STEPHENS INC /AR/
Registered adviserFiling Date
Global Rank
#590
/ 8,818
▼ 19
Top Industry
Semiconductors
9.5%
Period ended 4 months ago
Filed Jul 29, 2026 · 3mo
26 quarters · since Mar 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
$18,044,844,233
Main clients
Individuals and high net worth
(79% of AUM)
LEI
213800LH6T9XDYZCA534
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 | $18,044,844,233 | Individuals and high net worth (79%) |
| Dec 2025 to Mar 2026 | $16,444,534,017 | Individuals and high net worth (78%) |
| Apr 2025 to Sep 2025 | $15,612,784,011 | Individuals and high net worth (79%) |
| Nov 2024 to Mar 2025 | $14,783,890,572 | Individuals and high net worth (78%) |
| Apr 2024 to Oct 2024 | $13,609,251,985 | Individuals and high net worth (79%) |
| Oct 2023 to Mar 2024 | $13,304,755,860 | Individuals and high net worth (77%) |
9 earlier changes not shown.
In the firm's words
- Fundamental active:
Stephens makes each investment judgment in a “bottom up” fundamental manner based on a myriad of industry and company specific variables
Stated strategy
Quantitative / systematic, Fixed income / rates, Multi-asset, Wealth management / planning
Form ADV Part 2A, Sep 30, 2026
· original
In the firm's words
- Quantitative / systematic:
These quantitative reports are used to help identify new securities that meet our investment criteria and to monitor existing holdings.
- Fixed income / rates:
SCM services discretionary and non-discretionary portfolios of equity, fixed income and alternative asset classes and provides asset allocation advice to clients.
- Multi-asset:
SCM services discretionary and non-discretionary portfolios of equity, fixed income and alternative asset classes and provides asset allocation advice to clients.
- Wealth management / planning:
Stephens can assist you in selecting and managing investment solutions that best fit your wealth management goals.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 37.3%, 35.3 effective positions, active share 48.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
15.0% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 23.1 quarters (12+), a floor since 78.1% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 48.7%; sector active share 32.2% against the combined 13F book's sector weights.
Over time 26 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
1,285 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
12.2%
+0.4 pts
Top 5
28.1%
+0.9 pts
Top 10
37.3%
+1.0 pts
HHI
283
Diversified+14
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 44.3% | $3,921,059,214 |
| Technology | 14.5% | $1,281,750,716 |
| Financial Services | 10.1% | $893,467,965 |
| Industrials | 6.5% | $571,488,272 |
| Consumer Cyclical | 5.2% | $463,850,074 |
| Healthcare | 4.4% | $390,375,780 |
| Consumer Defensive | 4.3% | $377,628,809 |
| Communication Services | 4.0% | $354,696,942 |
| Energy | 2.9% | $253,899,070 |
| Utilities | 1.6% | $139,435,008 |
| Basic Materials | 1.5% | $131,287,173 |
| Real Estate | 0.8% | $67,680,679 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IWF | iShares Russell 1000 Growth ETF | +802,121 | 1,064,094 | $132,128,551 | |
| VUG | VANGUARD GROWTH INDEX FUND | +730,599 | 875,866 | $75,447,097 | |
| OTF | Blue Owl Technology Finance Corp. | +488,262 | 1,379,124 | $14,273,933 | |
| VO | VANGUARD MID-CAP INDEX FUND | +439,106 | 587,191 | $47,309,978 | |
| VRP | Invesco Ltd. | +162,286 | 1,641,083 | $39,894,727 | |
| JAAA | Janus Henderson AAA CLO ETF | +161,592 | 313,064 | $15,806,601 | |
| MGK | VANGUARD MEGA CAP GROWTH INDEX FUND | +150,394 | 188,074 | $16,533,585 | |
| ET | Energy Transfer LP | +99,052 | 1,479,489 | $28,287,830 | |
| CGMU | Capital Group Municipal Income ETF | +82,680 | 196,215 | $5,390,026 | |
| HPE | Hewlett Packard Enterprise Co | +78,191 | 86,886 | $3,919,427 | |
| IOO | iShares Global 100 ETF | +76,649 | 604,847 | $82,622,100 | |
| BIV | Vanguard Bond Index Funds | +74,321 | 683,912 | $52,456,050 | |
| BG | Bunge Global SA | +64,760 | 171,204 | $18,272,602 | |
| SCHD | Schwab U.S. Dividend Equity ETF | +61,061 | 1,868,823 | $59,260,377 | |
| MPLX | Mplx LP | +59,996 | 211,656 | $11,922,582 | |
| ED | Consolidated Edison Inc | +58,552 | 72,152 | $7,982,175 | |
| AROC | Archrock, Inc. | +57,025 | 77,636 | $3,160,561 | |
| CGDV | Capital Group Dividend Value ETF | +56,561 | 299,585 | $14,763,548 | |
| WMT | Walmart Inc. | +47,796 | 1,587,838 | $179,838,531 | |
| MDLN | Medline Inc. | +46,483 | 132,663 | $5,232,228 | |
| FTHI | First Trust BuyWrite Income ETF | +45,839 | 62,114 | $1,481,418 | |
| CGGR | Capital Group Growth ETF | +45,406 | 486,484 | $22,962,044 | |
| VGSH | VANGUARD SHORT-TERM TREASURY INDEX FUND | +44,401 | 559,865 | $32,584,143 | |
| AZN | Astrazeneca PLC | +42,335 | 53,960 | $10,231,895 | |
| VGT | VANGUARD INFORMATION TECHNOLOGY INDEX FUND | +41,426 | 47,610 | $5,690,347 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AES | Aes Corp | −257,963 | 488,429 | $7,160,369 | |
| NDMO | Nuveen Dynamic Municipal Opportunities Fund | −255,160 | 120,000 | $1,249,200 | |
| T | At&T Inc. | −237,599 | 422,937 | $8,754,795 | |
| TGT | Target Corp | −66,158 | 14,107 | $1,842,515 | |
| YETI | YETI Holdings, Inc. | −65,300 | 15,000 | $743,400 | |
| MDT | Medtronic plc | −52,296 | 232,608 | $18,196,923 | |
| LKQ | Lkq Corp | −51,265 | 75,718 | $1,993,654 | |
| PFF | iShares Preferred and Income Securities ETF | −46,840 | 446,632 | $13,617,809 | |
| ORI | Old Republic International Corp | −46,825 | 206,999 | $8,470,399 | |
| CDX | Simplify High Yield ETF | −45,595 | 14,989 | $316,567 | |
| USFR | WisdomTree Floating Rate Treasury Fund | −44,611 | 116,500 | $5,865,775 | |
| OBDC | Blue Owl Capital Corp | −42,037 | 1,550,470 | $16,853,608 | |
| FCX | Freeport-Mcmoran Inc | −41,968 | 54,643 | $3,436,498 | |
| OWL | Blue Owl Capital Inc. | −40,873 | 304,722 | $2,666,317 | |
| — | −37,976 | 485,385 | $71,065,217 | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | −37,075 | 423,052 | $42,588,644 | |
| SCHW | Schwab Charles Corp | −32,058 | 20,448 | $1,886,736 | |
| RMBS | Rambus Inc | −27,547 | 5,434 | $721,309 | |
| PLTR | Palantir Technologies Inc. | −26,522 | 238,173 | $27,787,643 | |
| GNT | GAMCO Natural Resources, Gold & Income Trust | −22,970 | 17,178 | $140,000 | |
| BKLN | Invesco Ltd. | −22,692 | 273,015 | $5,561,315 | |
| LYG | Lloyds Banking Group plc | −21,247 | 101,097 | $589,395 | |
| AMGN | Amgen Inc | −20,703 | 93,841 | $33,981,702 | |
| FSMB | First Trust Short Duration Managed Municipal ETF | −20,304 | 81,821 | $1,635,601 | |
| TPG | TPG Inc. | −20,000 | 10,000 | $405,500 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MOD | Modine Manufacturing Co | 59,213 | $15,811,055 | |
| FDXF | FedEx Freight Holding Company, Inc. | 24,158 | $3,647,858 | |
| HONA | Honeywell Aerospace Inc. | 15,717 | $3,474,714 | |
| SPCX | Space Exploration Technologies Corp | 14,877 | $2,541,884 | |
| TCAF | T. Rowe Price Capital Appreciation Equity ETF | 44,250 | $1,818,675 | |
| — | 40,045 | $1,559,993 | ||
| NZF | Nuveen Municipal Credit Income Fund | 84,678 | $1,073,717 | |
| UFO | Procure Space ETF | 17,638 | $893,717 | |
| FLS | Flowserve Corp | 8,678 | $643,560 | |
| TWST | Twist Bioscience Corp | 5,167 | $531,580 | |
| UMAC | Unusual Machines, Inc. | 22,729 | $506,856 | |
| — | 9,175 | $466,365 | ||
| SPYI | NEOS S&P 500(R) High Income ETF | 8,589 | $455,990 | |
| EME | EMCOR Group, Inc. | 539 | $447,305 | |
| OKLO | Oklo Inc. | 8,496 | $444,595 | |
| IYT | iShares U.S. Transportation ETF | 5,037 | $436,959 | |
| BUFQ | FT Vest Laddered Nasdaq Buffer ETF | 10,896 | $427,885 | |
| NET | Cloudflare, Inc. | 1,679 | $411,825 | |
| DDOG | Datadog, Inc. | 1,502 | $391,060 | |
| REYN | Reynolds Consumer Products Inc. | 14,500 | $389,325 | |
| SMCI | Super Micro Computer, Inc. | 13,101 | $384,252 | |
| ITWO | ProShares Russell 2000 High Income ETF | 7,831 | $367,743 | |
| FPS | Forgent Power Solutions, Inc. | 6,544 | $365,547 | |
| CTEV | Claritev Corp | 10,650 | $363,271 | |
| LSCC | Lattice Semiconductor Corp | 2,312 | $353,643 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AU | AngloGold Ashanti PLC | 41,098 | $4,001,301 | |
| G | Genpact LTD | 82,498 | $3,073,050 | |
| — | 26,786 | $974,061 | ||
| FSLY | Fastly, Inc. | 33,269 | $966,797 | |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | 29,296 | $841,088 | |
| PSIX | Power Solutions International, Inc. | 12,000 | $730,560 | |
| — | 120,000 | $708,000 | ||
| RQI | Cohen & Steers Quality Income Realty Fund Inc | 44,192 | $532,513 | |
| CMC | COMMERCIAL METALS Co | 8,490 | $521,540 | |
| PZA | Invesco National AMT-Free Municipal Bond ETF | 19,034 | $437,401 | |
| STRA | Strategic Education, Inc. | 5,239 | $434,627 | |
| AR | ANTERO RESOURCES Corp | 10,213 | $433,439 | |
| KREF | KKR Real Estate Finance Trust Inc. | 64,411 | $394,195 | |
| — | 15,398 | $384,642 | ||
| EMN | Eastman Chemical Co | 4,847 | $369,923 | |
| — | 1,691 | $349,614 | ||
| MLN | VanEck Long Muni ETF | 19,561 | $341,143 | |
| PRI | Primerica, Inc. | 1,345 | $336,895 | |
| BAB | Invesco Exchange-Traded Fund Trust II | 11,977 | $322,899 | |
| PZZA | Papa Johns International Inc | 9,697 | $314,279 | |
| ITM | VanEck Intermediate Muni ETF | 6,509 | $302,212 | |
| KMX | Carmax Inc | 7,183 | $298,669 | |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 13,087 | $294,326 | |
| PRVA | Privia Health Group, Inc. | 13,828 | $284,441 | |
| HMC | Honda Motor Co Ltd | 11,612 | $282,287 | |
| No positions match the current search. | ||||
1,285 tracked positions ·
$8,846,619,702 total
· filing declares
1,332 positions · $8,925,962,961
· as of Jun 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 1,285 positions by value
· page 1 of 26
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Added | 659,346 | $243,984,393 | 2.76% | |
| AAPL |
Apple Inc.
Technology
|
Added | 833,376 | $241,145,679 | 2.73% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 267,335 | $196,865,494 | 2.23% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 1,587,838 | $179,838,531 | 2.03% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 824,241 | $164,922,381 | 1.86% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 686,863 | $163,706,927 | 1.85% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 398,533 | $150,545,840 | 1.70% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 390,296 | $145,588,213 | 1.65% | |
| IWD |
iShares Russell 1000 Value ETF
|
Added | 593,962 | $143,994,207 | 1.63% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 438,978 | $143,690,668 | 1.62% | |
| IWF |
iShares Russell 1000 Growth ETF
|
Added | 1,064,094 | $132,128,551 | 1.49% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 351,331 | $125,555,159 | 1.42% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 167,417 | $125,021,993 | 1.41% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 320,623 | $113,285,724 | 1.28% | |
| IWS |
iShares Russell Mid-Cap Value ETF
|
Reduced | 669,651 | $110,224,554 | 1.25% | |
| VTV |
VANGUARD VALUE INDEX FUND
|
Added | 423,860 | $92,371,809 | 1.04% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 85,346 | $86,316,384 | 0.98% | |
| IOO |
iShares Global 100 ETF
|
Added | 604,847 | $82,622,100 | 0.93% | |
| VOO |
VANGUARD 500 INDEX FUND
|
Added | 113,290 | $77,808,704 | 0.88% | |
| IWV |
iShares Russell 3000 ETF
|
Added | 177,801 | $75,814,346 | 0.86% | |
| VUG |
VANGUARD GROWTH INDEX FUND
|
Added | 875,866 | $75,447,097 | 0.85% | |
| VBR |
VANGUARD SMALL-CAP VALUE INDEX FUND
|
Added | 302,916 | $73,605,558 | 0.83% | |
|
|
Reduced | 485,385 | $71,065,217 | 0.80% | ||
| KRUS |
Kura Sushi USA, Inc.
Consumer Cyclical
|
Reduced | 1,102,847 | $63,479,873 | 0.72% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 56,857 | $60,547,019 | 0.68% | |
| SCHD |
Schwab U.S. Dividend Equity ETF
|
Added | 1,868,823 | $59,260,377 | 0.67% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 102,378 | $57,668,503 | 0.65% | |
| VONG |
VANGUARD RUSSELL 1000 GROWTH INDEX FUND
|
Reduced | 437,676 | $55,939,369 | 0.63% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 469,615 | $55,160,977 | 0.62% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Added | 102,905 | $53,756,542 | 0.61% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 210,285 | $53,406,081 | 0.60% | |
| BIV |
Vanguard Bond Index Funds
|
Added | 683,912 | $52,456,050 | 0.59% | |
| VBK |
VANGUARD SMALL-CAP GROWTH INDEX FUND
|
Added | 140,559 | $51,402,426 | 0.58% | |
| IWR |
iShares Russell Mid-Cap ETF
|
Added | 436,558 | $48,161,078 | 0.54% | |
| VO |
VANGUARD MID-CAP INDEX FUND
|
Added | 587,191 | $47,309,978 | 0.53% | |
| VCSH |
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND
|
Added | 583,585 | $46,120,722 | 0.52% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 88,511 | $45,459,249 | 0.51% | |
| IWM |
iShares Russell 2000 ETF
|
Added | 148,311 | $44,560,039 | 0.50% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 37,094 | $44,491,660 | 0.50% | |
| DUK |
Duke Energy CORP
Utilities
|
Added | 345,986 | $43,794,907 | 0.50% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 260,627 | $43,201,531 | 0.49% | |
| APH |
Amphenol Corp
Technology
|
Reduced | 244,235 | $43,063,515 | 0.49% | |
| SGOV |
iShares 0-3 Month Treasury Bond ETF
|
Reduced | 423,052 | $42,588,644 | 0.48% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 311,060 | $42,528,123 | 0.48% | |
| JPST |
JPMorgan Ultra-Short Income ETF
|
Reduced | 826,961 | $41,819,417 | 0.47% | |
| FTCB |
First Trust Core Investment Grade ETF
|
Added | 2,004,030 | $41,794,045 | 0.47% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 119,952 | $41,154,331 | 0.47% | |
| VRP |
Invesco Ltd.
Financial Services
|
Added | 1,641,083 | $39,894,727 | 0.45% | |
| SHY |
iShares 1-3 Year Treasury Bond ETF
|
Reduced | 484,807 | $39,807,502 | 0.45% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 77,294 | $38,677,144 | 0.44% |
Showing the top 50 of 1,285 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.