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Commonwealth Equity Services, LLC

SEC CIK
0000312272
Latest filing
Jul 29, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 12, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
4,271
+37 vs. Q3 2025
Portfolio value
$75.0B
−$2.19B (−2.8%) vs. Q3 2025
Filed
Feb 12, 2026
SEC
Holdings of Commonwealth Equity Services, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock9,642,395$2.62B3.5%−930,034−8.8%ReducedHistory
iShares Core S&P 500 ETF464287200ETF2,727,210$1.87B2.5%−118,815−4.2%Reduced–
NVDANVIDIA CorpStock9,817,089$1.83B2.4%−1,178,256−10.7%ReducedHistory
MSFTMicrosoft CorpStock3,141,022$1.52B2.0%−219,485−6.5%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF1,985,531$1.22B1.6%−286,790−12.6%Reduced–
SPYSPDR S&P 500 ETF TrustETF1,736,693$1.18B1.6%−99,007−5.4%ReducedHistory
AMZNAmazon Com IncStock4,708,627$1.09B1.4%−633,762−11.9%ReducedHistory
Vanguard Ftse Developed Markets ETF921943858ETF17,014,674$1.06B1.4%−441,305−2.5%Reduced–
iShares Russell 1000 Growth ETF464287614ETF1,816,152$859.6M1.1%−184,958−9.2%Reduced–
Vanguard S&P 500 ETF922908363ETF1,347,386$845.0M1.1%−9,908−0.7%Reduced–
Vanguard Morningstar Growth ETF922908736ETF1,651,530$805.7M1.1%−60,285−3.5%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF2,320,304$777.9M1.0%−231,019−9.1%Reduced–
GOOGLAlphabet Inc.Stock2,243,371$702.2M0.9%−223,678−9.1%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,394,020$700.7M0.9%−204,294−12.8%ReducedHistory
Capital Group Growth ETF14020G101SHS CREAT UNIT13,193,475$586.7M0.8%+485,654+3.8%Added–
Vanguard Dividend Appreciation ETF921908844ETF2,571,410$565.1M0.8%−266,595−9.4%Reduced–
Capital Group Dividend Value14020W106SHS CREAT UNIT12,355,874$539.2M0.7%+1,398,146+12.8%Added–
GOOGAlphabet Inc.Stock1,698,762$533.1M0.7%−177,146−9.4%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF2,712,802$518.1M0.7%−571,833−17.4%Reduced–
iShares Core Dividend Growth ETF46434V621ETF7,267,236$504.5M0.7%−288,373−3.8%Reduced–
JPMJPMorgan Chase & CoStock1,565,146$504.3M0.7%−52,322−3.2%ReducedHistory
TSLATesla, Inc.Stock879,649$395.6M0.5%−8,071−0.9%ReducedHistory
First Tr Exchng Traded FD VI33740F755FT LADD BUFF ETF11,528,758$395.0M0.5%+115,259+1.0%Added–
First Trust Rising Dividend Achievers ETF33738R506ETF5,555,442$385.9M0.5%+36,812+0.7%Added–
AVGOBroadcom Inc.Stock1,093,020$378.3M0.5%−35,959−3.2%ReducedHistory
METAMeta Platforms, Inc.Stock571,480$377.2M0.5%−22,090−3.7%ReducedHistory
iShares Core S&P Small Cap ETF464287804ETF3,103,300$373.0M0.5%−343,199−10.0%Reduced–
iShares S&P 500 Growth ETF464287309ETF2,995,634$369.2M0.5%−224,920−7.0%Reduced–
Vanguard Ftse Emerging Markets ETF922042858ETF6,808,780$366.0M0.5%−350,288−4.9%Reduced–
iShares Russell 1000 Value ETF464287598ETF1,726,024$363.1M0.5%−135,296−7.3%Reduced–
GLDSPDR Gold TrustETF905,069$358.7M0.5%−11,773−1.3%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF5,170,837$341.3M0.5%−625,195−10.8%Reduced–
Vanguard High Dividend Yield Index ETF921946406ETF2,374,374$340.8M0.5%+2,049+0.1%Added–
LLYEli Lilly & CoStock314,386$337.9M0.5%−38,758−11.0%ReducedHistory
COSTCostco Wholesale CorpStock365,291$315.0M0.4%−12,160−3.2%ReducedHistory
Dimensional U.S. Core Equity 2 ETF25434V708ETF7,956,573$315.0M0.4%−678,373−7.9%Reduced–
iShares Russell Mid-Cap Growth ETF464287481ETF2,300,238$315.0M0.4%−92,141−3.9%Reduced–
iShares Tr464288414NATIONAL MUN ETF2,861,748$306.5M0.4%+13,256+0.5%Added–
Vanguard Morningstar Mid-Cap ETF922908629ETF1,043,549$302.9M0.4%−109,835−9.5%Reduced–
IAUiShares Gold TrustETF3,538,226$287.2M0.4%+21,175+0.6%AddedHistory
Invesco Nasdaq 100 ETF46138G649ETF1,126,967$285.0M0.4%+39,862+3.7%Added–
iShares Core MSCI Eafe ETF46432F842ETF3,178,400$284.3M0.4%−337,390−9.6%Reduced–
iShares Russell Mid-Cap Value ETF464287473ETF1,985,396$280.0M0.4%−87,792−4.2%Reduced–
JNJJohnson & JohnsonStock1,344,196$278.2M0.4%−112,165−7.7%ReducedHistory
Schwab US Dividend Equity ETF808524797ETF10,008,633$274.5M0.4%−1,912,504−16.0%Reduced–
iShares MSCI USA Quality Factor ETF46432F339ETF1,355,327$269.2M0.4%−273,685−16.8%Reduced–
State Street Technology Select Sector SPDR ETF81369Y803ETF1,865,649$268.6M0.4%+23,027+1.2%AddedConverted for a 2-for-1 split–
PLTRPalantir Technologies Inc.Stock1,460,666$259.6M0.3%−194,549−11.8%ReducedHistory
XOMExxonMobil Holdings CorpCOM2,154,840$259.3M0.3%−88,319−3.9%ReducedHistory
BlackRock ETF Trust09290C103ISHARES US EQUIT4,253,821$258.7M0.3%+740,988+21.1%Added–
Vanguard Morningstar Small-Cap ETF922908751ETF996,236$257.0M0.3%−53,942−5.1%Reduced–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF5,711,513$253.6M0.3%−10,933−0.2%Reduced–
VVisa Inc.Stock705,386$247.4M0.3%−61,222−8.0%ReducedHistory
iShares Russell Top 200 Growth ETF464289438ETF880,113$243.7M0.3%−58,798−6.3%Reduced–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM4,255,018$243.6M0.3%−501,059−10.5%Reduced–
WMTWalmart Inc.Stock2,182,918$243.2M0.3%−278,110−11.3%ReducedHistory
Vanguard Scottsdale FDS92206C680VNG RUS1000GRW1,984,206$241.6M0.3%−187,978−8.7%Reduced–
ABBVAbbVie Inc.Stock1,037,482$237.1M0.3%−92,766−8.2%ReducedHistory
Putnam ETF Trust746729300FOCUSED LAR CAP5,124,640$233.5M0.3%+234,950+4.8%Added–
iShares S&P 500 Value ETF464287408ETF1,084,807$230.1M0.3%+59,969+5.9%Added–
Vanguard Short-Term Bond ETF921937827ETF2,896,433$228.3M0.3%+25,633+0.9%Added–
Fidelity Merrimack STR Tr316188309TOTAL BD ETF4,895,618$225.4M0.3%+522,583+12.0%Added–
Federated Hermes ETF Trust31423L800MDT LARGE CAP6,630,122$219.3M0.3%+30,340+0.5%Added–
PGProcter & Gamble CoStock1,468,047$210.4M0.3%−146,229−9.1%ReducedHistory
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT1,071,458$205.2M0.3%−7,917−0.7%Reduced–
HDHome Depot, Inc.Stock594,930$204.7M0.3%−42,868−6.7%ReducedHistory
CATCaterpillar IncStock355,496$203.7M0.3%−27,760−7.2%ReducedHistory
T Rowe Price Exchange-Traded87283Q867CAP APPRECIATION5,233,638$200.0M0.3%+240,368+4.8%Added–
Pacer US Cash Cows 100 ETF69374H881ETF3,318,661$199.7M0.3%−460,037−12.2%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF2,826,773$190.0M0.3%+423,140+17.6%Added–
iShares MSCI USA Min Vol Factor ETF46429B697ETF1,995,478$187.9M0.3%−40,843−2.0%Reduced–
Capital Group GBL Growth EQT14020X104SHS CREAT UNIT5,399,474$187.1M0.2%+285,598+5.6%Added–
IBMInternational Business Machines CorpStock617,905$183.0M0.2%−46,460−7.0%ReducedHistory
NEENextera Energy IncStock2,227,788$178.8M0.2%−189,491−7.8%ReducedHistory
iShares Tr464287150CORE S&P TTL STK1,201,914$178.7M0.2%−102,049−7.8%Reduced–
Fidelity Covington Trust31609A404ENHANCED INTL4,862,451$177.9M0.2%+752,874+18.3%Added–
iShares Core S&P U.S. Growth ETF464287671ETF1,051,235$176.5M0.2%−98,913−8.6%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF1,746,686$174.5M0.2%−474,930−21.4%Reduced–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF1,625,592$173.5M0.2%+5,714+0.4%Added–
Fidelity Covington Trust31609A305ENHANCED LARGE4,141,753$172.7M0.2%+1,031,779+33.2%Added–
Fidelity High Dividend ETF316092840ETF3,034,654$172.0M0.2%+75,387+2.5%Added–
CVXChevron CorpStock1,116,614$170.2M0.2%−100,667−8.3%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/99995,532,126$169.0M0.2%+676,719+13.9%AddedHistory
JPMorgan Nasdaq Equity Premium Income ETF46654Q203ETF2,872,597$167.0M0.2%+89,212+3.2%Added–
iShares S&P 100 ETF464287101ETF466,961$160.2M0.2%+44,660+10.6%Added–
RTXRTX CorpStock865,307$158.7M0.2%−70,491−7.5%ReducedHistory
Capital Group Core Equity Et14020V108SHS CREAT UNIT3,933,197$158.2M0.2%+273,934+7.5%Added–
Vanguard Information Technology ETF92204A702ETF208,513$157.2M0.2%−5,464−2.6%Reduced–
VZVerizon Communications IncStock3,792,721$154.5M0.2%−231,293−5.7%ReducedHistory
BACBank of America CorpStock2,779,198$152.9M0.2%−117,711−4.1%ReducedHistory
Fidelity Covington Trust316092352BLUE CHIP GRWTH2,777,017$152.3M0.2%−62,418−2.2%Reduced–
iShares Tr464288646ISHS 1-5YR INVS2,836,967$150.0M0.2%−84,892−2.9%Reduced–
First Tr Exchange Traded FD33738R605DORSEY WRT 5 ETF2,328,990$146.5M0.2%−149,125−6.0%Reduced–
MCDMcDonalds CorpStock477,998$146.1M0.2%−25,644−5.1%ReducedHistory
Fidelity MSCI Information Technology Index ETF316092808ETF647,184$145.4M0.2%−71,459−9.9%Reduced–
iShares Tr46434V613CORE UNIVRSL USD3,121,715$145.3M0.2%+10,735+0.3%Added–
iShares Russell 2000 Growth ETF464287648ETF449,381$145.2M0.2%−29,770−6.2%Reduced–
iShares Tr464287721U.S. TECH ETF720,720$143.9M0.2%+10,855+1.5%Added–
iShares Tr464287630RUS 2000 VAL ETF792,632$143.6M0.2%−37,508−4.5%Reduced–
VanEck Morningstar Wide Moat ETF92189F643ETF1,369,181$141.8M0.2%−183,570−11.8%Reduced–

Sold out since Q3 2025 (222)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 222 by value last quarter.

Positions of Commonwealth Equity Services, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1ETF1,820,985$45.9M0.1%–
ULUnilever PLCSPON ADR NEW353,229$20.9M<0.1%History
Invesco Exch TRD SLF Idx FD46138J825BULSHS 2025 CB487,541$10.1M<0.1%–
BGBBlackstone Strategic Credit 2027 Term FundCOM SHS BEN IN780,984$9.51M<0.1%History
KKellanovaStock110,682$9.08M<0.1%History
iShares Tr46436E866IBONDS 25 TRM TS382,949$8.95M<0.1%–
EQHEquitable Holdings, Inc.COM131,861$6.70M<0.1%History
WisdomTree Tr97717X578EM EX ST-OWNED174,491$6.62M<0.1%–
DACDanaos CorpSHS70,891$6.37M<0.1%History
iShares Tr46435U432IBONDS DEC 25175,509$4.70M<0.1%–
TMHCTaylor Morrison Home CorpCOM69,923$4.62M<0.1%History
Invesco Exch TRD SLF Idx FD46138J817BULSHS 2025 HY191,988$4.43M<0.1%–
HQYHealthequity, Inc.COM37,741$3.58M<0.1%History
LOBLive Oak Bancshares, Inc.COM90,602$3.19M<0.1%History
PBHPrestige Consumer Healthcare Inc.COM43,265$2.70M<0.1%History
BFCBank First CorpCOM20,352$2.47M<0.1%History
iShares Ibonds 2025 Term High Yield & Income ETF46435U168ETF82,145$1.91M<0.1%–
TENTsakos Energy Navigation LtdSHS69,852$1.55M<0.1%History
HBIHanesbrands Inc.COM234,311$1.54M<0.1%History
Franklin Templeton ETF Tr35473P876LIBERTYQ US SML34,801$1.53M<0.1%–
Exchange Place Advis301471108N SQ RCIM TAX-ADV PR59,241$1.52M<0.1%–
BKKTBakkt, Inc.COM CL A NEW42,958$1.45M<0.1%History
VRNAVerona Pharma plcSPONSORED ADS13,336$1.42M<0.1%History
DLBDolby Laboratories, Inc.COM CL A19,343$1.40M<0.1%History
Exchange Traded Concepts Tru301505624BITWISE CRYPTO54,908$1.38M<0.1%–
American Centy ETF Tr025072109DIVERSIFID CRP28,110$1.34M<0.1%–
Invesco Exch Traded FD Tr II46138G300S&P SMLCAP QTY30,635$1.32M<0.1%–
Invesco Exch TRD SLF Idx FD46138J528BULSHS 2025 MUNI53,273$1.31M<0.1%–
Direxion Shs ETF Tr25459W847DLY SMCAP BULL3X27,946$1.26M<0.1%–
ALEAllete IncCOM NEW18,868$1.25M<0.1%History
Angel Oak Funds Trust03463K745HIGH YIE OPP ETF105,992$1.19M<0.1%–
Abrdn ETFs003261609BBG INDUSTRL MET54,139$1.17M<0.1%–
Tidal Tr II88636J527YIELDMAX ULTRA O209,372$1.15M<0.1%–
DAYDayforce, Inc.COM16,374$1.13M<0.1%History
Invesco Exch Traded FD Tr II46138E669GLOBAL EX US HGH49,919$998.0K<0.1%–
PRGOPERRIGO Co plcSHS44,223$985.0K<0.1%History
COOPMaverick Merger Sub 2, LLCCOM4,645$979.0K<0.1%History
IPGInterpublic Group of Companies, Inc.COM34,961$976.0K<0.1%History
Yieldmax MSTR Option Income Strategy ETF88634T493ETF69,230$966.0K<0.1%–
PPCPilgrims Pride CorpStock22,992$936.0K<0.1%History
Two RDS Shared Tr90214Q774LDRSHS ALPFACT20,131$900.0K<0.1%–
Fidelity Greenwood Street Tr31624J737DYNA BUF EQU ETF27,026$809.0K<0.1%–
Tidal ETF Tr886364181UNUSUAL WHALE SU20,945$763.0K<0.1%–
Two RDS Shared Tr90214Q691LEASERSHS ALPHAF18,348$759.0K<0.1%–
Kraneshares Trust500767652MOUNT LUCAS ETF26,438$712.0K<0.1%–
ENXEaton Vance New York Municipal Bond FundCOM72,113$711.0K<0.1%History
VBTXVeritex Holdings, Inc.COM20,732$695.0K<0.1%History
AB Active ETFs Inc00039J608HIGH YIELD ETF15,634$593.0K<0.1%–
SPRSpirit AeroSystems Holdings, Inc.COM CL A14,310$552.0K<0.1%History
IMSRTerrestrial Energy Inc.SHS CL A32,571$534.0K<0.1%History
HRIHerc Holdings IncCOM4,485$523.0K<0.1%History
Two RDS Shared Tr90214Q683LEADERSHARES EQT14,503$522.0K<0.1%–
LENZLENZ Therapeutics, Inc.COM10,946$510.0K<0.1%History
OPRAOpera LtdSPONSORED ADS24,410$504.0K<0.1%History
WisdomTree Tr97717W125FUTRE STRAT FD12,357$468.0K<0.1%–
ATLOAmes National CorpCOM22,825$462.0K<0.1%History
CORZCore Scientific, Inc.COM25,592$459.0K<0.1%History
SRADSportradar Group AGCLASS A ORD SHS16,687$449.0K<0.1%History
Tidal Trust III45259A415AZORIA 500 MERIT20,777$444.0K<0.1%–
EBMTEagle Bancorp Montana, Inc.COM25,523$441.0K<0.1%History
Two RDS Shared Tr90214Q675LEADERSHARES DY19,285$438.0K<0.1%–
Magic Software Enterprises L559166103ORD20,667$422.0K<0.1%–
VanEck Vectors ETF Tr92189H870ENERGY INCOME4,215$418.0K<0.1%–
QFINQfin Holdings, Inc.AMERICAN DEP13,845$398.0K<0.1%History
LGIHLGI Homes, Inc.COM7,664$396.0K<0.1%History
Innov Prem Inc 30 Barr - Jan45783Y376ETP15,907$393.0K<0.1%–
Sandstorm Gold Ltd Com New80013R206Stock30,981$388.0K<0.1%–
SINTSintx Technologies, Inc.COM NEW94,929$388.0K<0.1%History
AVTAvnet IncCOM7,287$381.0K<0.1%History
NCNOnCino, Inc.COM13,468$365.0K<0.1%History
CIVICivitas Resources, Inc.EQUITY US CM10,996$357.0K<0.1%History
JLSNuveen Mortgage & Income FundCOM18,299$343.0K<0.1%History
TGLSTecnoglass Holdings Inc.ORD SHS5,071$339.0K<0.1%History
CXTCrane NXT, Co.COM4,947$332.0K<0.1%History
Invesco Exchange Traded FD T46137V316S&P500 EQL MAT10,072$330.0K<0.1%–
First Tr Exchange Traded FD33738R878DORSEY WRIGHT9,065$327.0K<0.1%–
Dimensional ETF Trust25434V534EMERGING MRKTETS5,778$327.0K<0.1%–
Fidelity Merrimack STR Tr316188705INVESTMENT GR SE7,389$326.0K<0.1%–
URBNUrban Outfitters IncCOM4,545$325.0K<0.1%History
Valkyrie ETF Trust II91917A108BITCOIN STRATEGY18,313$318.0K<0.1%–
FTDRFrontdoor, Inc.COM4,682$315.0K<0.1%History
iShares Inc464286251JP MRG EM CRP BD6,760$312.0K<0.1%–
WORWorthington Enterprises, Inc.COM5,328$296.0K<0.1%History
FFBCFirst Financial BancorpCOM11,650$294.0K<0.1%History
WDWalker & Dunlop, Inc.COM3,486$292.0K<0.1%History
UPBUpstream Bio, Inc.COM15,503$292.0K<0.1%History
American Centy ETF Tr025072752LARG CA EQUI ETF3,759$290.0K<0.1%–
Franklin Templeton ETF Tr35473P207LIBERTYQ EMERG9,018$290.0K<0.1%–
ETNB89bio, Inc.COM19,631$289.0K<0.1%History
STNStantec IncCOM2,662$287.0K<0.1%History
UHALU-Haul Holding CoCOM5,023$287.0K<0.1%History
OFIXOrthofix Medical Inc.COM19,562$286.0K<0.1%History
First Tr Exchange-Traded FD33734G108COM9,887$278.0K<0.1%–
SBGISinclair, Inc.CL A18,302$276.0K<0.1%History
MHKMohawk Industries IncCOM2,124$274.0K<0.1%History
ProShares Tr74348A145PET CARE ETF4,820$270.0K<0.1%–
AKO.BAndina Bottling Co IncSPON ADR B11,373$269.0K<0.1%History
iShares Tr464288497DEVSMCP EXNA ETF3,994$269.0K<0.1%–
CFSBCFSB Bancorp, Inc.COM19,000$268.0K<0.1%History
CHRDChord Energy CorpCOM NEW2,651$263.0K<0.1%History