Stephens Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Stephens Inc. reported 1,267 stock positions worth $7.1 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 3.5% of the portfolio, followed by Apple (AAPL, 2.9%) and Microsoft (MSFT, 2.0%). Compared with Q3 2024, it opened 76 new positions, sold out of 97, added to 444 and reduced 646. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +5006%) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0000757657
- Portfolio Value
- $7.1B (Q4 2024)
- SEC Filing
- 0000757657-25-000004 ↗ filed Jan 28, 2025
Holdings Value
Holdings 1,267 stocks · $7.1B
| VTI VG Morningstar TS MKT ETF-US | 3.46% | 852,185 | $247.0M | Reduce -1.7% |
| AAPL Apple Inc. | 2.89% | 821,627 | $205.8M | Add +1.3% |
| MSFT Microsoft Corp. | 1.99% | 335,804 | $141.5M | Add +5.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.96% | 272,632 | $139.4M | Add +2.4% |
| IWD iShares Russell 1000 Value E | 1.80% | 692,124 | $128.1M | Add +4.7% |
| WMT Walmart Inc. | 1.70% | 1,342,757 | $121.3M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.69% | 205,052 | $120.2M | Add +0.7% |
| IWF iShares Russell 1000 Growth | 1.51% | 268,802 | $107.9M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.50% | 486,973 | $106.8M | Add +0.5% |
| IWS iShares Russell Mid-Cap Valu | 1.49% | 823,567 | $106.5M | Add +0.7% |
| AVGO Broadcom Inc. | 1.36% | 417,754 | $96.9M | Add +3.0% |
| NVDA Nvidia Corp. | 1.28% | 680,771 | $91.4M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 1.27% | 378,560 | $90.7M | Add +3.0% |
| KRUS Kura Sushi USA Inc. Class A | 0.95% | 746,652 | $67.6M | Reduce -10.2% |
| GOOG Alphabet Inc. Class C | 0.93% | 346,933 | $66.1M | Add +9.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.92% | 798,339 | $65.4M | Reduce -40.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.89% | 376,696 | $63.8M | Add +7.1% |
| IWP iShares Russell Mid-Cap Grow | 0.87% | 491,504 | $62.3M | Reduce -2.1% |
| VOO Vanguard S&P 500 ETF | 0.84% | 110,984 | $59.8M | Add +48.3% |
| BX Blackstone Inc. | 0.83% | 342,662 | $59.1M | Add +7.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.78% | 134,784 | $55.3M | Add +4.9% |
| IWV iShares Russell 3000 ETF | 0.76% | 163,042 | $54.5M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 0.76% | 284,772 | $53.9M | Add +4.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.73% | 1,007,254 | $52.1M | Add +25.8% |
| AMLP Alerian MLP ETF | 0.73% | 1,079,417 | $52.0M | Add +9.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.72% | 657,364 | $51.3M | Reduce -1.7% |
| OBDC Blue Owl Capital Corp. | 0.71% | 3,326,298 | $50.3M | Add +3.3% |
| MA Mastercard Inc. Class A | 0.66% | 89,887 | $47.3M | Add +0.7% |
| META Meta Platforms Inc. Class A | 0.65% | 78,619 | $46.0M | Add +1.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.64% | 173,104 | $45.7M | Add +45.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.64% | 229,703 | $45.5M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.63% | 449,629 | $44.7M | Reduce -21.9% |
| USFR Wisdomtree Floating Rate Tre | 0.62% | 872,858 | $43.9M | Add +2.0% |
| JCPB JPMorgan Core Plus Bond ETF | 0.58% | 899,017 | $41.4M | Reduce -18.9% |
| IWR iShares Russell Mid-Cap ETF | 0.57% | 460,989 | $40.8M | Add +1.5% |
| V Visa Inc. Class A | 0.57% | 128,706 | $40.7M | Add +0.8% |
| IOO iShares Global 100 ETF | 0.54% | 379,738 | $38.3M | Add +5.9% |
| JPST JPMorgan Ultra-Short Income | 0.54% | 757,523 | $38.2M | Add +0.4% |
| MOAT Vaneck Morningstar Wide Moat | 0.53% | 407,723 | $37.8M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 0.52% | 346,044 | $37.2M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.52% | 168,061 | $37.1M | Add +88.8% |
| CVX Chevron Corp. | 0.51% | 249,916 | $36.2M | Add +18.3% |
| CRM Salesforce Inc. | 0.50% | 107,083 | $35.8M | Add +9.3% |
| VEA Vanguard Ftse Developed ETF | 0.50% | 746,908 | $35.7M | Add +54.3% |
| VONG Vanguard Russell 1000 Growth | 0.49% | 339,045 | $35.0M | Add +2.1% |
| VRP Invesco Variable Rate Prefer | 0.49% | 1,431,932 | $34.6M | Add +1.3% |
| GS Goldman Sachs Group Inc. | 0.47% | 59,017 | $33.8M | Add +8.2% |
| CAT Caterpillar Inc. | 0.46% | 91,340 | $33.1M | Reduce -0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.46% | 166,124 | $32.5M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 69,171 | $31.4M | Reduce -3.7% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 406,446 | $30.7M | Reduce -22.6% |
| APO Apollo Global Management Inc. | 0.43% | 183,971 | $30.4M | Add +28.3% |
| JEPI JPMorgan Equity Premium Inco | 0.42% | 525,375 | $30.2M | Add +3.5% |
| CSCO Cisco Systems Inc. | 0.42% | 507,730 | $30.1M | Add +0.2% |
| DUK Duke Energy Corp. | 0.42% | 276,979 | $29.8M | Add +17.7% |
| JNJ Johnson & Johnson | 0.41% | 202,348 | $29.3M | Add +0.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.40% | 67,799 | $28.8M | Add +8.3% |
| IWO iShares Russell 2000 Growth | 0.40% | 100,097 | $28.8M | Reduce -2.2% |
| VGSH Vanguard Short-Term Treasury | 0.40% | 489,552 | $28.5M | Add +5006.4% |
| MCD McDonald's Corp. | 0.40% | 97,927 | $28.4M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 640,626 | $28.2M | Reduce -4.6% |
| PFF iShares Preferred & Income S | 0.39% | 893,444 | $28.1M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.38% | 35,288 | $27.2M | Reduce -29.4% |
| WM Waste Management Inc. | 0.38% | 133,337 | $26.9M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 0.38% | 108,629 | $26.8M | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.37% | 428,003 | $26.6M | Add +4.6% |
| ABBV Abbvie Inc. | 0.36% | 146,090 | $26.0M | Reduce -9.0% |
| IWB iShares Russell 1000 ETF | 0.36% | 80,153 | $25.8M | Add +6.9% |
| SCHD Schwab US DVD Equity ETF | 0.35% | 924,282 | $25.3M | Add +17.5% |
| ARCC Ares Capital Corp. | 0.35% | 1,142,859 | $25.0M | Add +2.8% |
| HD Home Depot Inc. | 0.34% | 61,856 | $24.1M | Add +3.4% |
| PDEC Innovator U.S. Equity Power | 0.33% | 618,463 | $23.8M | Add +61.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 98,834 | $23.7M | Add +3.6% |
| ET Energy Transfer LP | 0.33% | 1,201,288 | $23.5M | Add +4.2% |
| KKR KKR & Co. Inc. | 0.33% | 158,920 | $23.5M | Add +11.1% |
| FDL First Trust Morn DVD Lead Inc. | 0.31% | 549,604 | $22.1M | Add +9.6% |
| SGOV iShares 0-3 Month Treasury B | 0.31% | 218,524 | $21.9M | Reduce -12.7% |
| IAU iShares Gold Trust | 0.30% | 430,157 | $21.3M | Reduce -4.5% |
| ETN Eaton Corp. PLC | 0.29% | 62,735 | $20.8M | Reduce -4.0% |
| APH Amphenol Corp. Class A | 0.29% | 298,199 | $20.7M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.29% | 45,862 | $20.4M | Add +8.3% |
| NFLX Netflix Inc. | 0.28% | 22,627 | $20.2M | Reduce -12.8% |
| GIGB Goldman Sachs Inv GRD Corp. | 0.28% | 441,439 | $19.9M | Reduce -8.9% |
| LMBS First Trust Low Duration Opp | 0.27% | 399,053 | $19.4M | Reduce -9.4% |
| BIV Vanguard Intermediate-Term B | 0.27% | 258,400 | $19.3M | Add +7.9% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.27% | 112,116 | $19.1M | Add +119.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.27% | 117,433 | $19.0M | Reduce -1.7% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.27% | 380,034 | $19.0M | Reduce -2.9% |
| TSLA Tesla Inc. | 0.27% | 46,885 | $18.9M | Reduce -11.9% |
| QUAL iShares MSCI USA Quality Fac | 0.26% | 104,774 | $18.7M | Add +3.3% |
| USRT iShares Core US REIT ETF | 0.26% | 323,221 | $18.5M | Add +3.9% |
| PKG Packaging Corp. of America | 0.26% | 82,061 | $18.5M | Add +0.2% |
| QCOM Qualcomm Inc. | 0.26% | 118,762 | $18.2M | Reduce -20.7% |
| FSIG FT Ltd. Duration Inv Grade | 0.25% | 940,231 | $17.7M | Reduce -16.1% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.24% | 589,851 | $17.2M | Add +7.2% |
| BSCQ Invesco Bulletshares 2026 CB | 0.24% | 881,257 | $17.1M | Add +636.7% |
| UNH Unitedhealth Group Inc. | 0.24% | 33,845 | $17.1M | Reduce -20.3% |
| BSCP Invesco Bulletshares 2025 CB | 0.24% | 828,112 | $17.1M | Add +5.9% |
| MLM Martin Marietta Materials | 0.23% | 32,243 | $16.7M | Reduce -20.6% |
| CGMS Cap Group US Multi-Sect Bond | 0.23% | 605,579 | $16.5M | Add +10.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.4M (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 | 69,806 | $3.4M | Add +9.2% |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | 12,500 | $13K | No change |
Total filed on the 13F, all lines: $7.1B.
Portfolio Sells Q3 2024 → Q4 2024
| SHY iShares 1-3 Year Treasury Bo | Reduce -40.3% | 0.92% | −0.66 |
| MRK Merck & Co. Inc. | Reduce -21.9% | 0.63% | −0.30 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -64.6% | 0.16% | −0.29 |
| LLY Eli Lilly & Co. | Reduce -29.4% | 0.38% | −0.25 |
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.21 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -18.9% | 0.58% | −0.18 |
| EFA iShares MSCI Eafe ETF | Reduce -44.4% | 0.17% | −0.18 |
| SO The Southern Co. | Reduce -45.7% | 0.16% | −0.17 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -34.9% | 0.12% | −0.14 |
| GIS General Mills Inc. | Reduce -32.8% | 0.17% | −0.12 |
| LNT Alliant Energy Corp. | Reduce -81.4% | 0.03% | −0.12 |
| ED Consolidated Edison Inc. | Reduce -82.1% | 0.02% | −0.11 |
| IESC Ies Holdings Inc. | Sold out | 0.00% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -20.3% | 0.24% | −0.11 |
| LYB Lyondellbasell Indu Class A | Reduce -82.1% | 0.02% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -20.7% | 0.26% | −0.11 |
| UPS United Parcel Service Class B | Reduce -38.8% | 0.13% | −0.10 |
| PRU Prudential Financial Inc. | Reduce -53.9% | 0.08% | −0.10 |
| DOW Dow Inc. | Reduce -49.7% | 0.05% | −0.09 |
| ABBV Abbvie Inc. | Reduce -9.0% | 0.36% | −0.09 |
| TLT iShares 20+ Year Treasury BD | Reduce -35.5% | 0.11% | −0.08 |
| SHEL Shell PLC-ADR | Reduce -48.6% | 0.08% | −0.08 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -76.9% | 0.02% | −0.08 |
| MLM Martin Marietta Materials | Reduce -20.6% | 0.23% | −0.08 |
| ALL Allstate Corp. | Reduce -39.7% | 0.11% | −0.07 |
| NEM Newmont Corp. | Reduce -16.7% | 0.09% | −0.07 |
| MDT Medtronic PLC | Reduce -13.8% | 0.19% | −0.06 |
| AN Autonation Inc. | Reduce -63.9% | 0.03% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 0.52% | −0.06 |
| AMT American Tower Corp. | Reduce -3.1% | 0.18% | −0.06 |
| FSIG FT Ltd. Duration Inv Grade | Reduce -16.1% | 0.25% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -13.3% | 0.17% | −0.05 |
| FDX FedEx Corp. | Reduce -21.0% | 0.21% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -12.7% | 0.31% | −0.05 |
| NVR NVR Inc. | Reduce -2.0% | 0.21% | −0.05 |
| PEP Pepsico Inc. | Reduce -10.1% | 0.19% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -11.5% | 0.18% | −0.05 |
| PHM Pultegroup Inc. | Reduce -85.8% | 0.01% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 0.38% | −0.05 |
| GIGB Goldman Sachs Inv GRD Corp. | Reduce -8.9% | 0.28% | −0.05 |
| CVS CVS Health Corp. | Reduce -59.2% | 0.02% | −0.05 |
| CAT Caterpillar Inc. | Reduce -0.2% | 0.46% | −0.04 |
| IJAN Innovator International Deve | Sold out | 0.00% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -0.4% | 0.21% | −0.04 |
| HRL Hormel Foods Corp. | Reduce -87.8% | 0.01% | −0.04 |
| LGOV First TR Long Duration O-ETF | Reduce -9.9% | 0.19% | −0.04 |
| BG Bunge Global SA | Reduce -0.3% | 0.14% | −0.04 |
| CI The Cigna Group | Reduce -42.2% | 0.03% | −0.04 |
| LMBS First Trust Low Duration Opp | Reduce -9.4% | 0.27% | −0.04 |
| PLD Prologis Inc. | Reduce -24.8% | 0.06% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| VGSH Vanguard Short-Term Treasury | Add +5006.4% | 0.40% | +0.39 |
| AVGO Broadcom Inc. | Add +3.0% | 1.36% | +0.37 |
| VOO Vanguard S&P 500 ETF | Add +48.3% | 0.84% | +0.28 |
| IWM iShares Russell 2000 ETF | Add +88.8% | 0.52% | +0.24 |
| AMZN Amazon.com Inc. | Add +0.5% | 1.50% | +0.22 |
| BSCQ Invesco Bulletshares 2026 CB | Add +636.7% | 0.24% | +0.21 |
| AAPL Apple Inc. | Add +1.3% | 2.89% | +0.20 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +45.0% | 0.64% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +9.6% | 0.93% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +3.0% | 1.27% | +0.17 |
| APO Apollo Global Management Inc. | Add +28.3% | 0.43% | +0.17 |
| WMT Walmart Inc. | Add +0.4% | 1.70% | +0.17 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +119.0% | 0.27% | +0.14 |
| NVDA Nvidia Corp. | Add +2.9% | 1.28% | +0.14 |
| VEA Vanguard Ftse Developed ETF | Add +54.3% | 0.50% | +0.14 |
| BX Blackstone Inc. | Add +7.5% | 0.83% | +0.14 |
| DRI Darden Restaurants Inc. | Add +1832.9% | 0.14% | +0.13 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +25.8% | 0.73% | +0.13 |
| PDEC Innovator U.S. Equity Power | Add +61.5% | 0.33% | +0.13 |
| CRM Salesforce Inc. | Add +9.3% | 0.50% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +4.8% | 0.76% | +0.12 |
| TROW T Rowe Price Group Inc. | Add +1591.7% | 0.12% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.4% | 1.96% | +0.11 |
| HPQ HP Inc. | Add +1314.6% | 0.10% | +0.10 |
| IWF iShares Russell 1000 Growth | Add +0.6% | 1.51% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +8.2% | 0.47% | +0.09 |
| OWL Blue Owl Capital Inc. | Add +37.7% | 0.20% | +0.08 |
| AEP American Electric Power | Add +169.7% | 0.14% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +4.9% | 0.78% | +0.08 |
| TGT Target Corp. | Add +245.4% | 0.11% | +0.07 |
| V Visa Inc. Class A | Add +0.8% | 0.57% | +0.07 |
| AMLP Alerian MLP ETF | Add +9.7% | 0.73% | +0.07 |
| ET Energy Transfer LP | Add +4.2% | 0.33% | +0.07 |
| CVX Chevron Corp. | Add +18.3% | 0.51% | +0.07 |
| KKR KKR & Co. Inc. | Add +11.1% | 0.33% | +0.06 |
| GPC Genuine Parts Co. | Add +350.8% | 0.09% | +0.06 |
| HSY The Hershey Co. | Add +278.9% | 0.09% | +0.06 |
| SNOV FT Vest US Small Cap Moderat | New | 0.05% | +0.05 |
| ENOV Enovis Corp. | New | 0.05% | +0.05 |
| PAGP Plains GP Holdings LP | Add +1862.0% | 0.05% | +0.05 |
| IGV iShares Expanded Tech-Softwa | Add +556.7% | 0.06% | +0.05 |
| MSFT Microsoft Corp. | Add +5.7% | 1.99% | +0.05 |
| FIXD First Trust Smith Opportunis | New | 0.05% | +0.05 |
| KALU Kaiser Aluminum Corp. | New | 0.04% | +0.04 |
| NKE Nike Inc. Class B | Add +131.7% | 0.09% | +0.04 |
| NVBU Allianzim US BF15 Uncap Nov | New | 0.04% | +0.04 |
| OCTU Allianzim US BF15 Uncap Oct | New | 0.04% | +0.04 |
| OBDC Blue Owl Capital Corp. | Add +3.3% | 0.71% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +17.5% | 0.35% | +0.04 |
| NVMI Nova Ltd. | New | 0.04% | +0.04 |
Notes & Other Activity Q3 2024 → Q4 2024
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Add +9.2% | 69,806 | $3.4M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 5,222 | $242Kbefore 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 |