Institutional Manager · CIK 0001360533

Orion Porfolio Solutions, LLC

Omaha, NE · File #028-11877

Latest AUM

$13.64B

Positions

2,092

Top-10 Concentration

52.5%

Filings

Portfolio Value Over Time

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
ADD	ADVISORS INNER CIRCLE FD II	00791R830	+2,688,678	+$66.3M	-$1.1M
ADD	ISHARES TR	464287200	+62,004	+$42.5M	+$7.0M
ADD	NORTHERN LTS FD TR IV	NTRSO	+2,688,143	+$38.5M	+$2.1M
NEW	ISHARES TR	464289420	+361,960	+$33.2M	$0
REDUCE	ISHARES TR	464289438	-107,387	-$29.7M	+$410,130
ADD	NETFLIX INC	NFLX	+293,580	+$27.5M	-$38.9M
ADD	ADVISORS INNER CIRCLE FD II	00791R814	+966,342	+$27.4M	+$1.8M
REDUCE	INVESCO EXCH TRADED FD TR II	IVZ	-211,414	-$25.2M	-$669,894
ADD	VANGUARD INDEX FDS	922908637	+74,676	+$23.5M	+$62,221
ADD	ISHARES TR	464287804	+189,939	+$22.8M	+$164,612

Sector Allocation

Technology

10.4%$1.42B

Financials

5.1%$698.1M

Healthcare

3.5%$485.1M

Consumer Discretionary

3.2%$434.6M

Industrials

2.8%$379.8M

Materials

1.4%$195.5M

Consumer Staples

1.4%$189.1M

Communication Services

1.3%$172.2M

Energy

1.1%$150.1M

Utilities

0.7%$100.8M

Real Estate

0.4%$51.8M

Filing History

Feb 12, 202613F COMBINATION REPORTQ/E Dec 20252,092 pos · $13.64B
Nov 12, 202513F COMBINATION REPORTQ/E Sep 20252,033 pos · $12.90B
Aug 27, 202513F COMBINATION REPORT (Amended)Q/E Jun 20251,967 pos · $11.71B
Aug 14, 202513F COMBINATION REPORTQ/E Jun 20251,955 pos · $11.67B
Aug 1, 202513F COMBINATION REPORTQ/E Jun 20251,877 pos · $10.20B
Aug 1, 202513F COMBINATION REPORTQ/E Jun 20251,817 pos · $10.03B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,681 pos · $9.34B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,649 pos · $8.61B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,609 pos · $8.27B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,555 pos · $8.10B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,619 pos · $9.39B
Jul 31, 202513F COMBINATION REPORTQ/E Jun 20251,776 pos · $10.04B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 20251,711 pos · $9.47B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NORTHERN LTS FD TR IV	NTRSO	17,505,819	$1.13B	17.90%
2	ISHARES TR	464287200	508,713	$348.4M	5.52%
3	NORTHERN LTS FD TR IV	NTRSO	21,709,890	$310.9M	4.93%
4	APPLE INC	AAPL	1,031,942	$280.5M	4.44%
5	NVIDIA CORPORATION	NVDA	1,411,341	$263.2M	4.17%
6	MICROSOFT CORP	MSFT	496,238	$240.0M	3.80%
7	VANGUARD INDEX FDS	922908769	691,631	$231.9M	3.67%
8	ADVISORS INNER CIRCLE FD II	00791R830	8,123,629	$200.2M	3.17%
9	VANGUARD INDEX FDS	922908736	316,871	$154.6M	2.45%
10	VANGUARD TAX-MANAGED FDS	921943858	2,431,969	$151.9M	2.41%
11	AMAZON COM INC	AMZN	590,571	$136.3M	2.16%
12	ALPHABET INC	GOOG	411,043	$128.7M	2.04%
13	VANGUARD INDEX FDS	922908363	205,106	$128.6M	2.04%
14	ISHARES TR	464287226	1,181,446	$118.0M	1.87%
15	VANGUARD INDEX FDS	922908744	603,448	$115.3M	1.83%
16	ISHARES TR	46432F834	1,350,948	$114.3M	1.81%
17	BROADCOM INC	AVGO	308,726	$106.8M	1.69%
18	ISHARES TR	464287614	225,323	$106.6M	1.69%
19	ADVISORS INNER CIRCLE FD II	00791R814	3,652,277	$103.7M	1.64%
20	ADVISORS INNER CIRCLE FD II	00791R822	2,955,762	$89.9M	1.42%