STEPHENS INC /AR/
Long book
$7.99B
Q1 2026
Positions
1311
Top-10 weight
20%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsSTEPHENS INC /AR/ is a mechanically diversified allocator, running a $7.99B US long book across 1311 positions.
The portfolio is broadly diversified across 1311 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, APPLE INC, WALMART INC, INVESCO QQQ TRUST SERIES 1, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.9pp 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
+0.7%
Q2 2024
+6.6%
Q3 2024
+1.5%
Q4 2024
-2.8%
Q1 2025
+8.1%
Q2 2025
+6.6%
Q3 2025
+2.5%
Q4 2025
-1.4%
Q1 2026
+10.3%
Sector allocation
Technology 30%
Consumer discretionary 14%
Financials 14%
Industrials 10%
Healthcare 8%
Utilities 6%
Energy 4%
Other 4%
Long book by quarter
What does STEPHENS INC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 816.7K | $207.9M | 2.6% | -2.5% |
| WMT WALMART INC | Consumer discretionary | 1.5M | $191.5M | 2.4% | +6.7% |
| NVDA NVIDIA CORP | Technology | 810.4K | $141.9M | 1.8% | +3.1% |
| MSFT MICROSOFT CORP | Technology | 382.3K | $141.7M | 1.8% | +5.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 652.5K | $136.2M | 1.7% | +9.0% |
| AVGO BROADCOM INC | Technology | 411.3K | $127.6M | 1.6% | +2.1% |
| JPM JPMORGAN CHASE & CO | Financials | 424.1K | $125.1M | 1.6% | +2.2% |
| GOOGL ALPHABET INC-CL A | Technology | 342.3K | $98.7M | 1.2% | +0.2% |
| GOOG ALPHABET INC-CL C | Technology | 309.6K | $88.9M | 1.1% | -5.5% |
| KRUS KURA SUSHI USA INC-CLASS A | Consumer discretionary | 1.1M | $77.3M | 1.0% | +31.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 81.3K | $68.8M | 0.9% | +6.7% |
| META META PLATFORMS INC-CLASS A | Technology | 101.2K | $58.1M | 0.7% | +8.4% |
| CVX CHEVRON CORP | Energy | 268.0K | $55.5M | 0.7% | +2.9% |
| XOM EXXON MOBIL CORP | Energy | 311.9K | $53.0M | 0.7% | -11.0% |
| MA MASTERCARD INC - A | Services media | 91.6K | $45.8M | 0.6% | +0.7% |
| DUK DUKE ENERGY CORP | Utilities | 345.7K | $45.3M | 0.6% | +12.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 174.3K | $42.6M | 0.5% | -8.3% |
| AMGN AMGEN INC | Healthcare | 114.5K | $40.6M | 0.5% | +8.6% |
| CAT CATERPILLAR INC | Industrials | 56.3K | $39.9M | 0.5% | -3.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 264.7K | $39.1M | 0.5% | +4.6% |
| CSCO CISCO SYSTEMS INC | Technology | 483.6K | $37.7M | 0.5% | -0.3% |
| V VISA INC-CLASS A SHARES | Services media | 122.2K | $37.0M | 0.5% | -1.0% |
| NEM NEWMONT CORP | Materials | 324.4K | $35.1M | 0.4% | +6.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 72.2K | $34.7M | 0.4% | +6.4% |
| LLY ELI LILLY & CO | Healthcare | 36.9K | $34.1M | 0.4% | -1.3% |
| BX BLACKSTONE INC | Financials | 291.8K | $33.6M | 0.4% | -1.5% |
| MRK MERCK & CO. INC. | Healthcare | 272.9K | $33.2M | 0.4% | -20.2% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 56.1K | $33.0M | 0.4% | +9.3% |
| APH AMPHENOL CORP-CL A | Technology | 246.4K | $31.1M | 0.4% | -1.4% |
| ABBV ABBVIE INC | Healthcare | 142.0K | $30.9M | 0.4% | -5.6% |
| PEP PEPSICO INC | Consumer staples | 173.3K | $27.3M | 0.3% | +29.5% |
| ET ENERGY TRANSFER LP | Utilities | 1.4M | $26.6M | 0.3% | -0.1% |
| WM WASTE MANAGEMENT INC | Utilities | 115.6K | $26.6M | 0.3% | -3.4% |
| LOW LOWE'S COS INC | Consumer discretionary | 110.5K | $26.1M | 0.3% | -0.2% |
| MDT MEDTRONIC PLC | Healthcare | 284.9K | $24.8M | 0.3% | +6.5% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 632.5K | $23.9M | 0.3% | +4.5% |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 109.9K | $23.3M | 0.3% | -0.2% |
| LMT LOCKHEED MARTIN CORP | Industrials | 38.5K | $23.3M | 0.3% | +0.2% |
| BAC BANK OF AMERICA CORP | Financials | 475.9K | $23.3M | 0.3% | -0.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 72.4K | $22.8M | 0.3% | +2.6% |
| KO COCA-COLA CO/THE | Consumer staples | 292.5K | $22.7M | 0.3% | -2.4% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 197.2K | $22.0M | 0.3% | +0.8% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 304.4K | $21.5M | 0.3% | -10.5% |
| ARCC ARES CAPITAL CORP | — | 1.2M | $21.3M | 0.3% | +4.2% |
| HD HOME DEPOT INC | Consumer discretionary | 63.7K | $21.1M | 0.3% | -0.2% |
| ETN EATON CORP PLC | Industrials | 58.5K | $21.1M | 0.3% | +6.2% |
| TSLA TESLA INC | Industrials | 51.1K | $20.3M | 0.3% | -4.2% |
| GE GENERAL ELECTRIC | Industrials | 69.4K | $19.7M | 0.2% | +25.1% |
| QCOM QUALCOMM INC | Technology | 150.9K | $19.6M | 0.2% | -1.2% |
| RTX RTX CORP | Industrials | 100.5K | $19.5M | 0.2% | -3.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 1311 | $7.99B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 1300 | $8.04B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 1321 | $7.85B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 1274 | $7.28B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 1236 | $6.82B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 1269 | $7.13B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 1291 | $7.05B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 1272 | $6.56B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1310 | $6.45B | canonical | SEC ↗ |
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