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 44 quarters, returned +2.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 54.5% of quarters (excess t = 0.23, 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 3975 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IVV | $3.6B | | ADD +7% |
| AAPL | $1.9B | | ADD +15% |
| AGG | $1.6B | | ADD +11% |
| NVDA | $1.3B | | ADD +13% |
| SMTH | $1.3B | | ADD +18% |
| MSFT | $951M | | ADD +15% |
| VWO | $868M | | ADD +13% |
| FNDF | $859M | | ADD +12% |
| USVM | $855M | | ADD +14% |
| AVLV | $843M | | ADD +20% |
| JMOM | $809M | | ADD +6% |
| AMZN | $758M | | ADD +15% |
| GOOGL | $730M | | ADD +9% |
| IMTM | $704M | | ADD +12% |
| GOVT | $580M | | ADD +13% |
| MU | $580M | | ADD ×3.2 |
| SPHQ | $523M | | ADD +8% |
| UYLD | $493M | | ADD +17% |
| AVDE | $479M | | ADD +15% |
| USMV | $459M | | ADD +8% |
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.