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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
+19.73%
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
$26.5B
AUM Growth
+$5.03B
(+23%)
Cap. Flow
+$1.13B
Cap. Flow % of AUM
Cap. Flow %
4.28%
Top 10 Holdings %
Top 10 Hldgs %
19.17%
Holding
3,068
New
254
Increased
1,445
Reduced
1,158
Closed
120
Avg Time Held
4
years
Top 10 Avg Time Held
3.6
years
Top 20 Avg Time Held
3.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSKR
FS KKR Capital Corp. II
FSKR
|
+$79.3M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$54.6M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$43.1M |
| 4 |
Microsoft
MSFT
|
+$41.8M |
| 5 |
SPDR Gold Trust
GLD
|
+$38.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$26.2M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$21M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$19.4M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.3M |
| 5 |
RTN
Raytheon Company
RTN
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.53% |
| 2 | Technology | 10.51% |
| 3 | Financials | 5.52% |
| 4 | Healthcare | 5.34% |
| 5 | Consumer Discretionary | 4.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.18T
| $1.12B | 4.23% |
12,302,748
+155,932
| +1% | +$12.1M |
2013 Q2
28 quarters
|
|
|
2
Microsoft
MSFT
$3.89T
| $538M | 2.03% |
2,642,108
+230,385
| +10% | +$41.8M |
2013 Q2
28 quarters
|
|
3
Amazon
AMZN
$2.88T
| $527M | 1.99% |
3,818,060
+72,020
| +2% | +$8.7M |
2013 Q2
28 quarters
|
|
4
iShares Core S&P 500 ETF
IVV
$875B
| $499M | 1.88% |
1,609,963
+30,827
| +2% | +$9.05M |
2013 Q2
28 quarters
|
|
5
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $470M | 1.77% |
12,122,866
-425,079
| -3% | -$15.5M |
2013 Q2
28 quarters
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $443M | 1.67% |
1,436,351
+64,707
| +5% | +$18.9M |
2013 Q2
28 quarters
|
|
7
Invesco QQQ Trust
QQQ
$461B
| $434M | 1.64% |
1,751,095
+97,984
| +6% | +$22M |
2013 Q2
28 quarters
|
|
8
iShares Russell 1000 Growth ETF
IWF
$118B
| $390M | 1.47% |
8,126,752
-275,748
| -3% | -$12.2M |
2013 Q2
28 quarters
|
|
|
9
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $343M | 1.29% |
5,655,685
-326,421
| -5% | -$19.4M |
2013 Q2
28 quarters
|
|
10
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $314M | 1.18% |
2,005,170
+67,655
| +3% | +$10M |
2013 Q2
28 quarters
|
|
11
Vanguard Dividend Appreciation ETF
VIG
$118B
| $270M | 1.02% |
2,302,699
+146,464
| +7% | +$16.7M |
2013 Q2
28 quarters
|
|
12
Vanguard Morningstar Growth ETF
VUG
$219B
| $254M | 0.96% |
7,530,954
-56,484
| -0.7% | -$1.74M |
2013 Q2
28 quarters
|
|
13
Berkshire Hathaway Class B
BRK.B
$1.26T
| $250M | 0.94% |
1,400,741
+24,943
| +2% | +$4.56M |
2013 Q2
28 quarters
|
|
14
iShares Russell 1000 Value ETF
IWD
$84.9B
| $233M | 0.88% |
2,070,436
-125,664
| -6% | -$13.8M |
2013 Q2
28 quarters
|
|
15
Vanguard S&P 500 ETF
VOO
$1.04T
| $219M | 0.83% |
772,516
+27,390
| +4% | +$7.37M |
2013 Q2
28 quarters
|
|
16
Johnson & Johnson
JNJ
$688B
| $217M | 0.82% |
1,542,494
+94,554
| +7% | +$13.8M |
2013 Q2
28 quarters
|
|
17
Verizon
VZ
$192B
| $206M | 0.78% |
3,731,610
+166,154
| +5% | +$9.35M |
2013 Q2
28 quarters
|
|
18
iShares Russell Mid-Cap Growth ETF
IWP
$18.2B
| $205M | 0.78% |
2,597,246
-90,386
| -3% | -$6.56M |
2013 Q2
28 quarters
|
|
|
19
SPDR Gold Trust
GLD
$130B
| $203M | 0.76% |
1,210,472
+239,101
| +25% | +$38.6M |
2013 Q2
28 quarters
|
|
20
iShares Core S&P Small-Cap ETF
IJR
$106B
| $199M | 0.75% |
2,910,670
+91,255
| +3% | +$5.76M |
2013 Q2
28 quarters
|
|
21
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $189M | 0.71% |
4,761,922
-182,976
| -4% | -$6.77M |
2013 Q2
28 quarters
|
|
22
AT&T
T
$149B
| $182M | 0.69% |
7,959,630
+356,510
| +5% | +$8.12M |
2013 Q2
28 quarters
|
|
23
Vanguard Morningstar Value ETF
VTV
$197B
| $174M | 0.66% |
1,749,332
-152,690
| -8% | -$15M |
2013 Q2
28 quarters
|
|
24
iShares S&P 500 Growth ETF
IVW
$73.4B
| $173M | 0.65% |
3,336,044
+159,268
| +5% | +$7.63M |
2013 Q2
28 quarters
|
|
25
Procter & Gamble
PG
$394B
| $173M | 0.65% |
1,444,682
+83,071
| +6% | +$9.7M |
2013 Q2
28 quarters
|
|
Similar funds
Commonwealth Equity Services's Q2 2020 Portfolio in Review
As of Q2 2020, Commonwealth Equity Services held 3,068 positions worth $26.5B, up 23% from $21.5B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Commonwealth Equity Services deployed $1.13B of net new capital in Q2 2020, opening 254 new positions and adding to 1,445 existing holdings. Its largest new stake was FS KKR Capital Corp. II: 6,006,371 shares worth $77.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 58% of assets, down from 59% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 20+ Year Treasury Bond ETF, an estimated $26.2M trimmed.
- Commonwealth Equity Services's largest Q2 2020 buy was FS KKR Capital Corp. II: 6,006,371 shares worth $77.4M.
- Commonwealth Equity Services added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2020, an estimated $54.6M increase.
- Commonwealth Equity Services's biggest Q2 2020 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $26.2M.
- Commonwealth Equity Services fully exited Raytheon Company in Q2 2020, selling an estimated $16.1M.
- Commonwealth Equity Services's ten largest holdings make up 19% of its $26.5B portfolio in Q2 2020.
- Commonwealth Equity Services opened 254 new positions and closed 120 in Q2 2020.
- Commonwealth Equity Services's portfolio value rose 23% quarter-over-quarter to $26.5B.
Based on Commonwealth Equity Services's 13F filing for Q2 2020, filed 12 Aug 2020.