STEPHENS INC /AR/

RIA/Wealth

STEPHENS INC /AR/ is a RIA/Wealth based in Little Rock, AR led by Warren Miles Amerine Stephens, reporting $15.6B in AUM as of Q3 2025 with 43% ETF concentration.

CEOWarren Miles Amerine Stephens

Portfolio Value: $7.8B
Positions: 1,257
Top Holding: VTI at 2.95%
Last Reported: Q3 2025

Address111 Center St, Little Rock, AR, 72201, United States

Top Holdings

Largest long holdings in STEPHENS INC /AR/'s portfolio (20.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Total Stock Market VTI	ETF ETF	$229.5M	2.95%	-$4.1M Sold	— 699.5K shares	≤ Q2 2013 Held for 12y 5m+
2 Apple AAPL	Consumer Electronics Technology	$209.8M	2.69%	+$4.2M Bought	0.01% 823.4K shares	≤ Q2 2013 Held for 12y 5m+
3 Microsoft MSFT	Software - Infrastructure Technology	$182.3M	2.34%	+$6.0M Bought	0.00% 351.7K shares	≤ Q2 2013 Held for 12y 5m+
4 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.99%	+$5.6M Bought	— 258.6K shares	≤ Q2 2013 Held for 12y 5m+
5 Nvidia NVDA	Semiconductors Technology	$144.9M	1.86%	+$5.3M Bought	0.00% 776.6K shares	Q1 2016 Held for 9y 8m
6 Walmart WMT	Discount Stores Consumer Defensive	$143.1M	1.84%	+$3.3M Bought	0.02% 1.4M shares	≤ Q2 2013 Held for 12y 5m+
7 Broadcom Inc. AVGO	Semiconductors Technology	$131.8M	1.69%	+$2.3M Bought	0.01% 399.5K shares	Q3 2017 Held for 8y 2m
8 SPDR S&P 500 ETF Trust SPY	ETF ETF	$128.3M	1.65%	-$2.3M Sold	— 192.3K shares	≤ Q2 2013 Held for 12y 5m+
9 iShares Russell 1000 Value IWD	ETF ETF	$128.0M	1.64%	+$987.4K Bought	— 628.8K shares	≤ Q2 2013 Held for 12y 5m+
10 JPMorgan Chase JPM	Banks - Diversified Financial Services	$125.1M	1.61%	+$4.1M Bought	0.01% 396.7K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in STEPHENS INC /AR/'s latest filing

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Market Value

$7.8B

Prior: $7.2B

Q/Q Change

+7.72%

+$558.1M

Net Flows % of MV

+1.04%

Turnover Ratio

4.24%

New Purchases

46 stocks

$41.5M

Added To

496 stocks

+$318.8M

Sold Out Of

57 stocks

$26.7M

Reduced Holdings

540 stocks

-$252.3M

Increased Positions

Position	Shares Δ	Change
1 WisdomTree Europe Hedged SmallCap Equity Fund EUSC	New	0 → 180.2K +$8.8M
2 Fidelis Insurance Holdings FIHL	New	0 → 182.4K +$3.3M
3 AngloGold Ashanti AU	New	0 → 40.9K +$2.9M
4 CoreWeave, Inc. CRWV	New	0 → 18.8K +$2.6M
5 FT Vest U.S. Equity Buffer & Premium Income ETF XIDE	New	0 → 81.7K +$2.5M

Decreased Positions

Position	Shares Δ	Change
1 PAPR Innovator U.S. Equity Power Buffer ETF PAPR	Sold	67.7K → 0 −$2.5M
2 CSG Systems International CSGS	Sold	37.6K → 0 −$2.5M
3 Simulations Plus SLP	Sold	99.3K → 0 −$1.7M
4 GAPR FT Vest U.S. Equity Moderate Buffer ETF GAPR	Sold	33.1K → 0 −$1.3M
5 Smithfield Foods SFD	Sold	45.6K → 0 −$1.1M

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Analytics

Portfolio insights and performance metrics for STEPHENS INC /AR/

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Sector Allocation

ETF

43.00%

Technology

14.40%

Financial Services

10.00%

Industrials

5.70%

Consumer Cyclical

5.40%

Healthcare

4.40%

Communication Services

4.20%

Consumer Defensive

3.90%

Energy

2.80%

Utilities

1.60%

Basic Materials

1.40%

Real Estate

0.90%

Market Cap Distribution

Mega Cap (> $200B)

27.79%

Large Cap ($10B - $200B)

23.13%

Mid Cap ($2B - $10B)

2.46%

Small Cap ($300M - $2B)

0.99%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.06%

N/A (ETF or Unknown)

45.56%

Portfolio Concentration

Top 10 Holdings %

20.27%

Top 20 Holdings %

31.45%

Top 50 Holdings %

47.83%

Top 100 Holdings %

63.56%