COMMONWEALTH EQUITY SERVICES, LLC

CIK 0000312272 · Q1 2026

13F Equity AUM

$71.6B

-4.6% QoQ

Positions

4,226

+20 QoQ

AUM Rank

#184

Top 2%

Skill Alpha (FF)

-1.5%/yr

Underperformer

Rank #4,470 · Top 54%

vs S&P -5.2%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 10.9%Top 10: 17.2%Top 20: 25.0%

AAPL3.2%

IVV2.4%

NVDA2.2%

MSFT1.6%

VEA1.5%

SPY1.5%

NDQ1.4%

AMZN1.3%

VOO1.1%

IWF1.0%

Others (4216)82.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services68.5%

Technology10.9%

Consumer Cyclical3.3%

Industrials3.2%

Healthcare3.0%

Communication Services2.8%

Consumer Defensive2.1%

Other6.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4226Median: 0.00%Avg: 0.02%

0–0.5%

4203(73.4%)

0.5–1%

13(9.4%)

1–3%

9(14.0%)

3–5%

1(3.2%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 3,468Unique: 758vs 20 funds

43%High

4,226

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

51.3%

BANK OF AMERICA CORP /DE/

51.6%

38.3%

32.4%

34.5%

28.7%

GEODE CAPITAL MANAGEMENT, LLC

27.5%

VANGUARD CAPITAL MANAGEMENT LLC

27.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

27.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New243Increased1851Decreased2118Exited215

New Positions

CORO0.1%

+2.4M

IDEF0.1%

+1.1M

FTKI0.0%

+976K

AZN0.0%

+109K

BLCR0.0%

+598K

INNOVATOR ETFS TRUST0.0%

+577K

IFLR0.0%

+70K

BLACKROCK ETF TRUST0.0%

+216K

CLSE0.0%

+280K

FIRST TR EXCHANGE-TR…0.0%

+302K

Increased

PVAL0.4%

+1.5M(+30%)

FENI0.3%

+1.2M(+25%)

CGDV0.8%

+1.1M(+9%)

FMDE0.2%

+867K(+38%)

GOVT0.1%

+861K(+73%)

SHYM0.0%

+695K(+118%)

FTCA0.0%

+660K(+694%)

HFXI0.0%

+642K(+347%)

PZA0.0%

+628K(+160%)

DFAI0.1%

+593K(+34%)

Decreased

BUFR0.5%

-1,618,873(-14%)

CCL0.1%

-1,381,055(-25%)

PJUN0.0%

-987,786(-64%)

FTQI0.0%

-912,295(-80%)

FSCO0.0%

-821,138(-12%)

FFLG0.1%

-788,204(-39%)

NVDA2.2%

-732,939(-7%)

VWO0.5%

-715,326(-11%)

PDI0.0%

-708,892(-54%)

AAPL3.2%

-687,027(-7%)

Exited

AZN

-228,725

USDU

-583,151

BLACKROCK ETF TRUST

-224,265

-1,069,555

-76,415

-38,148

-17,684

-235,116

-10,383

-23,379

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...