Vest Financial, LLC
Registered adviserReports for
FIRST TRUST ADVISORS LP
Filing Date
Global Rank
#561
/ 8,818
▼ 10
· as of Jun 2026
Top Industry
Semiconductors
6.2%
Period ended 28 days ago
Filed Oct 21, 2026 · 7d
24 quarters · since Dec 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$51,808,987,927
Main clients
Registered funds and BDCs
(99% of AUM)
Private funds
0 funds
$0 gross assets
Registered funds advised
4 series
(3 index, 0 ETFs)
$599,931,666 net assets· N-CEN Oct 31, 2025
LEI
54930065C4IE3LI77S53
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $51,808,987,927 | Registered funds and BDCs (99%) |
| Apr 2025 to Mar 2026 | $39,304,330,239 | Registered funds and BDCs (99%) |
| Apr 2024 to Mar 2025 | $24,381,015,458 | Registered funds and BDCs (99%) |
| May 2023 to Mar 2024 | $10,055,664,605 | Registered funds and BDCs (99%) |
| Apr 2023 | $10,055,664,605 | Registered funds and BDCs (99%) |
| Jul 2022 to Mar 2023 | $7,541,312,789 | Registered funds and BDCs (98%) |
4 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.
Style
Diversified active
Top 10 weight 15.2%, 145.9 effective positions, active share 62.9% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
28.6% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 14.3 quarters (12+)
Closest benchmark: the S&P 500 as of 2026-06-30, active share 62.9%; sector active share 28.6% against the combined 13F book's sector weights.
Over time 23 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
414 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026Top Position
2.0%
−0.0 pts
Top 5
8.0%
−0.5 pts
Top 10
14.1%
−1.1 pts
HHI
67
Diversified−2
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 23.8% | $2,261,175,645 |
| Technology | 22.7% | $2,157,781,163 |
| Industrials | 15.3% | $1,453,135,207 |
| Consumer Defensive | 9.8% | $929,198,142 |
| Consumer Cyclical | 7.7% | $729,383,928 |
| Healthcare | 6.8% | $645,600,266 |
| Basic Materials | 4.2% | $400,988,011 |
| Communication Services | 3.9% | $373,122,563 |
| Energy | 2.5% | $236,628,412 |
| Utilities | 2.0% | $190,402,891 |
| Real Estate | 1.5% | $141,940,050 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RF | Regions Financial Corp | +884,478 | 2,876,112 | $77,309,889 | |
| LUV | Southwest Airlines Co | +595,759 | 1,043,802 | $43,463,915 | |
| TU | Telus Corp | +437,801 | 1,296,867 | $10,880,714 | |
| PYPL | PayPal Holdings, Inc. | +434,648 | 1,189,658 | $62,492,734 | |
| USB | US Bancorp De | +397,672 | 1,342,173 | $77,523,911 | |
| WFC | Wells Fargo & Company | +262,395 | 736,750 | $58,976,836 | |
| PNR | PENTAIR plc | +237,980 | 777,578 | $41,203,857 | |
| APH | Amphenol Corp | +210,215 | 371,080 | $31,282,043 | |
| SCHW | Schwab Charles Corp | +209,041 | 616,370 | $60,244,003 | |
| CSCO | Cisco Systems, Inc. | +195,153 | 539,571 | $58,074,025 | |
| QCOM | Qualcomm Inc | +175,855 | 280,735 | $51,666,469 | |
| AFL | Aflac Inc | +175,634 | 888,857 | $99,356,435 | |
| ALB | Albemarle Corp | +172,498 | 417,223 | $44,133,848 | |
| BF-B | Brown Forman Corp | +166,479 | 1,855,468 | $48,613,261 | |
| CTSH | Cognizant Technology Solutions Corp | +157,736 | 993,288 | $57,054,462 | |
| ORCL | Oracle Corp | +152,652 | 379,321 | $52,080,772 | |
| SYF | Synchrony Financial | +131,123 | 1,086,144 | $77,083,639 | |
| CINF | Cincinnati Financial Corp | +124,237 | 761,534 | $121,365,673 | |
| IBM | International Business Machines Corp | +117,873 | 474,969 | $104,459,931 | |
| VLTO | Veralto Corp | +116,143 | 854,460 | $80,592,667 | |
| BAC | Bank Of America Corp | +115,865 | 1,454,930 | $79,191,839 | |
| HPQ | Hp Inc | +104,030 | 476,437 | $14,902,949 | |
| GAP | Gap Inc | +96,271 | 317,626 | $7,254,577 | |
| EBC | Eastern Bankshares, Inc. | +93,296 | 188,493 | $3,945,158 | |
| AOS | Smith A O Corp | +90,265 | 946,013 | $53,326,752 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HRL | Hormel Foods Corp | −341,315 | 1,943,788 | $38,759,131 | |
| BEN | Franklin Templeton Inc | −269,246 | 1,513,370 | $48,609,443 | |
| FOXA | Fox Corp | −235,506 | 122,418 | $7,669,487 | |
| MLI | Mueller Industries Inc | −226,989 | 1,015,531 | $61,551,333 | |
| KVUE | Kenvue Inc. | −224,557 | 2,582,290 | $45,603,240 | |
| WFRD | Weatherford International plc | −172,763 | 81,790 | $6,435,237 | |
| EBAY | Ebay Inc | −143,642 | 174,232 | $18,477,302 | |
| ADM | Archer-Daniels-Midland Co | −134,194 | 561,187 | $44,547,023 | |
| ABT | Abbott Laboratories | −134,098 | 671,539 | $66,368,199 | |
| PCAR | Paccar Inc | −129,800 | 157,250 | $17,267,622 | |
| COKE | Coca-Cola Consolidated, Inc. | −127,867 | 112,738 | $21,337,921 | |
| NOV | NOV Inc. | −127,846 | 116,763 | $2,186,970 | |
| EWBC | East West Bancorp Inc | −122,334 | 221,767 | $27,483,583 | |
| STT | State Street Corp | −112,671 | 139,278 | $24,316,545 | |
| PHM | Pultegroup Inc | −99,590 | 284,335 | $32,999,919 | |
| ACM | Aecom | −96,577 | 95,006 | $5,600,603 | |
| SJM | J M SMUCKER Co | −92,087 | 415,104 | $49,360,015 | |
| SWK | Stanley Black & Decker, Inc. | −87,780 | 549,052 | $48,640,516 | |
| FULT | Fulton Financial Corp | −82,740 | 188,417 | $4,250,687 | |
| RJF | Raymond James Financial Inc | −72,529 | 26,983 | $4,263,853 | |
| ES | Eversource Energy | −68,595 | 658,110 | $42,224,337 | |
| KLAC | Kla Corp | −62,789 | 463,625 | $90,374,420 | |
| CL | Colgate Palmolive Co | −58,834 | 555,154 | $47,365,738 | |
| AMAT | Applied Materials Inc | −58,378 | 210,514 | $107,652,648 | |
| LRCX | Lam Research Corp | −58,359 | 326,056 | $107,112,655 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GRMN | Garmin Ltd | 70,561 | $20,239,717 | |
| CF | CF Industries Holdings, Inc. | 165,566 | $19,073,203 | |
| VRT | Vertiv Holdings Co | 75,570 | $18,235,795 | |
| VISN | Vistance Networks, Inc. | 1,989,489 | $11,897,144 | |
| INSW | International Seaways, Inc. | 20,035 | $2,206,654 | |
| INFY | Infosys Ltd | 188,203 | $2,025,064 | |
| PFG | Principal Financial Group Inc | 17,937 | $2,008,226 | |
| WAL | Western Alliance Bancorporation | 25,290 | $1,899,279 | |
| LEVI | Levi Strauss & Co | 95,189 | $1,875,223 | |
| TPR | Tapestry, Inc. | 16,298 | $1,874,921 | |
| AUB | Atlantic Union Bankshares Corp | 49,001 | $1,859,587 | |
| KEY | Keycorp | 91,442 | $1,835,240 | |
| BPOP | Popular, Inc. | 11,753 | $1,827,003 | |
| VOD | Vodafone Group Public Ltd Co | 112,297 | $1,813,596 | |
| NFG | National Fuel Gas Co | 23,796 | $1,805,164 | |
| TILE | Interface Inc | 52,116 | $1,792,790 | |
| CDE | Coeur Mining, Inc. | 95,099 | $1,673,742 | |
| OSK | Oshkosh Corp | 12,824 | $1,651,987 | |
| SPCX | Space Exploration Technologies Corp | 5,286 | $797,445 | |
| CME | Cme Group Inc. | 1,767 | $462,918 | |
| VRTX | Vertex Pharmaceuticals Inc | 810 | $423,476 | |
| MCO | Moodys Corp | 848 | $385,102 | |
| EXE | EXPAND ENERGY Corp | 4,462 | $375,209 | |
| CSX | Csx Corp | 7,749 | $360,405 | |
| OPRA | Opera Ltd | 14,363 | $253,076 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| UNM | Unum Group | 228,993 | $20,471,974 | |
| MET | Metlife Inc | 175,100 | $14,815,210 | |
| WINA | Winmark Corp | 12,957 | $5,481,847 | |
| STX | Seagate Technology Holdings plc | 5,656 | $5,458,040 | |
| CALM | Cal-Maine Foods Inc | 58,002 | $4,672,641 | |
| ESI | Element Solutions Inc | 68,085 | $3,251,058 | |
| HL | Hecla Mining Co | 205,779 | $3,175,169 | |
| SWKS | Skyworks Solutions, Inc. | 41,546 | $2,816,818 | |
| MBGL | Mobility Global Inc. | 115,712 | $2,551,449 | |
| FTV | Fortive Corp | 36,590 | $2,235,283 | |
| LEA | Lear Corp | 15,925 | $2,134,905 | |
| HBAN | Huntington Bancshares Inc | 115,153 | $2,041,662 | |
| FELE | Franklin Electric Co Inc | 17,893 | $1,917,950 | |
| FRME | First Merchants Corp | 42,174 | $1,842,582 | |
| FHI | Federated Hermes, Inc. | 32,983 | $1,821,321 | |
| FG | F&G Annuities & Life, Inc. | 67,752 | $1,801,525 | |
| SFBS | ServisFirst Bancshares, Inc. | 19,870 | $1,723,722 | |
| J | Jacobs Solutions Inc. | 11,974 | $1,508,724 | |
| ALLE | Allegion plc | 10,309 | $1,448,311 | |
| LNC | Lincoln National Corp | 40,794 | $1,442,067 | |
| TLK | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 63,351 | $850,803 | |
| UMC | United Microelectronics Corp | 24,798 | $674,753 | |
| CHT | Chunghwa Telecom Co Ltd | 10,383 | $459,551 | |
| TT | Trane Technologies plc | 869 | $426,818 | |
| A | Agilent Technologies, Inc. | 2,901 | $385,339 | |
| No positions match the current search. | ||||
414 tracked positions ·
$9,519,356,278 total
· filing declares
575 positions · $9,519,356,444
· as of Sep 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 414 positions by value
· page 1 of 9
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Added | 370,477 | $190,017,652 | 2.00% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 738,089 | $168,564,765 | 1.77% | |
| AAPL |
Apple Inc.
Technology
|
Added | 413,306 | $137,639,163 | 1.45% | |
| CB |
Chubb Ltd
Financial Services
|
Added | 419,843 | $136,553,935 | 1.43% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Added | 501,780 | $129,489,345 | 1.36% | |
| CINF |
Cincinnati Financial Corp
Financial Services
|
Added | 761,534 | $121,365,673 | 1.27% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 156,707 | $113,640,781 | 1.19% | |
| MU |
Micron Technology Inc
Technology
|
Added | 101,238 | $107,829,606 | 1.13% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 210,514 | $107,652,648 | 1.13% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 326,056 | $107,112,655 | 1.13% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 474,969 | $104,459,931 | 1.10% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 303,510 | $104,431,720 | 1.10% | |
| AFL |
Aflac Inc
Financial Services
|
Added | 888,857 | $99,356,435 | 1.04% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 276,446 | $91,456,629 | 0.96% | |
| V |
Visa Inc.
Financial Services
|
Added | 251,667 | $90,431,502 | 0.95% | |
| KLAC |
Kla Corp
Technology
|
Reduced | 463,625 | $90,374,420 | 0.95% | |
| EXPE |
Expedia Group, Inc.
Consumer Cyclical
|
Added | 321,005 | $84,539,876 | 0.89% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 88,604 | $84,217,215 | 0.88% | |
| TRV |
Travelers Companies, Inc.
Financial Services
|
Added | 230,507 | $82,178,050 | 0.86% | |
| ROST |
Ross Stores, Inc.
Consumer Cyclical
|
Added | 346,589 | $80,893,871 | 0.85% | |
| VLTO |
Veralto Corp
Industrials
|
Added | 854,460 | $80,592,667 | 0.85% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Added | 549,065 | $79,411,270 | 0.83% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 1,454,930 | $79,191,839 | 0.83% | |
| SNA |
Snap-on Inc
Industrials
|
Added | 216,671 | $78,727,407 | 0.83% | |
| USB |
US Bancorp De
Financial Services
|
Added | 1,342,173 | $77,523,911 | 0.81% | |
| RF |
Regions Financial Corp
Financial Services
|
Added | 2,876,112 | $77,309,889 | 0.81% | |
| SYF |
Synchrony Financial
Financial Services
|
Added | 1,086,144 | $77,083,639 | 0.81% | |
| CRM |
Salesforce, Inc.
Technology
|
Reduced | 335,326 | $76,980,788 | 0.81% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 218,440 | $76,713,942 | 0.81% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Added | 84,054 | $76,517,717 | 0.80% | |
| ALL |
Allstate Corp
Financial Services
|
Added | 325,545 | $72,225,412 | 0.76% | |
| AXP |
American Express Co
Financial Services
|
Added | 233,152 | $70,901,523 | 0.74% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 432,341 | $70,363,497 | 0.74% | |
| WSM |
Williams Sonoma Inc
Consumer Cyclical
|
Reduced | 306,392 | $69,838,991 | 0.73% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 331,193 | $67,632,922 | 0.71% | |
| ACN |
Accenture plc
Technology
|
Added | 367,429 | $67,375,455 | 0.71% | |
| DOV |
DOVER Corp
Industrials
|
Added | 355,749 | $66,542,850 | 0.70% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 671,539 | $66,368,199 | 0.70% | |
| BKR |
Baker Hughes Co
Energy
|
Added | 1,197,972 | $65,768,662 | 0.69% | |
| HIG |
Hartford Insurance Group, Inc.
Financial Services
|
Added | 534,073 | $65,349,171 | 0.69% | |
| LIN |
Linde PLC
Basic Materials
|
Reduced | 136,996 | $65,025,150 | 0.68% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 733,463 | $63,136,494 | 0.66% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
Added | 1,189,658 | $62,492,734 | 0.66% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 235,822 | $62,431,515 | 0.66% | |
| GE |
General Electric Co
Industrials
|
Reduced | 198,487 | $61,985,504 | 0.65% | |
| MLI |
Mueller Industries Inc
Industrials
|
Reduced | 1,015,531 | $61,551,333 | 0.65% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Added | 616,370 | $60,244,003 | 0.63% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 410,684 | $59,664,170 | 0.63% | |
| WFC |
Wells Fargo & Company
Financial Services
|
Added | 736,750 | $58,976,836 | 0.62% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 224,688 | $58,776,133 | 0.62% |
Showing the top 50 of 414 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.