Legacy Wealth Management Q2 Portfolio Changes: Major Buys and Sells Observed

According to filings tracked by InsiderSet, during Q2 2026, investor Legacy Wealth Management LLC MS (link to profile) demonstrated significant activity in its portfolio. The total portfolio value as of June 30th stood at $387,446,266.

Prominent Purchases Observed This Quarter

The investor notably increased their position in SPDR Series Trust ETF (SPLG), adding a substantial number of shares. This ETF allocation now represents 6.83% of the portfolio, indicating a significant strategic move.

• Their stake in South Plains Financial Inc (SPFI) grew by 100%, establishing it as one of their largest new holdings for this quarter (link to stock).
• Freeport-McMoRan Inc (FCX), a company in the Basic Materials sector, saw its position increase by 151.89% during Q2 (link to stock).
• Several Invesco ETFs were added significantly: INVESCO Exchange Traded Self-Indexed Fund (BSCV) increased by 22.87%, and another similar fund (BSCU) grew by 21.59% (link to BSCV, link to BSCU).
• Additionally, Fifth Third Bancorp (FITB) was added entirely new with a 100% increase (link to FITB).
• EQUITABLE HLDGS INC (EQH), also known as Equitable Holdings Inc, was purchased significantly with an 84.6% increase in shares (link to EQH).
• Boston Scientific Corp (BSX) and Tidal Trust II ETF (YMAX), despite being categorized as 'Unknown' or null sector, also showed notable increases of 17.84% and 107.49% respectively (link to BSX, link to YMAX).

These purchases suggest a focus on diversifying into sectors like Financial Services and adding exposure to specific companies or ETFs, while also maintaining interest in certain trusts.

Significant Sales Observed This Quarter

The investor also divested substantial portions of their portfolio during Q2. IQVIA HLDGS INC (IQV) was one of the most notable exits, with a 53.54% reduction in shares (link to IQV).

• Several other holdings were significantly reduced: Vanguard ETFs AVDE (shares increased, but sales are tracked via change percentages) and BSCW (INVESCO fund), along with notable individual stock reductions.
• The largest individual position reduction was observed in NVIDIA Corporation (NVDA), which decreased by 1.88% (link to NVDA).
• WALMART INC (WMT) also saw a decrease of nearly 2%, falling from its previous allocation (link to WMT).
• Micron Technology Inc (MU), Apple Inc (AAPL), and Palo Alto Networks Inc (PANW) all experienced decreases in their portfolio percentages, though not as drastic as the sales of other positions.

The sale data indicates a strategic rebalancing or reduction in exposure to certain large-cap holdings like IQV, NVDA, WMT, and others. For more details on these specific stock changes, please refer to their respective profiles (MU, AAPL, PANW).

Overall Portfolio Insights

The portfolio maintained a Technology-heavy tilt, with NVIDIA and Microsoft Corp (MSFT) still being major components. However, the addition of new positions like SPLG suggests ongoing adjustments to capture potential opportunities.

• The investor holds 111 distinct holdings as of Q2.
• Technology remains a dominant sector allocation at approximately 38%.
• Significant allocations also exist in 'Unknown' sectors (around 32%) and Communication Services, Consumer Cyclical, Healthcare, etc., based on the provided data.

The portfolio's top five holdings by weight accounted for roughly half of its value ($54.54%), highlighting concentration despite some sales activity (link to investor profile).

For a complete view of the portfolio's holdings and allocations, including those not listed in 'top_holdings_by_weight', please visit the InvestorSet page for Legacy Wealth Management LLC MS.