Waddell & Associates, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Waddell & Associates, LLC reported 150 stock positions worth $822.1 million. Its top holding was State Street SPDR S&P Midcap (MDY) at 9.6% of the portfolio, followed by Schwab Fndmntl US SM Co. ETF (FNDA, 9.3%) and Wisdomtree U.S. Quality Divi (DGRW, 9.1%). Compared with Q2 2024, it opened 14 new positions, sold out of 2, added to 66 and reduced 30. The biggest buy was Schwab Fndmntl US SM Co. ETF (FNDA, shares +2%) and the biggest sale Sprott Physical Gold and Sil (CEF, shares −43%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001776757
Portfolio Value
$822.1M (Q3 2024)
SEC Filing
0001765380-24-000430 ↗ filed Nov 12, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $739.8M Q1 2024 Q2 2024: $760.0M Q2 2024 Q3 2024: $822.1M $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 150 stocks · $822.1M
MDY State Street SPDR S&P Midcap 9.62% 138,769 $79.1M Add +1.7%
FNDA Schwab Fndmntl US SM Co. ETF 9.30% 1,283,090 $76.4M Add +2.3%
DGRW Wisdomtree U.S. Quality Divi 9.10% 899,427 $74.8M Add +2.0%
IOO iShares Global 100 ETF 8.19% 679,014 $67.3M Add +1.7%
VSS Vanguard Ftse All Wo X-US SC 7.49% 488,667 $61.6M Add +4.0%
CAPE Doubleline Shiller Cape US 7.11% 1,973,909 $58.4M Add +1.1%
SCHK Schwab 1000 Index ETF 6.48% 962,726 $53.2M Add +1.4%
IEFA iShares Core MSCI Eafe ETF 5.15% 542,236 $42.3M Add +3.0%
QQQM Invesco Nasdaq 100 ETF 4.59% 187,736 $37.7M Add +1.5%
EWX State Street SPDR S&P Emergi 4.49% 591,997 $36.9M Add +2.6%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 4.11% 374,445 $33.8M Add +3.3%
AVEM Avantis Emerging Markets Eq 3.90% 496,682 $32.1M Add +3.7%
VT Vanguard Tot World STK ETF 1.93% 132,781 $15.9M Reduce -0.9%
AAPL Apple Inc. 1.16% 40,806 $9.5M Add +0.1%
DBND Doubleline Oppor Cor BND-Usd 1.05% 182,249 $8.6M Reduce -1.3%
MSFT Microsoft Corp. 0.77% 14,668 $6.3M Add +1.8%
VLUE iShares MSCI USA Value Facto 0.71% 53,490 $5.8M Reduce -7.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.69% 9,904 $5.7M Reduce -4.9%
BRK.B Berkshire Hathaway Inc. Class B 0.68% 12,212 $5.6M Add +0.5%
LLY Eli Lilly & Co. 0.66% 6,142 $5.4M Reduce -0.1%
CGV Conductor Global Eq Val ETF 0.58% 352,653 $4.8M Add +1.0%
EFA iShares MSCI Eafe ETF 0.44% 43,686 $3.7M No change
VXUS Vanguard Total Intl Stock 0.42% 53,916 $3.5M Reduce -4.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.37% 17,644 $3.1M Reduce -1.3%
WMT Walmart Inc. 0.37% 37,953 $3.1M Add +0.1%
ACWI iShares MSCI Acwi ETF 0.37% 25,518 $3.1M No change
NVDA Nvidia Corp. 0.35% 23,827 $2.9M Add +1.6%
VOO Vanguard S&P 500 ETF 0.34% 5,240 $2.8M Reduce -0.0%
PSLV Sprott Physical Silver Trust 0.32% 254,591 $2.7M Add +46.0%
JPM JPMorgan Chase & Co. 0.30% 11,859 $2.5M Add +0.1%
AZO AutoZone Inc. 0.29% 763 $2.4M Add +11.7%
GOOG Alphabet Inc. Class C 0.27% 13,471 $2.3M Add +1.2%
HD Home Depot Inc. 0.25% 5,103 $2.1M Add +1.3%
IYW iShares Ustechnology ETF 0.24% 13,098 $2.0M No change
PHYS Sprott Physical Gold Trust 0.24% 95,754 $2.0M Reduce -17.1%
PG The Procter & Gamble Co. 0.21% 9,792 $1.7M No change
XOM Exxon Mobil Corp. 0.20% 14,224 $1.7M Add +1.3%
DFAE Dimensional Emerging Core Eq 0.19% 56,747 $1.6M Reduce -3.2%
KO The Coca-Cola Co. 0.18% 20,484 $1.5M Reduce -0.1%
CVX Chevron Corp. 0.17% 9,407 $1.4M Add +4.9%
AFL Aflac Inc. 0.17% 12,185 $1.4M Add +0.5%
META Meta Platforms Inc. Class A 0.16% 2,344 $1.3M Reduce -1.1%
ORCL Oracle Corp. 0.16% 7,737 $1.3M Add +2.8%
WST West Pharmaceutical Services 0.14% 3,900 $1.2M No change
CEF Sprott Physical Gold and Sil 0.14% 46,165 $1.1M Reduce -43.0%
PSA Public Storage 0.13% 3,004 $1.1M Add +2.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.13% 19,709 $1.1M Add +0.5%
GOOGL Alphabet Inc. Class A 0.13% 6,459 $1.1M Reduce -0.6%
WTAI Wisdomtree AI and Innovation 0.13% 53,171 $1.1M Add +10.0%
ARTY iShares Future AI & Tech ETF 0.13% 30,710 $1.1M Add +10.9%
FDX FedEx Corp. 0.12% 3,735 $1.0M Reduce -9.3%
JNJ Johnson & Johnson 0.12% 6,166 $999K Add +3.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 4,461 $986K Add +7.4%
AMZN Amazon.com Inc. 0.11% 4,942 $921K Add +7.7%
NFLX Netflix Inc. 0.11% 1,290 $915K Reduce -1.4%
ALL Allstate Corp. 0.11% 4,700 $891K Reduce -0.5%
ISCF iShares International Small 0.11% 24,679 $870K Add +0.3%
CL Colgate-Palmolive Co. 0.11% 8,356 $867K No change
MRK Merck & Co. Inc. 0.10% 7,288 $828K Reduce -0.6%
RF Regions Financial Corp. 0.10% 35,461 $827K Add +13.6%
V Visa Inc. Class A 0.10% 2,961 $814K No change
QQQ Invesco QQQ Trust Series 1 0.10% 1,633 $797K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.09% 18,346 $762K Reduce -1.3%
PFE Pfizer Inc. 0.09% 24,978 $723K Add +1.6%
PEP Pepsico Inc. 0.09% 4,213 $716K Add +0.1%
COHR Coherent Corp. 0.08% 7,150 $636K No change
EW Edwards Lifesciences Corp. 0.08% 9,515 $628K Add +0.8%
USMV iShares MSCI USA Min Vol Fac 0.08% 6,805 $621K Reduce -0.7%
GSIE Goldman Sachs Activebeta Int 0.07% 17,039 $616K No change
EEM iShares MSCI Emerging Market 0.07% 12,949 $594K No change
UNH Unitedhealth Group Inc. 0.07% 1,005 $588K No change
PGR Progressive Corp. 0.07% 2,309 $586K No change
ORLY O'reilly Automotive Inc. 0.07% 492 $567K No change
AXP American Express Co. 0.07% 2,036 $552K No change
CSCO Cisco Systems Inc. 0.06% 9,898 $527K Add +0.1%
QUAL iShares MSCI USA Quality Fac 0.06% 2,828 $507K Reduce -3.1%
DELL Dell Technologies -C 0.06% 4,164 $494K Add +13.7%
ACN Accenture PLC Class A 0.06% 1,368 $484K Add +11.8%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.06% 4,526 $475K Add +23.9%
UNP Union Pacific Corp. 0.06% 1,897 $468K Reduce -0.1%
BKNG Booking Holdings Inc. 0.06% 111 $468K No change
PPI Astoria Real Assets ETF 0.06% 30,098 $467K No change
AMAT Applied Materials Inc. 0.06% 2,265 $458K No change
GS Goldman Sachs Group Inc. 0.05% 896 $444K Add +2.0%
GD General Dynamics Corp. 0.05% 1,457 $440K Add +22.1%
DUK Duke Energy Corp. 0.05% 3,761 $434K Add +0.2%
LPX Louisiana-Pacific Corp. 0.05% 4,000 $430K No change
PTMC Pacer Trendpilot US Mid Cap 0.05% 11,270 $418K No change
NEM Newmont Corp. 0.05% 7,773 $415K Add +16.6%
CRM Salesforce Inc. 0.05% 1,507 $412K Reduce -1.1%
SPGI S&P Global Inc. 0.05% 797 $412K No change
ELV Elevance Health Inc. 0.05% 789 $410K No change
WFC Wells Fargo & Co. 0.05% 7,153 $404K Add +0.1%
VEU Vanguard Ftse All-World Ex-U 0.05% 6,400 $403K No change
ABBV Abbvie Inc. 0.05% 2,022 $399K Add +3.4%
SYY Sysco Corp. 0.05% 5,112 $399K Reduce -5.0%
ES Eversource Energy 0.05% 5,630 $383K Add +36.3%
INTC Intel Corp. 0.05% 16,107 $378K Add +0.4%
T AT&T Inc. 0.05% 16,982 $374K Add +0.7%
LOAN Manhattan Bridge Capital Inc. 0.04% 64,200 $358K Reduce -16.8%
AVGO Broadcom Inc. 0.04% 2,061 $355K Add +0.5%
PWZ Invesco California Amt-Free 0.04% 14,125 $354K No change
VRT Vertiv Holdings Co. Class A 0.04% 3,559 $354K New
EQIX Equinix Inc. 0.04% 396 $352K Add +8.5%
MPC Marathon Petroleum Corp. 0.04% 2,132 $347K No change
BKR Baker Hughes Co. 0.04% 9,494 $343K No change
GLOF iShares Global Equity Factor 0.04% 7,533 $337K Reduce -2.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,457 $332K Add +8.3%
MCD McDonald's Corp. 0.04% 1,081 $329K Reduce -7.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,272 $328K Add +3.8%
MDLZ Mondelez International Inc. Class A 0.04% 4,426 $326K Reduce -6.5%
CAMX Cambiar Aggressive Value ETF 0.04% 10,804 $325K No change
MS Morgan Stanley 0.04% 3,112 $324K Reduce -2.1%
HUBB Hubbell Inc. 0.04% 740 $317K New
DLR Digital Realty Trust Inc. 0.04% 1,956 $317K New
CHAT Roundhill Gen AI & Tech ETF 0.04% 8,385 $314K New
BDX Becton Dickinson and Co. 0.04% 1,295 $312K Add +0.1%
SBUX Starbucks Corp. 0.04% 3,153 $307K Reduce -1.9%
QCOM Qualcomm Inc. 0.04% 1,776 $302K Add +0.1%
FMHI First Trust Municipal High I 0.04% 5,920 $292K No change
MAA Mid-America Apartment Comm 0.04% 1,840 $292K Add +0.2%
HLT Hilton Worldwide Holdings Inc. 0.04% 1,263 $291K No change
YUM Yum! Brands Inc. 0.04% 2,075 $290K No change
SYK Stryker Corp. 0.04% 797 $288K No change
FBTC Fidelity Wise Origin Bitcoin 0.03% 5,082 $282K New
KMB Kimberly-Clark Corp. 0.03% 1,978 $281K No change
LOW Lowe's Cos Inc. 0.03% 1,036 $280K Add +8.6%
CMI Cummins Inc. 0.03% 842 $273K No change
NVT Nvent Electric PLC 0.03% 3,867 $272K New
FTNT Fortinet Inc. 0.03% 3,500 $271K No change
DFAC Dimensional US Core Equity 2 0.03% 7,840 $269K No change
SCHW Schwab (charles) Corp. 0.03% 4,140 $268K Add +0.8%
MAR Marriott International Class A 0.03% 1,053 $262K No change
CCOR Core Alternative ETF 0.03% 9,490 $260K No change
PLTR Palantir Technologies Inc. Class A 0.03% 6,860 $255K New
MNST Monster Beverage Corp. 0.03% 4,849 $253K No change
MOAT Vaneck Morningstar Wide Moat 0.03% 2,538 $246K Add +4.9%
TFC Truist Financial Corp. 0.03% 5,751 $246K New
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 0.03% 3,000 $241K No change
MU Micron Technology Inc. 0.03% 2,263 $235K Add +0.1%
PM Philip Morris International 0.03% 1,895 $230K New
CLSK Cleanspark Inc. 0.03% 23,725 $222K New
VWO Vanguard Ftse Emerging Marke 0.03% 4,589 $220K New
AON Aon PLC Class A 0.03% 629 $218K New
TXT Textron Inc. 0.03% 2,400 $213K No change
ABT Abbott Laboratories 0.03% 1,862 $212K New
COST Costco Wholesale Corp. 0.03% 235 $209K New
CRT Cross Timbers Royalty Trust 0.02% 14,020 $147K Add +1.8%
OXFORD LANE CAP CORP 0.02% 23,916 $125K Add +4.2%
ECC Eagle Point Credit Co. 0.01% 10,896 $107K Add +3.7%

Portfolio Sells Q2 2024 → Q3 2024
CEF Sprott Physical Gold and Sil Reduce -43.0% 0.14% −0.10
VLUE iShares MSCI USA Value Facto Reduce -7.8% 0.71% −0.08
LLY Eli Lilly & Co. Reduce -0.1% 0.66% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.9% 0.69% −0.05
VT Vanguard Tot World STK ETF Reduce -0.9% 1.93% −0.05
DBND Doubleline Oppor Cor BND-Usd Reduce -1.3% 1.05% −0.05
GUNR NT Mstar GLBL NR ETF Sold out 0.00% −0.04
FDX FedEx Corp. Reduce -9.3% 0.12% −0.04
PHYS Sprott Physical Gold Trust Reduce -17.1% 0.24% −0.04
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.03
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.13% −0.03
VXUS Vanguard Total Intl Stock Reduce -4.0% 0.42% −0.02
MRK Merck & Co. Inc. Reduce -0.6% 0.10% −0.02
DFAE Dimensional Emerging Core Eq Reduce -3.2% 0.19% −0.01
VOO Vanguard S&P 500 ETF Reduce -0.0% 0.34% −0.01
NFLX Netflix Inc. Reduce -1.4% 0.11% −0.00
QUAL iShares MSCI USA Quality Fac Reduce -3.1% 0.06% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.3% 0.37% −0.00
GLOF iShares Global Equity Factor Reduce -2.8% 0.04% −0.00
SYY Sysco Corp. Reduce -5.0% 0.05% −0.00
CRM Salesforce Inc. Reduce -1.1% 0.05% −0.00
MS Morgan Stanley Reduce -2.1% 0.04% −0.00
MDLZ Mondelez International Inc. Class A Reduce -6.5% 0.04% −0.00
PRFZ Inv Rafi US 1500 SM-Usd Inc. Reduce -1.3% 0.09% −0.00
USMV iShares MSCI USA Min Vol Fac Reduce -0.7% 0.08% −0.00
UNP Union Pacific Corp. Reduce -0.1% 0.06% +0.00
MCD McDonald's Corp. Reduce -7.7% 0.04% +0.00
SBUX Starbucks Corp. Reduce -1.9% 0.04% +0.00
META Meta Platforms Inc. Class A Reduce -1.1% 0.16% +0.01
KO The Coca-Cola Co. Reduce -0.1% 0.18% +0.01
ALL Allstate Corp. Reduce -0.5% 0.11% +0.01
LOAN Manhattan Bridge Capital Inc. Reduce -16.8% 0.04% +0.03

Portfolio Buys Q2 2024 → Q3 2024
FNDA Schwab Fndmntl US SM Co. ETF Add +2.3% 9.30% +0.24
VSS Vanguard Ftse All Wo X-US SC Add +4.0% 7.49% +0.23
IEFA iShares Core MSCI Eafe ETF Add +3.0% 5.15% +0.12
PSLV Sprott Physical Silver Trust Add +46.0% 0.32% +0.10
EWX State Street SPDR S&P Emergi Add +2.6% 4.49% +0.09
AVEM Avantis Emerging Markets Eq Add +3.7% 3.90% +0.05
DGRW Wisdomtree U.S. Quality Divi Add +2.0% 9.10% +0.05
VRT Vertiv Holdings Co. Class A New 0.04% +0.04
HUBB Hubbell Inc. New 0.04% +0.04
DLR Digital Realty Trust Inc. New 0.04% +0.04
CHAT Roundhill Gen AI & Tech ETF New 0.04% +0.04
WMT Walmart Inc. Add +0.1% 0.37% +0.04
FBTC Fidelity Wise Origin Bitcoin New 0.03% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 0.68% +0.03
NVT Nvent Electric PLC New 0.03% +0.03
PLTR Palantir Technologies Inc. Class A New 0.03% +0.03
TFC Truist Financial Corp. New 0.03% +0.03
PM Philip Morris International New 0.03% +0.03
CLSK Cleanspark Inc. New 0.03% +0.03
AAPL Apple Inc. Add +0.1% 1.16% +0.03
VWO Vanguard Ftse Emerging Marke New 0.03% +0.03
AON Aon PLC Class A New 0.03% +0.03
AZO AutoZone Inc. Add +11.7% 0.29% +0.03
ABT Abbott Laboratories New 0.03% +0.03
IBM Intl Business Machines Corp. Add +7.4% 0.12% +0.03
COST Costco Wholesale Corp. New 0.03% +0.03
HD Home Depot Inc. Add +1.3% 0.25% +0.02
AFL Aflac Inc. Add +0.5% 0.17% +0.02
PSA Public Storage Add +2.4% 0.13% +0.02
ORCL Oracle Corp. Add +2.8% 0.16% +0.02
RF Regions Financial Corp. Add +13.6% 0.10% +0.02
ES Eversource Energy Add +36.3% 0.05% +0.02
NEM Newmont Corp. Add +16.6% 0.05% +0.01
MDY State Street SPDR S&P Midcap Add +1.7% 9.62% +0.01
IFF Intl Flavors & Fragrances Add +23.9% 0.06% +0.01
ACN Accenture PLC Class A Add +11.8% 0.06% +0.01
GD General Dynamics Corp. Add +22.1% 0.05% +0.01
JNJ Johnson & Johnson Add +3.8% 0.12% +0.01
ARTY iShares Future AI & Tech ETF Add +10.9% 0.13% +0.01
EQIX Equinix Inc. Add +8.5% 0.04% +0.01
LOW Lowe's Cos Inc. Add +8.6% 0.03% +0.01
ABBV Abbvie Inc. Add +3.4% 0.05% +0.00
DUK Duke Energy Corp. Add +0.2% 0.05% +0.00
T AT&T Inc. Add +0.7% 0.05% +0.00
MOAT Vaneck Morningstar Wide Moat Add +4.9% 0.03% +0.00
CSCO Cisco Systems Inc. Add +0.1% 0.06% +0.00
GS Goldman Sachs Group Inc. Add +2.0% 0.05% +0.00
ISCF iShares International Small Add +0.3% 0.11% +0.00
MAA Mid-America Apartment Comm Add +0.2% 0.04% +0.00
AVGO Broadcom Inc. Add +0.5% 0.04% −0.00

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