COMMONWEALTH EQUITY SERVICES, LLC

CIK 0000312272 · Q2 2026

13F Equity AUM

$79.5B

+11.1% QoQ

Positions

4,320

+94 QoQ

AUM Rank

#131

Top 2%

Skill Alpha (FF)

-1.1%/yr^ns

No Clear Edge

Rank #4,543 · Top 55%

vs S&P -2.7%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 10.8%Top 10: 17.0%Top 20: 24.9%

AAPL3.1%

IVV2.5%

NVDA2.2%

NDQ1.5%

VEA1.5%

SPY1.4%

MSFT1.4%

AMZN1.2%

VOO1.1%

IWF1.1%

Others (4310)83.0%

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

Sector Allocation

Financial Services68.7%

Technology11.9%

Industrials3.2%

Consumer Cyclical3.0%

Healthcare2.9%

Communication Services2.6%

Other7.8%

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

Position Sizing

Positions: 4320Median: 0.00%Avg: 0.02%

0–0.5%

4294(71.8%)

0.5–1%

16(11.2%)

1–3%

9(13.9%)

3–5%

1(3.1%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 4,320vs 20 funds

0%Low

4,320

Fund positions

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.

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Position Changes This Quarter

New324Increased1849Decreased2156Exited208

New Positions

CARNIVAL CORP LTD0.1%

+4.3M

SPACE EXPLORATION TE…0.1%

+238K

HONEYWELL AEROSPACE …0.0%

+136K

HONEYWELL INTL INC0.0%

+136K

FIRST TR EXCHANGE-TR…0.0%

+788K

GGOV0.0%

+373K

ISHARES TR0.0%

+112K

FLTW0.0%

+44K

CPAI0.0%

+84K

EBUF0.0%

+127K

Increased

VUG1.0%

+7.6M(+477%)

IWF1.1%

+5.0M(+291%)

NIQ0.1%

+4.1M(+11044%)

VO0.4%

+2.9M(+291%)

HDV0.1%

+2.6M(+408%)

FIRST TR EXCHANGE-TR…0.1%

+1.6M(+530%)

FFLG0.1%

+1.5M(+122%)

VGT0.2%

+1.3M(+693%)

PVAL0.5%

+1.3M(+20%)

IALT0.0%

+1.2M(+3806%)

Decreased

FIIG0.0%

-1,381,995(-74%)

SHYG0.1%

-691,766(-27%)

FSK0.0%

-625,082(-24%)

PGX0.0%

-546,204(-48%)

IJH0.4%

-544,463(-11%)

BAC0.2%

-519,012(-15%)

NVDA2.2%

-482,363(-5%)

JEPI0.3%

-451,482(-10%)

BUFR0.4%

-432,074(-4%)

AAPL3.1%

-427,457(-5%)

Exited

CCL

-4,151,071

HON

-281,380

CLSE

-279,950

-199,304

-125,316

-89,354

-13,674

-25,173

-10,157

-2,143

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

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Holdings

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