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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
+1.4%
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
$23.4B
AUM Growth
+$744M
(+3.3%)
Cap. Flow
+$529M
Cap. Flow % of AUM
Cap. Flow %
2.26%
Top 10 Holdings %
Top 10 Hldgs %
16.29%
Holding
2,928
New
154
Increased
1,484
Reduced
1,061
Closed
91
Avg Time Held
3.8
years
Top 10 Avg Time Held
3.9
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$75.6M |
| 2 |
First Trust Value Line Dividend Fund
FVD
|
+$22.3M |
| 3 |
iShares 10-20 Year Treasury Bond ETF
TLH
|
+$20.3M |
| 4 |
SPDR Gold Trust
GLD
|
+$16.1M |
| 5 |
iShares Short Maturity Bond ETF
NEAR
|
+$15.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Bond ETF
BSV
|
+$45.7M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$24.1M |
| 3 |
iShares US Equity Factor ETF
LRGF
|
+$21.8M |
| 4 |
First Trust NASDAQ-100 Technology Index Fund
QTEC
|
+$21.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$20.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.23% |
| 2 | Technology | 7.49% |
| 3 | Financials | 6.17% |
| 4 | Healthcare | 4.73% |
| 5 | Consumer Staples | 3.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.1T
| $683M | 2.92% |
12,204,248
+188,516
| +2% | +$9.9M |
2013 Q2
25 quarters
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $507M | 2.16% |
12,347,515
+8,931
| +0.1% | +$365K |
2013 Q2
25 quarters
|
|
3
iShares Core S&P 500 ETF
IVV
$873B
| $426M | 1.82% |
1,428,363
+7,691
| +0.5% | +$2.29M |
2013 Q2
25 quarters
|
|
4
iShares Russell 1000 Growth ETF
IWF
$118B
| $366M | 1.56% |
9,166,760
-181,804
| -2% | -$7.29M |
2013 Q2
25 quarters
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $356M | 1.52% |
1,201,257
+43,227
| +4% | +$12.8M |
2013 Q2
25 quarters
|
|
6
iShares Russell 1000 Value ETF
IWD
$84.7B
| $311M | 1.33% |
2,428,340
-8,837
| -0.4% | -$1.12M |
2013 Q2
25 quarters
|
|
|
7
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $306M | 1.31% |
4,775,915
+1,192,724
| +33% | +$75.6M |
2013 Q2
25 quarters
|
|
|
8
Vanguard Morningstar Total Stock Market ETF
VTI
$688B
| $293M | 1.25% |
1,939,155
-160,103
| -8% | -$24.1M |
2013 Q2
25 quarters
|
|
9
Microsoft
MSFT
$4.05T
| $285M | 1.21% |
2,046,852
+59,645
| +3% | +$8.2M |
2013 Q2
25 quarters
|
|
10
Amazon
AMZN
$2.89T
| $285M | 1.21% |
3,278,540
+123,820
| +4% | +$11.5M |
2013 Q2
25 quarters
|
|
11
Invesco QQQ Trust
QQQ
$461B
| $271M | 1.15% |
1,433,617
-38,739
| -3% | -$7.34M |
2013 Q2
25 quarters
|
|
12
Berkshire Hathaway Class B
BRK.B
$1.23T
| $261M | 1.11% |
1,253,312
-7,344
| -0.6% | -$1.51M |
2013 Q2
25 quarters
|
|
13
Vanguard Dividend Appreciation ETF
VIG
$117B
| $228M | 0.97% |
1,904,384
+100,742
| +6% | +$11.9M |
2013 Q2
25 quarters
|
|
14
iShares Core S&P Small-Cap ETF
IJR
$107B
| $226M | 0.97% |
2,908,072
-69,324
| -2% | -$5.37M |
2013 Q2
25 quarters
|
|
15
Vanguard Morningstar Value ETF
VTV
$195B
| $207M | 0.88% |
1,858,114
+38,159
| +2% | +$4.22M |
2013 Q2
25 quarters
|
|
16
Vanguard Morningstar Growth ETF
VUG
$219B
| $206M | 0.88% |
7,435,986
+147,276
| +2% | +$4.09M |
2013 Q2
25 quarters
|
|
17
iShares Russell Mid-Cap Value ETF
IWS
$15.1B
| $206M | 0.88% |
2,294,261
+16,163
| +0.7% | +$1.43M |
2013 Q2
25 quarters
|
|
18
AT&T
T
$147B
| $199M | 0.85% |
6,953,101
+402,782
| +6% | +$10.7M |
2013 Q2
25 quarters
|
|
19
Verizon
VZ
$191B
| $190M | 0.81% |
3,153,280
+175,416
| +6% | +$10.1M |
2013 Q2
25 quarters
|
|
20
iShares Russell Mid-Cap Growth ETF
IWP
$18.1B
| $189M | 0.81% |
2,680,894
-1,394
| -0.1% | -$100K |
2013 Q2
25 quarters
|
|
21
iShares Core S&P Total US Stock Market ETF
ITOT
$95.4B
| $188M | 0.8% |
2,809,926
+172,705
| +7% | +$11.6M |
2013 Q2
25 quarters
|
|
22
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $185M | 0.79% |
4,779,735
+16,895
| +0.4% | +$649K |
2013 Q2
25 quarters
|
|
23
Johnson & Johnson
JNJ
$679B
| $176M | 0.75% |
1,362,172
-13,183
| -1% | -$1.74M |
2013 Q2
25 quarters
|
|
24
Vanguard S&P 500 ETF
VOO
$1.04T
| $173M | 0.74% |
632,901
+28,342
| +5% | +$7.69M |
2013 Q2
25 quarters
|
|
25
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $169M | 0.72% |
4,193,940
+138,325
| +3% | +$5.71M |
2013 Q2
25 quarters
|
|
Similar funds
Commonwealth Equity Services's Q3 2019 Portfolio in Review
As of Q3 2019, Commonwealth Equity Services held 2,928 positions worth $23.4B, up 3.3% from $22.7B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Commonwealth Equity Services's Q3 2019 filing shows 154 new, 1,484 increased, 1,061 reduced and 91 closed positions. Its largest new stake was Cadence Bank: 511,346 shares worth $15.1M. The largest sale was Vanguard Short-Term Bond ETF, an estimated $45.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, down from 59% a quarter earlier, followed by Technology and Financials.
- Commonwealth Equity Services's largest Q3 2019 buy was Cadence Bank: 511,346 shares worth $15.1M.
- Commonwealth Equity Services added most to iShares MSCI USA Min Vol Factor ETF in Q3 2019, an estimated $75.6M increase.
- Commonwealth Equity Services's biggest Q3 2019 reduction was Vanguard Short-Term Bond ETF, cutting an estimated $45.7M.
- Commonwealth Equity Services fully exited AmeriGas Partners, L.P. in Q3 2019, selling an estimated $4.43M.
- Commonwealth Equity Services's ten largest holdings make up 16% of its $23.4B portfolio in Q3 2019.
- Commonwealth Equity Services opened 154 new positions and closed 91 in Q3 2019.
- Commonwealth Equity Services's portfolio value rose 3.3% quarter-over-quarter to $23.4B.
Based on Commonwealth Equity Services's 13F filing for Q3 2019, filed 30 Oct 2019.