Financial Engines Advisors L.L.C.
Reported US equity positions for Q1 2026 — $49.2B across 530 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| SPYV State Street SPDR Portfolio S&P 500 Value ETF | $4.6B | 9.4% | 81,414,415 |
| SPMB State Street SPDR Portfolio Mortgage Backed Bond ETF | $4.2B | 8.6% | 188,312,251 |
| SCHF Schwab International Equity ETF | $3.8B | 7.7% | 152,570,229 |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | $3.4B | 6.9% | 63,675,202 |
| SPDW State Street SPDR Portfolio Developed World ex-US ETF | $2.5B | 5.2% | 55,849,043 |
| XT iShares Future Exponential Technologies ETF | $2.2B | 4.5% | 32,408,021 |
| SCHM Schwab U.S. Mid Cap ETF | $1.8B | 3.6% | 56,835,618 |
| KOMP State Street SPDR S&P Kensho New Economies Composite ETF | $1.7B | 3.5% | 29,594,305 |
| IWD iShares Russell 1000 Value ETF | $1.7B | 3.5% | 8,019,224 |
| SPYG State Street SPDR Portfolio S&P 500 Growth ETF | $1.7B | 3.5% | 17,402,089 |
| SCHV Schwab U.S. Large-Cap Value ETF | $1.5B | 3.0% | 48,427,803 |
| SPTL State Street SPDR Portfolio Long Term Treasury ETF | $1.4B | 2.9% | 54,679,484 |
| SCHK Schwab 1000 Index ETF | $1.4B | 2.8% | 43,613,251 |
| VWO Vanguard FTSE Emerging Markets ETF | $1.3B | 2.7% | 24,347,658 |
| SCHH Schwab U.S. REIT ETF | $1.3B | 2.6% | 59,885,676 |
| SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF | $1.3B | 2.6% | 44,660,515 |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | $1.2B | 2.4% | 10,913,210 |
| SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF | $998.9M | 2.0% | 20,673,325 |
| SCHG Schwab U.S. Large-Cap Growth ETF | $993.5M | 2.0% | 34,105,277 |
| IJR iShares Core S&P Small-Cap ETF | $959.7M | 1.9% | 7,720,457 |
| IAGG iShares International Aggregate Bond Fund | $821.6M | 1.7% | 16,419,088 |
| SPEM State Street SPDR Portfolio Emerging Markets ETF | $789.1M | 1.6% | 16,822,188 |
| IJH iShares Core S&P Mid-Cap ETF | $533.4M | 1.1% | 7,899,274 |
| SCHE Schwab Emerging Markets Equity ETF | $512.1M | 1.0% | 15,542,282 |
| IEI iShares 3-7 Year Treasury Bond ETF | $501.9M | 1.0% | 4,231,532 |
| VUG Vanguard Morningstar Growth ETF | $473.4M | 1.0% | 6,503,155 |
| SPYM State Street SPDR Portfolio S&P 500 ETF | $386.6M | 0.8% | 5,050,535 |
| NANR State Street SPDR S&P North American Natural Resources ETF | $355.8M | 0.7% | 4,236,126 |
| VNQ Vanguard Real Estate ETF | $297.9M | 0.6% | 3,358,966 |
| AKRE Profesionally Managed Portfo | $281.0M | 0.6% | 5,317,279 |
| VCSH Vanguard Short-Term Corporate Bond ETF | $234.7M | 0.5% | 2,960,848 |
| TECB Ishares Tr | $219.3M | 0.4% | 3,952,438 |
| EFA iShares MSCI EAFE ETF | $150.5M | 0.3% | 1,549,749 |
| IVV iShares Core S&P 500 ETF | $135.4M | 0.3% | 207,322 |
| SCHA Schwab U.S. Small-Cap ETF | $133.3M | 0.3% | 4,583,359 |
| SCHZ Schwab US Aggregate Bond ETF | $125.7M | 0.3% | 5,413,829 |
| IJK iShares S&P Mid-Cap 400 Growth ETF | $123.9M | 0.3% | 1,231,346 |
| MDYG State Street SPDR S&P 400 Mid Cap Growth ETF | $121.3M | 0.2% | 1,263,838 |
| DFAC Dimensional U.S. Core Equity 2 ETF | $120.8M | 0.2% | 3,108,602 |
| VTI Vanguard Morningstar Total Stock Market ETF | $115.6M | 0.2% | 360,452 |
| SLYG State Street SPDR S&P 600 Small Cap Growth ETF | $105.7M | 0.2% | 1,094,311 |
| SLYV State Street SPDR S&P 600 Small Cap Value ETF | $102.5M | 0.2% | 1,083,473 |
| MDYV State Street SPDR S&P 400 Mid Cap Value ETF | $102.0M | 0.2% | 1,197,590 |
| IJJ iShares S&P Mid-Cap 400 Value ETF | $82.9M | 0.2% | 625,330 |
| VCRB Vanguard Core Bond ETF | $76.0M | 0.2% | 982,681 |
| IWO iShares Russell 2000 Growth Fund | $74.7M | 0.2% | 238,068 |
| BND Vanguard Total Bond Market ETF | $70.7M | 0.1% | 960,042 |
| EFAV iShares MSCI EAFE Min Vol Factor ETF | $70.2M | 0.1% | 768,375 |
| VMBS Vanguard Mortgage-Backed Securities ETF | $65.4M | 0.1% | 1,393,658 |
| MUB iShares National Muni Bond ETF | $61.5M | 0.1% | 579,572 |
| AVLV Avantis U.S. Large Cap Value ETF | $52.3M | 0.1% | 648,674 |
| IVE iShares S&P 500 Value ETF | $48.1M | 0.1% | 227,910 |
| AAPL Apple Inc. | $46.3M | 0.1% | 182,422 |
| VTV Vanguard Morningstar Value ETF | $44.5M | 0.1% | 226,853 |
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | $44.1M | 0.1% | 889,433 |
| VTEB Vanguard Tax-Exempt Bond ETF | $42.0M | 0.1% | 842,572 |
| DFAX Dimensional World ex U.S. Core Equity 2 ETF | $41.5M | 0.1% | 1,221,414 |
| LVHD Franklin U.S. Low Volatility High Dividend Index ETF | $41.2M | 0.1% | 967,226 |
| NVDA NVIDIA Corporation | $37.6M | 0.1% | 215,496 |
| IBIT iShares Bitcoin Trust ETF | $37.6M | 0.1% | 977,599 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| SCHF Schwab International Equity ETF | Trim | $3.8B | $3.8B | -3% |
| SPDW State Street SPDR Portfolio Developed World ex-US ETF | Trim | $2.5B | $2.5B | -2% |
| XT iShares Future Exponential Technologies ETF | Trim | $2.2B | $2.3B | -1% |
| SCHM Schwab U.S. Mid Cap ETF | Trim | $1.8B | $1.7B | -2% |
| IWD iShares Russell 1000 Value ETF | Trim | $1.7B | $1.8B | -5% |
| SCHV Schwab U.S. Large-Cap Value ETF | Trim | $1.5B | $1.5B | -5% |
| SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF | Add | $1.3B | $1.3B | +1% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | Trim | $1.2B | $1.2B | -1% |
| SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF | Trim | $998.9M | $990.0M | -2% |
| IJR iShares Core S&P Small-Cap ETF | Trim | $959.7M | $940.0M | -1% |
| IAGG iShares International Aggregate Bond Fund | Add | $821.6M | $804.5M | +2% |
| SPEM State Street SPDR Portfolio Emerging Markets ETF | Trim | $789.1M | $795.8M | -1% |
| IJH iShares Core S&P Mid-Cap ETF | Trim | $533.4M | $542.8M | -4% |
| SCHE Schwab Emerging Markets Equity ETF | Trim | $512.1M | $530.9M | -4% |
| IEI iShares 3-7 Year Treasury Bond ETF | Trim | $501.9M | $511.8M | -1% |
| NANR State Street SPDR S&P North American Natural Resources ETF | Trim | $355.8M | $373.2M | -23% |
| AKRE Profesionally Managed Portfo | Add | $281.0M | $312.7M | +11% |
| EFA iShares MSCI EAFE ETF | Trim | $150.5M | $157.9M | -6% |
| IVV iShares Core S&P 500 ETF | Trim | $135.4M | $149.8M | -5% |
| SCHA Schwab U.S. Small-Cap ETF | Trim | $133.3M | $137.9M | -5% |
| IJK iShares S&P Mid-Cap 400 Growth ETF | Trim | $123.9M | $127.0M | -6% |
| MDYG State Street SPDR S&P 400 Mid Cap Growth ETF | Trim | $121.3M | $122.1M | -4% |
| DFAC Dimensional U.S. Core Equity 2 ETF | Add | $120.8M | $121.4M | +1% |
| VTI Vanguard Morningstar Total Stock Market ETF | Trim | $115.6M | $128.3M | -6% |
| SLYG State Street SPDR S&P 600 Small Cap Growth ETF | Trim | $105.7M | $107.7M | -4% |
| SLYV State Street SPDR S&P 600 Small Cap Value ETF | Trim | $102.5M | $105.6M | -7% |
| MDYV State Street SPDR S&P 400 Mid Cap Value ETF | Trim | $102.0M | $106.2M | -5% |
| IJJ iShares S&P Mid-Cap 400 Value ETF | Trim | $82.9M | $87.2M | -6% |
| VCRB Vanguard Core Bond ETF | Add | $76.0M | $72.4M | +6% |
| IWO iShares Russell 2000 Growth Fund | Trim | $74.7M | $82.1M | -6% |
| BND Vanguard Total Bond Market ETF | Trim | $70.7M | $76.7M | -7% |
| EFAV iShares MSCI EAFE Min Vol Factor ETF | Trim | $70.2M | $68.8M | -4% |
| VMBS Vanguard Mortgage-Backed Securities ETF | Trim | $65.4M | $68.7M | -4% |
| MUB iShares National Muni Bond ETF | Trim | $61.5M | $64.2M | -3% |
| AVLV Avantis U.S. Large Cap Value ETF | Add | $52.3M | $48.5M | +1% |
| IVE iShares S&P 500 Value ETF | Trim | $48.1M | $49.1M | -2% |
| AAPL Apple Inc. | Add | $46.3M | $48.1M | +3% |
| VTV Vanguard Morningstar Value ETF | Trim | $44.5M | $45.4M | -5% |
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | Trim | $44.1M | $43.9M | -3% |
| DFAX Dimensional World ex U.S. Core Equity 2 ETF | Trim | $41.5M | $42.3M | -5% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.