Envestnet Portfolio Solutions, Inc.
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 9 quarters, returned +3.4% per quarter — versus +4.0% per quarter from simply owning every 13F stock. It beat that baseline in only 55.6% of quarters (excess t = -0.10, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 1286 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IWY | $1.2B | | HOLD |
| APUE | $999M | | TRIM |
| IVV | $790M | | TRIM |
| IWX | $583M | | HOLD |
| IUSB | $579M | | HOLD |
| IVE | $454M | | TRIM |
| APCB | $451M | | TRIM |
| APIE | $428M | | TRIM |
| IVW | $413M | | HOLD |
| IEMG | $412M | | TRIM |
| IWS | $405M | | TRIM |
| DYNF | $382M | | TRIM |
| EFV | $315M | | TRIM |
| AGG | $304M | | TRIM |
| TLH | $303M | | ADD |
| IEFA | $261M | | TRIM |
| SPY | $240M | | TRIM |
| IWP | $211M | | TRIM |
| EFG | $205M | | ADD |
| QUAL | $195M | | TRIM |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.