Stephens Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Stephens Inc. reported 1,309 stock positions worth $8.0 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 2.6% of the portfolio, followed by Apple (AAPL, 2.6%) and Walmart (WMT, 2.4%). Compared with Q4 2025, it opened 107 new positions, sold out of 98, added to 557 and reduced 519. The biggest buy was Kura Sushi USA Class A (KRUS, shares +32%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0000757657
- Portfolio Value
- $8.0B (Q1 2026)
- SEC Filing
- 0000757657-26-000013 ↗ filed Apr 28, 2026
Holdings Value
Holdings 1,309 stocks · $8.0B
| VTI VG Morningstar TS MKT ETF-US | 2.64% | 657,184 | $210.8M | Reduce -2.4% |
| AAPL Apple Inc. | 2.60% | 816,725 | $207.9M | Reduce -2.5% |
| WMT Walmart Inc. | 2.40% | 1,540,042 | $191.5M | Add +6.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.90% | 262,925 | $151.8M | Reduce -1.9% |
| NVDA Nvidia Corp. | 1.78% | 810,438 | $141.9M | Add +3.1% |
| MSFT Microsoft Corp. | 1.77% | 382,340 | $141.7M | Add +5.9% |
| AMZN Amazon.com Inc. | 1.70% | 652,465 | $136.2M | Add +9.0% |
| AVGO Broadcom Inc. | 1.60% | 411,322 | $127.6M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 1.57% | 424,070 | $125.1M | Add +2.2% |
| IWD iShares Russell 1000 Value E | 1.56% | 582,984 | $124.6M | Reduce -6.2% |
| IWF iShares Russell 1000 Growth | 1.40% | 261,973 | $111.7M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.36% | 166,554 | $108.3M | Reduce -15.4% |
| IWS iShares Russell Mid-Cap Valu | 1.25% | 683,625 | $99.6M | Reduce -18.7% |
| GOOGL Alphabet Inc. Class A | 1.23% | 342,294 | $98.7M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 1.11% | 309,585 | $88.9M | Reduce -5.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.03% | 418,100 | $82.0M | Reduce -0.1% |
| KRUS Kura Sushi USA Inc. Class A | 0.97% | 1,107,263 | $77.3M | Add +31.9% |
| GS Goldman Sachs Group Inc. | 0.86% | 81,322 | $68.8M | Add +6.7% |
| IWP iShares Russell Mid-Cap Grow | 0.84% | 523,361 | $67.1M | Reduce -4.8% |
| VOO Vanguard S&P 500 ETF | 0.83% | 111,264 | $66.5M | Reduce -2.3% |
| IOO iShares Global 100 ETF | 0.80% | 528,198 | $63.9M | Add +12.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.79% | 145,267 | $63.5M | Add +4.1% |
| IWV iShares Russell 3000 ETF | 0.76% | 164,161 | $60.9M | Add +4.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.74% | 273,733 | $59.5M | Add +2.2% |
| META Meta Platforms Inc. Class A | 0.73% | 101,151 | $58.1M | Add +8.4% |
| CVX Chevron Corp. | 0.69% | 268,036 | $55.5M | Add +2.9% |
| SCHD Schwab US DVD Equity ETF | 0.69% | 1,807,762 | $55.5M | Add +5.8% |
| AMLP Alerian MLP ETF | 0.67% | 1,010,395 | $53.2M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.66% | 311,896 | $53.0M | Reduce -11.0% |
| VONG Vanguard Russell 1000 Growth | 0.61% | 441,472 | $48.4M | Add +21.0% |
| BIV Vanguard Intermediate-Term B | 0.59% | 609,591 | $47.0M | Add +11.1% |
| SGOV iShares 0-3 Month Treasury B | 0.58% | 460,127 | $46.3M | Add +91.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.58% | 579,894 | $46.0M | Add +0.6% |
| MA Mastercard Inc. Class A | 0.57% | 91,580 | $45.8M | Add +0.7% |
| DUK Duke Energy Corp. | 0.57% | 345,684 | $45.3M | Add +12.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.55% | 94,615 | $43.8M | Add +18.8% |
| JNJ Johnson & Johnson | 0.53% | 174,298 | $42.6M | Reduce -8.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.53% | 148,085 | $42.5M | Add +6.6% |
| JPST JPMorgan Ultra-Short Income | 0.53% | 829,222 | $42.0M | Add +2.8% |
| FTCB FT Core Investment Grade ETF | 0.52% | 1,999,530 | $41.9M | Add +58.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.52% | 503,696 | $41.6M | Add +3.8% |
| IWR iShares Russell Mid-Cap ETF | 0.51% | 419,131 | $40.8M | Reduce -1.4% |
| AMGN Amgen Inc. | 0.51% | 114,544 | $40.6M | Add +8.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.50% | 133,265 | $40.3M | Add +2.0% |
| CAT Caterpillar Inc. | 0.50% | 56,306 | $39.9M | Reduce -3.3% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 264,695 | $39.1M | Add +4.7% |
| CSCO Cisco Systems Inc. | 0.47% | 483,636 | $37.7M | Reduce -0.3% |
| V Visa Inc. Class A | 0.46% | 122,151 | $37.0M | Reduce -1.0% |
| VRP Invesco Variable Rate Prefer | 0.44% | 1,478,797 | $35.5M | Add +4.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.44% | 363,545 | $35.2M | Reduce -3.2% |
| NEM Newmont Corp. | 0.44% | 324,376 | $35.1M | Add +6.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 72,223 | $34.7M | Add +6.4% |
| JEPI JPMorgan Equity Premium Inco | 0.43% | 608,099 | $34.5M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 0.43% | 36,913 | $34.1M | Reduce -1.3% |
| BX Blackstone Inc. | 0.42% | 291,762 | $33.6M | Reduce -1.5% |
| MRK Merck & Co. Inc. | 0.42% | 272,906 | $33.2M | Reduce -20.2% |
| MLM Martin Marietta Materials | 0.41% | 56,111 | $33.0M | Add +9.3% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 511,500 | $32.8M | Add +1.9% |
| APH Amphenol Corp. Class A | 0.39% | 246,384 | $31.1M | Reduce -1.4% |
| ABBV Abbvie Inc. | 0.39% | 142,021 | $30.9M | Reduce -5.6% |
| IWB iShares Russell 1000 ETF | 0.39% | 86,682 | $30.9M | Add +1.7% |
| VGSH Vanguard Short-Term Treasury | 0.38% | 515,464 | $30.2M | Add +3.9% |
| IWM iShares Russell 2000 ETF | 0.37% | 120,695 | $29.9M | Add +12.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.37% | 565,737 | $29.7M | Reduce -1.8% |
| FDL First Trust Morn DVD Lead Inc. | 0.34% | 542,724 | $27.6M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.34% | 173,304 | $27.3M | Add +29.5% |
| ET Energy Transfer LP | 0.33% | 1,380,437 | $26.6M | Reduce -0.1% |
| WM Waste Management Inc. | 0.33% | 115,596 | $26.6M | Reduce -3.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 100,683 | $26.4M | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.33% | 271,209 | $26.3M | Add +13.6% |
| LOW Lowe's Cos Inc. | 0.33% | 110,534 | $26.1M | Reduce -0.2% |
| MDT Medtronic PLC | 0.31% | 284,904 | $24.8M | Add +6.5% |
| IAU iShares Gold Trust | 0.30% | 273,835 | $24.1M | Reduce -4.5% |
| EPD Enterprise Products Partners | 0.30% | 632,544 | $23.9M | Add +4.5% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 111,150 | $23.9M | Add +0.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.30% | 129,093 | $23.8M | Add +11.1% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.29% | 109,941 | $23.3M | Reduce -0.2% |
| LMT Lockheed Martin Corp. | 0.29% | 38,484 | $23.3M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 475,941 | $23.3M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 118,711 | $22.8M | Add +68.5% |
| MCD McDonald's Corp. | 0.28% | 72,438 | $22.8M | Add +2.6% |
| KO The Coca-Cola Co. | 0.28% | 292,489 | $22.7M | Reduce -2.4% |
| APO Apollo Global Management Inc. | 0.28% | 197,200 | $22.0M | Add +0.8% |
| AGG iShares Core U.S. Aggregate | 0.27% | 221,227 | $22.0M | Add +6.5% |
| AVUV Avantis US Small Cap Value | 0.27% | 198,445 | $21.9M | Add +40.0% |
| JCPB JPMorgan Core Plus Bond ETF | 0.27% | 464,349 | $21.9M | Reduce -2.8% |
| USRT iShares Core US REIT ETF | 0.27% | 365,635 | $21.6M | Add +1.4% |
| KTOS Kratos Defense & Security | 0.27% | 304,359 | $21.5M | Reduce -10.5% |
| ARCC Ares Capital Corp. | 0.27% | 1,183,795 | $21.3M | Add +4.2% |
| HD Home Depot Inc. | 0.26% | 63,678 | $21.1M | Reduce -0.2% |
| ETN Eaton Corp. PLC | 0.26% | 58,470 | $21.1M | Add +6.2% |
| TSLA Tesla Inc. | 0.25% | 51,123 | $20.3M | Reduce -4.2% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 69,354 | $19.7M | Add +25.1% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 102,584 | $19.7M | Add +2.9% |
| QCOM Qualcomm Inc. | 0.24% | 150,857 | $19.6M | Reduce -1.2% |
| RTX RTX Corp. | 0.24% | 100,495 | $19.5M | Reduce -3.2% |
| T AT&T Inc. | 0.24% | 660,536 | $19.3M | Reduce -0.7% |
| CGCB Cap Group Core Bond | 0.24% | 733,059 | $19.3M | Add +5.9% |
| CGMS Cap Group US Multi-Sect Bond | 0.24% | 703,100 | $19.1M | Add +3.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.24% | 254,340 | $19.1M | Add +1.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.5M (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 | 68,321 | $3.5M | Reduce -12.7% |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 16,890 | $118 | Add +0.1% |
Total filed on the 13F, all lines: $8.0B.
Portfolio Sells Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.4% | 1.36% | −0.32 |
| AAPL Apple Inc. | Reduce -2.5% | 2.60% | −0.24 |
| IWS iShares Russell Mid-Cap Valu | Reduce -18.7% | 1.25% | −0.23 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.4% | 2.64% | −0.17 |
| GOOG Alphabet Inc. Class C | Reduce -5.5% | 1.11% | −0.17 |
| FJAN FT Vest U.S. Equity Buffer E | Reduce -67.0% | 0.08% | −0.16 |
| FFEB FT Vest US Equity Buffer ETF | Reduce -62.2% | 0.09% | −0.15 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.9% | 1.90% | −0.15 |
| BX Blackstone Inc. | Reduce -1.5% | 0.42% | −0.15 |
| LMBS First Trust Low Duration Opp | Reduce -54.6% | 0.10% | −0.12 |
| FSIG FT Ltd. Duration Inv Grade | Reduce -53.7% | 0.08% | −0.10 |
| WRB WR Berkley Corp. | Reduce -38.2% | 0.14% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -4.8% | 0.84% | −0.10 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -88.6% | 0.01% | −0.09 |
| FMAR FT Vest US Equity Buffer ETF | Reduce -60.9% | 0.06% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -1.2% | 0.24% | −0.08 |
| GPC Genuine Parts Co. | Reduce -76.3% | 0.02% | −0.08 |
| KKR KKR & Co. Inc. | Reduce -2.0% | 0.21% | −0.08 |
| FEGE First Eagle GL Equity ETF | Reduce -73.4% | 0.03% | −0.08 |
| V Visa Inc. Class A | Reduce -1.0% | 0.46% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -1.3% | 0.43% | −0.07 |
| HEQT Simplify Hedged Equity ETF | Reduce -82.1% | 0.01% | −0.07 |
| IWD iShares Russell 1000 Value E | Reduce -6.2% | 1.56% | −0.07 |
| CRM Salesforce Inc. | Reduce -9.3% | 0.12% | −0.07 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.06 |
| BND Vanguard Total Bond Market | Reduce -68.2% | 0.03% | −0.06 |
| USFR Wisdomtree Floating Rate Tre | Reduce -37.5% | 0.10% | −0.06 |
| MEAR Ishrs Short Mat Muni Act ETF | Reduce -70.2% | 0.03% | −0.06 |
| POCT Innovator U.S. Equity Power | Reduce -66.5% | 0.03% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -5.4% | 0.20% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -2.3% | 0.83% | −0.06 |
| ALLW State Street Brgwtr All WTHR | Reduce -64.3% | 0.03% | −0.06 |
| ACN Accenture PLC Class A | Reduce -71.4% | 0.02% | −0.06 |
| HSY The Hershey Co. | Reduce -53.0% | 0.06% | −0.06 |
| EEM iShares MSCI Emerging Market | Reduce -88.0% | 0.01% | −0.06 |
| SFLR Innovator Eqty MGD Floor ETF | Reduce -73.2% | 0.02% | −0.06 |
| HYLS FT Tactical High Yield ETF | Reduce -92.9% | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -19.1% | 0.11% | −0.05 |
| KTOS Kratos Defense & Security | Reduce -10.5% | 0.27% | −0.05 |
| TSLA Tesla Inc. | Reduce -4.2% | 0.25% | −0.05 |
| OWL Blue Owl Capital Inc. | Reduce -26.8% | 0.04% | −0.05 |
| APP AppLovin Corp. Class A | Reduce -25.2% | 0.04% | −0.05 |
| KBWB Invesco KBW Bank ETF | Reduce -48.3% | 0.04% | −0.05 |
| PTNQ Pacer Trendpilot 100 ETF | Sold out | 0.00% | −0.04 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -3.2% | 0.44% | −0.04 |
| AMD Advanced Micro Devices | Reduce -31.2% | 0.08% | −0.04 |
| FJUN FT Vest US Equity Buff ETF-J | Reduce -77.5% | 0.01% | −0.04 |
| ZTS Zoetis Inc. | Reduce -15.9% | 0.16% | −0.04 |
| QDPL Pacer Met US LRG Cap DVD 400 | Reduce -70.7% | 0.02% | −0.04 |
| ABBV Abbvie Inc. | Reduce -5.6% | 0.39% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| KRUS Kura Sushi USA Inc. Class A | Add +31.9% | 0.97% | +0.42 |
| WMT Walmart Inc. | Add +6.7% | 2.40% | +0.40 |
| SGOV iShares 0-3 Month Treasury B | Add +91.2% | 0.58% | +0.28 |
| CVX Chevron Corp. | Add +2.9% | 0.69% | +0.20 |
| AVDE Avantis International Equity | New | 0.20% | +0.20 |
| FTCB FT Core Investment Grade ETF | Add +58.6% | 0.52% | +0.19 |
| DUK Duke Energy Corp. | Add +12.5% | 0.57% | +0.12 |
| RSP Invesco S&P 500 Equal Weight | Add +68.5% | 0.29% | +0.12 |
| SCHD Schwab US DVD Equity ETF | Add +5.8% | 0.69% | +0.11 |
| PEP Pepsico Inc. | Add +29.5% | 0.34% | +0.10 |
| MTZ Mastec Inc. | Add +22.1% | 0.22% | +0.10 |
| AVUV Avantis US Small Cap Value | Add +40.0% | 0.27% | +0.09 |
| MGOV FT Intermed Govt Oppt ETF | New | 0.09% | +0.09 |
| FIIG FT Intermed Dur Ig Corp. ETF | Add +80.4% | 0.20% | +0.09 |
| AVEM Avantis Emerging Markets Eq | New | 0.08% | +0.08 |
| FG F&G Annuities & Life Inc. | Add +2230.2% | 0.08% | +0.08 |
| AMGN Amgen Inc. | Add +8.6% | 0.51% | +0.08 |
| DIA SS SPDR Dow Jones Indus Avg | Add +18.8% | 0.55% | +0.07 |
| STIP iShares 0-5 Year Tips Bond E | Add +275.4% | 0.09% | +0.07 |
| NEM Newmont Corp. | Add +6.1% | 0.44% | +0.06 |
| LMT Lockheed Martin Corp. | Add +0.2% | 0.29% | +0.06 |
| EPD Enterprise Products Partners | Add +4.5% | 0.30% | +0.06 |
| BIV Vanguard Intermediate-Term B | Add +11.1% | 0.59% | +0.06 |
| IOO iShares Global 100 ETF | Add +12.0% | 0.80% | +0.06 |
| VONG Vanguard Russell 1000 Growth | Add +21.0% | 0.61% | +0.05 |
| CGUS Cap Group Core Equity | Add +44.2% | 0.19% | +0.05 |
| CGGR Cap Group Growth Equity | Add +44.3% | 0.22% | +0.05 |
| LGOV First TR Long Duration O-ETF | Add +29.7% | 0.24% | +0.05 |
| RGLD Royal Gold Inc. | Add +51.2% | 0.12% | +0.05 |
| MDLN Medline Inc. Class A | New | 0.05% | +0.05 |
| NDMO Nuveen Dynamic Municipal Opp | Add +3651.6% | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +12.5% | 0.37% | +0.05 |
| VT Vanguard Tot World STK ETF | Add +46.1% | 0.15% | +0.05 |
| MO Altria Group Inc. | Add +8.6% | 0.22% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +13.6% | 0.33% | +0.04 |
| AVLV Avantis US Large Cap Value | Add +28.8% | 0.16% | +0.04 |
| OPPE Wisdomtree European Opport | Add +30.5% | 0.16% | +0.04 |
| ETN Eaton Corp. PLC | Add +6.2% | 0.26% | +0.04 |
| AMAT Applied Materials Inc. | Add +4.7% | 0.15% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +11.1% | 0.30% | +0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.2% | 0.74% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +74.5% | 0.07% | +0.04 |
| PWR Quanta Services Inc. | Add +7.0% | 0.13% | +0.04 |
| OTF Blue Owl Technology Finance | Add +57.6% | 0.14% | +0.04 |
| FEOE First Eagle Overseas Eq ETF | Add +468.7% | 0.04% | +0.03 |
| PHYS Sprott Physical Gold Trust | Add +215.2% | 0.05% | +0.03 |
| GE General Electric | Add +25.1% | 0.25% | +0.03 |
| CGGO Cap Group Global Growth | Add +25.0% | 0.19% | +0.03 |
| TYL Tyler Technologies Inc. | Add +287.0% | 0.05% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +125.5% | 0.06% | +0.03 |
Notes & Other Activity Q4 2025 → Q1 2026
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Reduce -12.7% | 68,321 | $3.5M |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | Add +0.1% | 16,890 | $118 |
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 |