STEPHENS INC /AR/

LITTLE ROCK, AR · CIK 757657 · 13F filing filed 2026-07-29

SEC-registered investment adviser since 1980 · corporation

Assets managed$18.0bn
Staff611 · 247 in investment roles
Main clients (by assets)High net worth individuals 56%, Individuals 23%, Companies 3%
Form ADV · 2026-09-30SEC adviser record

Legal entitySTEPHENS INC. (US)

$8.9bn reported value +11.7% vs Q1 2026

1,332positions

19.9%in top 10

98 new 556 added 526 reduced 77 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	659,346	$244.0m2.73%	2.73%	Added +2.2k	+2,162 0.3%
2	APPLE INC COM AAPL	AAPL	833,376	$242.1m2.71%	2.71%	Added +16.7k	+16,651 2.0%
3	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	267,335	$196.9m2.21%	2.21%	Added +4.4k	+4,410 1.7%
4	WALMART INC COM WMT	WMT	1,587,838	$180.3m2.02%	2.02%	Added +47.8k	+47,796 3.1%
5	NVIDIA CORPORATION COM NVDA	NVDA	824,241	$165.3m1.85%	1.85%	Added +13.8k	+13,803 1.7%
6	AMAZON COM INC COM AMZN	AMZN	686,863	$164.3m1.84%	1.84%	Added +34.4k	+34,398 5.3%
7	BROADCOM INC COM AVGO	AVGO	398,533	$150.8m1.69%	1.69%	Reduced -12.8k	-12,789 -3.1%
8	MICROSOFT CORP COM MSFT	MSFT	390,296	$145.8m1.63%	1.63%	Added +8.0k	+7,956 2.1%
9	ISHARES TR RUS 1000 VAL ETF IWD	IWD	593,962	$144.0m1.61%	1.61%	Added +11.0k	+10,978 1.9%
10	JPMORGAN CHASE & CO COM JPM	JPM	438,978	$144.0m1.61%	1.61%	Added +14.9k	+14,908 3.5%
11	ISHARES TR RUS 1000 GRW ETF IWF	IWF	1,064,094	$132.2m1.48%	1.48%	Added +16.2k	+16,202 1.6%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	351,331	$125.7m1.41%	1.41%	Added +9.0k	+9,037 2.6%
13	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	167,417	$125.0m1.40%	1.40%	Added +863	+863 0.5%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	320,623	$113.4m1.27%	1.27%	Added +11.0k	+11,038 3.6%
15	ISHARES TR RUS MDCP VAL ETF IWS	IWS	669,651	$110.2m1.24%	1.24%	Reduced -14.0k	-13,974 -2.0%
16	VANGUARD INDEX FDS VALUE ETF VTV	VTV	423,860	$92.4m1.03%	1.03%	Added +5.8k	+5,760 1.4%
17	GOLDMAN SACHS GROUP INC COM GS	GS	85,346	$86.4m0.97%	0.97%	Added +4.0k	+4,024 5.0%
18	ISHARES TR GLOBAL 100 ETF IOO	IOO	604,847	$82.6m0.93%	0.93%	Added +76.6k	+76,649 14.5%
19	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	113,290	$77.8m0.87%	0.87%	Added +2.0k	+2,026 1.8%
20	ISHARES TR RUSSELL 3000 ETF IWV	IWV	177,801	$75.8m0.85%	0.85%	Added +13.6k	+13,640 8.3%
21	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	875,866	$75.4m0.85%	0.85%	Added +4.3k	+4,264 0.5%
22	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	302,916	$73.6m0.82%	0.82%	Added +29.2k	+29,183 10.7%
23	ISHARES TR RUS MD CP GR ETF IWP	IWP	485,385	$71.1m0.80%	0.80%	Reduced -38.0k	-37,976 -7.3%
24	KURA SUSHI USA INC CL A COM KRUS	KRUS	1,102,847	$63.5m0.71%	0.71%	Reduced -4.4k	-4,416 -0.4%
25	CATERPILLAR INC COM CAT	CAT	56,857	$60.5m0.68%	0.68%	Added +551	+551 1.0%
26	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	1,868,823	$59.3m0.66%	0.66%	Added +61.1k	+61,061 3.4%
27	META PLATFORMS INC CL A META	META	102,378	$57.8m0.65%	0.65%	Added +1.2k	+1,227 1.2%
28	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	437,676	$55.9m0.63%	0.63%	Reduced -3.8k	-3,796 -0.9%
29	CISCO SYS INC COM CSCO	CSCO	469,615	$55.2m0.62%	0.62%	Reduced -14.0k	-14,021 -2.9%
30	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	102,905	$53.8m0.60%	0.60%	Added +8.3k	+8,290 8.8%
31	JOHNSON & JOHNSON COM JNJ	JNJ	210,285	$53.6m0.60%	0.60%	Added +36.0k	+35,987 20.6%
32	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	683,912	$52.5m0.59%	0.59%	Added +74.3k	+74,321 12.2%
33	ALPS ETF TR ALERIAN MLP AMLP	AMLP	1,010,491	$52.4m0.59%	0.59%	Added +96	+96 0.0%
34	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	140,559	$51.4m0.58%	0.58%	Added +7.3k	+7,294 5.5%
35	ISHARES TR RUS MID CAP ETF IWR	IWR	436,558	$48.2m0.54%	0.54%	Added +17.4k	+17,427 4.2%
36	VANGUARD INDEX FDS MID CAP ETF VO	VO	587,191	$47.3m0.53%	0.53%	Reduced -5.1k	-5,149 -0.9%
37	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	583,585	$46.1m0.52%	0.52%	Added +3.7k	+3,691 0.6%
38	MASTERCARD INCORPORATED CL A MA	MA	88,511	$45.5m0.51%	0.51%	Reduced -3.1k	-3,069 -3.4%
39	ELI LILLY & CO COM LLY	LLY	37,094	$44.7m0.50%	0.50%	Added +181	+181 0.5%
40	ISHARES TR RUSSELL 2000 ETF IWM	IWM	148,311	$44.6m0.50%	0.50%	Added +27.6k	+27,616 22.9%
41	DUKE ENERGY CORP NEW COM NEW DUK	DUK	345,986	$43.9m0.49%	0.49%	Added +302	+302 0.1%
42	CHEVRON CORP NEW COM CVX	CVX	260,627	$43.3m0.49%	0.49%	Reduced -7.4k	-7,409 -2.8%
43	AMPHENOL CORP CL A APH	APH	244,235	$43.1m0.48%	0.48%	Reduced -2.1k	-2,149 -0.9%
44	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	423,052	$42.6m0.48%	0.48%	Reduced -37.1k	-37,075 -8.1%
45	EXXON MOBIL CORP COM XOM	XOM	311,060	$42.5m0.48%	0.48%	Reduced -836	-836 -0.3%
46	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	826,961	$41.8m0.47%	0.47%	Reduced -2.3k	-2,261 -0.3%
47	FIRST TR EXCHANGE-TRADED FD CORE INVESTMENT FTCB	FTCB	2,004,030	$41.8m0.47%	0.47%	Added +4.5k	+4,500 0.2%
48	VISA INC COM CL A V	V	119,952	$41.4m0.46%	0.46%	Reduced -2.2k	-2,199 -1.8%
49	INVESCO EXCH TRADED FD TR II VAR RATE PFD VRP	VRP	1,641,083	$39.9m0.45%	0.45%	Added +162.3k	+162,286 11.0%
50	ISHARES TR 1 3 YR TREAS BD SHY	SHY	484,807	$39.8m0.45%	0.45%	Reduced -18.9k	-18,889 -3.8%
51	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	77,294	$38.7m0.43%	0.43%	Added +5.1k	+5,071 7.0%
52	VANECK ETF TRUST MRNGSTR WDE MOAT MOAT	MOAT	361,144	$37.5m0.42%	0.42%	Reduced -2.4k	-2,401 -0.7%
53	ISHARES TR RUS 1000 ETF IWB	IWB	91,196	$37.3m0.42%	0.42%	Added +4.5k	+4,514 5.2%
54	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	510,238	$36.4m0.41%	0.41%	Reduced -1.3k	-1,262 -0.2%
55	BLACKSTONE INC COM BX	BX	303,289	$35.7m0.40%	0.40%	Added +11.5k	+11,527 4.0%
56	MERCK & CO INC COM MRK	MRK	272,973	$35.5m0.40%	0.40%	Added +67	+67 0.0%
57	ABBVIE INC COM ABBV	ABBV	139,208	$35.1m0.39%	0.39%	Reduced -2.8k	-2,813 -2.0%
58	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	614,920	$34.7m0.39%	0.39%	Added +6.8k	+6,821 1.1%
59	AMGEN INC COM AMGN	AMGN	93,841	$34.4m0.39%	0.39%	Reduced -20.7k	-20,703 -18.1%
60	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	559,865	$32.6m0.37%	0.37%	Added +44.4k	+44,401 8.6%
61	NEWMONT CORP COM NEM	NEM	341,160	$31.9m0.36%	0.36%	Added +16.8k	+16,784 5.2%
62	HUNT J B TRANS SVCS INC COM JBHT	JBHT	108,394	$31.4m0.35%	0.35%	Reduced -1.5k	-1,547 -1.4%
63	MARTIN MARIETTA MATLS INC COM MLM	MLM	53,993	$31.1m0.35%	0.35%	Reduced -2.1k	-2,118 -3.8%
64	VANGUARD INDEX FDS SMALL CP ETF VB	VB	100,816	$30.6m0.34%	0.34%	Added +133	+133 0.1%
65	ISHARES TR MSCI EAFE ETF EFA	EFA	283,139	$29.4m0.33%	0.33%	Added +11.9k	+11,930 4.4%
66	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	60,937	$29.4m0.33%	0.33%	Added +5.9k	+5,902 10.7%
67	PALO ALTO NETWORKS INC COM PANW	PANW	85,818	$29.3m0.33%	0.33%	Added +1.3k	+1,332 1.6%
68	GE AEROSPACE COM NEW GE	GE	77,586	$29.0m0.32%	0.32%	Added +8.2k	+8,232 11.9%
69	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	546,640	$28.6m0.32%	0.32%	Reduced -19.1k	-19,097 -3.4%
70	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	1,479,489	$28.3m0.32%	0.32%	Added +99.1k	+99,052 7.2%
71	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	238,173	$27.8m0.31%	0.31%	Reduced -26.5k	-26,522 -10.0%
72	BANK AMERICA CORP COM BAC	BAC	479,328	$27.3m0.31%	0.31%	Added +3.4k	+3,387 0.7%
73	FIRST TR MORNINGSTAR DIVID L SHS FDL	FDL	553,057	$26.9m0.30%	0.30%	Added +10.3k	+10,333 1.9%
74	PEPSICO INC COM PEP	PEP	195,603	$26.6m0.30%	0.30%	Added +22.3k	+22,299 12.9%
75	QUALCOMM INC COM QCOM	QCOM	140,435	$26.2m0.29%	0.29%	Reduced -10.4k	-10,422 -6.9%
76	VANGUARD INDEX FDS MCAP VL IDXVIP VOE	VOE	132,161	$26.1m0.29%	0.29%	Added +3.1k	+3,068 2.4%
77	EATON CORP PLC SHS ETN	ETN	59,756	$25.6m0.29%	0.29%	Added +1.3k	+1,286 2.2%
78	WASTE MGMT INC DEL COM WM	WM	114,842	$25.6m0.29%	0.29%	Reduced -754	-754 -0.7%
79	APOLLO GLOBAL MGMT INC COM APO	APO	215,221	$25.5m0.29%	0.29%	Added +18.0k	+18,021 9.1%
80	LOWES COS INC COM LOW	LOW	113,803	$25.1m0.28%	0.28%	Added +3.3k	+3,269 3.0%
81	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	105,682	$25.0m0.28%	0.28%	Reduced -5.5k	-5,468 -4.9%
82	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	198,515	$24.8m0.28%	0.28%	Added +70	+70 0.0%
83	HOME DEPOT INC COM HD	HD	69,873	$24.7m0.28%	0.28%	Added +6.2k	+6,195 9.7%
84	COCA COLA CO COM KO	KO	299,964	$24.7m0.28%	0.28%	Added +7.5k	+7,475 2.6%
85	APPLIED MATLS INC COM AMAT	AMAT	33,829	$24.6m0.28%	0.28%	Reduced -677	-677 -2.0%
86	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	645,519	$23.7m0.27%	0.27%	Added +13.0k	+12,975 2.0%
87	ISHARES TR CRE U S REIT ETF USRT	USRT	356,379	$23.7m0.27%	0.27%	Reduced -9.3k	-9,256 -2.5%
88	TESLA INC COM TSLA	TSLA	53,706	$23.4m0.26%	0.26%	Added +2.6k	+2,583 5.0%
89	NXP SEMICONDUCTORS N V COM NXPI	NXPI	81,687	$23.1m0.26%	0.26%	Added +816	+816 1.0%
90	MASTEC INC COM MTZ	MTZ	55,460	$23.1m0.26%	0.26%	Added +2.0k	+1,988 3.7%
91	MCDONALDS CORP COM MCD	MCD	85,155	$23.0m0.26%	0.26%	Added +12.7k	+12,717 17.6%
92	CAPITAL GROUP GROWTH ETF SHS CREATION UNI CGGR	CGGR	486,484	$23.0m0.26%	0.26%	Added +45.4k	+45,406 10.3%
93	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	102,338	$22.5m0.25%	0.25%	Reduced -246	-246 -0.2%
94	J P MORGAN EXCHANGE TRADED F CORE PLUS BD ETF JCPB	JCPB	471,767	$22.1m0.25%	0.25%	Added +7.4k	+7,418 1.6%
95	ISHARES TR CORE US AGGBD ET AGG	AGG	223,499	$22.1m0.25%	0.25%	Added +2.3k	+2,272 1.0%
96	ARES CAPITAL CORP COM ARCC	ARCC	1,186,676	$22.0m0.25%	0.25%	Added +2.9k	+2,881 0.2%
97	LOCKHEED MARTIN CORP COM LMT	LMT	42,868	$21.9m0.25%	0.25%	Added +4.4k	+4,384 11.4%
98	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	100,823	$21.5m0.24%	0.24%	Reduced -17.9k	-17,888 -15.1%
99	ISHARES GOLD TR ISHARES NEW IAU	IAU	281,519	$21.3m0.24%	0.24%	Added +7.7k	+7,684 2.8%
100	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	250,969	$21.0m0.24%	0.24%	Reduced -3.4k	-3,371 -1.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		15,849	$7.2m15.8k shares
ANGLOGOLD ASHANTI PLC AU	AU	41,098	$4.0m41.1k shares
GENPACT LIMITED G	G	82,498	$3.1m82.5k shares
COTERRA ENERGY INC CTRA	CTRA	26,786	$974.1k26.8k shares
FASTLY INC FSLY	FSLY	33,269	$966.8k33.3k shares
DUPONT DE NEMOURS INC DWDP	DWDP	6,574	$903.2k6.6k shares
FIRST TR EXCHANGE TRAD FD VI FTGC	FTGC	29,296	$841.1k29.3k shares
POWER SOLUTIONS INTL INC PSIX	PSIX	12,000	$730.6k12.0k shares
FIRST FNDTN INC FFWM	FFWM	120,000	$708.0k120.0k shares
COHEN & STEERS QUALITY INCOM RQI	RQI	44,192	$532.5k44.2k shares
COMMERCIAL METALS CO CMC	CMC	8,490	$521.5k8.5k shares
GOLDMAN SACHS ETF TR		10,000	$473.9k10.0k shares
INVESCO EXCH TRADED FD TR II PZA	PZA	19,034	$437.4k19.0k shares
STRATEGIC ED INC STRA	STRA	5,239	$434.6k5.2k shares
ANTERO RESOURCES CORP AR	AR	10,213	$433.4k10.2k shares
KKR REAL ESTATE FIN TR INC KREF	KREF	64,411	$394.2k64.4k shares
SPDR SER TR SJNK	SJNK	15,398	$384.6k15.4k shares
EASTMAN CHEM CO EMN	EMN	4,847	$369.9k4.8k shares
CHART INDS INC GTLS	GTLS	1,691	$349.6k1.7k shares
VANECK ETF TRUST MLN	MLN	19,561	$341.1k19.6k shares
PRIMERICA INC PRI	PRI	1,345	$336.8k1.3k shares
INVESCO EXCH TRADED FD TR II BAB	BAB	11,977	$322.9k12.0k shares
PAPA JOHNS INTL INC PZZA	PZZA	9,697	$314.3k9.7k shares
VANECK ETF TRUST ITM	ITM	6,509	$302.2k6.5k shares
CARMAX INC KMX	KMX	7,183	$298.7k7.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
KURA SUSHI USA INC KRUS · 13G · filed 2026-08-13	KRUS	9.9%≈ $63.5m	-0.8 pts	13G	2026-08-13