Institution

Commonwealth Equity Services, LLC

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 312272

Reported value: $79.5bn
Positions we cover: 1,814
Copy, a year: +14.2%
Copy Sharpe ratio: 0.69

How copying its 13F would have done

CopyS&P 500 $10,000 copying Commonwealth Equity Services, LLC's filed holdings in companies we cover from February 16, 2018, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.8% (S&P 500 −31.8%); beta 0.96; alpha +0.4% a year (t = 0.57); last 12 months +14.9% against +12.1%.

Reported value by quarter

Commonwealth Equity Services, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2017-12-31	$18.3B
2018-03-31	$18.4B
2018-06-30	$19.1B
2018-09-30	$20.9B
2018-12-31	$18.8B
2019-03-31	$21.7B
2019-06-30	$22.7B
2019-09-30	$23.4B
2019-12-31	$26.3B
2020-03-31	$21.5B
2020-06-30	$26.5B
2020-09-30	$29.3B
2020-12-31	$33.2B
2021-03-31	$35.3B
2021-06-30	$39.4B
2021-09-30	$39.8B
2021-12-31	$44.4B
2022-03-31	$43.7B
2022-06-30	$38.4B
2022-09-30	$38.8B
2022-12-31	$41.6B
2025-12-31	$75B
2026-03-31	$71.6B
2026-06-30	$79.5B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	3.10%	$2.5bn	8.53M	−4.8% Reduced
NVDANVIDIA Corporation	2.16%	$1.7bn	8.60M	−5.3% Reduced
MSFTMicrosoft Corporation	1.35%	$1.1bn	2.88M	−4.8% Reduced
AMZNAmazon	1.24%	$982.6m	4.12M	−6.2% Reduced
GOOGLAlphabet Inc. (Class A)	0.92%	$732.2m	2.05M	−4.8% Reduced
JPMJPMorgan Chase	0.55%	$438.2m	1.34M	−5.2% Reduced
LLYLilly (Eli)	0.52%	$413.6m	344.8K	+13.7% Added
AVGOBroadcom	0.46%	$363.3m	961.8K	−2.3% Reduced
TSLATesla, Inc.	0.42%	$331.3m	787.8K	−5.6% Reduced
CATCaterpillar Inc.	0.41%	$330.0m	309.8K	−6.1% Reduced
COSTCostco	0.40%	$319.5m	341.6K	−4.3% Reduced
JNJJohnson & Johnson	0.40%	$317.3m	1.25M	−2.1% Reduced
MUMicron Technology	0.40%	$313.8m	271.8K	−0.9% Reduced
METAMeta Platforms	0.36%	$288.9m	513.0K	−4.1% Reduced
AMDAdvanced Micro Devices	0.34%	$266.0m	457.9K	−13.8% Reduced
ABBVAbbVie	0.31%	$245.4m	975.1K	−2.6% Reduced
WMTWalmart	0.28%	$225.3m	1.99M	−3.3% Reduced
PGProcter & Gamble	0.27%	$210.7m	1.44M	−3.8% Reduced
VVisa Inc.	0.25%	$201.0m	586.0K	−7.1% Reduced
AMATApplied Materials	0.24%	$188.0m	260.0K	−2.9% Reduced
NEENextEra Energy	0.23%	$186.9m	2.13M	−2.8% Reduced
HDThe Home Depot	0.23%	$186.0m	527.3K	−6.8% Reduced
CVXChevron Corporation	0.22%	$172.7m	1.04M	−5.0% Reduced
CSCOCisco	0.21%	$170.0m	1.45M	−11.3% Reduced
IBMIBM	0.20%	$159.6m	567.5K	−5.7% Reduced
RTXRTX Corporation	0.20%	$155.7m	820.5K	−0.9% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.20%	$155.4m	325.5K	−5.2% Reduced
GEVGE Vernova	0.19%	$149.1m	126.9K	−1.6% Reduced
MRKMerck & Co.	0.19%	$147.7m	1.15M	−6.0% Reduced
PLTRPalantir Technologies Inc.	0.18%	$146.5m	1.26M	−8.9% Reduced
BACBank of America	0.18%	$146.0m	2.56M	−2.3% Reduced
GLWCorning Inc.	0.18%	$146.0m	571.6K	0.0%
LRCXLam Research	0.18%	$144.2m	332.7K	−14.5% Reduced
GEGE Aerospace	0.17%	$139.0m	371.9K	−1.2% Reduced
PANWPalo Alto Networks	0.17%	$134.2m	393.5K	−12.6% Reduced
VZVerizon	0.16%	$127.8m	3.02M	−14.7% Reduced
INTCIntel	0.15%	$122.9m	880.4K	−8.4% Reduced
CCLCarnival Corporation	0.15%	$122.9m	4.30M	New
MCDMcDonald's	0.15%	$120.7m	446.5K	−3.7% Reduced
AMGNAmgen	0.14%	$112.1m	309.5K	−3.3% Reduced
MAMastercard	0.14%	$110.0m	214.1K	+7.8% Added
CRWDCrowdStrike	0.14%	$109.7m	143.7K	+1.7% Added
ORCLOracle Corporation	0.13%	$103.8m	708.5K	+3.2% Added
KOThe Coca-Cola Company	0.13%	$103.2m	1.27M	−3.9% Reduced
ASMLAsml Holding NV	0.13%	$100.5m	50.5K	−2.7% Reduced
ADIAnalog Devices	0.12%	$97.1m	244.4K	−3.4% Reduced
NFLXNetflix	0.12%	$95.4m	1.34M	−8.1% Reduced
AXPAmerican Express	0.12%	$95.2m	281.4K	+0.8% Added
KLACKLA Corporation	0.12%	$94.4m	312.8K	+870.9% Added
MOAltria	0.12%	$93.0m	1.29M	−2.1% Reduced
DEDeere & Company	0.12%	$91.7m	144.6K	−1.2% Reduced
PEPPepsiCo	0.11%	$90.9m	671.5K	−2.2% Reduced
GSGoldman Sachs	0.11%	$90.3m	89.3K	−3.8% Reduced
ETNEaton Corporation	0.11%	$89.6m	210.4K	−2.3% Reduced
LMTLockheed Martin	0.11%	$89.6m	175.8K	−8.7% Reduced
MRVLMarvell Technology	0.11%	$89.4m	300.1K	−11.7% Reduced
PMPhilip Morris International	0.11%	$86.0m	475.3K	−0.5%
SOSouthern Company	0.10%	$83.6m	874.0K	−1.9% Reduced
UNHUnitedHealth Group	0.10%	$82.0m	197.4K	+2.8% Added
PFEPfizer	0.10%	$78.9m	3.28M	−6.0% Reduced
VRTVertiv	0.10%	$78.2m	233.6K	−5.2% Reduced
QCOMQualcomm	0.10%	$77.4m	419.0K	−11.7% Reduced
MSMorgan Stanley	0.10%	$75.5m	361.1K	−3.0% Reduced
LOWLowe's	0.09%	$73.4m	332.7K	−5.6% Reduced
DUKDuke Energy	0.08%	$66.1m	522.1K	−1.9% Reduced
BABoeing	0.08%	$66.0m	305.1K	−4.9% Reduced
STXSeagate Technology	0.08%	$65.4m	67.7K	−1.5% Reduced
ANETArista Networks	0.08%	$65.1m	383.3K	+2.7% Added
PWRQuanta Services	0.08%	$61.2m	85.0K	+2.7% Added
DELLDell Technologies	0.08%	$61.1m	141.6K	−15.9% Reduced
TAT&T	0.08%	$60.9m	2.94M	−5.1% Reduced
BXBlackstone Inc.	0.07%	$59.5m	505.5K	−4.9% Reduced
EMREmerson Electric	0.07%	$59.4m	415.2K	−2.2% Reduced
UPSUnited Parcel Service	0.07%	$57.3m	533.4K	−4.9% Reduced
ABTAbbott Laboratories	0.07%	$57.1m	629.1K	−0.5% Reduced
BMYBristol Myers Squibb	0.07%	$56.2m	975.6K	−1.7% Reduced
WPCW. P. Carey Inc.	0.07%	$55.5m	775.6K	−2.2% Reduced
WFCWells Fargo	0.07%	$54.4m	657.8K	−2.5% Reduced
TJXTJX Companies	0.07%	$53.2m	351.1K	+1.1% Added
DISThe Walt Disney Company	0.07%	$52.6m	546.8K	−10.0% Reduced
TTTrane Technologies	0.07%	$52.2m	106.4K	+1.5% Added
TXNTexas Instruments	0.07%	$51.6m	173.2K	+0.1%
CCitigroup	0.06%	$48.7m	347.6K	−1.0% Reduced
WMWaste Management	0.06%	$48.5m	217.4K	−5.9% Reduced
GDGeneral Dynamics	0.06%	$45.5m	128.5K	−7.6% Reduced
UNPUnion Pacific Corporation	0.06%	$45.2m	166.3K	−8.1% Reduced
NUENucor	0.06%	$44.8m	201.0K	−10.9% Reduced
UBERUber	0.06%	$44.7m	619.6K	−3.4% Reduced
MMM3M	0.06%	$43.8m	270.5K	−4.9% Reduced
CSXCSX Corporation	0.06%	$43.7m	918.6K	+0.3%
MDTMedtronic	0.05%	$43.1m	551.4K	−20.3% Reduced
COHRCoherent Corp.	0.05%	$42.4m	107.4K	+2.4% Added
CMICummins	0.05%	$40.8m	57.2K	+2.7% Added
SPCXSpace Exploration Technologies Corp	0.05%	$40.7m	238.1K	New
PHParker Hannifin	0.05%	$39.9m	40.8K	+3.3% Added
EPDEnterprise Products Partners L.p.	0.05%	$39.9m	1.08M	−0.3%
ROKRockwell Automation	0.05%	$39.8m	80.4K	−5.8% Reduced
LINLinde plc	0.05%	$39.8m	76.6K	−4.3% Reduced
NIQNIQ Global Intelligence plc	0.05%	$39.1m	4.19M	+11044.1% Added
ENBEnbridge Inc	0.05%	$39.1m	721.4K	−2.3% Reduced
AHRAmerican Healthcare Reit, Inc.	0.05%	$38.2m	731.9K	−7.2% Reduced
COFCapital One	0.05%	$38.0m	189.6K	−4.9% Reduced
SHWSherwin-Williams	0.05%	$37.8m	109.7K	−2.7% Reduced
PNCPNC Financial Services	0.05%	$37.6m	152.9K	−5.9% Reduced
HWMHowmet Aerospace	0.05%	$36.6m	136.3K	+1.3% Added
USBU.S. Bancorp	0.05%	$36.6m	606.3K	−3.3% Reduced
ITWIllinois Tool Works	0.05%	$36.5m	135.0K	−9.0% Reduced
ADPAutomatic Data Processing	0.04%	$35.8m	160.0K	−1.3% Reduced
CVSCVS Health	0.04%	$35.8m	346.3K	−12.9% Reduced
URIUnited Rentals	0.04%	$35.8m	31.6K	−7.6% Reduced
SBUXStarbucks	0.04%	$35.7m	349.8K	−4.3% Reduced
TMOThermo Fisher Scientific	0.04%	$35.5m	70.8K	−6.1% Reduced
PSXPhillips 66	0.04%	$35.5m	209.8K	−0.1%
NSCNorfolk Southern	0.04%	$35.1m	111.4K	−3.3% Reduced
NOWServiceNow	0.04%	$35.0m	353.0K	+3.2% Added
FDXFedEx	0.04%	$34.8m	111.1K	−6.2% Reduced
VLOValero Energy	0.04%	$34.7m	133.1K	−6.5% Reduced
MCKMcKesson	0.04%	$34.6m	45.8K	−3.1% Reduced
TGTTarget Corporation	0.04%	$34.6m	264.8K	−5.4% Reduced
SYKStryker Corporation	0.04%	$34.3m	108.9K	−16.0% Reduced
EDConsolidated Edison	0.04%	$34.0m	307.7K	−4.0% Reduced
CICigna	0.04%	$33.8m	122.6K	−1.1% Reduced
SWKStanley Black & Decker	0.04%	$33.4m	354.6K	+1.6% Added
SHOPShopify Inc.	0.04%	$33.4m	292.2K	−11.2% Reduced
OKEOneok	0.04%	$33.0m	379.5K	−46.5% Reduced
CEGConstellation Energy	0.04%	$32.8m	132.1K	−8.3% Reduced
KMBKimberly-Clark	0.04%	$32.2m	293.0K	+17.4% Added
AEPAmerican Electric Power	0.04%	$32.1m	234.6K	−0.9% Reduced
CRMSalesforce	0.04%	$31.8m	202.8K	−9.1% Reduced
GILDGilead Sciences	0.04%	$31.2m	246.7K	−4.5% Reduced
MPCMarathon Petroleum	0.04%	$30.9m	121.0K	−5.3% Reduced
NEMNewmont	0.04%	$30.9m	330.9K	−5.5% Reduced
MARMarriott International	0.04%	$30.8m	83.2K	−4.3% Reduced
AXONAxon Enterprise	0.04%	$30.5m	54.4K	−13.8% Reduced
HONHoneywell Technologies	0.04%	$30.4m	135.6K	New
TRVThe Travelers Companies	0.04%	$30.3m	91.7K	−2.8% Reduced
DDominion Energy	0.04%	$30.2m	441.8K	−10.4% Reduced
HONAHoneywell Aerospace	0.04%	$30.1m	136.3K	New
APDAir Products	0.04%	$30.0m	102.5K	−2.8% Reduced
TFCTruist Financial	0.04%	$29.8m	598.4K	−3.7% Reduced
COPConocoPhillips	0.04%	$29.8m	286.7K	−2.9% Reduced
CAHCardinal Health	0.04%	$29.6m	124.7K	+0.7% Added
NOCNorthrop Grumman	0.04%	$29.4m	57.6K	−4.9% Reduced
BLKBlackRock	0.04%	$28.9m	30.1K	−3.2% Reduced
TROWT. Rowe Price	0.04%	$28.6m	251.9K	−1.9% Reduced
AFLAflac	0.04%	$27.8m	237.2K	−3.7% Reduced
ISRGIntuitive Surgical	0.03%	$27.4m	68.9K	−1.6% Reduced
AIGAmerican International Group	0.03%	$27.2m	364.8K	+0.7% Added
WMBWilliams Companies	0.03%	$26.4m	354.8K	−5.4% Reduced
ORealty Income	0.03%	$25.8m	416.2K	−1.9% Reduced

Company	Bought (value)	Shares
CCLCarnival Corporation	$122.9m	4.30M
KLACKLA Corporation	$84.6m	280.6K
LLYLilly (Eli)	$49.8m	41.6K
SPCXSpace Exploration Technologies Corp	$40.7m	238.1K
NIQNIQ Global Intelligence plc	$38.8m	4.15M
HONHoneywell Technologies	$30.4m	135.6K
HONAHoneywell Aerospace	$30.1m	136.3K
BKNGBooking Holdings	$16.2m	91.1K
POWLPowell Industries Inc	$12.3m	43.1K
DDDuPont	$9.2m	67.9K
FDXFFedEx Freight	$8.3m	55.0K
MAMastercard	$8.0m	15.6K
RCLRoyal Caribbean Group	$7.0m	21.9K
SNDKSandisk	$6.6m	2.9K
WHRWhirlpool Corp	$6.2m	158.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
AAPLApple Inc.	−$123.7m	−427.5K
NVDANVIDIA Corporation	−$96.5m	−482.4K
AMZNAmazon	−$65.0m	−272.7K
MSFTMicrosoft Corporation	−$54.5m	−146.2K
AMDAdvanced Micro Devices	−$42.6m	−73.3K
GOOGLAlphabet Inc. (Class A)	−$36.9m	−103.3K
OKEOneok	−$28.7m	−330.0K
LRCXLam Research	−$24.4m	−56.4K
JPMJPMorgan Chase	−$24.0m	−73.4K
VZVerizon	−$22.0m	−519.0K
CSCOCisco	−$21.6m	−183.8K
CATCaterpillar Inc.	−$21.3m	−20.0K
TSLATesla, Inc.	−$19.7m	−46.9K
PANWPalo Alto Networks	−$19.3m	−56.6K
VVisa Inc.	−$15.4m	−44.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
FBNCFirst Bancorp	$1.3m	23.5K
ALGAlamo Group Inc	$1.2m	7.5K
PEGAPegasystems Inc	$992,330	23.3K
FHBFirst Hawaiian, Inc.	$958,830	38.9K
MSBIMidland States Bancorp, Inc.	$911,580	40.9K
FUTUFutu Holdings Ltd	$813,530	5.9K
DRDDrdgold LTD	$739,330	25.2K
GPIGroup 1 Automotive Inc	$713,090	2.2K
COLLCollegium Pharmaceutical, Inc	$688,620	20.8K
TIGRUP Fintech Holding Ltd	$609,370	96.7K
KALUKaiser Aluminum Corp	$595,840	4.9K
PSIXPower Solutions International, Inc.	$572,210	9.4K
GWREGuidewire Software, Inc.	$559,500	3.7K
CFFNCapitol Federal Financial, Inc.	$536,460	75.2K
VIRVir Biotechnology, Inc.	$503,360	56.2K
AMRXAmneal Pharmaceuticals, Inc.	$464,250	37.3K
SHAKShake Shack Inc.	$320,620	3.6K
HAPNHappen, Inc.	$313,770	21.9K
ELANElanco Animal Health Inc	$312,550	13.1K
TENTsakos Energy Navigation LTD	$298,720	7.6K
PLABPhotronics Inc	$294,680	7.3K
PUKPrudential PLC	$292,710	10.3K
BANCBanc Of California, Inc.	$281,987	16.0K
CARGCargurus, Inc.	$265,500	7.8K
VERAVera Therapeutics, Inc.	$251,680	6.3K
GGenpact LTD	$248,990	6.7K
NBRNabors Industries LTD	$248,374	2.9K
XXITwenty One Capital, Inc.	$245,610	38.4K
PENPenumbra Inc	$243,982	743
MTArcelormittal	$241,720	4.7K

Technology37.8%
Industrials11.8%
Financials10.1%
Consumer Discretionary9.9%
Health Care9.1%
Consumer Staples6.1%
Communication Services6.0%
Utilities3.0%
Energy2.9%
Materials1.9%
Real Estate1.6%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 16, 2018 to November 2, 2026	+14.2%	+14.1%	0.69	0.67	−30.8%	0.96
Last three yearsNovember 3, 2023 to November 2, 2026	+21.7%	+21.8%	1.24	1.16	−15.6%	0.91
Last yearNovember 7, 2025 to November 2, 2026	+16.7%	+14.2%	1.10	0.84	−7.5%	0.88

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.