WEALTH ENHANCEMENT ADVISORY 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 32 quarters, returned +3.2% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 53.1% of quarters (excess t = 1.21, 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 3569 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IVV | $2.9B | | TRIM |
| AGG | $1.5B | | TRIM |
| SMTH | $1.1B | | TRIM |
| MSFT | $799M | | TRIM |
| FNDF | $708M | | TRIM |
| VWO | $693M | | TRIM |
| USVM | $659M | | TRIM |
| JMOM | $628M | | TRIM |
| AVLV | $621M | | TRIM |
| IMTM | $582M | | TRIM |
| AMZN | $562M | | TRIM |
| GOOGL | $550M | | TRIM |
| GOVT | $521M | | TRIM |
| BRK/B | $466M | | TRIM |
| UYLD | $422M | | TRIM |
| SPHQ | $416M | | TRIM |
| USMV | $407M | | TRIM |
| AVDE | $398M | | TRIM |
| VOO | $349M | | TRIM |
| JNJ | $341M | | 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.