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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
+7.31%
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
$26.3B
AUM Growth
+$2.84B
(+12%)
Cap. Flow
+$1.22B
Cap. Flow % of AUM
Cap. Flow %
4.63%
Top 10 Holdings %
Top 10 Hldgs %
17.1%
Holding
3,009
New
172
Increased
1,653
Reduced
960
Closed
126
Avg Time Held
3.9
years
Top 10 Avg Time Held
4.2
years
Top 20 Avg Time Held
3.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$48.6M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$42.6M |
| 3 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$42.3M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$24.6M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 10-20 Year Treasury Bond ETF
TLH
|
+$20.5M |
| 2 |
iShares Floating Rate Bond ETF
FLOT
|
+$15.3M |
| 3 |
Cadence Bank
CADE
|
+$14.3M |
| 4 |
CELG
Celgene Corp
CELG
|
+$13.7M |
| 5 |
BSCJ
Invesco BulletShares 2019 Corporate Bond ETF
BSCJ
|
+$8.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.36% |
| 2 | Technology | 8.16% |
| 3 | Financials | 6.2% |
| 4 | Healthcare | 4.9% |
| 5 | Communication Services | 3.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.18T
| $894M | 3.4% |
12,183,100
-21,148
| -0.2% | -$1.36M |
2013 Q2
26 quarters
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $560M | 2.13% |
12,704,053
+356,538
| +3% | +$15.2M |
2013 Q2
26 quarters
|
|
|
3
iShares Core S&P 500 ETF
IVV
$875B
| $512M | 1.95% |
1,585,429
+157,066
| +11% | +$48.6M |
2013 Q2
26 quarters
|
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $410M | 1.56% |
1,272,866
+71,609
| +6% | +$22M |
2013 Q2
26 quarters
|
|
5
iShares Russell 1000 Growth ETF
IWF
$118B
| $398M | 1.51% |
9,042,976
-123,784
| -1% | -$5.17M |
2013 Q2
26 quarters
|
|
|
6
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $361M | 1.38% |
2,209,103
+269,948
| +14% | +$42.3M |
2013 Q2
26 quarters
|
|
|
7
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $357M | 1.36% |
5,439,668
+663,753
| +14% | +$42.6M |
2013 Q2
26 quarters
|
|
8
Microsoft
MSFT
$3.89T
| $344M | 1.31% |
2,179,360
+132,508
| +6% | +$19.5M |
2013 Q2
26 quarters
|
|
9
iShares Russell 1000 Value ETF
IWD
$84.9B
| $334M | 1.27% |
2,446,126
+17,786
| +0.7% | +$2.34M |
2013 Q2
26 quarters
|
|
10
Amazon
AMZN
$2.88T
| $324M | 1.23% |
3,502,760
+224,220
| +7% | +$19.8M |
2013 Q2
26 quarters
|
|
11
Invesco QQQ Trust
QQQ
$461B
| $319M | 1.21% |
1,499,409
+65,792
| +5% | +$13.2M |
2013 Q2
26 quarters
|
|
12
Berkshire Hathaway Class B
BRK.B
$1.26T
| $290M | 1.1% |
1,278,524
+25,212
| +2% | +$5.48M |
2013 Q2
26 quarters
|
|
13
Vanguard Dividend Appreciation ETF
VIG
$118B
| $252M | 0.96% |
2,019,656
+115,272
| +6% | +$13.9M |
2013 Q2
26 quarters
|
|
14
iShares Core S&P Small-Cap ETF
IJR
$106B
| $251M | 0.96% |
2,995,546
+87,474
| +3% | +$7.04M |
2013 Q2
26 quarters
|
|
15
Vanguard Morningstar Value ETF
VTV
$197B
| $229M | 0.87% |
1,914,796
+56,682
| +3% | +$6.54M |
2013 Q2
26 quarters
|
|
16
Vanguard Morningstar Growth ETF
VUG
$219B
| $227M | 0.86% |
7,473,240
+37,254
| +0.5% | +$1.08M |
2013 Q2
26 quarters
|
|
17
iShares Russell Mid-Cap Value ETF
IWS
$15.1B
| $222M | 0.84% |
2,341,850
+47,589
| +2% | +$4.35M |
2013 Q2
26 quarters
|
|
18
AT&T
T
$149B
| $220M | 0.84% |
7,466,446
+513,345
| +7% | +$14.8M |
2013 Q2
26 quarters
|
|
19
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $212M | 0.81% |
5,161,025
+381,290
| +8% | +$15.1M |
2013 Q2
26 quarters
|
|
20
iShares Russell Mid-Cap Growth ETF
IWP
$18.2B
| $210M | 0.8% |
2,753,408
+72,514
| +3% | +$5.32M |
2013 Q2
26 quarters
|
|
21
iShares Core S&P Total US Stock Market ETF
ITOT
$95.5B
| $205M | 0.78% |
2,824,591
+14,665
| +0.5% | +$1.02M |
2013 Q2
26 quarters
|
|
22
Johnson & Johnson
JNJ
$688B
| $205M | 0.78% |
1,402,336
+40,164
| +3% | +$5.45M |
2013 Q2
26 quarters
|
|
23
Verizon
VZ
$192B
| $202M | 0.77% |
3,287,350
+134,070
| +4% | +$8.09M |
2013 Q2
26 quarters
|
|
24
Vanguard S&P 500 ETF
VOO
$1.04T
| $197M | 0.75% |
667,382
+34,481
| +5% | +$9.8M |
2013 Q2
26 quarters
|
|
25
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $197M | 0.75% |
4,429,986
+236,046
| +6% | +$10M |
2013 Q2
26 quarters
|
|
Similar funds
Commonwealth Equity Services's Q4 2019 Portfolio in Review
As of Q4 2019, Commonwealth Equity Services held 3,009 positions worth $26.3B, up 12% from $23.4B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Commonwealth Equity Services deployed $1.22B of net new capital in Q4 2019, opening 172 new positions and adding to 1,653 existing holdings. Its largest new stake was Innovator US Equity Power Buffer ETF December: 815,338 shares worth $21.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, up from 59% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 10-20 Year Treasury Bond ETF, an estimated $20.5M trimmed.
- Commonwealth Equity Services's largest Q4 2019 buy was Innovator US Equity Power Buffer ETF December: 815,338 shares worth $21.8M.
- Commonwealth Equity Services added most to iShares Core S&P 500 ETF in Q4 2019, an estimated $48.6M increase.
- Commonwealth Equity Services's biggest Q4 2019 reduction was iShares 10-20 Year Treasury Bond ETF, cutting an estimated $20.5M.
- Commonwealth Equity Services fully exited Celgene Corp in Q4 2019, selling an estimated $13.7M.
- Commonwealth Equity Services's ten largest holdings make up 17% of its $26.3B portfolio in Q4 2019.
- Commonwealth Equity Services opened 172 new positions and closed 126 in Q4 2019.
- Commonwealth Equity Services's portfolio value rose 12% quarter-over-quarter to $26.3B.
Based on Commonwealth Equity Services's 13F filing for Q4 2019, filed 5 Feb 2020.