MML INVESTORS SERVICES, LLC

RIA/Wealth

MML INVESTORS SERVICES, LLC is a RIA/Wealth based in Springfield, MA led by Vaughn Charles Bowman, reporting $90.0B in AUM as of Q3 2025 with 62% ETF concentration.

CEOVaughn Charles Bowman

Portfolio Value: $36.7B
Positions: 2,833
Top Holding: IVV at 3.24%
Last Reported: Q3 2025

Address1295 State Street, Springfield, MA, 01111-0001, United States

Top Holdings

Largest long holdings in MML INVESTORS SERVICES, LLC's portfolio (16.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$1.2B	3.24%	-$135.6M Sold	— 1.8M shares	Q4 2015 Held for 9y 11m
2 Nvidia NVDA	Semiconductors Technology	$686.3M	1.87%	+$8.8M Bought	0.02% 3.7M shares	Q2 2017 Held for 8y 5m
3 Microsoft MSFT	Software - Infrastructure Technology	$681.9M	1.86%	+$11.4M Bought	0.02% 1.3M shares	Q1 2017 Held for 8y 8m
4 Apple AAPL	Consumer Electronics Technology	$668.0M	1.82%	+$15.6M Bought	0.02% 2.6M shares	Q1 2017 Held for 8y 8m
5 Invesco QQQ Trust QQQ	ETF ETF	$535.7M	1.46%	-$31.0M Sold	— 892.3K shares	Q2 2015 Held for 10y 5m
6 iShares MSCI USA Quality Factor QUAL	ETF ETF	$485.2M	1.32%	-$186.7M Sold	— 2.5M shares	Q2 2017 Held for 8y 5m
7 Amazon AMZN	Specialty Retail Consumer Cyclical	$480.4M	1.31%	+$7.6M Bought	0.02% 2.2M shares	Q1 2017 Held for 8y 8m
8 SPDR S&P 500 ETF Trust SPY	ETF ETF	$468.6M	1.28%	+$9.3M Bought	— 703.4K shares	Q2 2015 Held for 10y 5m
9 Vanguard S&P 500 ETF VOO	ETF ETF	$463.5M	1.26%	+$18.3M Bought	— 756.8K shares	Q1 2017 Held for 8y 8m
10 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$452.7M	1.23%	+$61.7M Bought	— 7.6M shares	Q1 2020 Held for 5y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MML INVESTORS SERVICES, LLC's latest filing

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Market Value

$36.7B

Prior: $32.6B

Q/Q Change

+12.6%

+$4.1B

Net Flows % of MV

+5.51%

Turnover Ratio

8.47%

New Purchases

477 stocks

$2.2B

Added To

1,388 stocks

+$2.1B

Sold Out Of

129 stocks

$100.2M

Reduced Holdings

1,234 stocks

-$2.1B

Increased Positions

Position	Shares Δ	Change
1 GLD SPDR Gold Trust GLD	New	0 → 436.3K +$155.1M
2 IAU iShares Gold Trust IAU	New	0 → 2.0M +$146.1M
3 THRO Theron Resource Group THRO	New	0 → 3.8M +$145.3M
4 Vanguard Dividend Appreciation VIG	New	0 → 585.3K +$126.3M
5 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 431.4K +$120.5M

Decreased Positions

Position	Shares Δ	Change
1 PSMO Pacer Swan SOS Moderate PSMO	Sold	982.5K → 0 −$28.4M
2 Fiserv FI	Sold	129.9K → 0 −$22.4M
3 Ansys ANSS	Sold	10.6K → 0 −$3.7M
4 American Century Quality Preferred ETF QPFF	Sold	77.7K → 0 −$2.7M
5 CCC Intelligent Solutions Holdings Inc. CCCS	Sold	240.4K → 0 −$2.3M

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Analytics

Portfolio insights and performance metrics for MML INVESTORS SERVICES, LLC

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Sector Allocation

ETF

62.00%

Technology

10.80%

Financial Services

5.00%

Consumer Cyclical

3.60%

Communication Services

3.50%

Industrials

3.20%

Healthcare

2.90%

Consumer Defensive

1.80%

Energy

1.00%

Utilities

1.00%

Real Estate

0.60%

Basic Materials

0.50%

Market Cap Distribution

Mega Cap (> $200B)

18.83%

Large Cap ($10B - $200B)

13.25%

Mid Cap ($2B - $10B)

1.21%

Small Cap ($300M - $2B)

0.14%

Micro Cap ($50M - $300M)

0.02%

Nano Cap (< $50M)

0.12%

N/A (ETF or Unknown)

66.43%

Portfolio Concentration

Top 10 Holdings %

16.64%

Top 20 Holdings %

26.24%

Top 50 Holdings %

41.71%

Top 100 Holdings %

55.56%