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Institutional Investment Manager
Orion Porfolio Solutions, LLC
Orion Porfolio Solutions, LLC (CIK: 0001360533) incorporated in Nebraska, located at 17605 Wright Street, Omaha, NE. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 421 holdings with a total value of $2,589,949,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES 565,132 15,072,000 0.58%
52 PROSHARES TR 257,833 14,952,000 0.58%
53 POWERSHARES ETF TR II 534,272 14,805,000 0.57%
54 IPATH BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN 492,311 14,307,000 0.55%
55 ISHARES TR 139,381 13,499,000 0.52%
56 ISHARES TR 121,448 13,211,000 0.51%
57 ISHARES 252,000 13,129,000 0.51%
58 ISHARES TR 198,094 12,934,000 0.50%
59 VANGUARD INDEX FDS 120,090 12,852,000 0.50%
60 SELECT SECTOR SPDR TR 269,350 12,822,000 0.50%
61 ISHARES TR 103,946 12,028,000 0.46%
62 VANGUARD BD INDEX FDS 141,153 11,470,000 0.44%
63 VANGUARD WORLD FD 160,305 11,269,000 0.44%
64 VANGUARD WORLD FD 80,279 11,236,000 0.43%
65 SPDR SER TR 385,837 11,154,000 0.43%
66 VANECK MORNINGSTAR WIDE MOAT E 360,028 11,045,000 0.43%
67 VANGUARD SCOTTSDALE FDS 126,243 10,768,000 0.42%
68 ISHARES S&P GSCI COMMODITY I 492,500 10,397,000 0.40%
69 DBX ETF TR 357,258 9,596,000 0.37%
70 VANGUARD INDEX FDS 111,425 9,288,000 0.36%
71 ISHARES TR 229,894 9,108,000 0.35%
72 FIRST TR EXCHANGE TRADED FD 323,269 8,533,000 0.33%
73 ISHARES TR 140,725 8,366,000 0.32%
74 POWERSHARES ETF TRUST 361,000 8,314,000 0.32%
75 ISHARES TR 114,014 8,145,000 0.31%
76 ISHARES TR MSCI UTD KNGDM 444,300 8,108,000 0.31%
77 VANGUARD SCOTTSDALE FDS 100,375 7,988,000 0.31%
78 POWERSHARES ETF TR II 207,842 7,615,000 0.29%
79 ISHARES TR 244,599 7,289,000 0.28%
80 ISHARES TR 66,109 7,154,000 0.28%
81 WISDOMTREE TR 137,377 6,993,000 0.27%
82 POWERSHARES ETF TR II 279,483 6,898,000 0.27%
83 ISHARES TR 62,058 6,738,000 0.26%
84 ISHARES TR 67,560 6,720,000 0.26%
85 RYDEX ETF TRUST 80,008 6,385,000 0.25%
86 SELECT SECTOR SPDR TR 116,432 6,294,000 0.24%
87 ISHARES INC 445,000 6,279,000 0.24%
88 ISHARES TR 157,667 6,176,000 0.24%
89 WISDOMTREE TRUST MANAGED FUTURES STRATEGY 143,629 6,132,000 0.24%
90 FIDELITY 275,000 5,932,000 0.23%
91 ALPS ETF TR 367,859 5,724,000 0.22%
92 ISHARES TR 46,000 5,508,000 0.21%
93 ISHARES TR 42,662 5,327,000 0.21%
94 PIMCO ETF TR 120,000 5,267,000 0.20%
95 DBX ETF TRUST MSCI JAPAN CURRENCY 126,000 5,264,000 0.20%
96 SPDR INDEX SHS FDS 147,487 5,128,000 0.20%
97 VANGUARD INDEX FDS 53,584 5,081,000 0.20%
98 ISHARES TR 41,238 5,071,000 0.20%
99 VANGUARD WORLD FD 59,048 4,899,000 0.19%
100 EGA EMERGING GLOBAL SHS TR 251,911 4,809,000 0.19%
Page 2 of 9

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001580642-15-003404, filed 2015.08.11).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.