Stephens Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Stephens Inc. reported 1,331 stock positions worth $8.9 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 2.7% of the portfolio, followed by Apple (AAPL, 2.7%) and Invesco QQQ Trust Series 1 (QQQ, 2.2%). Compared with Q1 2026, it opened 93 new positions, sold out of 73, added to 557 and reduced 529. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +2%) and the biggest sale Kura Sushi USA Class A (KRUS, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0000757657
- Portfolio Value
- $8.9B (Q2 2026)
- SEC Filing
- 0000757657-26-000017 ↗ filed Jul 29, 2026
Holdings Value
Holdings 1,331 stocks · $8.9B
| VTI VG Morningstar TS MKT ETF-US | 2.73% | 659,346 | $244.0M | Add +0.3% |
| AAPL Apple Inc. | 2.71% | 833,376 | $242.1M | Add +2.0% |
| QQQ Invesco QQQ Trust Series 1 | 2.21% | 267,335 | $196.9M | Add +1.7% |
| WMT Walmart Inc. | 2.02% | 1,587,838 | $180.3M | Add +3.1% |
| NVDA Nvidia Corp. | 1.85% | 824,241 | $165.3M | Add +1.7% |
| AMZN Amazon.com Inc. | 1.84% | 686,863 | $164.3M | Add +5.3% |
| AVGO Broadcom Inc. | 1.69% | 398,533 | $150.8M | Reduce -3.1% |
| MSFT Microsoft Corp. | 1.63% | 390,296 | $145.8M | Add +2.1% |
| IWD iShares Russell 1000 Value E | 1.61% | 593,962 | $144.0M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.61% | 438,978 | $144.0M | Add +3.5% |
| IWF iShares Russell 1000 Growth | 1.48% | 1,064,094 | $132.2M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 1.41% | 351,331 | $125.7M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.40% | 167,417 | $125.0M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.27% | 320,623 | $113.4M | Add +3.6% |
| IWS iShares Russell Mid-Cap Valu | 1.24% | 669,651 | $110.2M | Reduce -2.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.04% | 423,860 | $92.4M | Add +1.4% |
| GS Goldman Sachs Group Inc. | 0.97% | 85,346 | $86.4M | Add +5.0% |
| IOO iShares Global 100 ETF | 0.93% | 604,847 | $82.6M | Add +14.5% |
| VOO Vanguard S&P 500 ETF | 0.87% | 113,290 | $77.8M | Add +1.8% |
| IWV iShares Russell 3000 ETF | 0.85% | 177,801 | $75.8M | Add +8.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.85% | 875,866 | $75.4M | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.82% | 302,916 | $73.6M | Add +10.7% |
| IWP iShares Russell Mid-Cap Grow | 0.80% | 485,385 | $71.1M | Reduce -7.3% |
| KRUS Kura Sushi USA Inc. Class A | 0.71% | 1,102,847 | $63.5M | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.68% | 56,857 | $60.5M | Add +1.0% |
| SCHD Schwab US DVD Equity ETF | 0.66% | 1,868,823 | $59.3M | Add +3.4% |
| META Meta Platforms Inc. Class A | 0.65% | 102,378 | $57.8M | Add +1.2% |
| VONG Vanguard Russell 1000 Growth | 0.63% | 437,676 | $55.9M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.62% | 469,615 | $55.2M | Reduce -2.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.60% | 102,905 | $53.8M | Add +8.8% |
| JNJ Johnson & Johnson | 0.60% | 210,285 | $53.6M | Add +20.6% |
| BIV Vanguard Intermediate-Term B | 0.59% | 683,912 | $52.5M | Add +12.2% |
| AMLP Alerian MLP ETF | 0.59% | 1,010,491 | $52.4M | Add +0.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.58% | 140,559 | $51.4M | Add +5.5% |
| IWR iShares Russell Mid-Cap ETF | 0.54% | 436,558 | $48.2M | Add +4.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.53% | 587,191 | $47.3M | Reduce -0.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.52% | 583,585 | $46.1M | Add +0.6% |
| MA Mastercard Inc. Class A | 0.51% | 88,511 | $45.5M | Reduce -3.4% |
| LLY Eli Lilly & Co. | 0.50% | 37,094 | $44.7M | Add +0.5% |
| IWM iShares Russell 2000 ETF | 0.50% | 148,311 | $44.6M | Add +22.9% |
| DUK Duke Energy Corp. | 0.49% | 345,986 | $43.9M | Add +0.1% |
| CVX Chevron Corp. | 0.49% | 260,627 | $43.3M | Reduce -2.8% |
| APH Amphenol Corp. Class A | 0.48% | 244,235 | $43.1M | Reduce -0.9% |
| SGOV iShares 0-3 Month Treasury B | 0.48% | 423,052 | $42.6M | Reduce -8.1% |
| XOM Exxon Mobil Corp. | 0.48% | 311,060 | $42.5M | Reduce -0.3% |
| JPST JPMorgan Ultra-Short Income | 0.47% | 826,961 | $41.8M | Reduce -0.3% |
| FTCB FT Core Investment Grade ETF | 0.47% | 2,004,030 | $41.8M | Add +0.2% |
| V Visa Inc. Class A | 0.46% | 119,952 | $41.4M | Reduce -1.8% |
| VRP Invesco Variable Rate Prefer | 0.45% | 1,641,083 | $39.9M | Add +11.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.45% | 484,807 | $39.8M | Reduce -3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 77,294 | $38.7M | Add +7.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.42% | 361,144 | $37.5M | Reduce -0.7% |
| IWB iShares Russell 1000 ETF | 0.42% | 91,196 | $37.3M | Add +5.2% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 510,238 | $36.4M | Reduce -0.3% |
| BX Blackstone Inc. | 0.40% | 303,289 | $35.7M | Add +4.0% |
| MRK Merck & Co. Inc. | 0.40% | 272,973 | $35.5M | Add +0.0% |
| ABBV Abbvie Inc. | 0.39% | 139,208 | $35.1M | Reduce -2.0% |
| JEPI JPMorgan Equity Premium Inco | 0.39% | 614,920 | $34.7M | Add +1.1% |
| AMGN Amgen Inc. | 0.39% | 93,841 | $34.4M | Reduce -18.1% |
| VGSH Vanguard Short-Term Treasury | 0.37% | 559,865 | $32.6M | Add +8.6% |
| NEM Newmont Corp. | 0.36% | 341,160 | $31.9M | Add +5.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.35% | 108,394 | $31.4M | Reduce -1.4% |
| MLM Martin Marietta Materials | 0.35% | 53,993 | $31.1M | Reduce -3.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.34% | 100,816 | $30.6M | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 0.33% | 283,139 | $29.4M | Add +4.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.33% | 60,937 | $29.4M | Add +10.7% |
| PANW Palo Alto Networks Inc. | 0.33% | 85,818 | $29.3M | Add +1.6% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 77,586 | $29.0M | Add +11.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.32% | 546,640 | $28.6M | Reduce -3.4% |
| ET Energy Transfer LP | 0.32% | 1,479,489 | $28.3M | Add +7.2% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 238,173 | $27.8M | Reduce -10.0% |
| BAC Bank of America Corp. | 0.31% | 479,328 | $27.3M | Add +0.7% |
| FDL First Trust Morn DVD Lead Inc. | 0.30% | 553,057 | $26.9M | Add +1.9% |
| PEP Pepsico Inc. | 0.30% | 195,603 | $26.6M | Add +12.9% |
| QCOM Qualcomm Inc. | 0.29% | 140,435 | $26.2M | Reduce -6.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.29% | 132,161 | $26.1M | Add +2.4% |
| ETN Eaton Corp. PLC | 0.29% | 59,756 | $25.6M | Add +2.2% |
| WM Waste Management Inc. | 0.29% | 114,842 | $25.6M | Reduce -0.7% |
| APO Apollo Global Management Inc. | 0.29% | 215,221 | $25.5M | Add +9.1% |
| LOW Lowe's Cos Inc. | 0.28% | 113,803 | $25.1M | Add +3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.28% | 105,682 | $25.0M | Reduce -4.9% |
| AVUV Avantis US Small Cap Value | 0.28% | 198,515 | $24.8M | Add +0.0% |
| HD Home Depot Inc. | 0.28% | 69,873 | $24.7M | Add +9.7% |
| KO The Coca-Cola Co. | 0.28% | 299,964 | $24.7M | Add +2.6% |
| AMAT Applied Materials Inc. | 0.28% | 33,829 | $24.6M | Reduce -2.0% |
| EPD Enterprise Products Partners | 0.27% | 645,519 | $23.7M | Add +2.0% |
| USRT iShares Core US REIT ETF | 0.27% | 356,379 | $23.7M | Reduce -2.5% |
| TSLA Tesla Inc. | 0.26% | 53,706 | $23.4M | Add +5.0% |
| NXPI NXP Semiconductors NV | 0.26% | 81,687 | $23.1M | Add +1.0% |
| MTZ Mastec Inc. | 0.26% | 55,460 | $23.1M | Add +3.7% |
| MCD McDonald's Corp. | 0.26% | 85,155 | $23.0M | Add +17.6% |
| CGGR Cap Group Growth Equity | 0.26% | 486,484 | $23.0M | Add +10.3% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 102,338 | $22.5M | Reduce -0.2% |
| JCPB JPMorgan Core Plus Bond ETF | 0.25% | 471,767 | $22.1M | Add +1.6% |
| AGG iShares Core U.S. Aggregate | 0.25% | 223,499 | $22.1M | Add +1.0% |
| ARCC Ares Capital Corp. | 0.25% | 1,186,676 | $22.0M | Add +0.2% |
| LMT Lockheed Martin Corp. | 0.25% | 42,868 | $21.9M | Add +11.4% |
| RSP Invesco S&P 500 Equal Weight | 0.24% | 100,823 | $21.5M | Reduce -15.1% |
| IAU iShares Gold Trust | 0.24% | 281,519 | $21.3M | Add +2.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.24% | 250,969 | $21.0M | Reduce -1.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 61,516 | $3.1M | Reduce -10.0% |
Total filed on the 13F, all lines: $8.9B.
Portfolio Sells Q1 2026 → Q2 2026
| KRUS Kura Sushi USA Inc. Class A | Reduce -0.4% | 0.71% | −0.26 |
| CVX Chevron Corp. | Reduce -2.8% | 0.49% | −0.21 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.48% | −0.19 |
| PLTR Palantir Technologies Inc. Class A | Reduce -10.0% | 0.31% | −0.18 |
| T AT&T Inc. | Reduce -36.0% | 0.10% | −0.14 |
| AMGN Amgen Inc. | Reduce -18.1% | 0.39% | −0.12 |
| KTOS Kratos Defense & Security | Reduce -5.8% | 0.16% | −0.11 |
| MDT Medtronic PLC | Reduce -18.4% | 0.20% | −0.11 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.1% | 0.48% | −0.10 |
| TGT Target Corp. | Reduce -82.4% | 0.03% | −0.10 |
| ZTS Zoetis Inc. | Reduce -15.7% | 0.07% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -3.8% | 0.45% | −0.07 |
| NFLX Netflix Inc. | Reduce -3.0% | 0.13% | −0.07 |
| INTU Intuit Inc. | Reduce -10.2% | 0.07% | −0.07 |
| MLM Martin Marietta Materials | Reduce -3.8% | 0.35% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -3.4% | 0.51% | −0.06 |
| RGLD Royal Gold Inc. | Reduce -27.6% | 0.06% | −0.06 |
| CRM Salesforce Inc. | Reduce -29.7% | 0.06% | −0.06 |
| JPST JPMorgan Ultra-Short Income | Reduce -0.3% | 0.47% | −0.06 |
| GLD SPDR Gold Shares | Reduce -11.5% | 0.12% | −0.05 |
| AES AES Corp. | Reduce -34.6% | 0.08% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.4% | 0.32% | −0.05 |
| HON Honeywell International Inc. | Reduce -1.5% | 0.04% | −0.05 |
| AU Anglogold Ashanti PLC | Sold out | 0.00% | −0.05 |
| FDX FedEx Corp. | Reduce -1.8% | 0.16% | −0.05 |
| WM Waste Management Inc. | Reduce -0.7% | 0.29% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -15.1% | 0.24% | −0.04 |
| IWP iShares Russell Mid-Cap Grow | Reduce -7.3% | 0.80% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -61.1% | 0.02% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 0.20% | −0.04 |
| G Genpact Ltd. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Reduce -35.4% | 0.03% | −0.04 |
| USFR Wisdomtree Floating Rate Tre | Reduce -27.7% | 0.07% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -9.5% | 0.15% | −0.03 |
| NDMO Nuveen Dynamic Municipal Opp | Reduce -68.0% | 0.01% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -43.4% | 0.04% | −0.03 |
| ORI Old Republic Intl Corp. | Reduce -18.4% | 0.10% | −0.03 |
| OBDC Blue Owl Capital Corp. | Reduce -2.6% | 0.19% | −0.03 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.09% | −0.03 |
| ABT Abbott Laboratories | Reduce -8.2% | 0.08% | −0.03 |
| YETI Yeti Holdings Inc. | Reduce -81.3% | 0.01% | −0.03 |
| RMBS Rambus Inc. | Reduce -83.5% | 0.01% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -14.4% | 0.04% | −0.03 |
| LKQ LKQ Corp. | Reduce -40.4% | 0.02% | −0.02 |
| AON Aon PLC Class A | Reduce -6.5% | 0.15% | −0.02 |
| MUR Murphy Oil Corp. | Reduce -10.2% | 0.04% | −0.02 |
| PRU Prudential Financial Inc. | Reduce -60.0% | 0.02% | −0.02 |
| NTR Nutrien Ltd. | Reduce -17.7% | 0.04% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -0.1% | 0.10% | −0.02 |
| SANM Sanmina Corp. | Reduce -85.2% | 0.01% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | Add +1.7% | 2.21% | +0.31 |
| CAT Caterpillar Inc. | Add +1.0% | 0.68% | +0.18 |
| MOD Modine Manufacturing Co. | New | 0.18% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +2.6% | 1.41% | +0.17 |
| PANW Palo Alto Networks Inc. | Add +1.6% | 0.33% | +0.16 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 1.27% | +0.16 |
| AMZN Amazon.com Inc. | Add +5.3% | 1.84% | +0.14 |
| IOO iShares Global 100 ETF | Add +14.5% | 0.93% | +0.13 |
| IWM iShares Russell 2000 ETF | Add +22.9% | 0.50% | +0.12 |
| DELL Dell Technologies -C | Add +50.2% | 0.17% | +0.12 |
| AAPL Apple Inc. | Add +2.0% | 2.71% | +0.11 |
| GS Goldman Sachs Group Inc. | Add +5.0% | 0.97% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 2.73% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.7% | 0.33% | +0.09 |
| MRVL Marvell Technology Inc. | Add +72.4% | 0.11% | +0.09 |
| IWV iShares Russell 3000 ETF | Add +8.3% | 0.85% | +0.09 |
| AZN Astrazeneca PLC | Add +364.2% | 0.12% | +0.09 |
| IWF iShares Russell 1000 Growth | Add +1.6% | 1.48% | +0.08 |
| JAAA Janus Henderson Aaa Clo ETF | Add +106.7% | 0.18% | +0.08 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +10.7% | 0.82% | +0.08 |
| GE General Electric | Add +11.9% | 0.33% | +0.08 |
| NVDA Nvidia Corp. | Add +1.7% | 1.85% | +0.08 |
| LLY Eli Lilly & Co. | Add +0.5% | 0.50% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +11.8% | 0.21% | +0.07 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +5.5% | 0.58% | +0.07 |
| ED Consolidated Edison Inc. | Add +430.5% | 0.09% | +0.07 |
| JNJ Johnson & Johnson | Add +20.6% | 0.60% | +0.07 |
| GEV GE Vernova Inc. | Add +53.5% | 0.15% | +0.07 |
| GLW Corning Inc. | Add +139.9% | 0.09% | +0.07 |
| NXPI NXP Semiconductors NV | Add +1.0% | 0.26% | +0.06 |
| IWD iShares Russell 1000 Value E | Add +1.9% | 1.61% | +0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Add +8.8% | 0.60% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.5% | 0.85% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +3.5% | 1.61% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 1.40% | +0.05 |
| XLK SS Technology Select Sector | Add +0.4% | 0.20% | +0.04 |
| MTZ Mastec Inc. | Add +3.7% | 0.26% | +0.04 |
| HPE Hewlett Packard Enterprise | Add +899.3% | 0.04% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +20.1% | 0.22% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +1.8% | 0.87% | +0.04 |
| BG Bunge Global SA | Add +60.8% | 0.21% | +0.04 |
| CGDV Cap Group Dividend Value | Add +23.3% | 0.17% | +0.04 |
| CGGR Cap Group Growth Equity | Add +10.3% | 0.26% | +0.04 |
| CGGO Cap Group Global Growth | Add +3.5% | 0.23% | +0.03 |
| SMMD iShares Russell 2500 ETF | Add +696.9% | 0.04% | +0.03 |
| IWB iShares Russell 1000 ETF | Add +5.2% | 0.42% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +4.2% | 0.54% | +0.03 |
| SPCX Space Exploration Techn Class A | New | 0.03% | +0.03 |
| ARES Ares Management Corp. Class A | Add +50.4% | 0.10% | +0.03 |
| AROC Archrock Inc. | Add +276.7% | 0.04% | +0.03 |
Notes & Other Activity Q1 2026 → Q2 2026
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Reduce -10.0% | 61,516 | $3.1M |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | Sold out | 16,890 | $118before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,331 | $8.9B | VTI, AAPL, QQQ, WMT, NVDA |
| Q1 2026 | 1,309 | $8.0B | VTI, AAPL, WMT, QQQ, NVDA |
| Q4 2025 | 1,299 | $8.0B | AAPL, VTI, MSFT, QQQ, WMT |
| Q3 2025 | 1,319 | $7.8B | VTI, AAPL, MSFT, QQQ, NVDA |
| Q2 2025 | 1,272 | $7.3B | VTI, MSFT, AAPL, QQQ, WMT |
| Q1 2025 | 1,234 | $6.8B | VTI, AAPL, MSFT, QQQ, WMT |
| Q4 2024 | 1,267 | $7.1B | VTI, AAPL, MSFT, QQQ, IWD |
| Q3 2024 | 1,288 | $7.0B | VTI, AAPL, MSFT, QQQ, IWD |
| Q2 2024 | 1,269 | $6.6B | VTI, AAPL, MSFT, QQQ, IWD |
| Q1 2024 | 1,306 | $6.4B | VTI, AAPL, MSFT, IWD, QQQ |