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Commonwealth Equity Services Portfolio holdings
AUM
$77B
Turnover
10.05%
1-Year Est. Return
19.24%
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.
This Fund
S&P 500
This Quarter Est. Return
+12.39%
1 Year Est. Return
+19.24%
3 Year Est. Return
+87.41%
5 Year Est. Return
+91.79%
10 Year Est. Return
+275.28%
AUM
$21.7B
AUM Growth
+$2.84B
(+15%)
Cap. Flow
+$600M
Cap. Flow % of AUM
Cap. Flow %
2.77%
Top 10 Holdings %
Top 10 Hldgs %
16.35%
Holding
2,858
New
182
Increased
1,494
Reduced
959
Closed
115
Avg Time Held
3.5
years
Top 10 Avg Time Held
3.8
years
Top 20 Avg Time Held
3.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$37.3M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$25.3M |
| 3 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$24.1M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$22.9M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$154M |
| 2 |
iShares Core MSCI Total International Stock ETF
IXUS
|
+$105M |
| 3 |
W.P. Carey
WPC
|
+$27.6M |
| 4 |
iShares Russell 2000 Growth ETF
IWO
|
+$21M |
| 5 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$19.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.27% |
| 2 | Technology | 7.2% |
| 3 | Financials | 6.01% |
| 4 | Healthcare | 5.13% |
| 5 | Consumer Discretionary | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.18T
| $571M | 2.64% |
12,031,052
+396,836
| +3% | +$16.8M |
2013 Q2
23 quarters
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $494M | 2.28% |
12,095,948
-309,370
| -2% | -$12.4M |
2013 Q2
23 quarters
|
|
3
iShares Core S&P 500 ETF
IVV
$875B
| $392M | 1.81% |
1,379,043
+59,906
| +5% | +$16.4M |
2013 Q2
23 quarters
|
|
4
iShares Russell 1000 Growth ETF
IWF
$118B
| $360M | 1.66% |
9,506,920
+131,920
| +1% | +$4.74M |
2013 Q2
23 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $331M | 1.53% |
1,172,102
+81,083
| +7% | +$22M |
2013 Q2
23 quarters
|
|
6
iShares Russell 1000 Value ETF
IWD
$84.9B
| $305M | 1.41% |
2,469,938
+68,729
| +3% | +$8.26M |
2013 Q2
23 quarters
|
|
|
7
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $301M | 1.39% |
2,079,371
-1,106,888
| -35% | -$154M |
2013 Q2
23 quarters
|
|
8
Amazon
AMZN
$2.88T
| $280M | 1.29% |
3,141,140
+140,100
| +5% | +$11.7M |
2013 Q2
23 quarters
|
|
9
Invesco QQQ Trust
QQQ
$461B
| $258M | 1.19% |
1,435,723
+77,423
| +6% | +$13.1M |
2013 Q2
23 quarters
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.26T
| $250M | 1.15% |
1,244,595
+12,081
| +1% | +$2.44M |
2013 Q2
23 quarters
|
|
11
Microsoft
MSFT
$3.89T
| $229M | 1.06% |
1,938,995
+26,839
| +1% | +$2.93M |
2013 Q2
23 quarters
|
|
12
iShares Core S&P Small-Cap ETF
IJR
$106B
| $228M | 1.05% |
2,950,202
+268,537
| +10% | +$20.6M |
2013 Q2
23 quarters
|
|
13
iShares Russell Mid-Cap Value ETF
IWS
$15.1B
| $196M | 0.9% |
2,252,706
+166,031
| +8% | +$14M |
2013 Q2
23 quarters
|
|
14
Johnson & Johnson
JNJ
$688B
| $193M | 0.89% |
1,381,125
+16,237
| +1% | +$2.17M |
2013 Q2
23 quarters
|
|
15
Vanguard Morningstar Value ETF
VTV
$197B
| $192M | 0.89% |
1,785,524
+108,932
| +6% | +$11.5M |
2013 Q2
23 quarters
|
|
16
Vanguard Morningstar Growth ETF
VUG
$219B
| $189M | 0.87% |
7,240,386
+136,434
| +2% | +$3.37M |
2013 Q2
23 quarters
|
|
17
Vanguard Dividend Appreciation ETF
VIG
$118B
| $188M | 0.87% |
1,710,707
+162,037
| +10% | +$17.1M |
2013 Q2
23 quarters
|
|
18
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $186M | 0.86% |
4,901,185
+162,370
| +3% | +$6M |
2013 Q2
23 quarters
|
|
19
ExxonMobil
XOM
$696B
| $184M | 0.85% |
2,276,550
+83,391
| +4% | +$6.36M |
2013 Q2
23 quarters
|
|
20
iShares Russell Mid-Cap Growth ETF
IWP
$18.2B
| $183M | 0.85% |
2,704,384
+100,820
| +4% | +$6.47M |
2013 Q2
23 quarters
|
|
21
Vanguard Short-Term Bond ETF
BSV
$46.5B
| $182M | 0.84% |
2,287,576
-68,349
| -3% | -$5.39M |
2013 Q2
23 quarters
|
|
|
22
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $182M | 0.84% |
3,086,801
+665,555
| +27% | +$37.3M |
2013 Q2
23 quarters
|
|
23
Verizon
VZ
$192B
| $172M | 0.79% |
2,905,008
+69,045
| +2% | +$3.91M |
2013 Q2
23 quarters
|
|
24
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $170M | 0.78% |
3,995,288
+206,865
| +5% | +$8.52M |
2013 Q2
23 quarters
|
|
|
25
W.P. Carey
WPC
$15.1B
| $169M | 0.78% |
2,207,242
-382,908
| -15% | -$27.6M |
2013 Q2
23 quarters
|
|
Similar funds
Commonwealth Equity Services's Q1 2019 Portfolio in Review
As of Q1 2019, Commonwealth Equity Services held 2,858 positions worth $21.7B, up 15% from $18.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Commonwealth Equity Services's Q1 2019 filing shows 182 new, 1,494 increased, 959 reduced and 115 closed positions. Its largest new stake was Kirkland Lake Gold Ltd Ordinary: 176,449 shares worth $5.36M. The largest sale was Vanguard Morningstar Total Stock Market ETF, an estimated $154M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, down from 60% a quarter earlier, followed by Technology and Financials.
- Commonwealth Equity Services's largest Q1 2019 buy was Kirkland Lake Gold Ltd Ordinary: 176,449 shares worth $5.36M.
- Commonwealth Equity Services added most to iShares MSCI USA Min Vol Factor ETF in Q1 2019, an estimated $37.3M increase.
- Commonwealth Equity Services's biggest Q1 2019 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $154M.
- Commonwealth Equity Services fully exited Nuveen ESG International Developed Markets Equity ETF in Q1 2019, selling an estimated $4.39M.
- Commonwealth Equity Services's ten largest holdings make up 16% of its $21.7B portfolio in Q1 2019.
- Commonwealth Equity Services opened 182 new positions and closed 115 in Q1 2019.
- Commonwealth Equity Services's portfolio value rose 15% quarter-over-quarter to $21.7B.
Based on Commonwealth Equity Services's 13F filing for Q1 2019, filed 13 May 2019.