MML INVESTORS SERVICES, LLC
"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 38 quarters, returned +2.3% per quarter — versus +1.9% per quarter from simply owning every 13F stock. It beat that baseline in only 57.9% of quarters (excess t = 1.33, 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 3254 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IVV | $2.1B | | ADD +55% |
| NVDA | $906M | | ADD +17% |
| AAPL | $891M | | ADD +20% |
| QQQ | $668M | | ADD +20% |
| VEA | $652M | | ADD +20% |
| DYNF | $621M | | ADD +26% |
| MSFT | $610M | | ADD +21% |
| VOO | $586M | | ADD +26% |
| AMZN | $577M | | ADD +14% |
| IVW | $548M | | ADD +19% |
| GOOGL | $542M | | ADD +19% |
| IUSB | $526M | | ADD +57% |
| SPY | $515M | | ADD +13% |
| IEMG | $496M | | TRIM −4% |
| IEFA | $448M | | ADD +15% |
| VUG | $400M | | ADD +17% |
| IVE | $385M | | HOLD |
| SCHG | $367M | | ADD +20% |
| BDYN | $346M | | ADD +20% |
| BAI | $325M | | ADD +18% |
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.