COMMONWEALTH EQUITY SERVICES, LLC

**COMMONWEALTH EQUITY SERVICES, LLC** manages $77.2B across a diversified portfolio of 4,231 positions. The fund exhibits significant concentration in mega-cap technology and index exposure, notably holding AAPL at $2.69B and NVDA at $2.05B. Core allocations include substantial weightings in broad market ETFs like IVV ($1.90B), MSFT ($1.74B), and SPY ($1.22B). This structure suggests a mandate focused on capturing growth within established, large-cap market leaders.

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