Wealth Enhancement Advisory Services, LLC
Reported US equity positions for Q1 2026 — $45.5B across 3,569 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| IVV iShares Core S&P 500 ETF | $2.9B | 6.5% | 4,483,729 |
| AGG iShares Core U.S. Aggregate Bond ETF | $1.5B | 3.2% | 14,925,651 |
| SMTH ALPS Smith Core Plus Bond ETF | $1.1B | 2.4% | 42,086,273 |
| MSFT Microsoft Corporation | $799.4M | 1.8% | 2,358,353 |
| FNDF Schwab Fundamental International Equity ETF | $707.7M | 1.6% | 14,592,927 |
| VWO Vanguard FTSE Emerging Markets ETF | $693.1M | 1.5% | 12,959,833 |
| USVM VictoryShares US Small Mid Cap Value Momentum ETF | $659.5M | 1.5% | 6,973,559 |
| JMOM JPMorgan U.S. Momentum Factor ETF | $628.2M | 1.4% | 9,124,355 |
| AVLV Avantis U.S. Large Cap Value ETF | $621.2M | 1.4% | 7,700,512 |
| IMTM iShares MSCI Intl Momentum Factor ETF | $581.6M | 1.3% | 11,979,760 |
| AMZN Amazon.com, Inc. | $562.1M | 1.2% | 2,927,864 |
| GOOGL Alphabet Inc. | $550.3M | 1.2% | 2,102,382 |
| GOVT iShares U.S. Treasury Bond ETF | $521.4M | 1.1% | 22,955,036 |
| BRK.B Berkshire Hathaway Inc. | $465.6M | 1.0% | 992,531 |
| UYLD Angel Oak UltraShort Income ETF | $422.1M | 0.9% | 8,365,161 |
| SPHQ Invesco S&P 500 Quality ETF | $415.8M | 0.9% | 5,507,331 |
| USMV iShares MSCI USA Min Vol Factor ETF | $406.9M | 0.9% | 4,370,460 |
| AVDE Avantis International Equity ETF | $398.1M | 0.9% | 4,679,558 |
| VOO Vanguard S&P 500 ETF | $348.8M | 0.8% | 582,041 |
| JNJ Johnson & Johnson | $340.6M | 0.7% | 1,555,687 |
| JPM JP Morgan Chase & Co. | $328.8M | 0.7% | 1,264,868 |
| SCHX Schwab U.S. Large-Cap ETF | $284.7M | 0.6% | 11,009,922 |
| VTV Vanguard Morningstar Value ETF | $284.5M | 0.6% | 1,446,101 |
| XOM ExxonMobil Holdings Corporation | $275.6M | 0.6% | 1,828,424 |
| VIG Vanguard Div Appreciation ETF | $247.6M | 0.5% | 1,147,118 |
| WMT Walmart Inc. | $241.7M | 0.5% | 1,955,094 |
| GOOG Alphabet Inc. - Class C Capital Stock | $238.1M | 0.5% | 850,790 |
| LRCX Lam Research Corporation | $218.6M | 0.5% | 1,075,725 |
| VUG Vanguard Morningstar Growth ETF | $205.7M | 0.5% | 467,125 |
| QQQM Invesco NASDAQ 100 ETF | $204.1M | 0.4% | 852,166 |
| FLIA Franklin International Aggregate Bond ETF | $200.0M | 0.4% | 10,005,029 |
| SPYM State Street SPDR Portfolio S&P 500 ETF | $188.3M | 0.4% | 2,499,654 |
| JPST JPMorgan Ultra-Short Income ETF | $183.8M | 0.4% | 3,642,456 |
| KLAC KLA Corporation | $183.4M | 0.4% | 123,174 |
| IJR iShares Core S&P Small-Cap ETF | $182.9M | 0.4% | 1,462,756 |
| IEFA iShares Core MSCI EAFE ETF | $180.0M | 0.4% | 1,973,972 |
| CVX Chevron Corporation | $177.6M | 0.4% | 1,031,783 |
| APH Amphenol Corporation | $169.0M | 0.4% | 1,560,039 |
| META Meta Platforms, Inc. | $165.4M | 0.4% | 325,768 |
| BAC Bank of America Corporation | $165.0M | 0.4% | 4,047,031 |
| PG The Procter & Gamble Company | $164.3M | 0.4% | 1,255,704 |
| BOXX Alpha Architect 1-3 Month Box ETF | $163.5M | 0.4% | 1,406,217 |
| SPYV State Street SPDR Portfolio S&P 500 Value ETF | $159.9M | 0.4% | 2,819,788 |
| V Visa Inc. | $158.8M | 0.3% | 593,095 |
| MRK Merck & Company, Inc. Common Stock (new) | $157.3M | 0.3% | 1,431,644 |
| VXUS Vanguard Total International Stock ETF | $155.2M | 0.3% | 2,026,689 |
| TJX The TJX Companies, Inc. | $153.2M | 0.3% | 990,375 |
| MTUM iShares MSCI USA Momentum Factor ETF | $151.0M | 0.3% | 614,259 |
| SCHD Schwab US Dividend Equity ETF | $150.9M | 0.3% | 4,979,785 |
| SGOV iShares 0-3 Month Treasury Bond ETF | $146.6M | 0.3% | 1,459,670 |
| CSCO Cisco Systems, Inc. | $143.9M | 0.3% | 1,925,495 |
| PEP PepsiCo, Inc. | $142.7M | 0.3% | 984,358 |
| VEA Vanguard FTSE Developed Markets ETF | $140.8M | 0.3% | 2,187,334 |
| SCHF Schwab International Equity ETF | $140.1M | 0.3% | 5,609,716 |
| HD The Home Depot, Inc. | $139.6M | 0.3% | 506,076 |
| IBM International Business Machines Corporation | $135.9M | 0.3% | 617,749 |
| LLY Eli Lilly and Company | $135.5M | 0.3% | 161,388 |
| IWF iShares Russell 1000 Growth Fund | $132.9M | 0.3% | 311,547 |
| LMT Lockheed Martin Corporation | $132.3M | 0.3% | 236,710 |
| IJH iShares Core S&P Mid-Cap ETF | $130.0M | 0.3% | 2,014,496 |
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 |
|---|---|---|---|---|
| IVV iShares Core S&P 500 ETF | Trim | $2.9B | $4.5B | -31% |
| AGG iShares Core U.S. Aggregate Bond ETF | Trim | $1.5B | $2.0B | -24% |
| SMTH ALPS Smith Core Plus Bond ETF | Trim | $1.1B | $1.4B | -24% |
| MSFT Microsoft Corporation | Trim | $799.4M | $1.4B | -22% |
| FNDF Schwab Fundamental International Equity ETF | Trim | $707.7M | $855.8M | -21% |
| VWO Vanguard FTSE Emerging Markets ETF | Trim | $693.1M | $1.0B | -30% |
| USVM VictoryShares US Small Mid Cap Value Momentum ETF | Trim | $659.5M | $829.5M | -21% |
| JMOM JPMorgan U.S. Momentum Factor ETF | Trim | $628.2M | $860.4M | -26% |
| AVLV Avantis U.S. Large Cap Value ETF | Trim | $621.2M | $815.4M | -26% |
| IMTM iShares MSCI Intl Momentum Factor ETF | Trim | $581.6M | $983.9M | -40% |
| AMZN Amazon.com, Inc. | Trim | $562.1M | $944.7M | -25% |
| GOOGL Alphabet Inc. | Trim | $550.3M | $889.2M | -26% |
| GOVT iShares U.S. Treasury Bond ETF | Trim | $521.4M | $682.5M | -22% |
| BRK.B Berkshire Hathaway Inc. | Trim | $465.6M | $539.1M | -8% |
| UYLD Angel Oak UltraShort Income ETF | Trim | $422.1M | $558.3M | -23% |
| SPHQ Invesco S&P 500 Quality ETF | Trim | $415.8M | $611.6M | -30% |
| USMV iShares MSCI USA Min Vol Factor ETF | Trim | $406.9M | $659.8M | -37% |
| AVDE Avantis International Equity ETF | Trim | $398.1M | $429.5M | -8% |
| VOO Vanguard S&P 500 ETF | Trim | $348.8M | $561.0M | -34% |
| JNJ Johnson & Johnson | Trim | $340.6M | $396.8M | -20% |
| JPM JP Morgan Chase & Co. | Trim | $328.8M | $550.5M | -23% |
| SCHX Schwab U.S. Large-Cap ETF | Trim | $284.7M | $521.8M | -42% |
| VTV Vanguard Morningstar Value ETF | Trim | $284.5M | $340.4M | -17% |
| XOM ExxonMobil Holdings Corporation | Trim | $275.6M | $316.8M | -30% |
| VIG Vanguard Div Appreciation ETF | Trim | $247.6M | $352.4M | -27% |
| WMT Walmart Inc. | Trim | $241.7M | $343.6M | -35% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $238.1M | $393.9M | -32% |
| LRCX Lam Research Corporation | Trim | $218.6M | $400.7M | -44% |
| VUG Vanguard Morningstar Growth ETF | Trim | $205.7M | $298.3M | -23% |
| QQQM Invesco NASDAQ 100 ETF | Trim | $204.1M | $300.8M | -27% |
| FLIA Franklin International Aggregate Bond ETF | Trim | $200.0M | $263.8M | -23% |
| SPYM State Street SPDR Portfolio S&P 500 ETF | Trim | $188.3M | $270.7M | -25% |
| JPST JPMorgan Ultra-Short Income ETF | Trim | $183.8M | $288.3M | -36% |
| IJR iShares Core S&P Small-Cap ETF | Trim | $182.9M | $305.2M | -40% |
| IEFA iShares Core MSCI EAFE ETF | Trim | $180.0M | $230.7M | -22% |
| CVX Chevron Corporation | Trim | $177.6M | $211.2M | -24% |
| META Meta Platforms, Inc. | Trim | $165.4M | $473.7M | -55% |
| BAC Bank of America Corporation | Add | $165.0M | $176.2M | +32% |
| PG The Procter & Gamble Company | Trim | $164.3M | $240.4M | -27% |
| BOXX Alpha Architect 1-3 Month Box ETF | Trim | $163.5M | $278.5M | -42% |
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.