Essex Financial Services, Inc.

RIA/Wealth

Essex Financial Services, Inc. is a RIA/Wealth based in Essex, CT led by Charles Robert Cumello, reporting $3.8B in AUM as of Q3 2025 with 45% ETF concentration.

CEOCharles Robert Cumello

Portfolio Value: $1.7B
Positions: 736
Top Holding: AAPL at 4.99%
Last Reported: Q3 2025

Address176 Westbrook Road, Essex, CT, 06426, United States

Top Holdings

Largest long holdings in Essex Financial Services, Inc.'s portfolio (24.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Apple AAPL	Consumer Electronics Technology	$82.8M	4.99%	-$625.6K Sold	0.00% 325.4K shares	≤ Q2 2013 Held for 12y 5m+
2 Invesco QQQ Trust QQQ	ETF ETF	$60.0M	3.61%	+$1.8K Bought	— 99.9K shares	≤ Q2 2013 Held for 12y 5m+
3 Microsoft MSFT	Software - Infrastructure Technology	$55.0M	3.31%	-$510.7K Sold	0.00% 106.2K shares	≤ Q2 2013 Held for 12y 5m+
4 VOOG Vanguard S&P 500 Growth VOOG	ETF ETF	$39.7M	2.39%	+$480.7K Bought	— 91.2K shares	Q4 2014 Held for 10y 11m
5 Nvidia NVDA	Semiconductors Technology	$35.0M	2.11%	-$544.1K Sold	0.00% 187.8K shares	Q3 2016 Held for 9y 2m
6 SPDR S&P 500 ETF Trust SPY	ETF ETF	$31.9M	1.92%	-$368.4K Sold	— 47.8K shares	≤ Q2 2013 Held for 12y 5m+
7 GLD SPDR Gold Trust GLD	Unknown Unknown	$29.8M	1.79%	-$1.8M Sold	— 83.8K shares	Q1 2023 Held for 2y 8m
8 Amazon AMZN	Specialty Retail Consumer Cyclical	$27.0M	1.63%	-$29.2K Sold	0.00% 123.1K shares	≤ Q2 2013 Held for 12y 5m+
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$27.0M	1.63%	+$123.5K Bought	0.00% 111.1K shares	≤ Q2 2013 Held for 12y 5m+
10 iShares Core S&P 500 ETF IVV	ETF ETF	$26.1M	1.57%	+$874.8K Bought	— 39.0K shares	Q2 2015 Held for 10y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Essex Financial Services, Inc.'s latest filing

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Market Value

$1.7B

Prior: $1.5B

Q/Q Change

+9.45%

+$143.4M

Net Flows % of MV

+1.31%

Turnover Ratio

3.36%

New Purchases

50 stocks

$13.3M

Added To

337 stocks

+$50.3M

Sold Out Of

20 stocks

$5.8M

Reduced Holdings

267 stocks

-$36.0M

Increased Positions

Position	Shares Δ	Change
1 Fidelity Enhanced Mid Cap FMDE	New	0 → 17.5K +$632.0K
2 MRP Millrose Properties, Inc. MRP	New	0 → 18.6K +$624.8K
3 MRP Morgan Stanley MRP	New	0 → 18.6K +$624.8K
4 Panagram CLOZ	New	0 → 22.5K +$603.2K
5 FETH Fidelity Ethereum Fund FETH	New	0 → 13.4K +$557.4K

Decreased Positions

Position	Shares Δ	Change
1 Easterly Government Properties DEA	Sold	32.1K → 0 −$711.6K
2 American States Water AWR	Sold	7.9K → 0 −$606.5K
3 CoreWeave, Inc. CRWV	Sold	3.6K → 0 −$584.2K
4 Star Bulk Carriers SBLK	Sold	31.8K → 0 −$548.4K
5 Dow DOW	Sold	12.2K → 0 −$322.3K

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Analytics

Portfolio insights and performance metrics for Essex Financial Services, Inc.

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Sector Allocation

ETF

44.90%

Technology

14.70%

Financial Services

7.40%

Industrials

5.70%

Healthcare

4.80%

Consumer Cyclical

4.20%

Communication Services

3.90%

Energy

3.40%

Consumer Defensive

2.70%

Utilities

1.50%

Basic Materials

0.90%

Real Estate

0.60%

Market Cap Distribution

Mega Cap (> $200B)

30.77%

Large Cap ($10B - $200B)

16.34%

Mid Cap ($2B - $10B)

1.10%

Small Cap ($300M - $2B)

1.01%

Micro Cap ($50M - $300M)

0.47%

Nano Cap (< $50M)

0.09%

N/A (ETF or Unknown)

50.22%

Portfolio Concentration

Top 10 Holdings %

24.94%

Top 20 Holdings %

35.51%

Top 50 Holdings %

53.97%

Top 100 Holdings %

68.98%