COMMONWEALTH EQUITY SERVICES, LLC
Long book
$71.59B
Q1 2026
Positions
4299
Top-10 weight
17%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsCOMMONWEALTH EQUITY SERVICES, LLC is a wealth-management firm allocating client money, running a $71.59B US long book across 4299 positions.
The portfolio is broadly diversified across 4299 positions (top 10 only 17%). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ISHARES CORE S&P 500 ETF, NVIDIA CORP, MICROSOFT CORP, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 0.4pp 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
+2.7%
Q2 2024
+6.2%
Q3 2024
+1.0%
Q4 2024
-2.6%
Q1 2025
+8.8%
Q2 2025
+7.6%
Q3 2025
+2.4%
Q4 2025
-1.7%
Q1 2026
+12.1%
Sector allocation
Technology 38%
Industrials 12%
Financials 11%
Consumer discretionary 11%
Healthcare 8%
Utilities 5%
Energy 4%
Services media 3%
Long book by quarter
What does COMMONWEALTH EQUITY own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 9.0M | $2.27B | 3.2% | -7.1% |
| NVDA NVIDIA CORP | Technology | 9.1M | $1.58B | 2.2% | -7.5% |
| MSFT MICROSOFT CORP | Technology | 3.0M | $1.12B | 1.6% | -3.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.4M | $915.4M | 1.3% | -6.7% |
| GOOGL ALPHABET INC-CL A | Technology | 2.2M | $618.9M | 0.9% | -4.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1M | $530.4M | 0.7% | -20.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.6M | $451.6M | 0.6% | -7.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.4M | $415.4M | 0.6% | -9.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 356.9K | $355.6M | 0.5% | -2.3% |
| XOM EXXON MOBIL CORP | Energy | 2.1M | $354.0M | 0.5% | -3.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.3M | $312.0M | 0.4% | -5.0% |
| TSLA TESLA INC | Industrials | 834.6K | $310.3M | 0.4% | -5.1% |
| META META PLATFORMS INC-CLASS A | Technology | 534.8K | $306.0M | 0.4% | -6.4% |
| AVGO BROADCOM INC | Technology | 984.8K | $304.8M | 0.4% | -9.9% |
| LLY ELI LILLY & CO | Healthcare | 303.3K | $279.0M | 0.4% | -3.5% |
| WMT WALMART INC | Consumer discretionary | 2.1M | $255.5M | 0.4% | -5.8% |
| CAT CATERPILLAR INC | Industrials | 329.8K | $233.7M | 0.3% | -7.2% |
| CVX CHEVRON CORP | Energy | 1.1M | $226.9M | 0.3% | -1.8% |
| ABBV ABBVIE INC | Healthcare | 1.0M | $217.6M | 0.3% | -3.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.5M | $215.8M | 0.3% | +1.7% |
| NEE NEXTERA ENERGY INC | Utilities | 2.2M | $203.6M | 0.3% | -1.6% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.4M | $201.6M | 0.3% | -5.7% |
| V VISA INC-CLASS A SHARES | Services media | 630.9K | $190.7M | 0.3% | -10.6% |
| HD HOME DEPOT INC | Consumer discretionary | 565.7K | $186.0M | 0.3% | -4.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 3.5M | $177.5M | 0.2% | -6.8% |
| RTX RTX CORP | Industrials | 827.9K | $159.7M | 0.2% | -4.3% |
| MRK MERCK & CO. INC. | Healthcare | 1.2M | $147.1M | 0.2% | -6.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 602.1K | $145.9M | 0.2% | -2.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 463.6K | $144.1M | 0.2% | -3.0% |
| NFLX NETFLIX INC | Services media | 1.5M | $139.7M | 0.2% | -2.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 4299 | $71.59B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 4271 | $75.01B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 4234 | $77.20B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 4248 | $75.71B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 4172 | $70.66B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 4087 | $68.40B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 4055 | $65.97B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 4033 | $63.17B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 4019 | $60.18B | $K fixed canonical | SEC ↗ |