STEPHENS INC AR
Q2 2025 Form 13-F
LITTLE ROCK, ARKANSAS
CIK 0000757657
· CRD 3496
· SEC-registered investment adviser
$7.3B Reported Value Total
STEPHENS reports 21,683 total accounts under management (AUM). There are 12,385 discretionary accounts valued at $11,841,493,552, and 9,298 non-discretionary accounts valued at $3,771,290,459.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-10-23
Reported value
$7.3B
Quarter over quarter
+7.5%
Holdings
1,274
Top-10 concentration
19.3%
Key People
Form ADV owners & control persons
Warren Amerine Stephens
TRUSTEE
Curtis Franklin Jr Bradbury
VICE CHAIRMAN OF BOARD
Laura Stephens Brookshire
SENIOR EXECUTIVE VICE PRESIDENT
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | July 29, 2025 |
| Form | 13F-HR |
| Reported value | $7.3B |
| Positions | 1,274 |
| Change in reported value | +6.6% |
| New positions | 99 |
| Exited positions | 61 |
| Position turnover | 12.0% |
| Top-10 concentration | 19.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 29, 2026
|
1,332 | $8.9B |
|
Q1 2026 13F
Filed Apr 28, 2026
|
1,311 | $8.0B |
|
Q4 2025 13F
Filed Feb 5, 2026
|
1,300 | $8.0B |
|
Q3 2025 13F
Filed Oct 27, 2025
|
1,321 | $7.8B |
|
Q2 2025 13F
Filed Jul 29, 2025
|
1,274 | $7.3B |
|
Q1 2025 13F
Filed May 1, 2025
|
1,236 | $6.8B |
|
Q4 2024 13F
Filed Jan 28, 2025
|
1,269 | $7.1B |
|
Q3 2024 13F
Filed Oct 28, 2024
|
1,291 | $7.0B |
|
Q2 2024 13F
Filed Aug 6, 2024
|
1,272 | $6.6B |
|
Q1 2024 13F
Filed May 15, 2024
|
1,310 | $6.4B |
|
Q4 2023 13F
Filed Feb 13, 2024
|
1,248 | $5.8B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
1,214 | $5.2B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
1,227 | $5.6B |
|
Q1 2023 13F
Filed May 15, 2023
|
1,191 | $5.2B |
|
Q4 2022 13F
Filed Jan 25, 2023
|
1,169 | $4.9B |
|
Q3 2022 13F
Filed Nov 2, 2022
|
1,202 | $4.7B |
|
Q2 2022 13F
Filed Aug 3, 2022
|
1,227 | $5.0B |
|
Q1 2022 13F
Filed May 4, 2022
|
1,318 | $6.1B |
|
Q4 2021 13F
Filed Mar 7, 2022
|
1,345 | $6.6B |
|
Q3 2021 13F
Filed Oct 27, 2021
|
1,352 | $6.5B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VTI VANGUARD INDEX FDS | $216.4M | 2.97% |
| 2 | MSFT MICROSOFT CORP | $169.2M | 2.33% |
| 3 | AAPL APPLE INC | $165.6M | 2.28% |
| 4 | QQQ INVESCO QQQ TR | $137.5M | 1.89% |
| 5 | WMT WALMART INC | $132.6M | 1.82% |
| 6 | IWD ISHARES TR | $121.2M | 1.67% |
| 7 | SPY SPDR S&P 500 ETF TR | $121.2M | 1.67% |
| 8 | NVDA NVIDIA CORPORATION | $118.5M | 1.63% |
| 9 | AMZN AMAZON COM INC | $114.0M | 1.57% |
| 10 | JPM JPMORGAN CHASE & CO. | $111.3M | 1.53% |
| 11 | IWS ISHARES TR | $110.4M | 1.52% |
| 12 | AVGO BROADCOM INC | $108.2M | 1.49% |
| 13 | IWF ISHARES TR | $104.8M | 1.44% |
| 14 | IWP ISHARES TR | $75.2M | 1.03% |
| 15 | VTV VANGUARD INDEX FDS | $69.8M | 0.96% |
| 16 | KRUS KURA SUSHI USA INC | $63.6M | 0.87% |
| 17 | VOO VANGUARD INDEX FDS | $62.5M | 0.86% |
| 18 | META META PLATFORMS INC | $62.5M | 0.86% |
| 19 | VUG VANGUARD INDEX FDS | $60.1M | 0.83% |
| 20 | GOOG ALPHABET INC | $59.7M | 0.82% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.