Style
IndexTurnover
Orientation
Index / PassiveJones Financial Companies employs a predominantly passive, multi-asset strategy, with top holdings overwhelmingly composed of low-cost Vanguard and iShares core ETFs. The portfolio’s allocation is highly concentrated in broad U.S. equity index funds (IVV, VOO, VV) and growth and value tilts (VUG, VTV), alongside significant fixed-income exposure via AGG and high-yield bonds (USHY), while international developed markets (IEFA, VEA, SCZ) represent a notable satellite allocation. The 78.4% unclassified sector weighting underscores a top-down, cap-weighted index approach rather than active sector tilting. AUM growth from $86.5B in Q2 2024 to $208.1B in Q1 2026, accompanied by a near-doubling in position count to 5,771, reveals a scalable systematic strategy that reflects strong conviction in factor-diversified, passive core positions rather than stock-specific bets.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Vanguard Index FDS(VUG) | 219,112,994 | $18.1B | 7.26% |
| 2 | Spdr SER TR(SPYM) | 169,823,143 | $14.6B | 5.83% |
| 3 | Ishares Core S&P 500 ETF(IVV) | 19,409,670 | $14.2B | 5.67% |
| 4 | Vanguard Index FDS(VOO) | 18,541,326 | $12.4B | 4.98% |
Latest filing, equity positions only
| 5 |
| Ishares Core US Aggregate Bond(AGG) |
| 110,159,073 |
| $10.9B |
| 4.38% |
| 6 | Ishares Russell Midcap(IWR) | 99,650,083 | $10.9B | 4.37% |
| 7 | Ishares TR(IEFA) | 113,501,860 | $10.8B | 4.34% |
| 8 | Vanguard Index FDS(VTV) | 44,576,925 | $9.7B | 3.90% |
| 9 | Vanguard Index FDS(VO) | 110,769,908 | $8.9B | 3.55% |
| 10 | Vanguard Index FDS(VV) | 19,222,366 | $6.5B | 2.59% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 6.15% | 7.26% | +1.11% |
| Unclassified | 77.86% | 76.85% | -1.01% |
| Energy | 1.18% | 0.92% | -0.26% |
| Healthcare | 2.13% | 2.27% | +0.14% |
| Financial Services | 3.43% | 3.56% | +0.13% |
| Communication Services | 1.81% | 1.89% | +0.08% |
| Consumer Defensive | 1.04% | 0.97% | -0.07% |
| Industrials | 2.6% | 2.55% | -0.05% |
| Utilities | 0.6% | 0.57% | -0.03% |
| Consumer Cyclical | 2.38% | 2.35% | -0.03% |
| Basic Materials | 0.42% | 0.39% | -0.03% |
| Real Estate | 0.38% | 0.4% | +0.02% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Unclassified | 77.86% | 76.85% | -1.01% |
| Mega Cap | 10.65% | 11.81% | +1.16% |
| Large Cap | 10.3% | 9.98% | -0.32% |
| Mid Cap | 1.08% | 1.22% | +0.14% |
| Small Cap | 0.09% | 0.12% | +0.03% |
| Micro Cap | 0.02% | 0.02% | 0% |
Quarter-over-quarter position changes