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Commonwealth Financial Services, LLC — 13F Holdings & Portfolio

CIK 1536755 · latest 13F-HR filed 2026-07-15

Backtest portfolio

Commonwealth Financial Services, LLC manages $744.2M in 13F-reported U.S. long-equity assets across 317 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (9.44%), QQQ (5.88%), AGG (5.42%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 68 new positions and exited 29; 146 existing positions rose in reported value and 57 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$744.2M

Long-equity book

Holdings
317

Distinct positions

Period
2026-06-30

Filed 2026-07-15

Q/Q Activity
+68 / −29 / ↑146 / ↓57

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPY9.4% · +22%QQQ5.9% · +13%AGG5.4% · newIVV4.9% · +22%GTO4.3% · newGOVI3.9% · newRDVY3.5% · +85%RWL3.1% · newONEQ2.4% · +20%WCMI2.4% · +54%NVDA1.9% · +2%ICLO1.5% · newSOXX1.2% · -15%QMOM1.2% · -63%SPLV1.2% · newSPYM1.1% · +3%BOXX1.1% · +80%GJAN1.0% · -80%AAPL1.0% · +3%JMEE1.0% · newDJUL1.0% · -4%FRDM0.9% · -68%FIXD0.9% · -80%MSFT0.9% · +26%UXOC0.8% · -14%SGOV0.8% · +185%FALN0.8% · newFLRT0.7% · newAMZN0.7% · +27%EMB0.7% · newILCB0.6% · +5%IMFL0.6% · newJPM0.6% · +37%QQQM0.6% · +14%FTSM0.6% · newDRAM0.6% · newXMMO0.6% · +203%EFA0.6% · -14%SCHC0.6% · newIBDS0.5% · -65%GOOGL0.5% · +1%IYW0.5% · -2%UCON0.5% · -80%IBDT0.5% · -66%IVW0.5% · -1%AVGO0.5% · +2%RPG0.5% · -9%IBDU0.5% · -67%IBDV0.4% · -69%COST0.4% · +72%CSCO0.4% · +62%WMT0.4% · +42%TLH0.4% · -82%DJAN0.4% · -10%MU0.4% · +19%LMBS0.4% · -80%AEP0.4% · +3%XOM0.4% · -3%IBHG0.4% · -69%IBHH0.3% · -71%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 24, 2026.

Assets Under Management
$994.7M
Discretionary
$977.2M
Employees
26
Accounts
5,003
Address
373 TIMBERLINE PARKWAY
VIENNA, WV 26105
Phone
(304) 422-3531
Website
Name Title / Status Ownership Type
JEFFREY, SHANELL ControlCHIEF EXECUTIVE OFFICER, PARTNER
since Dec 2024
5–10%Individual
ROTHCHILD, MATTHEW, DAVID ControlCHIEF COMPLIANCE OFFICER
since Jun 2024
Less than 5%Individual
SEESE, MICHAEL, CHARLES ControlCO-FOUNDER / OWNER, CAO, & FINANCIAL ADVISOR
since Apr 2023
50–75%Individual
SPURGEON, DANIEL, LEE ControlPARTNER, CHIEF INVESTMENT OFFICER, FINANCIAL ADVISOR
since Apr 2023
25–50%Individual
BRAUTIGAN, TYLER, ANDREWSHAREHOLDER, FINANCIAL ADVISOR
since Jan 2026
Less than 5%Individual
Ownership & leadership changes · 4 filings with changes since Feb 17, 2023

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 27, 2026 filing
  • No longer listedKIMPEL, TODD, EDWARD · CO-FOUNDER / OWNER & FINANCIAL ADVISOR · 25–50% · control person · listed since Apr 2023
  • AddedBRAUTIGAN, TYLER, ANDREW · SHAREHOLDER, FINANCIAL ADVISOR · Less than 5%
  • ChangedJEFFREY, SHANELL · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER, PARTNER; ownership Less than 5% → 5–10%
  • ChangedSEESE, MICHAEL, CHARLES · title CO-FOUNDER / OWNER & FINANCIAL ADVISOR → CO-FOUNDER / OWNER, CAO, & FINANCIAL ADVISOR; ownership 25–50% → 50–75%
  • ChangedSPURGEON, DANIEL, LEE · title OWNER & FINANCIAL ADVISOR → PARTNER, CHIEF INVESTMENT OFFICER, FINANCIAL ADVISOR
Mar 4, 2025 filing
  • AddedJEFFREY, SHANELL · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
Jul 3, 2024 filing
  • AddedROTHCHILD, MATTHEW, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedSEESE, MICHAEL, CHARLES · title CO-FOUNDER / OWNER & FINANCIAL ADVISOR / CCO → CO-FOUNDER / OWNER & FINANCIAL ADVISOR
Mar 20, 2023 filing
  • ChangedKIMPEL, TODD, EDWARD · now a control person
  • ChangedSEESE, MICHAEL, CHARLES · now a control person
  • ChangedSPURGEON, DANIEL, LEE · now a control person
Feb 17, 2023 filing (earliest on record)
  • ListedKIMPEL, TODD, EDWARD · CO-FOUNDER / OWNER & FINANCIAL ADVISOR · 25–50%
  • ListedSEESE, MICHAEL, CHARLES · CO-FOUNDER / OWNER & FINANCIAL ADVISOR / CCO · 25–50%
  • ListedSPURGEON, DANIEL, LEE · OWNER & FINANCIAL ADVISOR · 25–50%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Commonwealth Financial Services, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $70.2M 9.44% 94,048 SH
2 INVESCO QQQ TR QQQ 46090E103 $43.8M 5.88% 59,472 SH
3 ISHARES TR AGG 464287226 $40.3M 5.42% 407,606 SH
4 ISHARES TR IVV 464287200 $36.8M 4.95% 49,171 SH
5 INVESCO ACTIVELY MANAGED EXC GTO 46090A804 $31.7M 4.25% 675,575 SH
6 INVESCO EXCH TRADED FD TR II GOVI 46138E107 $28.8M 3.87% 1,060,517 SH
7 FIRST TR EXCHANGE TRADED FD RDVY 33738R506 $26.3M 3.53% 324,066 SH
8 INVESCO EXCH TRADED FD TR II RWL 46138G698 $23.4M 3.15% 183,408 SH
9 FIDELITY COMWLTH TR ONEQ 315912808 $18.1M 2.43% 175,131 SH
10 FIRST TR EXCHANGE-TRADED FD WCMI 33733E732 $17.8M 2.40% 911,280 SH
11 NVIDIA CORPORATION NVDA 67066G104 $14.3M 1.93% 71,605 SH
12 INVESCO ACTIVELY MANAGED EXC ICLO 46090A721 $11.5M 1.55% 450,516 SH
13 ISHARES TR SOXX 464287523 $8.9M 1.20% 13,895 SH
14 EA SERIES TRUST QMOM 02072L409 $8.8M 1.19% 112,150 SH
15 INVESCO EXCH TRADED FD TR II SPLV 46138E354 $8.8M 1.18% 117,275 SH
16 SPDR SERIES TRUST SPYM 78464A854 $8.2M 1.11% 93,698 SH
17 EA SERIES TRUST BOXX 02072L565 $7.8M 1.05% 66,708 SH
18 FIRST TR EXCHNG TRADED FD VI GJAN 33740F516 $7.8M 1.05% 173,392 SH
19 APPLE INC AAPL 037833100 $7.5M 1.00% 25,797 SH
20 J P MORGAN EXCHANGE TRADED F JMEE 46641Q118 $7.4M 1.00% 95,365 SH
21 FIRST TR EXCHNG TRADED FD VI DJUL 33740F698 $7.3M 0.97% 144,633 SH
22 EA SERIES TRUST FRDM 02072L607 $6.8M 0.92% 93,657 SH
23 FIRST TR EXCHNG TRADED FD VI FIXD 33740F805 $6.7M 0.90% 153,627 SH
24 MICROSOFT CORP MSFT 594918104 $6.4M 0.86% 20,595 SH
25 FIRST TR EXCHNG TRADED FD VI UXOC 33740F144 $6.3M 0.84% 160,163 SH
26 ISHARES TR SGOV 46436E718 $6.3M 0.84% 62,122 SH
27 ISHARES TR FALN 46435G474 $6.2M 0.83% 227,881 SH
28 PACER FDS TR FLRT 69374H428 $5.3M 0.71% 113,890 SH
29 AMAZON COM INC AMZN 023135106 $5.0M 0.68% 25,320 SH
30 ISHARES TR EMB 464288281 $5.0M 0.67% 51,496 SH
31 ISHARES TR ILCB 464287127 $4.8M 0.64% 46,297 SH
32 INVESCO EXCH TRD SLF IDX FD IMFL 46138J437 $4.7M 0.63% 136,756 SH
33 JPMORGAN CHASE & CO JPM 46625H100 $4.7M 0.63% 19,171 SH
34 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $4.6M 0.62% 15,226 SH
35 FIRST TR EXCHANGE-TRADED FD FTSM 33739Q408 $4.5M 0.60% 74,885 SH
36 ROUNDHILL ETF TRUST DRAM 77926X320 $4.3M 0.57% 57,684 SH
37 INVESCO EXCHANGE TRADED FD T XMMO 46137V464 $4.2M 0.56% 24,651 SH
38 ISHARES TR EFA 464287465 $4.2M 0.56% 40,131 SH
39 SCHWAB STRATEGIC TR SCHC 808524888 $4.2M 0.56% 86,560 SH
40 ISHARES TR IBDS 46435UAA9 $4.0M 0.54% 164,714 SH
41 ALPHABET INC GOOGL 02079K305 $3.9M 0.52% 10,867 SH
42 ISHARES TR IYW 464287721 $3.8M 0.52% 15,205 SH
43 FIRST TR EXCHNG TRADED FD VI UCON 33740F888 $3.8M 0.51% 153,000 SH
44 ISHARES TR IBDT 46435U515 $3.7M 0.50% 145,970 SH
45 ISHARES TR IVW 464287309 $3.6M 0.49% 26,503 SH
46 BROADCOM INC AVGO 11135F101 $3.5M 0.47% 9,314 SH
47 INVESCO EXCHANGE TRADED FD T RPG 46137V266 $3.5M 0.47% 55,008 SH
48 ISHARES TR IBDU 46436E205 $3.5M 0.47% 151,299 SH
49 ISHARES TR IBDV 46436E726 $3.1M 0.42% 144,242 SH
50 COSTCO WHOLESALE CORPORATION COST 22160K105 $3.0M 0.41% 5,264 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-15 $744.2M 317 0001536755-26-000007
2026-03-31 2026-05-07 $631.7M 278 0001536755-26-000005
2025-12-31 2026-02-06 $606.3M 236 0001536755-26-000003
Filer Information
Address
373 TIMBERLINE PARKWAY
VIENNA, WV 26105
Phone
(304) 422-3531
Filing Manager
Commonwealth Financial Services, LLC
VIENNA, WV
Signatory
Michael Seese
Co-Founder / Owner / Financial Advisor