Financial Engines Advisors L.L.C.
"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 46 quarters, returned +1.3% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 52.2% of quarters (excess t = 0.09, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 552 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| SPYV | $5.0B | | HOLD |
| SPMB | $4.4B | | ADD +5% |
| SCHF | $4.1B | | TRIM −3% |
| IGIB | $3.7B | | ADD +9% |
| VUG | $3.3B | | HOLD |
| SPDW | $2.6B | | TRIM −7% |
| XT | $2.4B | | TRIM −9% |
| VWO | $2.1B | | ADD +43% |
| KOMP | $2.0B | | TRIM −5% |
| SPYG | $1.9B | | TRIM −6% |
| IWD | $1.9B | | HOLD |
| SCHM | $1.9B | | TRIM −9% |
| SCHV | $1.6B | | TRIM −4% |
| SPTL | $1.5B | | ADD +8% |
| SCHK | $1.5B | | TRIM −4% |
| SCHH | $1.4B | | HOLD |
| SPTI | $1.4B | | ADD +8% |
| SCHG | $1.3B | | ADD +15% |
| LQD | $1.2B | | ADD +5% |
| IJR | $1.1B | | TRIM −5% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
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 is the first trading session after the actual SEC filing deadline plus a 2-day buffer. 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.