Commonwealth Equity Services, Inc — Quarterly 13F Portfolio Report

CIK: 0001333978

Diversified strategyMomentum followerLong-term holder

Total reported value

$16.7B

Reporting period: 2017-09-30 · Number of holdings: 2565

Commonwealth Equity Services, Inc disclosed 2565 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $16.7B and a quarterly turnover rate of 10.6%.

Browse other institutions with $10B to $100B AUM Browse other institutions starting with "C"

Personality snowflake

Concentration: 2.61
Portfolio Stability: 10.62
Momentum/Contrarian: 99.11
Sector conviction: 42.39
Diversification: 100
Sizing Uniformity: 60.29

Commonwealth Equity Services, Inc's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 153 equally-sized positions, well below its 2565 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 3.97), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 23% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add VTI
+13.4%　$45.6M
Trim AEP
-0.3%　-$15.4M
Trim IWF
-2.3%　$13.0M
Trim MO
+1.8%　-$12.7M
Add BSV
+19.2%　$19.9M
Add BRK-B
+4.6%　$21.1M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Capital is rotating aggressively into mega-cap tech indices and global ETFs, evidenced by the DD position launch alongside AAPL/BRK-B adds. The near-2600 holding universe with 10.6% quarterly turnover confirms an active momentum-chasing wheel strategy over concentrated conviction bets.

Macro & Fundamentals

Betting on tech sector dominance and passive fund absorption, while underweighting utilities (0.06%) and materials (0.41%) to hedge against disinflationary pressure that squeezes industrial profit margins and reward earnings-driven growth.

Blind Spots / Risks

The 2565-position portfolio structure faces severe alpha dilution risk where excessive diversification erodes per-holding impact, compounded by turnover costs that bleed returns in choppy liquidity environments.

Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 2565 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IWF	Ishares Russell 1000 Growth	ETF-Other	3.04%	-0.11%	-2.34%
2	IWD	Ishares Russell 1000 Value E	ETF-Other	2.80%	—	-2.12%
3	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.49%	+0.03%	+2.39%
4	AAPL	Apple INC	Stock-Tech	2.42%	+0.05%	+1.58%
5	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.78%	+0.18%	+13.44%
6	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.48%	+0.03%	+4.59%
7	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	1.35%	-0.01%	+1.95%
8	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.08%	+0.07%	+4.63%
9	✓		Stock-Other	1.06%	+0.02%	+2.40%
10	XOM	Exxon Mobil CORP	Stock-Energy	1.05%	—	+2.31%
11	JNJ	Johnson & Johnson	Stock-Healthcare	0.98%	—	+1.58%
12	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.93%	+0.07%	+7.77%
13	IWP	Ishares Russell Mid-cap Grow	ETF-Other	0.91%	—	+1.73%
14	IJH	Ishares Core S&p Midcap ETF	ETF-Other	0.91%	+0.02%	+4.50%
15	T	At&t INC	Stock-Comm Services	0.88%	+0.02%	+4.19%
16	IWS	Ishares Russell Mid-cap Valu	ETF-Other	0.81%	—	+2.02%
17	VUG	Vanguard Growth ETF	ETF-Other	0.81%	+0.01%	+3.02%
18	VZ	Verizon Communications INC	Stock-Comm Services	0.79%	+0.04%	+1.67%
19	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.78%	+0.02%	+2.64%
20	AEP	American Electric Power Company, Inc.	Stock-Utilities	0.76%	-0.15%	-0.34%
21	MSFT	Microsoft CORP	Stock-Tech	0.75%	+0.02%	+1.72%
22	IWN	Ishares Russell 2000 Value E	ETF-Small Cap	0.75%	+0.01%	+2.53%
23	BSV	Vanguard Short-term Bond ETF	ETF-Other	0.74%	+0.08%	+19.23%
24	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.74%	—	+1.74%
25	VTV	Vanguard Value ETF	ETF-Other	0.70%	+0.02%	+5.88%
26	VIG	Vanguard Dividend Apprec ETF	ETF-Other	0.69%	—	+3.14%
27	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.69%	—	+1.66%
28	IVW	Ishares S&p 500 Growth ETF	ETF-Large Cap & Growth	0.66%	—	+0.19%
29	IXUS	Ishares Core Intl Stock ETF	ETF-Other	0.65%	+0.07%	+13.38%
30	FSICUSD	Fs Kkr Capital CORP	Stock-Other	0.63%	—	+1.80%
31	ITOT	Ishares Core S&p Total U.s.	ETF-Other	0.61%	+0.02%	+5.18%
32	EFA	Ishares Msci Eafe ETF	ETF-Other	0.58%	+0.02%	+4.14%
33	IWO	Ishares Russell 2000 Growth	ETF-Small Cap	0.56%	—	+1.24%
34	SCHD	Schwab U.S. Dividend Equity ETF	ETF-Other	0.55%	—	-2.18%
35	VYM	Vanguard High Dvd Yield ETF	ETF-Other	0.55%	—	-0.12%
36	USMV	Ishares Msci USA Min Vol Fac	ETF-Other	0.55%	+0.01%	+5.76%
37	PFE	Pfizer INC	Stock-Healthcare	0.54%	+0.01%	+1.74%
38	CVX	Chevron CORP	Stock-Energy	0.53%	+0.03%	+1.23%
39	AMZN	Amazon.com INC	Stock-Consumer Disc	0.52%	+0.02%	+12.05%
40	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.51%	—	+2.64%
41	PFF	Ishares Preferred & Income S	ETF-Other	0.50%	—	+2.14%
42	TFI	Ss Spdr N Ice Muni Bond ETF	ETF-Other	0.50%	—	+4.14%
43	MO	Altria Group INC	Stock-Consumer Staples	0.49%	-0.11%	+1.78%
44	IVE	Ishares S&p 500 Value ETF	ETF-Large Cap & Growth	0.49%	—	+0.10%
45	VB	Vanguard Small-cap ETF	ETF-Other	0.46%	+0.01%	+5.26%
46	SDY	Ss Spdr S&p Dividend ETF	ETF-Other	0.45%	—	-1.22%
47	META	Meta Platforms Inc-class A	Stock-Comm Services	0.45%	+0.05%	+6.94%
48	VO	Vanguard Mid-cap ETF	ETF-Other	0.45%	—	+1.57%
49	PEP	Pepsico INC	Stock-Consumer Staples	0.44%	—	+0.33%
50	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.43%	—	-0.21%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2017-09-30	2565	$16.7B	11	1IWF 2IWD 3VEA Top holdings2017-09-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.BRK-B 9.73935A 10.XOM
2017-06-30	2518	$15.7B	10	1IWF 2IWD 3VEA Top holdings2017-06-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.XOM 9.JNJ 10.73935A
2017-03-31	2414	$14.9B	15	1IWF 2IWD 3VEA Top holdings2017-03-31 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.XOM 9.AEP 10.BRK-B
2016-12-31	2318	$13.5B	15	1IWD 2IWF 3VEA Top holdings2016-12-31 1.IWD 2.IWF 3.VEA 4.AAPL 5.SPY 6.XOM 7.VTI 8.IVV 9.AEP 10.T
2016-09-30	2254	$12.6B	11	1IWF 2IWD 3VEA Top holdings2016-09-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.SPY 6.XOM 7.IVV 8.AEP 9.VTI 10.JNJ
2016-06-30	2240	$11.9B	12	1IWF 2IWD 3VEA Top holdings2016-06-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.XOM 6.SPY 7.AEP 8.IVV 9.JNJ 10.T
2016-03-31	2209	$11.2B	16	1IWF 2IWD 3AAPL Top holdings2016-03-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.IVV 9.JNJ 10.VZ
2015-12-31	2194	$10.6B	16	1IWF 2IWD 3AAPL Top holdings2015-12-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.AEP 7.XOM 8.IVV 9.73935A 10.JNJ
2015-09-30	2144	$9.5B	14	1IWF 2IWD 3AAPL Top holdings2015-09-30 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.BRK-B 9.FSICUSD 10.73935A
2015-06-30	2193	$10.1B	12	1IWF 2IWD 3AAPL Top holdings2015-06-30 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.BRK-B 9.FSICUSD 10.IWP
2015-03-31	2183	$9.6B	15	1IWF 2IWD 3AAPL Top holdings2015-03-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.XOM 6.SPY 7.BRK-B 8.FSICUSD 9.AEP 10.73935A
2014-12-31	2095	$8.9B	17	1IWF 2IWD 3AAPL Top holdings2014-12-31 1.IWF 2.IWD 3.AAPL 4.XOM 5.VEA 6.SPY 7.BRK-B 8.FSICUSD 9.AEP 10.73935A
2014-09-30	2092	$8.2B	13	1IWF 2IWD 3AAPL Top holdings2014-09-30 1.IWF 2.IWD 3.AAPL 4.XOM 5.VEA 6.FSICUSD 7.SPY 8.BRK-B 9.AEP 10.JNJ
2014-06-30	2061	$8.2B	18	1FSICUSD 2IWF 3IWD Top holdings2014-06-30 1.FSICUSD 2.IWF 3.IWD 4.AAPL 5.XOM 6.VEA 7.SPY 8.AEP 9.BRK-B 10.JNJ
2014-03-31	1991	$7.2B	13	1IWF 2IWD 3XOM Top holdings2014-03-31 1.IWF 2.IWD 3.XOM 4.AAPL 5.VEA 6.SPY 7.AEP 8.BRK-B 9.IWP 10.73935A
2013-12-31	1924	$6.9B	19	1IWF 2IWD 3AAPL Top holdings2013-12-31 1.IWF 2.IWD 3.AAPL 4.XOM 5.SPY 6.VEA 7.AEP 8.IWP 9.BRK-B 10.73935A
2013-09-30	1871	$6.2B	17	1IWF 2IWD 3XOM Top holdings2013-09-30 1.IWF 2.IWD 3.XOM 4.AAPL 5.SPY 6.VEA 7.AEP 8.BRK-B 9.T 10.JNJ
2013-06-30	1821	$5.7B	0	1IWF 2XOM 3IWD Top holdings2013-06-30 1.IWF 2.XOM 3.IWD 4.AAPL 5.SPY 6.AEP 7.VZ 8.BRK-B 9.VEA 10.T

Holding changes this quarter

Commonwealth Equity Services, Inc's most significant position changes for 2017-09-30: New buy: DuPont de Nemours, Inc. (DD); Sold out: Dow Chem Co (DOW); Sold out: Du Pont E I De Nemour&Co (DUK); Sold out: Reynolds Consumer Products Inc. (REYN); Add: Vanguard Total Stock Mkt ETF (VTI) — shares +13.44%.

Position changes disclosed by Commonwealth Equity Services, Inc for the quarter ending 2017-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VTI	Vanguard Total Stock Mkt ETF	+0.2%	+13.44%	Add
2	BSV	Vanguard Short-term Bond ETF	+0.1%	+19.23%	Add
3	BRK-B	Berkshire Hathaway Inc-cl B	+0.1%	+4.63%	Add
4	IJR	Ishares Core S&p Small-cap E	+0.1%	+7.77%	Add
5	IXUS	Ishares Core Intl Stock ETF	+0.1%	+13.38%	Add
6	BA	Boeing Co/the	+0.1%	+2.04%	Add
7	MTUM	Ishares Msci USA Momentum Fa	+0.1%	+44.56%	Add
8	AAPL	Apple INC	+0.1%	+1.58%	Add
9	META	Meta Platforms Inc-class A	+0.1%	+6.94%	Add
10	INTC	Intel CORP	+0.1%	+8.52%	Add
11	ABBV	Abbvie INC	+0.1%	+1.78%	Add
12	VCSH	Vanguard S/t CORP Bond ETF	+0.1%	+28.65%	Add
13	FDRR	Fidelity Div ETF Rise Rates	+0.1%	+155.85%	Add
14	VZ	Verizon Communications INC	0%	+1.67%	Add
15	NEE	Nextera Energy INC	0%	+13.34%	Add
16	EMHY	Ishares J.p. Morgan Em High	0%	+73.05%	Add
17	BTI	British American Tob-sp Adr	0%	+358.64%	Add
18	VEA	Vanguard Ftse Developed ETF	0%	+2.39%	Add
19	IVV	Ishares Core S&p 500 ETF	0%	+4.59%	Add
20	CVX	Chevron CORP	0%	+1.23%	Add
21	HD	Home Depot INC	0%	+7.35%	Add
22	✓		0%	+2.40%	Add
23	VWO	Vanguard Ftse Emerging Marke	0%	+2.64%	Add
24	MSFT	Microsoft CORP	0%	+1.72%	Add
25	T	At&t INC	0%	+4.19%	Add
26	IJH	Ishares Core S&p Midcap ETF	0%	+4.50%	Add
27	VTV	Vanguard Value ETF	0%	+5.88%	Add
28	AMZN	Amazon.com INC	0%	+12.05%	Add
29	ITOT	Ishares Core S&p Total U.s.	0%	+5.18%	Add
30	EFA	Ishares Msci Eafe ETF	0%	+4.14%	Add
31	HDV	Ishares Core High Dividend E	0%	+9.34%	Add
32	GLD	Spdr Gold Shares	0%	+12.83%	Add
33	VUG	Vanguard Growth ETF	0%	+3.02%	Add
34	IWN	Ishares Russell 2000 Value E	0%	+2.53%	Add
35	USMV	Ishares Msci USA Min Vol Fac	0%	+5.76%	Add
36	VB	Vanguard Small-cap ETF	0%	+5.26%	Add
37	PFE	Pfizer INC	0%	+1.74%	Add
38	IWP	Ishares Russell Mid-cap Grow	—	+1.73%	Add
39	PG	Procter & Gamble Co/the	—	+1.74%	Add
40	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+1.95%	Add
41	HEFA	Isha Curr Hedged Msci Eafe	-0.1%	-20.62%	Trim
42	DHS	Wisdomtree US High Dividend	-0.1%	-51.92%	Trim
43	TIP	Ishares Tips Bond ETF	-0.1%	-18.78%	Trim
44	IWF	Ishares Russell 1000 Growth	-0.1%	-2.34%	Trim
45	MO	Altria Group INC	-0.1%	+1.78%	Add
46	AEP	American Electric Power Company, Inc.	-0.2%	-0.34%	Trim
47	DD	DuPont de Nemours, Inc.	—	NEW	New buy
48	DOW	Dow Chem Co	—	EXIT	Sold out
49	DUK	Du Pont E I De Nemour&Co	—	EXIT	Sold out
50	REYN	Reynolds Consumer Products Inc.	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2017-09-30	2018-02-16	Amendment	View on EDGAR
2017-09-30	2017-11-07	13F-HR	View on EDGAR
2017-06-30	2018-02-16	Amendment	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2018-02-16	Amendment	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2018-02-16	Amendment	View on EDGAR
2016-12-31	2017-02-01	13F-HR	View on EDGAR
2016-09-30	2016-10-25	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-04-27	13F-HR	View on EDGAR
2015-12-31	2016-01-19	13F-HR	View on EDGAR
2015-09-30	2015-10-27	13F-HR	View on EDGAR
2015-06-30	2015-07-28	13F-HR	View on EDGAR
2015-03-31	2015-04-28	13F-HR	View on EDGAR
2014-12-31	2015-01-13	13F-HR	View on EDGAR
2014-09-30	2014-10-17	13F-HR	View on EDGAR
2014-06-30	2014-07-23	13F-HR	View on EDGAR
2014-03-31	2014-05-07	13F-HR	View on EDGAR
2013-12-31	2014-02-11	13F-HR	View on EDGAR
2013-09-30	2013-11-04	13F-HR	View on EDGAR
2013-06-30	2013-07-29	13F-HR	View on EDGAR

FAQ

What is Commonwealth Equity Services, Inc and what type of investor is it?

Commonwealth Equity Services, Inc is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-09-30), the firm manages a tracked equity portfolio valued at approximately $16.7B, spread across 2565 disclosed positions.

What are Commonwealth Equity Services, Inc's largest equity positions?

Based on the latest 13F filing, Commonwealth Equity Services, Inc's top holdings by market value are: 1. Ishares Russell 1000 Growth (IWF) — $508.6M (3.0%) 2. Ishares Russell 1000 Value E (IWD) — $468.1M (2.8%) 3. Vanguard Ftse Developed ETF (VEA) — $416.7M (2.5%) 4. Apple INC (AAPL) — $404.9M (2.4%) 5. Vanguard Total Stock Mkt ETF (VTI) — $298.1M (1.8%)

What changes did Commonwealth Equity Services, Inc make in its most recent portfolio filing?

In the latest reported quarter, Commonwealth Equity Services, Inc made 50 notable position adjustments: 1 new positions were initiated, 41 existing holdings were added to, 5 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: DuPont de Nemours, Inc. (DD); Sold out: Dow Chem Co (DOW); Sold out: Du Pont E I De Nemour&Co (DUK); Sold out: Reynolds Consumer Products Inc. (REYN); Add: Vanguard Total Stock Mkt ETF (VTI) — shares +13.44%

What sectors does Commonwealth Equity Services, Inc focus on?

Commonwealth Equity Services, Inc is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 21.9% • Health Care: 16.3% • Communication Services: 14.3% • Financials: 12.9% • Consumer Staples: 10.1% • Consumer Discretionary: 9.1%

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Commonwealth Equity Services, Inc — Quarterly 13F Portfolio Report

CIK: 0001333978

Diversified strategyMomentum followerLong-term holder

Total reported value

$16.7B

Reporting period: 2017-09-30 · Number of holdings: 2565

Commonwealth Equity Services, Inc disclosed 2565 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $16.7B and a quarterly turnover rate of 10.6%.

Browse other institutions with $10B to $100B AUM Browse other institutions starting with "C"

Personality snowflake

Concentration: 2.61
Portfolio Stability: 10.62
Momentum/Contrarian: 99.11
Sector conviction: 42.39
Diversification: 100
Sizing Uniformity: 60.29

Position sizes vary widely across the portfolio (a coefficient of variation of 3.97), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add VTI
+13.4%　$45.6M
Trim AEP
-0.3%　-$15.4M
Trim IWF
-2.3%　$13.0M
Trim MO
+1.8%　-$12.7M
Add BSV
+19.2%　$19.9M
Add BRK-B
+4.6%　$21.1M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Macro & Fundamentals

Blind Spots / Risks

Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 2565 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IWF	Ishares Russell 1000 Growth	ETF-Other	3.04%	-0.11%	-2.34%
2	IWD	Ishares Russell 1000 Value E	ETF-Other	2.80%	—	-2.12%
3	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.49%	+0.03%	+2.39%
4	AAPL	Apple INC	Stock-Tech	2.42%	+0.05%	+1.58%
5	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.78%	+0.18%	+13.44%
6	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.48%	+0.03%	+4.59%
7	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	1.35%	-0.01%	+1.95%
8	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.08%	+0.07%	+4.63%
9	✓		Stock-Other	1.06%	+0.02%	+2.40%
10	XOM	Exxon Mobil CORP	Stock-Energy	1.05%	—	+2.31%
11	JNJ	Johnson & Johnson	Stock-Healthcare	0.98%	—	+1.58%
12	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.93%	+0.07%	+7.77%
13	IWP	Ishares Russell Mid-cap Grow	ETF-Other	0.91%	—	+1.73%
14	IJH	Ishares Core S&p Midcap ETF	ETF-Other	0.91%	+0.02%	+4.50%
15	T	At&t INC	Stock-Comm Services	0.88%	+0.02%	+4.19%
16	IWS	Ishares Russell Mid-cap Valu	ETF-Other	0.81%	—	+2.02%
17	VUG	Vanguard Growth ETF	ETF-Other	0.81%	+0.01%	+3.02%
18	VZ	Verizon Communications INC	Stock-Comm Services	0.79%	+0.04%	+1.67%
19	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.78%	+0.02%	+2.64%
20	AEP	American Electric Power Company, Inc.	Stock-Utilities	0.76%	-0.15%	-0.34%
21	MSFT	Microsoft CORP	Stock-Tech	0.75%	+0.02%	+1.72%
22	IWN	Ishares Russell 2000 Value E	ETF-Small Cap	0.75%	+0.01%	+2.53%
23	BSV	Vanguard Short-term Bond ETF	ETF-Other	0.74%	+0.08%	+19.23%
24	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.74%	—	+1.74%
25	VTV	Vanguard Value ETF	ETF-Other	0.70%	+0.02%	+5.88%
26	VIG	Vanguard Dividend Apprec ETF	ETF-Other	0.69%	—	+3.14%
27	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.69%	—	+1.66%
28	IVW	Ishares S&p 500 Growth ETF	ETF-Large Cap & Growth	0.66%	—	+0.19%
29	IXUS	Ishares Core Intl Stock ETF	ETF-Other	0.65%	+0.07%	+13.38%
30	FSICUSD	Fs Kkr Capital CORP	Stock-Other	0.63%	—	+1.80%
31	ITOT	Ishares Core S&p Total U.s.	ETF-Other	0.61%	+0.02%	+5.18%
32	EFA	Ishares Msci Eafe ETF	ETF-Other	0.58%	+0.02%	+4.14%
33	IWO	Ishares Russell 2000 Growth	ETF-Small Cap	0.56%	—	+1.24%
34	SCHD	Schwab U.S. Dividend Equity ETF	ETF-Other	0.55%	—	-2.18%
35	VYM	Vanguard High Dvd Yield ETF	ETF-Other	0.55%	—	-0.12%
36	USMV	Ishares Msci USA Min Vol Fac	ETF-Other	0.55%	+0.01%	+5.76%
37	PFE	Pfizer INC	Stock-Healthcare	0.54%	+0.01%	+1.74%
38	CVX	Chevron CORP	Stock-Energy	0.53%	+0.03%	+1.23%
39	AMZN	Amazon.com INC	Stock-Consumer Disc	0.52%	+0.02%	+12.05%
40	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.51%	—	+2.64%
41	PFF	Ishares Preferred & Income S	ETF-Other	0.50%	—	+2.14%
42	TFI	Ss Spdr N Ice Muni Bond ETF	ETF-Other	0.50%	—	+4.14%
43	MO	Altria Group INC	Stock-Consumer Staples	0.49%	-0.11%	+1.78%
44	IVE	Ishares S&p 500 Value ETF	ETF-Large Cap & Growth	0.49%	—	+0.10%
45	VB	Vanguard Small-cap ETF	ETF-Other	0.46%	+0.01%	+5.26%
46	SDY	Ss Spdr S&p Dividend ETF	ETF-Other	0.45%	—	-1.22%
47	META	Meta Platforms Inc-class A	Stock-Comm Services	0.45%	+0.05%	+6.94%
48	VO	Vanguard Mid-cap ETF	ETF-Other	0.45%	—	+1.57%
49	PEP	Pepsico INC	Stock-Consumer Staples	0.44%	—	+0.33%
50	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.43%	—	-0.21%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2017-09-30	2565	$16.7B	11	1IWF 2IWD 3VEA Top holdings2017-09-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.BRK-B 9.73935A 10.XOM
2017-06-30	2518	$15.7B	10	1IWF 2IWD 3VEA Top holdings2017-06-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.XOM 9.JNJ 10.73935A
2017-03-31	2414	$14.9B	15	1IWF 2IWD 3VEA Top holdings2017-03-31 1.IWF 2.IWD 3.VEA 4.AAPL 5.VTI 6.IVV 7.SPY 8.XOM 9.AEP 10.BRK-B
2016-12-31	2318	$13.5B	15	1IWD 2IWF 3VEA Top holdings2016-12-31 1.IWD 2.IWF 3.VEA 4.AAPL 5.SPY 6.XOM 7.VTI 8.IVV 9.AEP 10.T
2016-09-30	2254	$12.6B	11	1IWF 2IWD 3VEA Top holdings2016-09-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.SPY 6.XOM 7.IVV 8.AEP 9.VTI 10.JNJ
2016-06-30	2240	$11.9B	12	1IWF 2IWD 3VEA Top holdings2016-06-30 1.IWF 2.IWD 3.VEA 4.AAPL 5.XOM 6.SPY 7.AEP 8.IVV 9.JNJ 10.T
2016-03-31	2209	$11.2B	16	1IWF 2IWD 3AAPL Top holdings2016-03-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.IVV 9.JNJ 10.VZ
2015-12-31	2194	$10.6B	16	1IWF 2IWD 3AAPL Top holdings2015-12-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.AEP 7.XOM 8.IVV 9.73935A 10.JNJ
2015-09-30	2144	$9.5B	14	1IWF 2IWD 3AAPL Top holdings2015-09-30 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.BRK-B 9.FSICUSD 10.73935A
2015-06-30	2193	$10.1B	12	1IWF 2IWD 3AAPL Top holdings2015-06-30 1.IWF 2.IWD 3.AAPL 4.VEA 5.SPY 6.XOM 7.AEP 8.BRK-B 9.FSICUSD 10.IWP
2015-03-31	2183	$9.6B	15	1IWF 2IWD 3AAPL Top holdings2015-03-31 1.IWF 2.IWD 3.AAPL 4.VEA 5.XOM 6.SPY 7.BRK-B 8.FSICUSD 9.AEP 10.73935A
2014-12-31	2095	$8.9B	17	1IWF 2IWD 3AAPL Top holdings2014-12-31 1.IWF 2.IWD 3.AAPL 4.XOM 5.VEA 6.SPY 7.BRK-B 8.FSICUSD 9.AEP 10.73935A
2014-09-30	2092	$8.2B	13	1IWF 2IWD 3AAPL Top holdings2014-09-30 1.IWF 2.IWD 3.AAPL 4.XOM 5.VEA 6.FSICUSD 7.SPY 8.BRK-B 9.AEP 10.JNJ
2014-06-30	2061	$8.2B	18	1FSICUSD 2IWF 3IWD Top holdings2014-06-30 1.FSICUSD 2.IWF 3.IWD 4.AAPL 5.XOM 6.VEA 7.SPY 8.AEP 9.BRK-B 10.JNJ
2014-03-31	1991	$7.2B	13	1IWF 2IWD 3XOM Top holdings2014-03-31 1.IWF 2.IWD 3.XOM 4.AAPL 5.VEA 6.SPY 7.AEP 8.BRK-B 9.IWP 10.73935A
2013-12-31	1924	$6.9B	19	1IWF 2IWD 3AAPL Top holdings2013-12-31 1.IWF 2.IWD 3.AAPL 4.XOM 5.SPY 6.VEA 7.AEP 8.IWP 9.BRK-B 10.73935A
2013-09-30	1871	$6.2B	17	1IWF 2IWD 3XOM Top holdings2013-09-30 1.IWF 2.IWD 3.XOM 4.AAPL 5.SPY 6.VEA 7.AEP 8.BRK-B 9.T 10.JNJ
2013-06-30	1821	$5.7B	0	1IWF 2XOM 3IWD Top holdings2013-06-30 1.IWF 2.XOM 3.IWD 4.AAPL 5.SPY 6.AEP 7.VZ 8.BRK-B 9.VEA 10.T

Holding changes this quarter

Position changes disclosed by Commonwealth Equity Services, Inc for the quarter ending 2017-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VTI	Vanguard Total Stock Mkt ETF	+0.2%	+13.44%	Add
2	BSV	Vanguard Short-term Bond ETF	+0.1%	+19.23%	Add
3	BRK-B	Berkshire Hathaway Inc-cl B	+0.1%	+4.63%	Add
4	IJR	Ishares Core S&p Small-cap E	+0.1%	+7.77%	Add
5	IXUS	Ishares Core Intl Stock ETF	+0.1%	+13.38%	Add
6	BA	Boeing Co/the	+0.1%	+2.04%	Add
7	MTUM	Ishares Msci USA Momentum Fa	+0.1%	+44.56%	Add
8	AAPL	Apple INC	+0.1%	+1.58%	Add
9	META	Meta Platforms Inc-class A	+0.1%	+6.94%	Add
10	INTC	Intel CORP	+0.1%	+8.52%	Add
11	ABBV	Abbvie INC	+0.1%	+1.78%	Add
12	VCSH	Vanguard S/t CORP Bond ETF	+0.1%	+28.65%	Add
13	FDRR	Fidelity Div ETF Rise Rates	+0.1%	+155.85%	Add
14	VZ	Verizon Communications INC	0%	+1.67%	Add
15	NEE	Nextera Energy INC	0%	+13.34%	Add
16	EMHY	Ishares J.p. Morgan Em High	0%	+73.05%	Add
17	BTI	British American Tob-sp Adr	0%	+358.64%	Add
18	VEA	Vanguard Ftse Developed ETF	0%	+2.39%	Add
19	IVV	Ishares Core S&p 500 ETF	0%	+4.59%	Add
20	CVX	Chevron CORP	0%	+1.23%	Add
21	HD	Home Depot INC	0%	+7.35%	Add
22	✓		0%	+2.40%	Add
23	VWO	Vanguard Ftse Emerging Marke	0%	+2.64%	Add
24	MSFT	Microsoft CORP	0%	+1.72%	Add
25	T	At&t INC	0%	+4.19%	Add
26	IJH	Ishares Core S&p Midcap ETF	0%	+4.50%	Add
27	VTV	Vanguard Value ETF	0%	+5.88%	Add
28	AMZN	Amazon.com INC	0%	+12.05%	Add
29	ITOT	Ishares Core S&p Total U.s.	0%	+5.18%	Add
30	EFA	Ishares Msci Eafe ETF	0%	+4.14%	Add
31	HDV	Ishares Core High Dividend E	0%	+9.34%	Add
32	GLD	Spdr Gold Shares	0%	+12.83%	Add
33	VUG	Vanguard Growth ETF	0%	+3.02%	Add
34	IWN	Ishares Russell 2000 Value E	0%	+2.53%	Add
35	USMV	Ishares Msci USA Min Vol Fac	0%	+5.76%	Add
36	VB	Vanguard Small-cap ETF	0%	+5.26%	Add
37	PFE	Pfizer INC	0%	+1.74%	Add
38	IWP	Ishares Russell Mid-cap Grow	—	+1.73%	Add
39	PG	Procter & Gamble Co/the	—	+1.74%	Add
40	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+1.95%	Add
41	HEFA	Isha Curr Hedged Msci Eafe	-0.1%	-20.62%	Trim
42	DHS	Wisdomtree US High Dividend	-0.1%	-51.92%	Trim
43	TIP	Ishares Tips Bond ETF	-0.1%	-18.78%	Trim
44	IWF	Ishares Russell 1000 Growth	-0.1%	-2.34%	Trim
45	MO	Altria Group INC	-0.1%	+1.78%	Add
46	AEP	American Electric Power Company, Inc.	-0.2%	-0.34%	Trim
47	DD	DuPont de Nemours, Inc.	—	NEW	New buy
48	DOW	Dow Chem Co	—	EXIT	Sold out
49	DUK	Du Pont E I De Nemour&Co	—	EXIT	Sold out
50	REYN	Reynolds Consumer Products Inc.	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2017-09-30	2018-02-16	Amendment	View on EDGAR
2017-09-30	2017-11-07	13F-HR	View on EDGAR
2017-06-30	2018-02-16	Amendment	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2018-02-16	Amendment	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2018-02-16	Amendment	View on EDGAR
2016-12-31	2017-02-01	13F-HR	View on EDGAR
2016-09-30	2016-10-25	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-04-27	13F-HR	View on EDGAR
2015-12-31	2016-01-19	13F-HR	View on EDGAR
2015-09-30	2015-10-27	13F-HR	View on EDGAR
2015-06-30	2015-07-28	13F-HR	View on EDGAR
2015-03-31	2015-04-28	13F-HR	View on EDGAR
2014-12-31	2015-01-13	13F-HR	View on EDGAR
2014-09-30	2014-10-17	13F-HR	View on EDGAR
2014-06-30	2014-07-23	13F-HR	View on EDGAR
2014-03-31	2014-05-07	13F-HR	View on EDGAR
2013-12-31	2014-02-11	13F-HR	View on EDGAR
2013-09-30	2013-11-04	13F-HR	View on EDGAR
2013-06-30	2013-07-29	13F-HR	View on EDGAR