Hughes Financial Services, LLC
Long book
$650.9M
Q1 2026
Positions
1720
Top-10 weight
77%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsHughes Financial Services, LLC is a wealth-management firm allocating client money, running a $650.9M US long book across 1720 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SS SPDR P S&P 1500 COMP ETF, JPMORGAN CORE PLUS BOND ETF, JPMORGAN INT RES ENH EQTY, JPMORGAN US QUALITY FACTOR, ISHARES MSCI EMR MRK EX CHNA.
Over the last 6 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
-1.1%
Q1 2025
+8.5%
Q2 2025
+6.0%
Q3 2025
+2.7%
Q4 2025
-1.1%
Q1 2026
+11.9%
Sector allocation
Technology 31%
Financials 18%
Industrials 10%
Consumer discretionary 9%
Utilities 9%
Healthcare 6%
Energy 4%
Consumer staples 4%
Long book by quarter
What does Hughes Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 8.4K | $2.1M | 0.3% | +1.8% |
| NVDA NVIDIA CORP | Technology | 6.4K | $1.1M | 0.2% | +34.9% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 3.2K | $1.1M | 0.2% | +2.5% |
| JPM JPMORGAN CHASE & CO | Financials | 3.6K | $1.1M | 0.2% | +19.1% |
| MSFT MICROSOFT CORP | Technology | 2.2K | $823K | 0.1% | +6.4% |
| GOOG ALPHABET INC-CL C | Technology | 2.3K | $666K | 0.1% | +28.3% |
| XOM EXXON MOBIL CORP | Energy | 3.7K | $636K | 0.1% | +1.2% |
| D DOMINION ENERGY INC | Utilities | 10.0K | $620K | 0.1% | +5.2% |
| KO COCA-COLA CO/THE | Consumer staples | 7.3K | $558K | 0.1% | +2.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1K | $539K | 0.1% | -6.1% |
| FULT FULTON FINANCIAL CORP | Financials | 25.2K | $514K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4K | $510K | 0.1% | +53.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.3K | $408K | 0.1% | +0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 1.2K | $355K | 0.1% | +4.9% |
| LLY ELI LILLY & CO | Healthcare | 374 | $344K | 0.1% | +1.1% |
| HD HOME DEPOT INC | Consumer discretionary | 1.0K | $332K | 0.1% | +3.6% |
| GE GENERAL ELECTRIC | Industrials | 1.1K | $313K | 0.0% | +14.3% |
| AVGO BROADCOM INC | Technology | 959 | $297K | 0.0% | +6.3% |
| META META PLATFORMS INC-CLASS A | Technology | 511 | $292K | 0.0% | +24.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 279 | $278K | 0.0% | +4.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 460 | $278K | 0.0% | +1.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 5.4K | $273K | 0.0% | +5.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 555 | $273K | 0.0% | +0.4% |
| CVX CHEVRON CORP | Energy | 1.3K | $259K | 0.0% | +3.0% |
| GEV GE VERNOVA INC | Industrials | 273 | $238K | 0.0% | +14.2% |
| CSCO CISCO SYSTEMS INC | Technology | 3.0K | $234K | 0.0% | +12.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 952 | $233K | 0.0% | +20.1% |
| DUK DUKE ENERGY CORP | Utilities | 1.7K | $228K | 0.0% | +0.7% |
| T AT&T INC | Communications | 7.6K | $219K | 0.0% | +8.2% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 1.0K | $218K | 0.0% | +0.5% |
| YUM YUM! BRANDS INC | Consumer discretionary | 1.3K | $200K | 0.0% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.4K | $199K | 0.0% | +3.2% |
| NOC NORTHROP GRUMMAN CORP | Technology | 291 | $199K | 0.0% | +1840.0% |
| NVR NVR INC | Industrials | 30 | $198K | 0.0% | +7.1% |
| TSLA TESLA INC | Industrials | 510 | $190K | 0.0% | +6.5% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 554 | $181K | 0.0% | +0.7% |
| ORCL ORACLE CORP | Technology | 1.2K | $181K | 0.0% | +0.9% |
| AMAT APPLIED MATERIALS INC | Technology | 527 | $180K | 0.0% | +6.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.2K | $174K | 0.0% | +4.3% |
| WMT WALMART INC | Consumer discretionary | 1.4K | $171K | 0.0% | +51.9% |
| CRM SALESFORCE INC | Technology | 893 | $167K | 0.0% | +7.5% |
| PEP PEPSICO INC | Consumer staples | 1.1K | $166K | 0.0% | -19.3% |
| SRE SEMPRA | Utilities | 1.7K | $166K | 0.0% | +0.5% |
| WM WASTE MANAGEMENT INC | Utilities | 720 | $166K | 0.0% | +1.0% |
| CAT CATERPILLAR INC | Industrials | 223 | $158K | 0.0% | +1.8% |
| NFLX NETFLIX INC | Services media | 1.5K | $148K | 0.0% | +66.1% |
| RTX RTX CORP | Industrials | 767 | $148K | 0.0% | +2.1% |
| SW SMURFIT WESTROCK PLC | Other | 3.6K | $142K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 1720 | $650.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 1276 | $636.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1034 | $628.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 1035 | $582.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 1071 | $511.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 65 | $486.7M | canonical | SEC ↗ |