Institutional Manager · CIK 0000312272
COMMONWEALTH EQUITY SERVICES, LLC
WALTHAM, MA · File #028-18352
Latest AUM
$75.01B
Positions
4,271
Top-10 Concentration
46.7%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | APPLE INC | AAPL | -930,034 | -$252.8M | +$2.87B |
| REDUCE | NVIDIA CORPORATION | NVDA | -1,178,256 | -$219.7M | +$2.05B |
| REDUCE | INVESCO QQQ TR | IVZ | -286,790 | -$176.2M | +$1.39B |
| REDUCE | AMAZON COM INC | AMZN | -633,762 | -$146.3M | +$1.23B |
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +944,338 | +$136.0M | +$132.4M |
| REDUCE | VANGUARD SCOTTSDALE FDS | 92206C870 | -1,488,147 | -$124.6M | +$190.1M |
| ADD | NETFLIX INC | NFLX | +1,319,229 | +$123.7M | +$15.7M |
| REDUCE | VANGUARD INDEX FDS | 922908744 | -571,833 | -$109.2M | +$626.7M |
| REDUCE | MICROSOFT CORP | MSFT | -219,485 | -$106.1M | +$1.62B |
| REDUCE | BERKSHIRE HATHAWAY INC DEL | BRK-A | -204,294 | -$102.7M | +$802.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20254,271 pos · $75.01B
- 13F HOLDINGS REPORTQ/E Sep 20254,234 pos · $77.2M
- 13F HOLDINGS REPORTQ/E Jun 20254,248 pos · $75.7M
- 13F HOLDINGS REPORTQ/E Mar 20254,172 pos · $70.7M
- 13F HOLDINGS REPORTQ/E Dec 20244,087 pos · $68.4M
- 13F HOLDINGS REPORTQ/E Sep 20244,055 pos · $66.0M
- 13F HOLDINGS REPORTQ/E Jun 20244,033 pos · $63.2M
- 13F HOLDINGS REPORTQ/E Mar 20244,019 pos · $60.2M
- 13F HOLDINGS REPORTQ/E Dec 20233,823 pos · $48.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 9,642,395 | $2.62B | 8.69% |
| 2 | ISHARES TR | 464287200 | 2,727,210 | $1.87B | 6.19% |
| 3 | NVIDIA CORPORATION | NVDA | 9,817,089 | $1.83B | 6.07% |
| 4 | MICROSOFT CORP | MSFT | 3,141,022 | $1.52B | 5.03% |
| 5 | INVESCO QQQ TR | IVZ | 1,985,531 | $1.22B | 4.04% |
| 6 | SPDR S&P 500 ETF TR | SPY | 1,736,693 | $1.18B | 3.92% |
| 7 | AMAZON COM INC | AMZN | 4,708,627 | $1.09B | 3.60% |
| 8 | VANGUARD TAX-MANAGED FDS | 921943858 | 17,014,674 | $1.06B | 3.52% |
| 9 | ISHARES TR | 464287614 | 1,816,152 | $859.6M | 2.85% |
| 10 | VANGUARD INDEX FDS | 922908363 | 1,347,386 | $845.0M | 2.80% |
| 11 | VANGUARD INDEX FDS | 922908736 | 1,651,530 | $805.7M | 2.67% |
| 12 | VANGUARD INDEX FDS | 922908769 | 2,320,304 | $777.9M | 2.58% |
| 13 | ALPHABET INC | GOOG | 2,243,371 | $702.2M | 2.33% |
| 14 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,394,020 | $700.7M | 2.32% |
| 15 | CAPITAL GROUP GROWTH ETF | 14020G101 | 13,193,475 | $586.7M | 1.94% |
| 16 | VANGUARD SPECIALIZED FUNDS | 921908844 | 2,571,410 | $565.1M | 1.87% |
| 17 | CAPITAL GROUP DIVIDEND VALUE | 14020W106 | 12,355,874 | $539.2M | 1.79% |
| 18 | ALPHABET INC | GOOG | 1,698,762 | $533.1M | 1.77% |
| 19 | VANGUARD INDEX FDS | 922908744 | 2,712,802 | $518.1M | 1.72% |
| 20 | ISHARES TR | 46434V621 | 7,267,236 | $504.5M | 1.67% |