# Hughes Financial Services, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2054465. Source: https://holderbook.com/funds/2054465-hughes-financial-services-llc/

- Reported value: $754.5M
- Positions: 1,839
- Weight of the ten largest: 77.8%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $157.1M | 1,730,399 | 20.8% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $76.1M | 1,620,206 | 10.1% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $74.8M | 907,369 | 9.9% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $73.1M | 1,011,274 | 9.7% | 6 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $66.3M | 647,996 | 8.8% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JTEK](https://holderbook.com/stocks/JTEK/) | $42.6M | 381,610 | 5.6% | 6 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $36.6M | 483,103 | 4.9% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JPIB](https://holderbook.com/stocks/JPIB/) | $23.9M | 495,030 | 3.2% | 6 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $20.8M | 808,835 | 2.8% | 7 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $16.0M | 552,224 | 2.1% | 1 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $12.5M | 56,740 | 1.7% | 7 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $12.2M | 148,814 | 1.6% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $10.6M | 179,076 | 1.4% | 1 |
| VANGUARD WELLINGTON FD | [VTES](https://holderbook.com/stocks/VTES/) | $8.2M | 81,423 | 1.1% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $8.1M | 96,411 | 1.1% | 7 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $8.0M | 42,984 | 1.1% | 7 |
| J P MORGAN EXCHANGE TRADED F | [HELO](https://holderbook.com/stocks/HELO/) | $6.9M | 101,615 | 0.9% | 7 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $6.3M | 124,710 | 0.8% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $5.2M | 22,148 | 0.7% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.2M | 73,369 | 0.7% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $4.9M | 97,587 | 0.7% | 7 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $4.2M | 73,090 | 0.6% | 7 |
| SPDR SERIES TRUST | [FITE](https://holderbook.com/stocks/FITE/) | $4.0M | 36,021 | 0.5% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.6M | 4,773 | 0.5% | 7 |
| GOLDMAN SACHS ETF TR | [GINN](https://holderbook.com/stocks/GINN/) | $3.3M | 41,463 | 0.4% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.8M | 3,764 | 0.4% | 7 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $2.7M | 24,304 | 0.4% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 9,077 | 0.3% | 7 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $2.3M | 102,916 | 0.3% | 7 |
| ISHARES TR | [IBTI](https://holderbook.com/stocks/IBTI/) | $2.3M | 103,191 | 0.3% | 6 |
| ISHARES TR | [IBTJ](https://holderbook.com/stocks/IBTJ/) | $2.2M | 102,834 | 0.3% | 3 |
| ISHARES TR | [IBTK](https://holderbook.com/stocks/IBTK/) | $2.2M | 110,044 | 0.3% | 3 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $1.8M | 80,018 | 0.2% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.8M | 30,095 | 0.2% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.5M | 7,295 | 0.2% | 7 |
| SPDR SERIES TRUST | [KOMP](https://holderbook.com/stocks/KOMP/) | $1.3M | 18,329 | 0.2% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,713 | 0.2% | 7 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.2M | 7,397 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.2M | 14,046 | 0.2% | 7 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $1.1M | 3,245 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.0M | 3,349 | 0.1% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $943.4K | 2,529 | 0.1% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $920.1K | 2,604 | 0.1% | 7 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $898.6K | 10,225 | 0.1% | 6 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $879.8K | 16,991 | 0.1% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $757.0K | 3,176 | 0.1% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $687.7K | 10,071 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $613.0K | 1,225 | 0.1% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $611.6K | 7,525 | 0.1% | 7 |
| FULTON FINL CORP PA | [FULT](https://holderbook.com/stocks/FULT/) | $610.7K | 25,247 | 0.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $567.1K | 1,587 | 0.1% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $530.8K | 443 | 0.1% | 7 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $496.7K | 3,633 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $485.8K | 1,286 | 0.1% | 6 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $456.4K | 4,439 | 0.1% | 7 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $402.5K | 4,579 | 0.1% | 6 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $401.3K | 555 | 0.1% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $374.5K | 3,188 | 0.0% | 6 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $370.5K | 321 | 0.0% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $368.9K | 1,046 | 0.0% | 7 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $359.5K | 962 | 0.0% | 6 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $356.1K | 6,512 | 0.0% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $355.2K | 1,314 | 0.0% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $340.9K | 605 | 0.0% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $293.1K | 398 | 0.0% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $289.7K | 2,558 | 0.0% | 7 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $279.8K | 558 | 0.0% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $277.6K | 1,872 | 0.0% | 7 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $269.0K | 229 | 0.0% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $267.1K | 1,052 | 0.0% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $261.2K | 621 | 0.0% | 6 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $261.0K | 1,060 | 0.0% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $259.2K | 277 | 0.0% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $257.7K | 242 | 0.0% | 6 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $245.7K | 667 | 0.0% | 5 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $236.9K | 465 | 0.0% | 6 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $228.5K | 928 | 0.0% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $228.1K | 893 | 0.0% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $227.9K | 5,384 | 0.0% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $224.7K | 1,775 | 0.0% | 6 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $217.3K | 374 | 0.0% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $214.8K | 1,296 | 0.0% | 6 |
| ISHARES TR | [IBMP](https://holderbook.com/stocks/IBMP/) | $210.2K | 8,270 | 0.0% | 6 |
| SPDR SERIES TRUST | [LGLV](https://holderbook.com/stocks/LGLV/) | $209.6K | 1,155 | 0.0% | 6 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $208.6K | 563 | 0.0% | 6 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $207.5K | 1,298 | 0.0% | 6 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $204.4K | 30 | 0.0% | 7 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $204.2K | 401 | 0.0% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $194.0K | 1,324 | 0.0% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $188.7K | 1,287 | 0.0% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $188.3K | 509 | 0.0% | 6 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $175.1K | 1,501 | 0.0% | 6 |
| ISHARES TR | [IBMQ](https://holderbook.com/stocks/IBMQ/) | $172.9K | 6,761 | 0.0% | 6 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $171.1K | 86 | 0.0% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $169.3K | 602 | 0.0% | 6 |
| INVESCO EXCH TRD SLF IDX FD | [IUS](https://holderbook.com/stocks/IUS/) | $167.4K | 2,553 | 0.0% | 6 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $165.4K | 3,575 | 0.0% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $164.6K | 654 | 0.0% | 6 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $162.6K | 729 | 0.0% | 6 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $162.0K | 1,747 | 0.0% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.5% | +14.8% | -2.3% | 100% |
| Q1 2026 | -1.4% | -4.6% | +3.3% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 98% |
| Q3 2025 | +5.5% | +7.8% | -2.3% | 99% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $754.5M | 1,839 |
| Q1 2026 | $650.9M | 1,720 |
| Q4 2025 | $636.7M | 1,276 |
| Q3 2025 | $628.6M | 1,034 |
| Q2 2025 | $582.2M | 1,033 |
| Q1 2025 | $511.2M | 1,059 |
| Q4 2024 | $486.7M | 65 |