JONES FINANCIAL COMPANIES LLLP

Edward Jones' Jones Financial Companies reported $208.1B across 5,771 positions for Q1 2026, up sharply from $164.0B as client assets and markets lifted the book. The portfolio is overwhelmingly an ETF allocation engine — Vanguard Growth (VUG, 7.96%), iShares Core Aggregate Bond (AGG, 6.26%) and iShares Core S&P 500 (IVV, 5.79%) lead. The quarter's defining move was a $3.6B build in SPDR's low-cost S&P 500 ETF (SPYM) funded partly by a $2.6B trim of the growth-tilted VUG, signaling a shift toward cheaper, broad-core beta.