Advisory Services Network, LLC
Long book
$7.52B
Q1 2026
Positions
4832
Top-10 weight
19%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
63%
of book per quarter
Strategy in plain words
auto-generated from filingsAdvisory Services Network, LLC is a mechanically diversified allocator, running a $7.52B US long book across 4832 positions.
The portfolio is broadly diversified across 4832 positions (top 10 only 19%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: APPLE INC, NVIDIA CORP, WALMART INC, ISHARES CORE S&P 500 ETF, QUANTA SERVICES INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+5.6%
Q3 2024
+1.4%
Q4 2024
-3.4%
Q1 2025
+10.1%
Q2 2025
+8.3%
Q3 2025
+2.1%
Q4 2025
-0.7%
Q1 2026
+12.4%
Sector allocation
Technology 33%
Industrials 15%
Consumer discretionary 12%
Financials 10%
Healthcare 7%
Energy 5%
Utilities 4%
Services media 4%
Long book by quarter
What does Advisory Services own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 877.9K | $222.8M | 3.0% | +1.9% |
| NVDA NVIDIA CORP | Technology | 1.2M | $216.8M | 2.9% | -1.3% |
| WMT WALMART INC | Consumer discretionary | 1.3M | $155.9M | 2.1% | -2.1% |
| PWR QUANTA SERVICES INC | Industrials | 229.7K | $126.1M | 1.7% | +838.6% |
| MSFT MICROSOFT CORP | Technology | 304.8K | $112.8M | 1.5% | +9.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 538.3K | $112.1M | 1.5% | +2.6% |
| GOOGL ALPHABET INC-CL A | Technology | 265.5K | $76.3M | 1.0% | +1.8% |
| AVGO BROADCOM INC | Technology | 227.3K | $70.3M | 0.9% | -2.9% |
| JPM JPMORGAN CHASE & CO | Financials | 178.1K | $52.4M | 0.7% | +3.6% |
| LLY ELI LILLY & CO | Healthcare | 50.7K | $46.6M | 0.6% | +0.2% |
| XOM EXXON MOBIL CORP | Energy | 273.4K | $46.4M | 0.6% | +12.3% |
| META META PLATFORMS INC-CLASS A | Technology | 80.9K | $46.3M | 0.6% | +0.9% |
| GOOG ALPHABET INC-CL C | Technology | 148.6K | $42.6M | 0.6% | +3.4% |
| TSLA TESLA INC | Industrials | 99.2K | $36.9M | 0.5% | +5.9% |
| LRCX LAM RESEARCH CORP | Industrials | 165.1K | $35.3M | 0.5% | -0.7% |
| CVX CHEVRON CORP | Energy | 167.6K | $34.7M | 0.5% | +9.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 230.4K | $33.7M | 0.4% | -5.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 67.9K | $32.5M | 0.4% | +5.6% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 68.4K | $32.4M | 0.4% | +0.6% |
| GEV GE VERNOVA INC | Industrials | 34.0K | $29.6M | 0.4% | +4.2% |
| CAT CATERPILLAR INC | Industrials | 40.8K | $28.9M | 0.4% | +7.8% |
| ABBV ABBVIE INC | Healthcare | 118.3K | $25.7M | 0.3% | -7.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 25.4K | $25.4M | 0.3% | +2.8% |
| MU MICRON TECHNOLOGY INC | Technology | 72.0K | $24.3M | 0.3% | -2.7% |
| CSCO CISCO SYSTEMS INC | Technology | 287.7K | $22.3M | 0.3% | -1.1% |
| MA MASTERCARD INC - A | Services media | 43.7K | $21.8M | 0.3% | 0.0% |
| ANET ARISTA NETWORKS INC | Technology | 176.8K | $21.7M | 0.3% | +0.6% |
| AMAT APPLIED MATERIALS INC | Technology | 62.7K | $21.4M | 0.3% | +16.0% |
| V VISA INC-CLASS A SHARES | Services media | 70.7K | $21.4M | 0.3% | +4.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 86.1K | $21.0M | 0.3% | +0.3% |
| NFLX NETFLIX INC | Services media | 201.0K | $19.3M | 0.3% | +4.4% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 49.3K | $19.3M | 0.3% | +2.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 383.9K | $19.3M | 0.3% | +2.3% |
| HD HOME DEPOT INC | Consumer discretionary | 57.2K | $18.8M | 0.3% | -1.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 89.6K | $18.2M | 0.2% | -8.4% |
| KLAC KLA CORP | Other | 12.0K | $17.7M | 0.2% | -0.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 72.5K | $17.6M | 0.2% | +4.0% |
| COP CONOCOPHILLIPS | Energy | 131.2K | $17.3M | 0.2% | -2.8% |
| MRK MERCK & CO. INC. | Healthcare | 143.3K | $17.2M | 0.2% | +5.0% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 52.6K | $17.2M | 0.2% | -0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 116.7K | $16.9M | 0.2% | -8.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 95.8K | $15.8M | 0.2% | +7.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 40.3K | $15.7M | 0.2% | -9.2% |
| ORCL ORACLE CORP | Technology | 104.9K | $15.4M | 0.2% | +15.7% |
| GE GENERAL ELECTRIC | Industrials | 53.2K | $15.1M | 0.2% | +5.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 24.9K | $15.1M | 0.2% | -10.1% |
| NEE NEXTERA ENERGY INC | Utilities | 162.0K | $15.0M | 0.2% | -8.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 47.6K | $14.8M | 0.2% | -2.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 13039 | $7.52B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 6495 | $7.07B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 18, 2025 | 10819 | $6.82B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 19, 2025 | 6490 | $6.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 5796 | $5.20B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 5609 | $5.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4719 | $4.84B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 4719 | $4.84B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 4260 | $4.51B | canonical | SEC ↗ |
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