# COMMONWEALTH EQUITY SERVICES, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 312272. Source: https://holderbook.com/funds/312272-commonwealth-equity-services-llc/

- Reported value: $79.5B
- Positions: 4,415
- Weight of the ten largest: 17.0%
- Filed: 2026-07-29

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.5B | 8,527,911 | 3.1% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.0B | 2,667,178 | 2.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7B | 8,601,787 | 2.2% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.2B | 1,663,168 | 1.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.2B | 16,668,145 | 1.5% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1B | 1,485,119 | 1.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.1B | 2,877,386 | 1.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $982.6M | 4,122,704 | 1.2% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $903.5M | 1,315,456 | 1.1% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $833.7M | 6,714,484 | 1.0% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $787.9M | 9,146,871 | 1.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $732.2M | 2,048,965 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $710.6M | 1,920,318 | 0.9% | 31 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $673.6M | 13,667,917 | 0.8% | 18 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $658.4M | 13,948,665 | 0.8% | 18 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $593.4M | 2,722,879 | 0.7% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $548.4M | 7,235,888 | 0.7% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $544.8M | 2,302,544 | 0.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $535.5M | 1,070,077 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $524.1M | 1,483,277 | 0.7% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $459.5M | 5,668,806 | 0.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $438.2M | 1,338,645 | 0.6% | 31 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $430.9M | 1,422,385 | 0.5% | 23 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $424.3M | 3,084,786 | 0.5% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $413.6M | 344,848 | 0.5% | 31 |
| PUTNAM ETF TRUST | [PVAL](https://holderbook.com/stocks/PVAL/) | $406.4M | 7,976,865 | 0.5% | 17 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $388.2M | 1,601,482 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $371.2M | 8,368,847 | 0.5% | 21 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $367.0M | 2,474,395 | 0.5% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $363.3M | 961,801 | 0.5% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $358.2M | 2,266,781 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $352.7M | 5,908,901 | 0.4% | 31 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $346.2M | 9,477,811 | 0.4% | 24 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $334.1M | 4,912,649 | 0.4% | 24 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $332.6M | 4,313,184 | 0.4% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $331.3M | 787,760 | 0.4% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $330.0M | 309,841 | 0.4% | 31 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $324.8M | 2,218,307 | 0.4% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $319.5M | 341,591 | 0.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $317.3M | 1,249,344 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $316.6M | 3,928,916 | 0.4% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $313.8M | 271,845 | 0.4% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $307.5M | 1,868,064 | 0.4% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $307.1M | 1,611,687 | 0.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $304.6M | 9,607,085 | 0.4% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $302.2M | 2,808,282 | 0.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $302.2M | 820,221 | 0.4% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $297.1M | 5,895,171 | 0.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $288.9M | 512,963 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $288.2M | 950,658 | 0.4% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $277.4M | 2,028,659 | 0.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $274.8M | 2,845,616 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $270.8M | 1,272,576 | 0.3% | 31 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $269.2M | 6,707,611 | 0.3% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $266.0M | 457,923 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $261.6M | 2,046,952 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $245.4M | 975,105 | 0.3% | 31 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $240.7M | 828,066 | 0.3% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $234.4M | 3,104,618 | 0.3% | 21 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $233.3M | 5,512,320 | 0.3% | 18 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $232.6M | 5,113,836 | 0.3% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $225.3M | 1,988,933 | 0.3% | 31 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $221.8M | 976,621 | 0.3% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $221.4M | 1,008,946 | 0.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $221.0M | 3,912,766 | 0.3% | 24 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $217.5M | 5,291,530 | 0.3% | 12 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $216.4M | 2,777,145 | 0.3% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $211.7M | 1,288,810 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $210.7M | 1,436,536 | 0.3% | 31 |
| FEDERATED HERMES ETF TRUST | [FLCG](https://holderbook.com/stocks/FLCG/) | $207.9M | 6,239,920 | 0.3% | 6 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $206.7M | 1,736,874 | 0.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $202.2M | 3,290,625 | 0.3% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $201.0M | 585,985 | 0.3% | 31 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $197.8M | 4,446,114 | 0.2% | 18 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $190.9M | 668,463 | 0.2% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $189.8M | 2,291,073 | 0.2% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $188.0M | 260,004 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $186.9M | 2,129,512 | 0.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $186.0M | 527,320 | 0.2% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $183.4M | 1,534,304 | 0.2% | 31 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $182.5M | 4,171,069 | 0.2% | 11 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $180.9M | 1,412,717 | 0.2% | 27 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $180.8M | 2,910,411 | 0.2% | 23 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $180.1M | 2,987,353 | 0.2% | 31 |
| FIDELITY COVINGTON TRUST | [FSMD](https://holderbook.com/stocks/FSMD/) | $179.5M | 3,396,903 | 0.2% | 25 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $178.3M | 2,866,315 | 0.2% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $178.2M | 1,800,481 | 0.2% | 31 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $175.2M | 1,816,713 | 0.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $172.7M | 1,042,090 | 0.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $170.0M | 1,447,536 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $169.1M | 1,715,615 | 0.2% | 16 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $168.9M | 669,449 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $168.0M | 1,580,126 | 0.2% | 31 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $167.6M | 425,316 | 0.2% | 31 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $167.4M | 756,672 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $163.9M | 4,450,159 | 0.2% | 20 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $159.6M | 567,549 | 0.2% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $157.4M | 3,647,508 | 0.2% | 22 |
| FIDELITY COVINGTON TRUST | [FELC](https://holderbook.com/stocks/FELC/) | $156.5M | 3,733,082 | 0.2% | 11 |
| FIDELITY COVINGTON TRUST | [FMDE](https://holderbook.com/stocks/FMDE/) | $156.2M | 3,848,941 | 0.2% | 11 |

## 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 | +12.0% | +14.8% | -2.8% | 100% |
| Q1 2026 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.2% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | +0.5% | +2.1% | -1.7% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $79.5B | 4,415 |
| Q1 2026 | $71.6B | 4,299 |
| Q4 2025 | $75.0B | 4,271 |
| Q3 2025 | $77.2B | 4,231 |
| Q2 2025 | $75.7B | 4,247 |
| Q1 2025 | $70.7B | 4,170 |
| Q4 2024 | $68.4B | 4,086 |
| Q3 2024 | $66.0B | 4,053 |
| Q2 2024 | $63.2B | 4,030 |
| Q1 2024 | $60.2B | 4,017 |
| Q4 2023 | $54.6B | 3,899 |
| Q3 2023 | $48.3B | 3,822 |