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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
+8.08%
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
$41.6B
AUM Growth
+$2.78B
(+7.2%)
Cap. Flow
+$1.7B
Cap. Flow % of AUM
Cap. Flow %
4.09%
Top 10 Holdings %
Top 10 Hldgs %
16.13%
Holding
3,882
New
219
Increased
1,735
Reduced
1,600
Closed
179
Avg Time Held
4.8
years
Top 10 Avg Time Held
5.7
years
Top 20 Avg Time Held
5.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$50.6M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$49.6M |
| 3 |
Schwab US Dividend Equity ETF
SCHD
|
+$49.4M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$46.1M |
| 5 |
First Trust Enhanced Short Maturity ETF
FTSM
|
+$42.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$30.9M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$23.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$18.6M |
| 4 |
Apple
AAPL
|
+$16.4M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$16.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.32% |
| 2 | Technology | 9.27% |
| 3 | Financials | 5.68% |
| 4 | Healthcare | 5.44% |
| 5 | Consumer Discretionary | 3.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.16T
| $1.55B | 3.73% |
11,940,586
-114,941
| -1% | -$16.4M |
2013 Q2
38 quarters
|
|
|
2
iShares Core S&P 500 ETF
IVV
$878B
| $889M | 2.14% |
2,313,134
+119,387
| +5% | +$46.1M |
2013 Q2
38 quarters
|
|
3
Microsoft
MSFT
$3.88T
| $771M | 1.85% |
3,213,121
+30,240
| +1% | +$7.26M |
2013 Q2
38 quarters
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| $681M | 1.64% |
1,779,885
+32,231
| +2% | +$12.4M |
2013 Q2
38 quarters
|
|
5
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $536M | 1.29% |
12,780,674
+82,756
| +0.7% | +$3.35M |
2013 Q2
38 quarters
|
|
6
Invesco QQQ Trust
QQQ
$467B
| $521M | 1.25% |
1,957,127
-56,533
| -3% | -$15.6M |
2013 Q2
38 quarters
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.25T
| $455M | 1.09% |
1,472,144
+14,229
| +1% | +$4.23M |
2013 Q2
38 quarters
|
|
8
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
| $448M | 1.08% |
2,342,995
+180,322
| +8% | +$34.8M |
2013 Q2
38 quarters
|
|
9
iShares Russell 1000 Growth ETF
IWF
$119B
| $441M | 1.06% |
8,225,992
+255,288
| +3% | +$14M |
2013 Q2
38 quarters
|
|
10
Amazon
AMZN
$2.89T
| $416M | 1% |
4,949,455
+47,367
| +1% | +$4.68M |
2013 Q2
38 quarters
|
|
11
Vanguard Morningstar Value ETF
VTV
$197B
| $403M | 0.97% |
2,874,128
+82,044
| +3% | +$11.3M |
2013 Q2
38 quarters
|
|
12
iShares Core Dividend Growth ETF
DGRO
$45.8B
| $377M | 0.91% |
7,538,759
+642,123
| +9% | +$31.5M |
2015 Q1
31 quarters
|
|
13
Vanguard S&P 500 ETF
VOO
$1.05T
| $370M | 0.89% |
1,054,485
+56,289
| +6% | +$19.9M |
2013 Q2
38 quarters
|
|
14
Vanguard Dividend Appreciation ETF
VIG
$118B
| $363M | 0.87% |
2,390,246
+106,796
| +5% | +$15.9M |
2013 Q2
38 quarters
|
|
15
Vanguard Morningstar Growth ETF
VUG
$221B
| $327M | 0.79% |
9,215,112
+409,602
| +5% | +$15.1M |
2013 Q2
38 quarters
|
|
16
iShares Russell 1000 Value ETF
IWD
$84.7B
| $323M | 0.78% |
2,132,301
+39,289
| +2% | +$5.88M |
2013 Q2
38 quarters
|
|
17
Johnson & Johnson
JNJ
$683B
| $313M | 0.75% |
1,769,186
+26,167
| +2% | +$4.52M |
2013 Q2
38 quarters
|
|
18
iShares Core S&P Small-Cap ETF
IJR
$106B
| $309M | 0.74% |
3,263,083
+109,437
| +3% | +$10.5M |
2013 Q2
38 quarters
|
|
|
19
Schwab US Dividend Equity ETF
SCHD
$122B
| $266M | 0.64% |
10,566,744
+2,003,250
| +23% | +$49.4M |
2014 Q1
35 quarters
|
|
20
ExxonMobil
XOM
$693B
| $264M | 0.64% |
2,397,043
-100,898
| -4% | -$10.8M |
2013 Q2
38 quarters
|
|
21
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $262M | 0.63% |
5,417,185
+388,245
| +8% | +$18.8M |
2013 Q2
38 quarters
|
|
22
iShares Russell Mid-Cap Value ETF
IWS
$15B
| $247M | 0.59% |
2,343,248
+29,300
| +1% | +$3.07M |
2013 Q2
38 quarters
|
|
23
Procter & Gamble
PG
$389B
| $244M | 0.59% |
1,611,832
+10,217
| +0.6% | +$1.43M |
2013 Q2
38 quarters
|
|
24
Vanguard High Dividend Yield ETF
VYM
$84B
| $237M | 0.57% |
2,190,148
+159,445
| +8% | +$17M |
2013 Q2
38 quarters
|
|
25
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $236M | 0.57% |
6,045,991
+283,790
| +5% | +$10.8M |
2013 Q2
38 quarters
|
|
Similar funds
Commonwealth Equity Services's Q4 2022 Portfolio in Review
As of Q4 2022, Commonwealth Equity Services held 3,882 positions worth $41.6B, up 7.2% from $38.8B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Commonwealth Equity Services deployed $1.7B of net new capital in Q4 2022, opening 219 new positions and adding to 1,735 existing holdings. Its largest new stake was FS Credit Opportunities Corp: 5,433,129 shares worth $25.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 60% of assets, up from 57% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $30.9M trimmed.
- Commonwealth Equity Services's largest Q4 2022 buy was FS Credit Opportunities Corp: 5,433,129 shares worth $25.6M.
- Commonwealth Equity Services added most to iShares Core US Aggregate Bond ETF in Q4 2022, an estimated $50.6M increase.
- Commonwealth Equity Services's biggest Q4 2022 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $30.9M.
- Commonwealth Equity Services fully exited Invesco BulletShares 2022 Corporate Bond ETF in Q4 2022, selling an estimated $15.2M.
- Commonwealth Equity Services's ten largest holdings make up 16% of its $41.6B portfolio in Q4 2022.
- Commonwealth Equity Services opened 219 new positions and closed 179 in Q4 2022.
- Commonwealth Equity Services's portfolio value rose 7.2% quarter-over-quarter to $41.6B.
Based on Commonwealth Equity Services's 13F filing for Q4 2022, filed 7 Feb 2023.