JONES FINANCIAL COMPANIES LLLP
"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 50 quarters, returned +1.0% per quarter — versus +2.0% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = -1.16, 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 4961 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| VUG | $18.1B | | TRIM −7% |
| SPYM | $14.6B | | ADD +53% |
| IVV | $14.2B | | ADD +3% |
| VOO | $12.4B | | ADD +9% |
| AGG | $10.9B | | TRIM −17% |
| IWR | $10.9B | | ADD +7% |
| IEFA | $10.8B | | ADD +5% |
| VTV | $9.7B | | TRIM −13% |
| VO | $8.9B | | ADD +5% |
| VV | $6.5B | | ADD +3% |
| SCZ | $4.4B | | ADD +8% |
| IUSB | $4.1B | | ADD +10% |
| VEA | $4.0B | | ADD +3% |
| USHY | $3.8B | | ADD +7% |
| IWB | $3.5B | | TRIM −17% |
| AVDV | $3.5B | | ADD +10% |
| IJR | $3.3B | | ADD +14% |
| NVDA | $2.9B | | ADD +26% |
| AAPL | $2.7B | | ADD +11% |
| AMZN | $2.3B | | ADD +14% |
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.