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Livermore
Livermore
ZHEN

Commonwealth Equity Services, LLC

SEC CIK
0000312272
Latest filing
Jul 29, 2026

The latest 13F from Commonwealth Equity Services, LLC covers Q2 2026 (filed Jul 29, 2026): 4,415 long positions worth $79.5B. The top 10 holdings make up 17.0% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
317
Est. +$324.7M
Added
1844
Est. +$2.48B
Reduced
2167
Est. −$3.30B
Sold out
201
Est. −$151.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.1%$2.47BHistory
  2. iShares Core S&P 500 ETF464287200
    2.5%$2.00B
  3. NVDANVIDIA Corp
    2.2%$1.72BHistory
  4. Invesco QQQ Trust Series I46090E103
    1.5%$1.22B
  5. Vanguard Ftse Developed Markets ETF921943858
    1.5%$1.19B

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Nasdaq 100 ETF46138G649
    +$74.8MAdded
  2. Putnam ETF Trust746729300
    +$67.0MAdded
  3. Fidelity Covington Trust316092337
    +$52.8MAdded
  4. LLYEli Lilly & Co
    +$49.8MAddedHistory
  5. Invesco Exch Traded FD Tr II46138E339
    +$41.0MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Invesco Nasdaq 100 ETF46138G649
    +0.15 pp0.4% → 0.5%
  2. LLYEli Lilly & Co
    +0.13 pp0.4% → 0.5%History
  3. iShares Core S&P 500 ETF464287200
    +0.10 pp2.4% → 2.5%
  4. iShares Semiconductor ETF464287523
    +0.09 pp0.1% → 0.2%
  5. Putnam ETF Trust746729300
    +0.08 pp0.4% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$123.7MReducedHistory
  2. SPYSPDR S&P 500 ETF Trust
    −$100.2MReducedHistory
  3. NVDANVIDIA Corp
    −$96.5MReducedHistory
  4. Invesco QQQ Trust Series I46090E103
    −$85.3MReduced
  5. iShares MSCI USA Quality Factor ETF46432F339
    −$72.7MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −0.21 pp1.6% → 1.3%History
  2. XOMExxonMobil Holdings Corp
    −0.15 pp0.5% → 0.3%History
  3. GLDSPDR Gold Trust
    −0.13 pp0.5% → 0.4%History
  4. IAUiShares Gold Trust
    −0.10 pp0.4% → 0.3%History
  5. CVXChevron Corp
    −0.10 pp0.3% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$79.5B
+$7.93B (+11.1%) vs. prior quarter
Positions
4,415
+116 vs. prior quarter
Top 10 concentration
17.0%
Top 10 as share of value
Turnover
3.7%
Q2 2026, one quarter
Average holding period
20.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $79.5B (Q2 2026)

Q1 2021: $35.3BQ2 2021: $39.4BQ3 2021: $39.8BQ4 2021: $44.4BQ1 2022: $43.7BQ2 2022: $38.4BQ3 2022: $37.3BQ4 2022: $41.6BQ1 2023: $45.1BQ2 2023: $49.2BQ3 2023: $48.3BQ4 2023: $54.6BQ1 2024: $60.2BQ2 2024: $63.2BQ3 2024: $66.0BQ4 2024: $68.4BQ1 2025: $70.7BQ2 2025: $75.7BQ3 2025: $77.2BQ4 2025: $75.0BQ1 2026: $71.6BQ2 2026: $79.5B
Q1 2021Q2 2026
13F filings of Commonwealth Equity Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 20264,415$79.5BAAPLiShares Core S&P 500 ETFNVDAvs. Q1 2026SEC
Q1 2026Apr 27, 20264,299$71.6BAAPLiShares Core S&P 500 ETFNVDAvs. Q4 2025SEC
Q4 2025Feb 12, 20264,271$75.0BAAPLiShares Core S&P 500 ETFNVDAvs. Q3 2025SEC
Q3 2025Oct 22, 20254,234$77.2BAAPLNVDAiShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 6, 20254,248$75.7BAAPLNVDAiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 9, 20254,172$70.7BAAPLiShares Core S&P 500 ETFNVDAvs. Q4 2024SEC
Q4 2024Feb 10, 20254,087$68.4BAAPLiShares Core S&P 500 ETFNVDAvs. Q3 2024SEC
Q3 2024Oct 18, 20244,055$66.0BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2024SEC
Q2 2024Jul 31, 20244,033$63.2BAAPLMSFTNVDAvs. Q1 2024SEC
Q1 2024Apr 29, 20244,019$60.2BAAPLMSFTiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Feb 6, 20243,900$54.6BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2023SEC
Q3 2023Oct 23, 20233,823$48.3BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2023SEC
Q2 2023Aug 10, 20233,831$49.2BAAPLiShares Core S&P 500 ETFMSFTvs. Q1 2023SEC
Q1 2023May 11, 20233,774$45.1BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2022SEC
Q4 2022Feb 7, 20233,701$41.6BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2022SEC
Q3 2022Nov 14, 20223,662$37.3BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2022SEC
Q2 2022Jul 19, 20223,661$38.4BAAPLMSFTiShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 4, 20223,704$43.7BAAPLMSFTiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 31, 20223,643$44.4BAAPLMSFTiShares Core S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 29, 20213,573$39.8BAAPLMSFTiShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 11, 20213,520$39.4BAAPLMSFTiShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 4, 20213,396$35.3BAAPLMSFTiShares Core S&P 500 ETF–SEC

13D and 13G filings

Companies where Commonwealth Equity Services, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Commonwealth Equity Services, LLC does not currently report owning 5% or more of any company.

Latest filings

7 filings on file made by Commonwealth Equity Services, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Commonwealth Equity Services, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FSCOFS Credit Opportunities Corp.May 7, 20259:45 AM ET13G/A4.90%9.87M shares–Below 5%Feb 6, 2025SEC
TTPTortoise Pipeline & Energy Fund, Inc.Feb 9, 202413G/AOld format–––SEC
TTPTortoise Pipeline & Energy Fund, Inc.Dec 6, 202313G/AOld format–––SEC
TTPTortoise Pipeline & Energy Fund, Inc.Nov 3, 202313G/AOld format–––SEC
FSCOFS Credit Opportunities Corp.Feb 22, 202313GOld format–New–SEC
TTPTortoise Pipeline & Energy Fund, Inc.Jan 27, 202313G/AOld format–––SEC
TTPTortoise Pipeline & Energy Fund, Inc.Dec 7, 202213GOld format–New–SEC