CIK: 0001998033
Total reported value
$18.1B
Reporting period: 2026-03-31 · Number of holdings: 1286
Envestnet Portfolio Solutions, Inc. disclosed 1286 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $18.1B and a quarterly turnover rate of 54.5%.
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Envestnet Portfolio Solutions, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.019 — mathematically equivalent to about 53 equally-sized positions, well below its 1286 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 4.80), 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 10% 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 IVV
-61.7% -$1.4B
Trim VOO
-85.2% -$1.0B
Trim VO
-99.9% -$801.1M
Add IWY
-0.3% -$137.6M
Trim VEA
-81.0% -$604.8M
Add APUE
-7.0% -$117.8M
Envestnet is executing a systematic capital rotation out of passive index infrastructure across all major asset classes—S&P 500, mid-cap, international developed, emerging markets, and bonds—freeing up ~15% of portfolio weight for deliberate active stock-level bets. This is not a defensive tilt; it is a structural pivot from beta replication to alpha hunting through manager-driven security selection.
The simultaneous reduction in US large-cap, mid-cap, international, and fixed-income ETFs signals that Envestnet is betting on a regime shift away from low-cost beta returns toward a world of higher dispersion and stock-specific alpha. This move prices in the end of the crowded trade in market-cap-weighted indexing and foresees active managers regaining pricing power. The opposing thesis is that we remain in a low-dispersion, momentum-dominated market where passive outperforms, making this rotation a costly wager on a regime that has not yet materialized.
The 'big basket, small eggs' problem: with 1,286 positions and a coefficient of variation of 4.8, the portfolio's active bets are so diluted that no single idea can meaningfully drive returns, turning the alpha hunt into a closet-index with higher friction. Meanwhile, the 38.78% allocation to Information Technology, now managed through active picks, masks a hidden factor concentration that could suffer sharp multiple compression if tech sentiment reverses.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Showing top 200 holdings (of 1286 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IWY | Ishares Russell Top 200 Grow | ETF-Other | 6.53% | +1.91% | -0.34% | |
| 2 | APUE | Activepassive US Equity ETF | ETF-Other | 5.53% | +1.61% | -7.00% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 4.37% | -3.21% | -61.65% | |
| 4 | IWX | Ishares Russell Top 200 Valu | ETF-Other | 3.23% | — | -0.58% | |
| 5 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 3.21% | — | +0.56% | |
| 6 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 2.51% | +0.62% | -15.42% | |
| 7 | APCB | Activepassive Core Bond ETF | ETF-Other | 2.50% | +0.80% | -6.07% | |
| 8 | APIE | Activepassive Intl Eqty ETF | ETF-Other | 2.37% | +0.70% | -9.07% | |
| 9 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.29% | +0.69% | -1.21% | |
| 10 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.28% | -0.74% | -53.91% | |
| 11 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 2.24% | — | -2.60% | |
| 12 | DYNF | Ishrs US E F R A Etf-usd INC | ETF-Other | 2.12% | +0.36% | -20.47% | |
| 13 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 1.75% | -0.11% | -42.66% | |
| 14 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.68% | -1.04% | -60.63% | |
| 15 | TLH | Ishares 10-20 Year Treasury | ETF-Gov Bonds | 1.68% | +0.87% | +32.29% | |
| 16 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 1.44% | -1.36% | -67.62% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.33% | +0.36% | -8.38% | |
| 18 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 1.17% | +0.27% | -12.41% | |
| 19 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 1.13% | +1.08% | +1491.82% | |
| 20 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 1.08% | — | -7.18% | |
| 21 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 1.07% | -0.66% | -60.44% | |
| 22 | BAI | Ishrs Ai In And Tech Act ETF | ETF-Tech | 1.02% | — | +1.17% | |
| 23 | MBB | Ishares Mbs ETF | ETF-Other | 1.01% | — | -3.62% | |
| 24 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 1.01% | +0.89% | +457.38% | |
| 25 | THRO | Ishares U.s. Thematic Rotati | ETF-Other | 0.94% | — | -1.45% | |
| 26 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 0.94% | — | -2.03% | |
| 27 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.91% | -3.19% | -85.19% | |
| 28 | NVDA | Nvidia CORP | Stock-Tech | 0.90% | +0.07% | -25.99% | |
| 29 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.88% | +0.20% | -14.12% | |
| 30 | AAPL | Apple INC | Stock-Tech | 0.88% | +0.09% | -23.90% | |
| 31 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.81% | -1.83% | -80.97% | |
| 32 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | ETF-Other | 0.75% | +0.75% | +50573.09% | |
| 33 | XLSR | Ss US Sector Rotation | ETF-Other | 0.72% | — | +10.11% | |
| 34 | IDEF | Ishares Def Industrials Act | ETF-Other | 0.71% | +0.71% | NEW | |
| 35 | MUB | Ishares National Muni Bond E | ETF-Other | 0.69% | +0.03% | -32.97% | |
| 36 | IAGG | Ishares Intl Aggregate Bond | ETF-Other | 0.68% | — | +5.10% | |
| 37 | BINC | Ishares Flex I A Etf-usd INC | ETF-Other | 0.67% | — | -15.05% | |
| 38 | MSFT | Microsoft CORP | Stock-Tech | 0.66% | -0.15% | -32.69% | |
| 39 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.62% | — | -8.33% | |
| 40 | DFIS | Dimensional International Sm | ETF-Other | 0.61% | — | -7.60% | |
| 41 | BND | Vanguard Total Bond Market | ETF-Other | 0.54% | — | -12.93% | |
| 42 | FISR | Ss Fi Sector Rotation | ETF-Other | 0.53% | — | +40.64% | |
| 43 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.52% | +0.01% | -27.59% | |
| 44 | VTV | Vanguard Value ETF | ETF-Other | 0.52% | +0.08% | -27.44% | |
| 45 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.50% | — | -22.31% | |
| 46 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 0.49% | — | -12.83% | |
| 47 | APMU | Activepassive Interm Muni Bd | ETF-Other | 0.43% | — | -5.61% | |
| 48 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.38% | -0.85% | -80.15% | |
| 49 | VUG | Vanguard Growth ETF | ETF-Other | 0.37% | — | -22.26% | |
| 50 | GSUS | Goldman Sachs Marketbeta US | ETF-Commodities | 0.36% | — | +18.38% |
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+17%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1286 | $18.1B | 54 | |
| 2025-12-31 | 1482 | $28.5B | 10 | |
| 2025-09-30 | 1443 | $27.1B | 35 | |
| 2025-06-30 | 1516 | $27.2B | 0 | |
| 2025-03-31 | 1528 | $26.1B | 0 | |
| 2024-12-31 | 1719 | $30.6B | 0 | |
| 2024-09-30 | 1676 | $30.8B | 0 | |
| 2024-06-30 | 1625 | $28.7B | 0 | |
| 2024-03-31 | 1596 | $26.6B | 0 | |
| 2023-12-31 | 1531 | $24.1B | 0 | |
| 2023-09-30 | 1478 | $21.2B | 0 |
Envestnet Portfolio Solutions, Inc.'s most significant position changes for 2026-03-31: New buy: Ishares Def Industrials Act (IDEF); New buy: Ishares Lt National Muni Bd (LMUB); Trim: Ishares Core S&p 500 ETF (IVV) — shares -61.65%; Trim: Vanguard S&p 500 ETF (VOO) — shares -85.19%; Trim: Vanguard Mid-cap ETF (VO) — shares -99.89%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IWY | Ishares Russell Top 200 Grow | +1.9% | -0.34% | Trim |
| 2 | APUE | Activepassive US Equity ETF | +1.6% | -7.00% | Trim |
| 3 | EFG | Ishares Msci Eafe Growth ETF | +1.1% | +1491.82% | Add |
| 4 | GOVT | Ishares US Treasury Bond ETF | +0.9% | +457.38% | Add |
| 5 | TLH | Ishares 10-20 Year Treasury | +0.9% | +32.29% | Add |
| 6 | APCB | Activepassive Core Bond ETF | +0.8% | -6.07% | Trim |
| 7 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | +0.8% | +50573.09% | Add |
| 8 | APIE | Activepassive Intl Eqty ETF | +0.7% | -9.07% | Trim |
| 9 | IVW | Ishares S&p 500 Growth ETF | +0.7% | -1.21% | Trim |
| 10 | IVE | Ishares S&p 500 Value ETF | +0.6% | -15.42% | Trim |
| 11 | DYNF | Ishrs US E F R A Etf-usd INC | +0.4% | -20.47% | Trim |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | -8.38% | Trim |
| 13 | IWP | Ishares Russell Mid-cap Grow | +0.3% | -12.41% | Trim |
| 14 | VTI | Vanguard Total Stock Mkt ETF | +0.2% | -14.12% | Trim |
| 15 | AAPL | Apple INC | +0.1% | -23.90% | Trim |
| 16 | VTV | Vanguard Value ETF | +0.1% | -27.44% | Trim |
| 17 | NVDA | Nvidia CORP | +0.1% | -25.99% | Trim |
| 18 | MUB | Ishares National Muni Bond E | 0% | -32.97% | Trim |
| 19 | AVGO | Broadcom INC | 0% | -24.01% | Trim |
| 20 | AMZN | Amazon.com INC | 0% | -27.59% | Trim |
| 21 | JPM | Jpmorgan Chase & Co | 0% | -33.05% | Trim |
| 22 | META | Meta Platforms Inc-class A | 0% | -31.81% | Trim |
| 23 | EFV | Ishares Msci Eafe Value ETF | -0.1% | -42.66% | Trim |
| 24 | GOOGL | Alphabet Inc-cl A | -0.1% | -49.08% | Trim |
| 25 | TLT | Ishares 20+ Year Treasury Bd | -0.1% | -95.26% | Trim |
| 26 | MSFT | Microsoft CORP | -0.2% | -32.69% | Trim |
| 27 | EMB | Ishares Jp Morgan Usd Emergi | -0.2% | -99.11% | Trim |
| 28 | SPYG | Ss Spdr P S&p 500 Growth ETF | -0.2% | -81.49% | Trim |
| 29 | IAU | Ishares Gold Trust | -0.2% | -68.17% | Trim |
| 30 | ITA | Ishares U.s. Aerospace & Def | -0.3% | -94.40% | Trim |
| 31 | BLV | Vanguard Long-term Bond ETF | -0.4% | -80.73% | Trim |
| 32 | BIV | Vanguard Intermediate-term B | -0.4% | -79.95% | Trim |
| 33 | VMBS | Vanguard Mortgage-backed Sec | -0.4% | -80.69% | Trim |
| 34 | VXF | Vanguard Extended Market ETF | -0.4% | -88.50% | Trim |
| 35 | SCHH | Schwab US Reit ETF | -0.7% | -99.80% | Trim |
| 36 | BNDX | Vanguard Total Intl Bond ETF | -0.7% | -60.44% | Trim |
| 37 | VWO | Vanguard Ftse Emerging Marke | -0.7% | -80.38% | Trim |
| 38 | IEMG | Ishares Core Msci Emerging | -0.7% | -53.91% | Trim |
| 39 | BSV | Vanguard Short-term Bond ETF | -0.9% | -80.15% | Trim |
| 40 | VTWO | Vanguard Russell 2000 ETF | -1% | -93.50% | Trim |
| 41 | AGG | Ishares Core U.s. Aggregate | -1% | -60.63% | Trim |
| 42 | VT | Vanguard Tot World Stk ETF | -1% | -98.08% | Trim |
| 43 | OEF | Ishares S&p 100 ETF | -1.2% | -99.84% | Trim |
| 44 | IEFA | Ishares Core Msci Eafe ETF | -1.4% | -67.62% | Trim |
| 45 | VEA | Vanguard Ftse Developed ETF | -1.8% | -80.97% | Trim |
| 46 | VO | Vanguard Mid-cap ETF | -2.8% | -99.89% | Trim |
| 47 | VOO | Vanguard S&p 500 ETF | -3.2% | -85.19% | Trim |
| 48 | IVV | Ishares Core S&p 500 ETF | -3.2% | -61.65% | Trim |
| 49 | IDEF | Ishares Def Industrials Act | — | NEW | New buy |
| 50 | LMUB | Ishares Lt National Muni Bd | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-29 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-06 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-30 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-25 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-21 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-31 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-06 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-07 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
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