WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Filed: 10/29/2025ACC: 0001214659-25-015495

📋 What this filing means

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC filed this quarterly 13F‑HR report disclosing 3544 equity positions with a total reported market value of $66.14B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

3544

Positions

$66.14B

Total AUM (reported)

850.86M

Total Shares

Allocation by class

COM$20.98B31.7%

CORE S&P500 ETF$4.37B6.6%

CORE US AGGBD ET$1.81B2.7%

CL A$1.64B2.5%

SMITH CORE PLUS$1.29B2.0%

COM NEW$1.04B1.6%

FTSE EMR MKT ETF$970.89M1.5%

Portfolio Concentration

Top 3$8.18B12.4%

4–10$7.72B11.7%

11–25$8.68B13.1%

Rest$41.55B62.8%

Top 3 weight

12.4%

Top 10 weight

24.0%

Voting Authority Distribution

Total shares with voting rights: 880.57M

Sole

Full voting authority

31.13M

% of voting shares3.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

849.44M

% of voting shares96.5%

Investment Discretion (by position count)

Sole3544

Shared0

Other0

Dominant voting typeNone · 96.5% of voting shares

Institutional Holdings3544

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares6.50M

TypeSH

Market value$4.37B

6.61%

Sole

199.59K

Shared

0.00

None

6.32M

APPLE INC

SOLE

COM

Shares7.90M

TypeSH

Market value$2.00B

3.02%

Sole

540.45K

Shared

0.00

None

7.89M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares18.11M

TypeSH

Market value$1.81B

2.74%

Sole

582.10K

Shared

0.00

None

17.73M

MICROSOFT CORP

SOLE

COM

Shares2.97M

TypeSH

Market value$1.54B

2.33%

Sole

197.30K

Shared

0.00

None

3.06M

NVIDIA CORPORATION

SOLE

COM

Shares7.77M

TypeSH

Market value$1.39B

2.10%

Sole

239.05K

Shared

0.00

None

8.88M

ALPS ETF TR

SOLE

SMITH CORE PLUS

Shares49.33M

TypeSH

Market value$1.29B

1.95%

Sole

913.87K

Shared

0.00

None

48.77M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares17.76M

TypeSH

Market value$970.89M

1.47%

Sole

268.30K

Shared

0.00

None

17.56M

ISHARES TR

SOLE

MSCI INTL MOMENT

Shares19.10M

TypeSH

Market value$911.87M

1.38%

Sole

535.12K

Shared

0.00

None

18.63M

AMAZON COM INC

SOLE

COM

Shares3.67M

TypeSH

Market value$810.85M

1.23%

Sole

187.41K

Shared

0.00

None

3.81M

J P MORGAN EXCHANGE TRADED F

SOLE

US MOMENTUM

Shares11.90M

TypeSH

Market value$804.53M

1.22%

Sole

189.12K

Shared

0.00

None

11.74M

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares17.83M

TypeSH

Market value$775.26M

1.17%

Sole

325.78K

Shared

0.00

None

17.58M

VICTORY PORTFOLIOS II

SOLE

USAA MSCI USA SM

Shares8.16M

TypeSH

Market value$736.83M

1.11%

Sole

174.41K

Shared

0.00

None

8.02M

AMERICAN CENTY ETF TR

SOLE

US LARGE CAP VLU

Shares10.02M

TypeSH

Market value$723.40M

1.09%

Sole

282.64K

Shared

0.00

None

9.77M

ALPHABET INC

SOLE

CAP STK CL A

Shares2.82M

TypeSH

Market value$688.24M

1.04%

Sole

304.01K

Shared

0.00

None

2.84M

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares6.83M

TypeSH

Market value$650.67M

0.98%

Sole

157.66K

Shared

0.00

None

6.69M

ISHARES TR

SOLE

US TREAS BD ETF

Shares27.24M

TypeSH

Market value$628.76M

0.95%

Sole

640.73K

Shared

0.00

None

26.70M

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 QUALITY

Shares7.66M

TypeSH

Market value$564.53M

0.85%

Sole

138.05K

Shared

0.00

None

7.54M

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares877.61K

TypeSH

Market value$539.91M

0.82%

Sole

40.94K

Shared

0.00

None

839.48K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares1.06M

TypeSH

Market value$531.74M

0.80%

Sole

44.03K

Shared

0.00

None

1.02M

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares19.42M

TypeSH

Market value$514.25M

0.78%

Sole

60.44K

Shared

0.00

None

19.36M

JPMORGAN CHASE & CO.

SOLE

COM

Shares1.64M

TypeSH

Market value$504.75M

0.76%

Sole

244.61K

Shared

0.00

None

1.61M

ANGEL OAK FUNDS TRUST

SOLE

OAK ULTRASHORT

Shares9.78M

TypeSH

Market value$500.63M

0.76%

Sole

153.68K

Shared

0.00

None

9.69M

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares808.04K

TypeSH

Market value$452.61M

0.68%

Sole

16.23K

Shared

0.00

None

840.89K

META PLATFORMS INC

SOLE

CL A

Shares629.07K

TypeSH

Market value$447.05M

0.68%

Sole

33.81K

Shared

0.00

None

655.13K

VISA INC

SOLE

COM CL A

Shares1.21M

TypeSH

Market value$425.78M

0.64%

Sole

86.84K

Shared

0.00

None

1.17M

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	CORE S&P500 ETF	6.50M	SH	$4.37B 6.61%	199.59K	6.32M
APPLE INCSOLE	COM	7.90M	SH	$2.00B 3.02%	540.45K	7.89M
ISHARES TRSOLE	CORE US AGGBD ET	18.11M	SH	$1.81B 2.74%	582.10K	17.73M
MICROSOFT CORPSOLE	COM	2.97M	SH	$1.54B 2.33%	197.30K	3.06M
NVIDIA CORPORATIONSOLE	COM	7.77M	SH	$1.39B 2.10%	239.05K	8.88M
ALPS ETF TRSOLE	SMITH CORE PLUS	49.33M	SH	$1.29B 1.95%	913.87K	48.77M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	17.76M	SH	$970.89M 1.47%	268.30K	17.56M
ISHARES TRSOLE	MSCI INTL MOMENT	19.10M	SH	$911.87M 1.38%	535.12K	18.63M
AMAZON COM INCSOLE	COM	3.67M	SH	$810.85M 1.23%	187.41K	3.81M
J P MORGAN EXCHANGE TRADED FSOLE	US MOMENTUM	11.90M	SH	$804.53M 1.22%	189.12K	11.74M
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	17.83M	SH	$775.26M 1.17%	325.78K	17.58M
VICTORY PORTFOLIOS IISOLE	USAA MSCI USA SM	8.16M	SH	$736.83M 1.11%	174.41K	8.02M
AMERICAN CENTY ETF TRSOLE	US LARGE CAP VLU	10.02M	SH	$723.40M 1.09%	282.64K	9.77M
ALPHABET INCSOLE	CAP STK CL A	2.82M	SH	$688.24M 1.04%	304.01K	2.84M
ISHARES TRSOLE	MSCI USA MIN VOL	6.83M	SH	$650.67M 0.98%	157.66K	6.69M
ISHARES TRSOLE	US TREAS BD ETF	27.24M	SH	$628.76M 0.95%	640.73K	26.70M
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 QUALITY	7.66M	SH	$564.53M 0.85%	138.05K	7.54M
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	877.61K	SH	$539.91M 0.82%	40.94K	839.48K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	1.06M	SH	$531.74M 0.80%	44.03K	1.02M
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	19.42M	SH	$514.25M 0.78%	60.44K	19.36M
JPMORGAN CHASE & CO.SOLE	COM	1.64M	SH	$504.75M 0.76%	244.61K	1.61M
ANGEL OAK FUNDS TRUSTSOLE	OAK ULTRASHORT	9.78M	SH	$500.63M 0.76%	153.68K	9.69M
SPDR S&P 500 ETF TRSOLE	TR UNIT	808.04K	SH	$452.61M 0.68%	16.23K	840.89K
META PLATFORMS INCSOLE	CL A	629.07K	SH	$447.05M 0.68%	33.81K	655.13K
VISA INCSOLE	COM CL A	1.21M	SH	$425.78M 0.64%	86.84K	1.17M

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