Financial Engines Advisors L.L.C.
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +3.2% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 56.2% of quarters (excess t = -0.08, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 530 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| SPYV | $4.6B | | HOLD |
| SPMB | $4.2B | | HOLD |
| SCHF | $3.8B | | TRIM |
| IGIB | $3.4B | | HOLD |
| SPDW | $2.5B | | TRIM |
| XT | $2.2B | | HOLD |
| SCHM | $1.8B | | HOLD |
| KOMP | $1.7B | | HOLD |
| IWD | $1.7B | | TRIM |
| SPYG | $1.7B | | HOLD |
| SCHV | $1.5B | | TRIM |
| SPTL | $1.4B | | HOLD |
| SCHK | $1.4B | | HOLD |
| VWO | $1.3B | | HOLD |
| SCHH | $1.3B | | HOLD |
| SPTI | $1.3B | | HOLD |
| LQD | $1.2B | | HOLD |
| SPSM | $999M | | TRIM |
| SCHG | $993M | | HOLD |
| IJR | $960M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.