Hughes Financial Services, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Hughes Financial Services, LLC reported 1,056 stock positions worth $511.2 million. Its top holding was SS SPDR P S&P 1500 Comp ETF (SPTM) at 19.8% of the portfolio, followed by JPMorgan Core Plus Bond ETF (JCPB, 12.0%) and JPMorgan Int Res Enh Eqty (JIRE, 9.1%). Compared with Q4 2024, it opened 992 new positions, sold out of 1, added to 34 and reduced 27. The biggest buy was Vanguard SH Term Tax-Ex Bond (VTES, shares +348%) and the biggest sale SS SPDR P S&P 1500 Comp ETF (SPTM, shares −1%).

Most Recent 13F
Q2 2026
Location
HERNDON, VA
CIK
0002054465
Portfolio Value
$511.2M (Q1 2025)
SEC Filing
0002054465-25-000002 ↗ filed May 1, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q4 2024: $486.7M Q4 2024 Q1 2025: $511.2M $511.2M Q1 2025 Q2 2025: $582.1M Q2 2025 Q3 2025: $628.6M Q3 2025 Q4 2025: $636.7M Q4 2025 Q1 2026: $650.9M Q1 2026 Q2 2026: $754.5M Q2 2026

Holdings 1,056 stocks · $511.2M
SPTM SS SPDR P S&P 1500 Comp ETF 19.77% 1,481,754 $101.1M Reduce -0.9%
JCPB JPMorgan Core Plus Bond ETF 11.96% 1,301,631 $61.1M Add +6.9%
JIRE JPMorgan Int Res Enh Eqty 9.15% 733,283 $46.8M Add +4.6%
EMXC iShares MSCI Emr MRK Ex Chna 7.32% 676,018 $37.4M Add +3.2%
QUAL iShares MSCI USA Quality Fac 6.47% 193,023 $33.1M Add +1.6%
GINN Goldman Sachs Innovate Eqty 6.26% 542,532 $32.0M Add +0.7%
SPSM SS SPDR P S&P 600 Small Cap 4.82% 602,705 $24.6M Reduce -1.4%
FITE SS SPDR S&P Kensho FS ETF 3.96% 321,328 $20.3M Reduce -0.3%
SPIP SS SPDR P Tips ETF 3.05% 594,581 $15.6M Add +4.3%
SHY iShares 1-3 Year Treasury Bo 2.48% 153,940 $12.7M Reduce -26.6%
DFUS Dimensional US Eq MKT ETF 1.95% 163,864 $10.0M Reduce -0.2%
PHYL Pgim Active High Yield Bond 1.53% 225,612 $7.8M Add +4.1%
TLH iShares 10-20 Year Treasury 1.44% 70,801 $7.4M Add +3.4%
QUS SS SPDR MSCI U Stratfact ETF 1.39% 45,417 $7.1M Reduce -3.5%
VTES Vanguard SH Term Tax-Ex Bond 1.35% 68,801 $6.9M Add +347.9%
VEU Vanguard Ftse All-World Ex-U 1.28% 107,716 $6.6M Reduce -1.3%
HELO JPMorgan Hedged Equity ETF 1.28% 109,107 $6.5M Add +93.5%
VEA Vanguard Ftse Developed ETF 1.15% 115,283 $5.9M Reduce -0.9%
SPDW Ste STR SPDR PT DW Eu ETF 1.04% 145,721 $5.3M Reduce -1.2%
FMHI First Trust Municipal High I 0.91% 96,535 $4.6M Reduce -0.5%
VIG Vanguard Dividend Apprec ETF 0.83% 21,908 $4.2M Reduce -2.5%
IVV iShares Core S&P 500 ETF 0.61% 5,557 $3.1M Add +1.8%
TIP iShares Tips Bond ETF 0.47% 21,906 $2.4M Add +0.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.47% 4,249 $2.4M Reduce -11.6%
JMUB JPMorgan Municipal ETF 0.44% 44,592 $2.2M Add +23.2%
IBTG iShares Ibonds Dec 2026 Term 0.43% 95,159 $2.2M Add +4.1%
IBTH iShares Ibonds Dec 2027 Term 0.41% 93,513 $2.1M Add +5.0%
IBTI iShares Ibonds Dec 2028 Term 0.40% 91,410 $2.0M New
VB Vanguard Most SM-Cap ETF-Usd 0.33% 7,683 $1.7M Reduce -2.6%
KOMP SS SPDR S&P Kensho Ne Comp 0.33% 36,000 $1.7M Reduce -10.7%
SPYM Ste STR SPDR PT S&P 500 ETF 0.32% 24,551 $1.6M New
KNSL Kinsale Capital Group Inc. 0.30% 3,159 $1.5M Add +2.0%
AAPL Apple Inc. 0.29% 6,581 $1.5M Reduce -4.7%
VWO Vanguard Ftse Emerging Marke 0.28% 31,959 $1.5M Reduce -1.3%
IJR iShares Core S&P Small-Cap E 0.19% 9,422 $987K Add +383.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.19% 2,578 $965K Reduce -4.6%
IBTF iShares Ibonds Dec 2025 Term 0.18% 40,134 $935K Add +19.5%
SPEM State Street SP PTF Em ETF 0.17% 21,631 $855K Add +6.1%
ESGU iShares ESG Aware MSCI USA 0.17% 6,926 $848K Reduce -5.7%
MSFT Microsoft Corp. 0.15% 2,049 $783K Add +9.7%
JPM JPMorgan Chase & Co. 0.14% 3,003 $732K Add +1.2%
XOM Exxon Mobil Corp. 0.13% 5,437 $647K Add +29.6%
KO The Coca-Cola Co. 0.09% 6,547 $471K Add +2.7%
D Dominion Energy Inc. 0.09% 8,262 $465K Add +0.3%
FULT Fulton Financial Corp. 0.09% 25,247 $450K No change
SPGM State Street SPDR Portfolio 0.08% 6,636 $416K Add +13.9%
MCD McDonald's Corp. 0.07% 1,167 $366K Add +0.8%
HD Home Depot Inc. 0.07% 985 $360K Reduce -0.3%
NVDA Nvidia Corp. 0.07% 3,267 $360K Reduce -6.5%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.07% 1,137 $354K New
ESGD iShares Trust iShares ESG Aw 0.06% 3,837 $314K Reduce -4.6%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 569 $303K Add +4.4%
WMT Walmart Inc. 0.06% 3,207 $285K Add +2.4%
AMZN Amazon.com Inc. 0.05% 1,449 $278K Reduce -2.8%
IYR iShares US Real Estate ETF 0.05% 2,714 $260K Reduce -1.6%
LLY Eli Lilly & Co. 0.05% 323 $260K Add +12.2%
TMO Thermo Fisher Scientific Inc. 0.05% 536 $259K Reduce -0.4%
COST Costco Wholesale Corp. 0.05% 264 $252K Add +1.9%
PG The Procter & Gamble Co. 0.04% 1,348 $230K Add +2.0%
PEP Pepsico Inc. 0.04% 1,488 $223K Add +0.5%
VZ Verizon Communications Inc. 0.04% 4,847 $220K New
ESGE iShares Inc. iShares ESG Awar 0.04% 6,240 $219K Reduce -5.8%
GE General Electric filed as GE AEROSPACE 0.04% 1,048 $214K New
CVX Chevron Corp. 0.04% 1,267 $214K New
DUK Duke Energy Corp. 0.04% 1,742 $211K New
CRM Salesforce Inc. 0.04% 759 $205K Add +0.3%
YUM Yum! Brands Inc. 0.04% 1,282 $204K New
NVR NVR Inc. 0.04% 28 $202K No change
LGLV SPDR US LC Low Vol Idx 0.04% 1,155 $201K New
VXF Vanguard Extended Market ETF 0.04% 1,152 $200K Reduce -3.4%
GOOG Alphabet Inc. Class C 0.04% 1,180 $187K No change
ORCL Oracle Corp. 0.04% 1,318 $187K New
PNC PNC Financial Services Group 0.04% 1,046 $183K Add +0.3%
IBMP iShares Ibonds Dec 2027 Term 0.04% 7,141 $180K New
T AT&T Inc. 0.03% 6,206 $177K New
QQQ Invesco QQQ Trust Series 1 0.03% 367 $173K New
SCHD Schwab US DVD Equity ETF 0.03% 5,794 $161K Reduce -30.2%
IBMO iShares Ibonds Dec 2026 Term 0.03% 6,292 $161K New
AVGO Broadcom Inc. 0.03% 936 $158K New
LMT Lockheed Martin Corp. 0.03% 335 $150K New
IBMQ iShares Ibonds Dec 2028 Muni 0.03% 5,930 $150K New
GOOGL Alphabet Inc. Class A 0.03% 940 $148K New
MAR Marriott International Class A 0.03% 609 $145K New
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 833 $144K New
META Meta Platforms Inc. Class A 0.03% 240 $141K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 3,251 $135K New
TSLA Tesla Inc. 0.02% 473 $127K New
AUB Atlantic Union Bankshares Co. 0.02% 4,185 $127K New
IJH iShares Core S&P Midcap ETF 0.02% 2,157 $127K New
LDOS Leidos Holdings Inc. 0.02% 906 $122K New
SRE Sempra 0.02% 1,699 $122K New
SPLV Invesco S&P 500 Low Volatili 0.02% 1,624 $121K New
BMY Bristol-Myers Squibb Co. 0.02% 1,988 $118K New
IWB iShares Russell 1000 ETF 0.02% 383 $118K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.02% 476 $117K New
PPL PPL Corp. 0.02% 3,233 $117K New
ES Eversource Energy 0.02% 1,862 $116K New
ABBV Abbvie Inc. 0.02% 556 $115K New
CSCO Cisco Systems Inc. 0.02% 1,810 $112K New
PLTR Palantir Technologies Inc. Class A 0.02% 1,311 $111K New

Show all 1,056 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $10K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 7$8KNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 50$1KNew
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 5$63New

Total filed on the 13F, all lines: $511.2M.

Portfolio Sells Q4 2024 → Q1 2025
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -0.9% 19.77% −2.17
SHY iShares 1-3 Year Treasury Bo Reduce -26.6% 2.48% −1.05
SPSM SS SPDR P S&P 600 Small Cap Reduce -1.4% 4.82% −0.82
FITE SS SPDR S&P Kensho FS ETF Reduce -0.3% 3.96% −0.47
DFUS Dimensional US Eq MKT ETF Reduce -0.2% 1.95% −0.20
SPY SS SPDR S&P 500 ETF Trust-US Reduce -11.6% 0.47% −0.11
QUS SS SPDR MSCI U Stratfact ETF Reduce -3.5% 1.39% −0.11
KOMP SS SPDR S&P Kensho Ne Comp Reduce -10.7% 0.33% −0.09
VIG Vanguard Dividend Apprec ETF Reduce -2.5% 0.83% −0.07
AAPL Apple Inc. Reduce -4.7% 0.29% −0.07
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.6% 0.33% −0.06
FMHI First Trust Municipal High I Reduce -0.5% 0.91% −0.06
VUG Vanguard Mrngstar GR ETF-Sui Reduce -4.6% 0.19% −0.04
ESGU iShares ESG Aware MSCI USA Reduce -5.7% 0.17% −0.03
FVCB Fvcbankcorp Inc. Sold out 0.00% −0.03
NVDA Nvidia Corp. Reduce -6.5% 0.07% −0.03
SCHD Schwab US DVD Equity ETF Reduce -30.2% 0.03% −0.01
AMZN Amazon.com Inc. Reduce -2.8% 0.05% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -1.3% 0.28% −0.01
HD Home Depot Inc. Reduce -0.3% 0.07% −0.01
VXF Vanguard Extended Market ETF Reduce -3.4% 0.04% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -0.4% 0.05% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -1.3% 1.28% −0.01
ESGE iShares Inc. iShares ESG Awar Reduce -5.8% 0.04% −0.00
IYR iShares US Real Estate ETF Reduce -1.6% 0.05% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -4.6% 0.06% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -1.2% 1.04% +0.01
VEA Vanguard Ftse Developed ETF Reduce -0.9% 1.15% +0.01

Portfolio Buys Q4 2024 → Q1 2025
VTES Vanguard SH Term Tax-Ex Bond Add +347.9% 1.35% +1.04
JIRE JPMorgan Int Res Enh Eqty Add +4.6% 9.15% +0.72
HELO JPMorgan Hedged Equity ETF Add +93.5% 1.28% +0.56
JCPB JPMorgan Core Plus Bond ETF Add +6.9% 11.96% +0.44
IBTI iShares Ibonds Dec 2028 Term New 0.40% +0.40
SPYM Ste STR SPDR PT S&P 500 ETF New 0.32% +0.32
IJR iShares Core S&P Small-Cap E Add +383.7% 0.19% +0.15
SPIP SS SPDR P Tips ETF Add +4.3% 3.05% +0.08
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.07% +0.07
JMUB JPMorgan Municipal ETF Add +23.2% 0.44% +0.06
VZ Verizon Communications Inc. New 0.04% +0.04
CVX Chevron Corp. New 0.04% +0.04
GE General Electric New 0.04% +0.04
DUK Duke Energy Corp. New 0.04% +0.04
TLH iShares 10-20 Year Treasury Add +3.4% 1.44% +0.04
YUM Yum! Brands Inc. New 0.04% +0.04
LGLV SPDR US LC Low Vol Idx New 0.04% +0.04
ORCL Oracle Corp. New 0.04% +0.04
IBMP iShares Ibonds Dec 2027 Term New 0.04% +0.04
T AT&T Inc. New 0.03% +0.03
XOM Exxon Mobil Corp. Add +29.6% 0.13% +0.03
QQQ Invesco QQQ Trust Series 1 New 0.03% +0.03
IBMO iShares Ibonds Dec 2026 Term New 0.03% +0.03
AVGO Broadcom Inc. New 0.03% +0.03
LMT Lockheed Martin Corp. New 0.03% +0.03
IBMQ iShares Ibonds Dec 2028 Muni New 0.03% +0.03
GOOGL Alphabet Inc. Class A New 0.03% +0.03
MAR Marriott International Class A New 0.03% +0.03
VTV Vanguard Mrngstr Val ETF-Aui New 0.03% +0.03
META Meta Platforms Inc. Class A New 0.03% +0.03
BAC Bank of America Corp. New 0.03% +0.03
AUB Atlantic Union Bankshares Co. New 0.02% +0.02
IJH iShares Core S&P Midcap ETF New 0.02% +0.02
TSLA Tesla Inc. New 0.02% +0.02
LDOS Leidos Holdings Inc. New 0.02% +0.02
SRE Sempra New 0.02% +0.02
SPLV Invesco S&P 500 Low Volatili New 0.02% +0.02
BMY Bristol-Myers Squibb Co. New 0.02% +0.02
IWB iShares Russell 1000 ETF New 0.02% +0.02
VOT Vngrd Mrngstr MC GRW ETF-Usd New 0.02% +0.02
PPL PPL Corp. New 0.02% +0.02
ES Eversource Energy New 0.02% +0.02
ABBV Abbvie Inc. New 0.02% +0.02
IBTF iShares Ibonds Dec 2025 Term Add +19.5% 0.18% +0.02
CSCO Cisco Systems Inc. New 0.02% +0.02
PLTR Palantir Technologies Inc. Class A New 0.02% +0.02
AEP American Electric Power New 0.02% +0.02
CWB SS SPDR BB Conv Sec ETF New 0.02% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.02% +0.02
JNJ Johnson & Johnson New 0.02% +0.02

Notes & Other Activity Q4 2024 → Q1 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A New 7 $8K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 50 $1K
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 New 5 $63
EPC Edgewell Personal Care Co. COM New 0 $0
FTGC First Trust Global Tactical FST TR GLB FD New 0 $0
PDBC Invesco Optimum Yield Divers OPTIMUM YIELD New 0 $0
ITOT iShares Core S&P Total U.S. CORE S&P TTL STK New 0 $0
IVW iShares S&P 500 Growth ETF S&P 500 GRWT ETF New 0 $0
IVE iShares S&P 500 Value ETF S&P 500 VAL ETF New 0 $0
EMB iShares JP Morgan Usd Emergi JPMORGAN USD EMG New 0 $0
IUSB Ishr CR Unvrse Usd BD ETF-Ui CORE UNIVRSL USD New 0 $0
USHY iShares Broad Usd High Yield BROAD USD HIGH New 0 $0
OMEX Odyssey Marine Exploration COM NEW New 0 $0
SASR Sandy Spring Bancorp Inc. COM New 0 $0
VTWO Vanguard Russell 2000 ETF VNG RUS2000IDX New 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,837$754.5MSPTM, JCPB, JIRE, JQUA, EMXC
Q1 2026 1,718$650.9MSPTM, JCPB, JIRE, JQUA, EMXC
Q4 2025 1,274$636.7MSPTM, JCPB, JIRE, JQUA, EMXC
Q3 2025 1,032$628.6MSPTM, JCPB, JIRE, EMXC, JTEK
Q2 2025 1,031$582.1MSPTM, JCPB, JIRE, JTEK, EMXC
Q1 2025 1,056$511.2MSPTM, JCPB, JIRE, EMXC, QUAL
Q4 2024 65$486.7MSPTM, JCPB, JIRE, EMXC, QUAL