerospace
GE
$312B
| $98.7M | 1.2% |
783,830
+8,204
| +1% | +$1.04M |
2013 Q2
4 quarters
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.16T
| $92.7M | 1.13% |
732,290
+52,899
| +8% | +$6.7M |
2013 Q2
4 quarters
|
|
10
Johnson & Johnson
JNJ
$652B
| $89.9M | 1.09% |
859,365
+47,961
| +6% | +$4.85M |
2013 Q2
4 quarters
|
|
11
iShares Russell Mid-Cap Growth ETF
IWP
$19.2B
| $89.3M | 1.09% |
1,993,976
+79,000
| +4% | +$3.4M |
2013 Q2
4 quarters
|
|
12
Verizon
VZ
$179B
| $85.3M | 1.04% |
1,743,260
+115,978
| +7% | +$5.62M |
2013 Q2
4 quarters
|
|
13
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $81.9M | 1% |
1,899,013
+150,090
| +9% | +$6.32M |
2013 Q2
4 quarters
|
|
14
AT&T
T
$139B
| $79.5M | 0.97% |
2,975,364
+54,044
| +2% | +$1.45M |
2013 Q2
4 quarters
|
|
|
15
Invesco QQQ Trust
QQQ
$490B
| $77.3M | 0.94% |
823,424
-90,669
| -10% | -$8.09M |
2013 Q2
4 quarters
|
|
16
Vanguard Dividend Appreciation ETF
VIG
$115B
| $72.5M | 0.88% |
929,469
+73,700
| +9% | +$5.64M |
2013 Q2
4 quarters
|
|
17
Procter & Gamble
PG
$367B
| $68.5M | 0.83% |
871,159
+67,255
| +8% | +$5.42M |
2013 Q2
4 quarters
|
|
18
Chevron
CVX
$450B
| $67.2M | 0.82% |
514,876
+3,680
| +0.7% | +$458K |
2013 Q2
4 quarters
|
|
19
iShares Core S&P 500 ETF
IVV
$888B
| $66.3M | 0.81% |
336,595
-10,066
| -3% | -$1.93M |
2013 Q2
4 quarters
|
|
20
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.6B
| $64.9M | 0.79% |
1,228,886
+2,378
| +0.2% | +$125K |
2013 Q2
4 quarters
|
|
21
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $63.6M | 0.77% |
875,752
+139,113
| +19% | +$9.7M |
2013 Q2
4 quarters
|
|
22
iShares MSCI EAFE ETF
EFA
$77B
| $62.7M | 0.76% |
916,707
-53,427
| -6% | -$3.66M |
2013 Q2
4 quarters
|
|
23
Vanguard Morningstar Total Stock Market ETF
VTI
$698B
| $60.6M | 0.74% |
595,134
+44,348
| +8% | +$4.37M |
2013 Q2
4 quarters
|
|
24
Vanguard Morningstar Growth ETF
VUG
$230B
| $57.8M | 0.7% |
3,504,618
+217,644
| +7% | +$3.45M |
2013 Q2
4 quarters
|
|
25
IBM
IBM
$239B
| $55.1M | 0.67% |
317,692
-11,447
| -3% | -$2.06M |
2013 Q2
4 quarters
|
|
Similar funds
Commonwealth Equity Services's Q2 2014 Portfolio in Review
As of Q2 2014, Commonwealth Equity Services held 2,156 positions worth $8.22B, up 13% from $7.24B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Commonwealth Equity Services deployed $627M of net new capital in Q2 2014, opening 164 new positions and adding to 1,190 existing holdings. Its largest new stake was FS KKR Capital: 6,288,631 shares worth $268M.
By sector, the portfolio is most concentrated in Miscellaneous at 49% of assets, down from 51% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Vanguard Morningstar Small-Cap Growth ETF, an estimated $8.16M trimmed.
- Commonwealth Equity Services's largest Q2 2014 buy was FS KKR Capital: 6,288,631 shares worth $268M.
- Commonwealth Equity Services added most to iShares Russell 1000 Value ETF in Q2 2014, an estimated $18M increase.
- Commonwealth Equity Services's biggest Q2 2014 reduction was Vanguard Morningstar Small-Cap Growth ETF, cutting an estimated $8.16M.
- Commonwealth Equity Services fully exited BEAM INC COM STK (DE) in Q2 2014, selling an estimated $2.42M.
- Commonwealth Equity Services's ten largest holdings make up 20% of its $8.22B portfolio in Q2 2014.
- Commonwealth Equity Services opened 164 new positions and closed 95 in Q2 2014.
- Commonwealth Equity Services's portfolio value rose 13% quarter-over-quarter to $8.22B.
Based on Commonwealth Equity Services's 13F filing for Q2 2014, filed 23 Jul 2014.