Waddell & Associates, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Waddell & Associates, LLC reported 140 stock positions worth $739.8 million. Its top holding was State Street SPDR S&P Midcap (MDY) at 10.1% of the portfolio, followed by Schwab Fndmntl US SM Co. ETF (FNDA, 9.5%) and Wisdomtree U.S. Quality Divi (DGRW, 8.9%). Compared with Q4 2023, it opened 9 new positions, sold out of 16, added to 29 and reduced 64. The biggest buy was iShares Global 100 ETF (IOO, shares +2%) and the biggest sale FedEx (FDX, shares −96%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001776757
Portfolio Value
$739.8M (Q1 2024)
SEC Filing
0001765380-24-000195 ↗ filed May 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $739.8M $739.8M Q1 2024 Q2 2024: $760.0M Q2 2024 Q3 2024: $822.1M Q3 2024 Q4 2024: $981.0M Q4 2024 Q1 2025: $823.6M Q1 2025 Q2 2025: $936.8M Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.8B Q1 2026 Q2 2026: $2.0B Q2 2026

Holdings 140 stocks · $739.8M
MDY State Street SPDR S&P Midcap 10.14% 134,867 $75.0M Reduce -1.8%
FNDA Schwab Fndmntl US SM Co. ETF 9.48% 1,230,225 $70.2M Reduce -1.6%
DGRW Wisdomtree U.S. Quality Divi 8.95% 868,986 $66.2M Reduce -0.2%
IOO iShares Global 100 ETF 8.03% 664,155 $59.4M Add +2.5%
CAPE Doubleline Shiller Cape US 7.40% 1,953,979 $54.7M Reduce -2.5%
VSS Vanguard Ftse All Wo X-US SC 7.20% 455,945 $53.3M Add +2.0%
SCHK Schwab 1000 Index ETF 6.51% 949,876 $48.1M Reduce -2.6%
IEFA iShares Core MSCI Eafe ETF 5.22% 520,754 $38.7M Reduce -1.3%
QQQM Invesco Nasdaq 100 ETF 4.55% 184,246 $33.7M Reduce -2.6%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 4.31% 357,853 $31.9M Add +0.8%
EWX State Street SPDR S&P Emergi 4.28% 567,447 $31.7M Reduce -0.3%
AVEM Avantis Emerging Markets Eq 3.66% 467,540 $27.1M Add +2.9%
VT Vanguard Tot World STK ETF 2.00% 134,209 $14.8M Reduce -14.8%
DBND Doubleline Oppor Cor BND-Usd 1.14% 183,409 $8.4M Reduce -0.5%
VLUE iShares MSCI USA Value Facto 0.88% 59,863 $6.5M Reduce -16.0%
AAPL Apple Inc. 0.86% 37,109 $6.4M Add +1.6%
MSFT Microsoft Corp. 0.82% 14,485 $6.1M Reduce -6.3%
BRK.B Berkshire Hathaway Inc. Class B 0.69% 12,157 $5.1M Reduce -4.2%
CGV Conductor Global Eq Val ETF 0.67% 372,782 $4.9M Reduce -34.5%
LLY Eli Lilly & Co. 0.65% 6,140 $4.8M Add +7.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.58% 8,241 $4.3M Reduce -27.7%
EFA iShares MSCI Eafe ETF 0.47% 43,731 $3.5M Reduce -6.2%
VXUS Vanguard Total Intl Stock 0.46% 56,360 $3.4M Reduce -17.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.39% 17,667 $2.9M Reduce -5.3%
ACWI iShares MSCI Acwi ETF 0.38% 25,600 $2.8M Reduce -2.0%
VOO Vanguard S&P 500 ETF 0.34% 5,270 $2.5M Add +3.5%
JPM JPMorgan Chase & Co. 0.32% 11,649 $2.3M Add +1.8%
WMT Walmart Inc. 0.31% 37,783 $2.3M Add +0.7%
AZO AutoZone Inc. 0.28% 665 $2.1M No change
GOOG Alphabet Inc. Class C 0.27% 12,989 $2.0M No change
HD Home Depot Inc. 0.26% 4,965 $1.9M Reduce -7.4%
PHYS Sprott Physical Gold Trust 0.25% 107,649 $1.9M No change
IYW iShares Ustechnology ETF 0.24% 13,090 $1.8M No change
CEF Sprott Physical Gold and Sil 0.22% 81,306 $1.7M Reduce -9.5%
XOM Exxon Mobil Corp. 0.22% 13,964 $1.6M Reduce -4.7%
PG The Procter & Gamble Co. 0.21% 9,786 $1.6M Reduce -5.4%
PSLV Sprott Physical Silver Trust 0.21% 187,461 $1.6M Reduce -9.6%
WST West Pharmaceutical Services 0.21% 3,900 $1.5M No change
DFAE Dimensional Emerging Core Eq 0.20% 59,022 $1.5M Reduce -34.1%
CVX Chevron Corp. 0.19% 9,074 $1.4M Reduce -6.8%
NVDA Nvidia Corp. 0.19% 1,568 $1.4M Add +8.8%
KO The Coca-Cola Co. 0.17% 20,187 $1.2M Reduce -13.6%
FDX FedEx Corp. 0.16% 4,147 $1.2M Reduce -96.3%
META Meta Platforms Inc. Class A 0.15% 2,325 $1.1M Add +2.2%
SPMD SS SPDR P S&P 400 Midcap ETF 0.14% 19,999 $1.1M Reduce -8.4%
AFL Aflac Inc. 0.14% 12,064 $1.0M Add +0.6%
WTAI Wisdomtree AI and Innovation 0.14% 49,128 $1.0M No change
MRK Merck & Co. Inc. 0.13% 7,327 $967K Reduce -12.2%
ARTY iShares Future AI & Tech ETF 0.13% 28,091 $965K No change
GOOGL Alphabet Inc. Class A 0.13% 6,360 $960K Add +2.5%
CCOR Core Alternative ETF 0.13% 35,490 $939K No change
ORCL Oracle Corp. 0.12% 7,268 $913K Reduce -7.7%
JNJ Johnson & Johnson 0.12% 5,598 $886K Reduce -1.4%
V Visa Inc. Class A 0.11% 2,965 $827K Add +1.8%
EW Edwards Lifesciences Corp. 0.11% 8,555 $818K Reduce -26.5%
ISCF iShares International Small 0.11% 24,702 $815K Reduce -7.9%
ALL Allstate Corp. 0.11% 4,620 $799K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 4,140 $791K Add +6.7%
NFLX Netflix Inc. 0.11% 1,284 $780K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.10% 19,609 $770K Reduce -17.3%
CL Colgate-Palmolive Co. 0.10% 8,356 $752K No change
PEP Pepsico Inc. 0.10% 4,217 $738K Reduce -1.5%
QQQ Invesco QQQ Trust Series 1 0.10% 1,633 $725K Reduce -19.8%
INTC Intel Corp. 0.10% 16,267 $719K Reduce -0.5%
AMZN Amazon.com Inc. 0.10% 3,943 $711K Add +0.9%
RF Regions Financial Corp. 0.09% 30,163 $635K Reduce -0.3%
SYK Stryker Corp. 0.09% 1,760 $630K Reduce -0.2%
GSIE Goldman Sachs Activebeta Int 0.08% 17,039 $584K No change
USMV iShares MSCI USA Min Vol Fac 0.08% 6,953 $581K Reduce -1.8%
ORLY O'reilly Automotive Inc. 0.08% 492 $555K No change
PSA Public Storage 0.07% 1,907 $553K Add +0.7%
EEM iShares MSCI Emerging Market 0.07% 12,949 $532K Reduce -3.3%
CSCO Cisco Systems Inc. 0.07% 9,696 $484K Reduce -21.1%
PGR Progressive Corp. 0.06% 2,309 $478K No change
UNH Unitedhealth Group Inc. 0.06% 955 $473K Reduce -41.6%
AMAT Applied Materials Inc. 0.06% 2,251 $464K Reduce -0.1%
AXP American Express Co. 0.06% 2,036 $464K Add +0.1%
UNP Union Pacific Corp. 0.06% 1,873 $461K Add +0.1%
CRM Salesforce Inc. 0.06% 1,477 $445K Add +1.7%
COHR Coherent Corp. 0.06% 7,150 $433K No change
MPC Marathon Petroleum Corp. 0.06% 2,132 $430K No change
ACN Accenture PLC Class A 0.06% 1,216 $421K No change
ELV Elevance Health Inc. 0.06% 789 $409K No change
SYY Sysco Corp. 0.05% 5,004 $406K Reduce -14.7%
PTMC Pacer Trendpilot US Mid Cap 0.05% 11,270 $406K Add +2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 3,160 $387K Add +17.2%
BKNG Booking Holdings Inc. 0.05% 106 $385K No change
WFC Wells Fargo & Co. 0.05% 6,544 $379K Reduce -15.4%
VEU Vanguard Ftse All-World Ex-U 0.05% 6,400 $375K No change
GS Goldman Sachs Group Inc. 0.05% 890 $372K Add +2.6%
FBTC Fidelity Wise Origin Bitcoin 0.05% 5,980 $371K New
PFE Pfizer Inc. 0.05% 13,043 $362K Reduce -37.0%
DUK Duke Energy Corp. 0.05% 3,654 $353K Reduce -22.2%
QUAL iShares MSCI USA Quality Fac 0.05% 2,145 $353K Reduce -2.7%
PWZ Invesco California Amt-Free 0.05% 14,125 $351K No change
BA The Boeing Co. 0.05% 1,788 $345K No change
ABBV Abbvie Inc. 0.05% 1,880 $342K Reduce -51.4%
SPGI S&P Global Inc. 0.05% 797 $339K No change
LPX Louisiana-Pacific Corp. 0.05% 4,000 $336K No change
GLOF iShares Global Equity Factor 0.04% 7,753 $320K No change
LYB Lyondellbasell Indu Class A 0.04% 3,121 $319K No change
MDLZ Mondelez International Inc. Class A 0.04% 4,560 $319K No change
BDX Becton Dickinson and Co. 0.04% 1,289 $319K Reduce -0.5%
BKR Baker Hughes Co. 0.04% 9,484 $318K Reduce -2.1%
CAMX Cambiar Aggressive Value ETF 0.04% 10,804 $316K Reduce -1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,324 $316K Reduce -41.5%
FMHI First Trust Municipal High I 0.04% 6,520 $314K No change
T AT&T Inc. 0.04% 17,838 $314K Reduce -0.7%
NOC Northrop Grumman Corp. 0.04% 638 $305K Reduce -13.6%
PLD Prologis Inc. 0.04% 2,317 $302K No change
EQIX Equinix Inc. 0.04% 365 $301K No change
SCHW Schwab (charles) Corp. 0.04% 4,028 $291K Add +3.3%
YUM Yum! Brands Inc. 0.04% 2,075 $288K Add +0.1%
MNST Monster Beverage Corp. 0.04% 4,849 $287K No change
MS Morgan Stanley 0.04% 3,035 $286K Add +0.5%
SBUX Starbucks Corp. 0.04% 3,116 $285K Add +0.9%
MU Micron Technology Inc. 0.04% 2,384 $281K New
MCD McDonald's Corp. 0.04% 993 $280K Reduce -9.7%
QCOM Qualcomm Inc. 0.04% 1,613 $273K Reduce -0.1%
HLT Hilton Worldwide Holdings Inc. 0.04% 1,263 $269K No change
MAR Marriott International Class A 0.04% 1,053 $266K Add +0.1%
LOW Lowe's Cos Inc. 0.03% 991 $253K New
KMB Kimberly-Clark Corp. 0.03% 1,948 $252K No change
DFAC Dimensional US Core Equity 2 0.03% 7,840 $250K No change
CMI Cummins Inc. 0.03% 842 $248K No change
ES Eversource Energy 0.03% 4,150 $248K No change
MAA Mid-America Apartment Comm 0.03% 1,833 $241K Reduce -45.2%
AVGO Broadcom Inc. 0.03% 181 $240K Reduce -66.0%
NEM Newmont Corp. 0.03% 6,682 $239K Reduce -34.1%
FTNT Fortinet Inc. 0.03% 3,500 $239K No change
COP Conocophillips 0.03% 1,812 $231K New
TXT Textron Inc. 0.03% 2,400 $230K New
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 0.03% 3,000 $228K No change
MOAT Vaneck Morningstar Wide Moat 0.03% 2,410 $217K Reduce -35.0%
AON Aon PLC Class A 0.03% 629 $210K New
CRT Cross Timbers Royalty Trust 0.03% 14,658 $191K Add +2.0%
FHN First Horizon Corp. 0.02% 10,199 $157K Reduce -66.0%
OXFORD LANE CAP CORP 0.01% 21,856 $111K New
ECC Eagle Point Credit Co. 0.01% 10,644 $108K New
LOAN Manhattan Bridge Capital Inc. 0.01% 74,257 $74K New

Portfolio Sells Q4 2023 → Q1 2024
FDX FedEx Corp. Reduce -96.3% 0.16% −3.87
CGV Conductor Global Eq Val ETF Reduce -34.5% 0.67% −0.36
VT Vanguard Tot World STK ETF Reduce -14.8% 2.00% −0.17
SPY SS SPDR S&P 500 ETF Trust-US Reduce -27.7% 0.58% −0.15
BX Blackstone Inc. Sold out 0.00% −0.10
VLUE iShares MSCI USA Value Facto Reduce -16.0% 0.88% −0.09
DFAE Dimensional Emerging Core Eq Reduce -34.1% 0.20% −0.09
VXUS Vanguard Total Intl Stock Reduce -17.2% 0.46% −0.07
UNH Unitedhealth Group Inc. Reduce -41.6% 0.06% −0.05
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.05
STIP iShares 0-5 Year Tips Bond E Sold out 0.00% −0.05
AVGO Broadcom Inc. Reduce -66.0% 0.03% −0.05
EWX State Street SPDR S&P Emergi Reduce -0.3% 4.28% −0.04
SPG Simon Property Group Inc. Sold out 0.00% −0.04
VZ Verizon Communications Inc. Sold out 0.00% −0.04
FHN First Horizon Corp. Reduce -66.0% 0.02% −0.04
STAG Stag Industrial Inc. Sold out 0.00% −0.04
ABBV Abbvie Inc. Reduce -51.4% 0.05% −0.03
KHC The Kraft Heinz Co. Sold out 0.00% −0.03
AMLP Alerian MLP ETF Sold out 0.00% −0.03
KMI Kinder Morgan Inc. Sold out 0.00% −0.03
PSX Phillips 66 Sold out 0.00% −0.03
PFE Pfizer Inc. Reduce -37.0% 0.05% −0.03
EMLC Vaneck JPM Em Local Curr BND Sold out 0.00% −0.03
JMHI JPMorgan High Yield Municpl Sold out 0.00% −0.03
BIIB Biogen Inc. Sold out 0.00% −0.03
ABT Abbott Laboratories Sold out 0.00% −0.03
AMCR Amcor PLC Sold out 0.00% −0.03
MAA Mid-America Apartment Comm Reduce -45.2% 0.03% −0.03
PHYSICIANS REALTY TRUST Sold out 0.00% −0.03
NEM Newmont Corp. Reduce -34.1% 0.03% −0.03
BAC Bank of America Corp. Reduce -41.5% 0.04% −0.02
CSCO Cisco Systems Inc. Reduce -21.1% 0.07% −0.02
KO The Coca-Cola Co. Reduce -13.6% 0.17% −0.02
PRFZ Inv Rafi US 1500 SM-Usd Inc. Reduce -17.3% 0.10% −0.02
PSLV Sprott Physical Silver Trust Reduce -9.6% 0.21% −0.02
INTC Intel Corp. Reduce -0.5% 0.10% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -19.8% 0.10% −0.01
DUK Duke Energy Corp. Reduce -22.2% 0.05% −0.01
MOAT Vaneck Morningstar Wide Moat Reduce -35.0% 0.03% −0.01
DBND Doubleline Oppor Cor BND-Usd Reduce -0.5% 1.14% −0.01
EW Edwards Lifesciences Corp. Reduce -26.5% 0.11% −0.01
CEF Sprott Physical Gold and Sil Reduce -9.5% 0.22% −0.01
MCD McDonald's Corp. Reduce -9.7% 0.04% −0.01
ISCF iShares International Small Reduce -7.9% 0.11% −0.01
NOC Northrop Grumman Corp. Reduce -13.6% 0.04% −0.00
SYY Sysco Corp. Reduce -14.7% 0.05% −0.00
CVX Chevron Corp. Reduce -6.8% 0.19% −0.00
BKR Baker Hughes Co. Reduce -2.1% 0.04% −0.00
EEM iShares MSCI Emerging Market Reduce -3.3% 0.07% −0.00

Portfolio Buys Q4 2023 → Q1 2024
IOO iShares Global 100 ETF Add +2.5% 8.03% +1.01
VSS Vanguard Ftse All Wo X-US SC Add +2.0% 7.20% +0.29
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd Add +0.8% 4.31% +0.27
AVEM Avantis Emerging Markets Eq Add +2.9% 3.66% +0.22
LLY Eli Lilly & Co. Add +7.7% 0.65% +0.20
NVDA Nvidia Corp. Add +8.8% 0.19% +0.09
JPM JPMorgan Chase & Co. Add +1.8% 0.32% +0.05
FBTC Fidelity Wise Origin Bitcoin New 0.05% +0.05
WMT Walmart Inc. Add +0.7% 0.31% +0.05
META Meta Platforms Inc. Class A Add +2.2% 0.15% +0.04
VOO Vanguard S&P 500 ETF Add +3.5% 0.34% +0.04
MU Micron Technology Inc. New 0.04% +0.04
LOW Lowe's Cos Inc. New 0.03% +0.03
COP Conocophillips New 0.03% +0.03
TXT Textron Inc. New 0.03% +0.03
AON Aon PLC Class A New 0.03% +0.03
IBM Intl Business Machines Corp. Add +6.7% 0.11% +0.02
DIS The Walt Disney Co. Add +17.2% 0.05% +0.02
AMZN Amazon.com Inc. Add +0.9% 0.10% +0.02
OXFORD LANE CAP CORP New 0.01% +0.01
GOOGL Alphabet Inc. Class A Add +2.5% 0.13% +0.01
ECC Eagle Point Credit Co. New 0.01% +0.01
AXP American Express Co. Add +0.1% 0.06% +0.01
V Visa Inc. Class A Add +1.8% 0.11% +0.01
LOAN Manhattan Bridge Capital Inc. New 0.01% +0.01
CRM Salesforce Inc. Add +1.7% 0.06% +0.01
AFL Aflac Inc. Add +0.6% 0.14% +0.01
PTMC Pacer Trendpilot US Mid Cap Add +2.0% 0.05% +0.01
GS Goldman Sachs Group Inc. Add +2.6% 0.05% +0.01
MAR Marriott International Class A Add +0.1% 0.04% +0.00
SCHW Schwab (charles) Corp. Add +3.3% 0.04% +0.00
YUM Yum! Brands Inc. Add +0.1% 0.04% +0.00
UNP Union Pacific Corp. Add +0.1% 0.06% +0.00
MS Morgan Stanley Add +0.5% 0.04% −0.00
SBUX Starbucks Corp. Add +0.9% 0.04% −0.00
PSA Public Storage Add +0.7% 0.07% −0.00
CRT Cross Timbers Royalty Trust Add +2.0% 0.03% −0.01
AAPL Apple Inc. Add +1.6% 0.86% −0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 543$2.0BFDX, PAVE, FNDA, MDY, FDXF
Q1 2026 449$1.8BFDX, PAVE, GCOW, MDY, FNDA
Q4 2025 379$1.5BFDX, PAVE, MDY, FNDA, DGRW
Q3 2025 325$1.2BFDX, PAVE, MDY, DGRW, FNDA
Q2 2025 243$936.8MMDY, PAVE, DGRW, FNDA, AUSF
Q1 2025Amended 159$823.6MMDY, DGRW, FNDA, WELD, AUSF
Q4 2024Amended 154$981.0MRCAT, MDY, FNDA, DGRW, IOO
Q3 2024 150$822.1MMDY, FNDA, DGRW, IOO, VSS
Q2 2024 138$760.0MMDY, FNDA, DGRW, IOO, VSS
Q1 2024 140$739.8MMDY, FNDA, DGRW, IOO, CAPE