CIK: 0001632972
Total reported value
$49.1B
Reporting period: 2026-03-31 · Number of holdings: 3722
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC disclosed 3722 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $49.1B and a quarterly turnover rate of 46.1%.
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Wealth Enhancement Advisory Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 106 equally-sized positions, well below its 3722 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 5.71), 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 41% 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.
Trim AVGO
-83.6% -$2.5B
Trim DWAS
-91.0% -$402.5M
Add AGG
-23.9% -$491.7M
Trim MSFT
-20.6% -$645.5M
Trim V
-55.3% -$316.1M
Add KLAC
+321.4% $142.6M
The firm executes a decisive capital rotation this quarter, shedding concentrated mega-cap tech exposure and broad market beta to fund a highly diversified domestic equity basket with a slight defensive tilt. Trimming positions across AVGO, AAPL, MSFT, NVDA, and IVV while expanding aggregate bond weight signals a deliberate pivot toward relative value distribution over top-heavy growth concentration.
The portfolio embeds a regime bet on valuation compression within crowded trades, positioning for a liquidity trap in non-mega-cap equities that forces capital down the risk spectrum into mid-caps and sector-diversified holdings. The opposing thesis argues that structural rate cuts keep mega-cap tech cash flows undiscounted, preserving their premium despite elevated multiples.
Structural fragility stems from the 100-out-of-100 diversification score paired with a 3,569-holding inventory; portfolio-level alpha generation will inevitably dilute against transaction costs and rebalancing friction, turning this broad-market positioning squeeze into a beta-heavy drag if liquidity dries up across non-blue-chip names.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Showing top 200 holdings (of 3722 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 6.00% | -0.16% | -31.41% | |
| 2 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 3.00% | +0.34% | -23.93% | |
| 3 | AAPL | Apple INC | Stock-Tech | 2.69% | -0.09% | -28.06% | |
| 4 | SMTH | Alps Smth Cor Bd Plus ETF | ETF-Other | 2.19% | +0.23% | -24.12% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 1.98% | +0.01% | -16.43% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 1.63% | -0.33% | -20.63% | |
| 7 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.44% | +0.28% | -20.94% | |
| 8 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.41% | +0.02% | -29.55% | |
| 9 | USVM | Victoryshares US Small Mid C | ETF-Other | 1.34% | +0.22% | -20.54% | |
| 10 | JMOM | Jpmorgan US Momentum Factor | ETF-Other | 1.28% | +0.11% | -25.50% | |
| 11 | AVLV | Avantis US Large Cap Value | ETF-Large Cap & Growth | 1.27% | +0.16% | -25.79% | |
| 12 | IMTM | Ishares Msci Intl Momentum F | ETF-Other | 1.18% | -0.15% | -39.70% | |
| 13 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.14% | -0.14% | -25.12% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.12% | -0.09% | -25.76% | |
| 15 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 1.06% | +0.13% | -22.47% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.95% | — | -8.12% | |
| 17 | UYLD | Angel Oak Ultrashort Income | ETF-Other | 0.86% | +0.10% | -23.34% | |
| 18 | SPHQ | Invesco S&p 500 Quality ETF | ETF-Large Cap & Growth | 0.85% | +0.02% | -30.43% | |
| 19 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 0.83% | -0.06% | -37.37% | |
| 20 | AVDE | Avantis International Equity | ETF-Other | 0.81% | — | -8.28% | |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.74% | +0.09% | -4.54% | |
| 22 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.71% | -0.05% | -33.99% | |
| 23 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.69% | — | -19.68% | |
| 24 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.67% | -0.08% | -23.12% | |
| 25 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.58% | -0.13% | -42.31% | |
| 26 | VTV | Vanguard Value ETF | ETF-Other | 0.58% | — | -16.61% | |
| 27 | XOM | Exxon Mobil CORP | Stock-Energy | 0.56% | — | -30.27% | |
| 28 | AVGO | Broadcom INC | Stock-Tech | 0.54% | -3.23% | -83.61% | |
| 29 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.50% | +0.02% | -27.06% | |
| 30 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.50% | +0.01% | -22.57% | |
| 31 | WMT | Walmart INC | Stock-Consumer Staples | 0.49% | +0.02% | -34.92% | |
| 32 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.49% | -0.05% | -32.10% | |
| 33 | LRCX | Lam Research CORP | Stock-Tech | 0.45% | -0.09% | -44.42% | |
| 34 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.43% | -0.07% | -35.35% | |
| 35 | VUG | Vanguard Growth ETF | ETF-Other | 0.42% | +0.02% | -23.22% | |
| 36 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.42% | +0.01% | -27.28% | |
| 37 | FLIA | Franklin International Aggre | ETF-Other | 0.41% | — | -23.24% | |
| 38 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.38% | — | -24.82% | |
| 39 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.37% | -0.02% | -36.05% | |
| 40 | KLAC | Kla CORP | Stock-Tech | 0.37% | +0.31% | +321.35% | |
| 41 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.37% | -0.04% | -40.22% | |
| 42 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.37% | — | -21.67% | |
| 43 | CVX | Chevron CORP | Stock-Energy | 0.36% | — | -24.06% | |
| 44 | APH | Amphenol Corp-cl A | Stock-Tech | 0.34% | +0.29% | +500.67% | |
| 45 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.34% | -0.30% | -54.56% | |
| 46 | BAC | Bank Of America CORP | Stock-Financials | 0.34% | — | +31.75% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.33% | — | -26.95% | |
| 48 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 0.33% | -0.05% | -41.84% | |
| 49 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.33% | -0.03% | -39.19% | |
| 50 | V | Visa Inc-class A Shares | Stock-Financials | 0.32% | -0.32% | -55.31% |
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+21.1%
Based on 70% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 3722 | $49.1B | 46 | |
| 2025-12-31 | 3925 | $73.7B | 18 | |
| 2025-09-30 | 3831 | $66.1B | 28 | |
| 2025-06-30 | 3397 | $60.5B | 0 | |
| 2025-03-31 | 2974 | $52.3B | 20 | |
| 2024-12-31 | 2944 | $52.2B | 100 | |
| 2024-09-30 | 2793 | $46.5B | 0 | |
| 2024-06-30 | 2617 | $42.1B | 0 | |
| 2024-03-31 | 2481 | $38.7B | 0 | |
| 2023-12-31 | 2344 | $34.4B | 0 | |
| 2023-09-30 | 2330 | $30.4B | 0 | |
| 2023-06-30 | 511 | $9.3B | 0 | |
| 2023-03-31 | 519 | $8.6B | 0 | |
| 2022-12-31 | 317 | $7.8B | 0 | |
| 2022-09-30 | 317 | $7.0B | 0 | |
| 2022-06-30 | 324 | $7.2B | 0 | |
| 2022-03-31 | 310 | $7.4B | 0 | |
| 2021-12-31 | 293 | $7.0B | 0 | |
| 2021-09-30 | 286 | $6.8B | 0 | |
| 2021-06-30 | 264 | $6.2B | 100 | |
| 2021-03-31 | 260 | $5.5B | 22 | |
| 2020-12-31 | 215 | $4.4B | 22 | |
| 2020-09-30 | 205 | $3.8B | 16 | |
| 2020-06-30 | 208 | $3.5B | 40 | |
| 2020-03-31 | 212 | $2.8B | 59 | |
| 2019-12-31 | 206 | $2.8B | 19 | |
| 2019-09-30 | 197 | $2.5B | 19 | |
| 2019-06-30 | 196 | $2.3B | 36 | |
| 2019-03-31 | 176 | $1.8B | 30 | |
| 2018-12-31 | 164 | $1.6B | 21 | |
| 2018-09-30 | 163 | $1.7B | 30 | |
| 2018-06-30 | 158 | $1.6B | 31 | |
| 2018-03-31 | 140 | $1.5B | 21 | |
| 2017-12-31 | 138 | $1.4B | 26 | |
| 2017-09-30 | 136 | $1.2B | 31 | |
| 2017-06-30 | 136 | $1.1B | 34 | |
| 2017-03-31 | 134 | $941.5M | 36 | |
| 2016-12-31 | 138 | $823.8M | 42 | |
| 2016-09-30 | 132 | $671.1M | 52 | |
| 2016-06-30 | 114 | $552.8M | 22 | |
| 2016-03-31 | 113 | $493.4M | 30 | |
| 2015-12-31 | 116 | $394.7M | 33 | |
| 2015-09-30 | 115 | $328.3M | 21 | |
| 2015-06-30 | 115 | $324.1M | 32 | |
| 2015-03-31 | 105 | $260.2M | 26 | |
| 2014-12-31 | 106 | $253.8M | — |
Wealth Enhancement Advisory Services, LLC's most significant position changes for 2026-03-31: Trim: Broadcom INC (AVGO) — shares -83.61%; Trim: Invesco Dorsey Wright Smallc (DWAS) — shares -91.02%; Trim: Ishares Core U.s. Aggregate (AGG) — shares -23.93%; Trim: Microsoft CORP (MSFT) — shares -20.63%; Trim: Visa Inc-class A Shares (V) — shares -55.31%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AGG | Ishares Core U.s. Aggregate | +0.3% | -23.93% | Trim |
| 2 | KLAC | Kla CORP | +0.3% | +321.35% | Add |
| 3 | APH | Amphenol Corp-cl A | +0.3% | +500.67% | Add |
| 4 | FNDF | Schwab Fndmn Intl Lrg Co ETF | +0.3% | -20.94% | Trim |
| 5 | SMTH | Alps Smth Cor Bd Plus ETF | +0.2% | -24.12% | Trim |
| 6 | USVM | Victoryshares US Small Mid C | +0.2% | -20.54% | Trim |
| 7 | VGIT | Vanguard Intermediate-term T | +0.2% | +855.47% | Add |
| 8 | AVLV | Avantis US Large Cap Value | +0.2% | -25.79% | Trim |
| 9 | GOVT | Ishares US Treasury Bond ETF | +0.1% | -22.47% | Trim |
| 10 | JMOM | Jpmorgan US Momentum Factor | +0.1% | -25.50% | Trim |
| 11 | UYLD | Angel Oak Ultrashort Income | +0.1% | -23.34% | Trim |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | -4.54% | Trim |
| 13 | VWO | Vanguard Ftse Emerging Marke | 0% | -29.55% | Trim |
| 14 | SPHQ | Invesco S&p 500 Quality ETF | 0% | -30.43% | Trim |
| 15 | VIG | Vanguard Dividend Apprec ETF | 0% | -27.06% | Trim |
| 16 | WMT | Walmart INC | 0% | -34.92% | Trim |
| 17 | VUG | Vanguard Growth ETF | 0% | -23.22% | Trim |
| 18 | NVDA | Nvidia CORP | 0% | -16.43% | Trim |
| 19 | QQQ | Invesco Qqq Trust Series 1 | 0% | -22.57% | Trim |
| 20 | QQQM | Invesco Nasdaq 100 ETF | 0% | -27.28% | Trim |
| 21 | JPST | Jpmorgan Ultra-short Income | 0% | -36.05% | Trim |
| 22 | VXUS | Vanguard Total Intl Stock | 0% | -36.49% | Trim |
| 23 | SPYV | Ss Spdr P S&p 500 Value ETF | 0% | -39.19% | Trim |
| 24 | MTUM | Ishares Msci USA Momentum Fa | 0% | -37.42% | Trim |
| 25 | LLY | Eli Lilly & Co | 0% | -24.58% | Trim |
| 26 | IJR | Ishares Core S&p Small-cap E | 0% | -40.22% | Trim |
| 27 | VOO | Vanguard S&p 500 ETF | -0.1% | -33.99% | Trim |
| 28 | GOOG | Alphabet Inc-cl C | -0.1% | -32.10% | Trim |
| 29 | BOXX | Alpha Architect 1-3 Mnth Box | -0.1% | -41.84% | Trim |
| 30 | IBM | Intl Business Machines CORP | -0.1% | -23.41% | Trim |
| 31 | GE | General Electric | -0.1% | -35.80% | Trim |
| 32 | USMV | Ishares Msci USA Min Vol Fac | -0.1% | -37.37% | Trim |
| 33 | AUSF | Global X Adaptive US Factor | -0.1% | -48.72% | Trim |
| 34 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -35.35% | Trim |
| 35 | JPM | Jpmorgan Chase & Co | -0.1% | -23.12% | Trim |
| 36 | AAPL | Apple INC | -0.1% | -28.06% | Trim |
| 37 | GOOGL | Alphabet Inc-cl A | -0.1% | -25.76% | Trim |
| 38 | LRCX | Lam Research CORP | -0.1% | -44.42% | Trim |
| 39 | DFAU | Dimensional US Core Equity M | -0.1% | -89.49% | Trim |
| 40 | SCHX | Schwab US Large-cap ETF | -0.1% | -42.31% | Trim |
| 41 | AMZN | Amazon.com INC | -0.1% | -25.12% | Trim |
| 42 | IMTM | Ishares Msci Intl Momentum F | -0.2% | -39.70% | Trim |
| 43 | IVV | Ishares Core S&p 500 ETF | -0.2% | -31.41% | Trim |
| 44 | APP | Applovin Corp-class A | -0.3% | -95.28% | Trim |
| 45 | META | Meta Platforms Inc-class A | -0.3% | -54.56% | Trim |
| 46 | PLTR | Palantir Technologies Inc-a | -0.3% | -73.87% | Trim |
| 47 | V | Visa Inc-class A Shares | -0.3% | -55.31% | Trim |
| 48 | MSFT | Microsoft CORP | -0.3% | -20.63% | Trim |
| 49 | DWAS | Invesco Dorsey Wright Smallc | -0.5% | -91.02% | Trim |
| 50 | AVGO | Broadcom INC | -3.2% | -83.61% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-08 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-08 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-29 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-10 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-16 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-03-17 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-01-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-24 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-30 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-21 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-25 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-01 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-17 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-18 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-18 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-03 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-10 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-10 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-10-13 | Amendment | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-01 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-05 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-06 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-02 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-30 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-04 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-02 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-30 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-19 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-18 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-26 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-18 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-31 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-29 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-20 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-20 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-26 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | Amendment | View on EDGAR |
| 2015-06-30 | 2015-07-27 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
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