Jones Financial Companies Lllp
Reported US equity positions for Q1 2026 — $208.1B across 5,771 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| VUG Vanguard Morningstar Growth ETF | $16.6B | 8.0% | 39,228,809 |
| AGG iShares Core U.S. Aggregate Bond ETF | $13.0B | 6.3% | 132,174,808 |
| IVV iShares Core S&P 500 ETF | $12.1B | 5.8% | 18,924,918 |
| VOO Vanguard S&P 500 ETF | $10.0B | 4.8% | 17,095,668 |
| VTV Vanguard Morningstar Value ETF | $9.9B | 4.8% | 51,321,269 |
| IEFA iShares Core MSCI EAFE ETF | $9.5B | 4.6% | 108,462,596 |
| IWR iShares Russell Mid-Cap ETF | $8.9B | 4.3% | 92,963,542 |
| SPYM State Street SPDR Portfolio S&P 500 ETF | $8.3B | 4.0% | 110,682,000 |
| VO Vanguard Morningstar Mid-Cap ETF | $7.4B | 3.6% | 26,272,163 |
| VV Vanguard Morningstar Large-Cap ETF | $5.4B | 2.6% | 18,664,465 |
| SCZ iShares MSCI EAFE Small-Cap ETF | $3.8B | 1.8% | 49,428,037 |
| IUSB iShares Core Universal USD Bond ETF | $3.7B | 1.8% | 79,586,891 |
| IWB iShares Russell 1000 ETF | $3.6B | 1.7% | 10,453,379 |
| USHY iShares Broad USD High Yield Corporate Bond ETF | $3.5B | 1.7% | 95,360,826 |
| VEA Vanguard FTSE Developed Markets ETF | $3.4B | 1.6% | 54,998,602 |
| AVDV Avantis International Small Cap Value ETF | $2.9B | 1.4% | 30,361,872 |
| IJR iShares Core S&P Small-Cap ETF | $2.4B | 1.2% | 19,864,667 |
| AAPL Apple Inc. | $2.1B | 1.0% | 8,423,796 |
| NVDA NVIDIA Corporation | $2.0B | 1.0% | 12,018,453 |
| DFIS Dimensional International Small Cap ETF | $1.9B | 0.9% | 58,747,186 |
| MSFT Microsoft Corporation | $1.8B | 0.9% | 5,077,240 |
| AMZN Amazon.com, Inc. | $1.7B | 0.8% | 8,516,303 |
| GOOGL Alphabet Inc. | $1.6B | 0.8% | 5,922,207 |
| IEMG iShares Core MSCI Emerging Markets ETF | $1.4B | 0.7% | 20,057,125 |
| AVGO Broadcom Inc. | $1.1B | 0.5% | 3,762,687 |
| IWS iShares Russell Mid-Cap Value ETF | $1.1B | 0.5% | 7,702,234 |
| IUSG iShares Core S&P U.S. Growth ETF | $1.0B | 0.5% | 6,741,171 |
| DGRO iShares Core Dividend Growth ETF | $831.5M | 0.4% | 12,067,891 |
| QQQM Invesco NASDAQ 100 ETF | $791.0M | 0.4% | 3,415,137 |
| IUSV iShares Core S&P U.S. Value ETF | $768.3M | 0.4% | 7,651,770 |
| VB Vanguard Morningstar Small-Cap ETF | $763.2M | 0.4% | 2,976,080 |
| META Meta Platforms, Inc. | $735.8M | 0.4% | 1,394,773 |
| OEF iShares S&P 100 Fund | $672.3M | 0.3% | 2,174,537 |
| SPY State Street SPDR S&P 500 ETF Trust | $614.5M | 0.3% | 961,155 |
| EFA iShares MSCI EAFE ETF | $597.5M | 0.3% | 6,354,951 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $586.1M | 0.3% | 1,793,762 |
| LLY Eli Lilly and Company | $572.5M | 0.3% | 650,867 |
| VOE Vanguard Morningstar Mid-Cap Value ETF | $570.8M | 0.3% | 3,133,089 |
| V Visa Inc. | $563.1M | 0.3% | 1,902,811 |
| CGDV Capital Group Dividend Value ETF | $562.3M | 0.3% | 13,483,605 |
| JPM JP Morgan Chase & Co. | $557.5M | 0.3% | 1,966,359 |
| IWD iShares Russell 1000 Value ETF | $554.8M | 0.3% | 2,641,153 |
| IJH iShares Core S&P Mid-Cap ETF | $548.8M | 0.3% | 8,269,770 |
| EFV iShares MSCI EAFE Value ETF | $536.1M | 0.3% | 7,441,607 |
| GOOG Alphabet Inc. - Class C Capital Stock | $514.6M | 0.2% | 1,879,140 |
| XOM ExxonMobil Holdings Corporation | $498.7M | 0.2% | 2,917,317 |
| IWF iShares Russell 1000 Growth Fund | $468.5M | 0.2% | 1,134,310 |
| G54950103 Linde PLC | $465.0M | 0.2% | 946,497 |
| EFG iShares MSCI EAFE Growth ETF | $462.9M | 0.2% | 4,299,898 |
| VTEB Vanguard Tax-Exempt Bond ETF | $441.3M | 0.2% | 8,880,433 |
| VYM Vanguard High Dividend Yield ETF | $435.1M | 0.2% | 2,985,657 |
| VIG Vanguard Div Appreciation ETF | $433.3M | 0.2% | 2,055,747 |
| CVX Chevron Corporation | $428.5M | 0.2% | 2,031,200 |
| VTWO Vanguard Russell 2000 ETF | $412.2M | 0.2% | 4,197,675 |
| VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF | $386.6M | 0.2% | 2,718,482 |
| CGGR Capital Group Growth ETF | $375.0M | 0.2% | 9,610,507 |
| JNJ Johnson & Johnson | $373.5M | 0.2% | 1,551,388 |
| IWP iShares Russell Midcap Growth ETF | $356.4M | 0.2% | 2,851,583 |
| APH Amphenol Corporation | $344.6M | 0.2% | 2,787,314 |
| AVEM Avantis Emerging Markets Equity ETF | $335.1M | 0.2% | 4,262,711 |
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 |
|---|---|---|---|---|
| AGG iShares Core U.S. Aggregate Bond ETF | Trim | $13.0B | $13.8B | -5% |
| IVV iShares Core S&P 500 ETF | Add | $12.1B | $12.6B | +3% |
| VOO Vanguard S&P 500 ETF | Add | $10.0B | $9.1B | +18% |
| VTV Vanguard Morningstar Value ETF | Trim | $9.9B | $10.6B | -7% |
| IEFA iShares Core MSCI EAFE ETF | Add | $9.5B | $9.0B | +8% |
| IWR iShares Russell Mid-Cap ETF | Add | $8.9B | $7.6B | +18% |
| SPYM State Street SPDR Portfolio S&P 500 ETF | Add | $8.3B | $4.6B | +92% |
| VO Vanguard Morningstar Mid-Cap ETF | Add | $7.4B | $6.2B | +22% |
| VV Vanguard Morningstar Large-Cap ETF | Add | $5.4B | $5.6B | +5% |
| SCZ iShares MSCI EAFE Small-Cap ETF | Add | $3.8B | $2.7B | +41% |
| IUSB iShares Core Universal USD Bond ETF | Add | $3.7B | $3.6B | +4% |
| IWB iShares Russell 1000 ETF | Trim | $3.6B | $4.3B | -10% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | Add | $3.5B | $3.3B | +8% |
| VEA Vanguard FTSE Developed Markets ETF | Add | $3.4B | $3.3B | +4% |
| AVDV Avantis International Small Cap Value ETF | Trim | $2.9B | $2.9B | -2% |
| IJR iShares Core S&P Small-Cap ETF | Add | $2.4B | $2.0B | +22% |
| AAPL Apple Inc. | Add | $2.1B | $781.1M | +193% |
| NVDA NVIDIA Corporation | Add | $2.0B | $842.0M | +166% |
| DFIS Dimensional International Small Cap ETF | Add | $1.9B | $1.5B | +28% |
| MSFT Microsoft Corporation | Add | $1.8B | $811.4M | +203% |
| AMZN Amazon.com, Inc. | Add | $1.7B | $769.3M | +156% |
| GOOGL Alphabet Inc. | Add | $1.6B | $883.2M | +110% |
| IEMG iShares Core MSCI Emerging Markets ETF | Add | $1.4B | $1.2B | +8% |
| AVGO Broadcom Inc. | Add | $1.1B | $554.5M | +135% |
| IWS iShares Russell Mid-Cap Value ETF | Trim | $1.1B | $1.4B | -21% |
| IUSG iShares Core S&P U.S. Growth ETF | Add | $1.0B | $899.5M | +26% |
| DGRO iShares Core Dividend Growth ETF | Add | $831.5M | $693.5M | +21% |
| QQQM Invesco NASDAQ 100 ETF | Add | $791.0M | $703.0M | +23% |
| IUSV iShares Core S&P U.S. Value ETF | Add | $768.3M | $658.1M | +19% |
| VB Vanguard Morningstar Small-Cap ETF | Add | $763.2M | $644.8M | +19% |
| META Meta Platforms, Inc. | Add | $735.8M | $332.1M | +177% |
| SPY State Street SPDR S&P 500 ETF Trust | Add | $614.5M | $596.5M | +10% |
| EFA iShares MSCI EAFE ETF | Add | $597.5M | $287.4M | +112% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $586.1M | $72.3M | +654% |
| LLY Eli Lilly and Company | Add | $572.5M | $253.5M | +176% |
| VOE Vanguard Morningstar Mid-Cap Value ETF | Add | $570.8M | $466.0M | +19% |
| V Visa Inc. | Add | $563.1M | $245.4M | +172% |
| CGDV Capital Group Dividend Value ETF | Add | $562.3M | $450.9M | +30% |
| JPM JP Morgan Chase & Co. | Add | $557.5M | $364.6M | +74% |
| IWD iShares Russell 1000 Value ETF | Add | $554.8M | $317.0M | +75% |
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.