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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 (2015Q4)
Portfolio Summary: 770 holdings with a total value of $2,311,144,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES TR 124,572 13,455,000 0.58%
52 FIDELITY 279,000 13,392,000 0.58%
53 ISHARES 246,000 13,171,000 0.57%
54 IPATH BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN 612,971 13,160,000 0.57%
55 ISHARES MSCI ACWI EX US IDX FD 322,660 12,781,000 0.55%
56 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 157,389 12,682,000 0.55%
57 ISHARES INC 311,509 12,271,000 0.53%
58 ISHARES TR 99,798 11,378,000 0.49%
59 VANGUARD INDEX FDS 99,920 11,055,000 0.48%
60 J P MORGAN EXCHANGE TRADED F 222,874 10,988,000 0.48%
61 SSGA ACTIVE ETF TR BLKSTN GSOSRLN ETF 229,892 10,605,000 0.46%
62 SPDR SER TR 385,860 9,912,000 0.43%
63 FIDELITY 329,611 9,328,000 0.40%
64 SPDR DOW JONES INDL AVRG ETF 52,546 9,142,000 0.40%
65 ISHARES TR 97,086 8,924,000 0.39%
66 ISHARES TR 85,527 8,879,000 0.38%
67 VANGUARD WORLD FDS 64,212 8,533,000 0.37%
68 POWERSHARES DB CMDTY IDX TRA 610,903 8,161,000 0.35%
69 POWERSHARES GLOBAL ETF FTSE RAFI EMERGING 583,300 8,131,000 0.35%
70 VANGUARD SCOTTSDALE FDS 94,560 7,952,000 0.34%
71 VANECK MORNINGSTAR WIDE MOAT E 271,000 7,835,000 0.34%
72 FIRST TR EXCHANGE TRADED FD 305,758 7,726,000 0.33%
73 DBX ETF TR 279,300 7,586,000 0.33%
74 POWERSHARES ETF TR II 308,678 7,489,000 0.32%
75 ISHARES TR 138,991 7,424,000 0.32%
76 ISHARES TR 183,446 7,127,000 0.31%
77 ISHARES TR 66,685 7,116,000 0.31%
78 VANGUARD WORLD FD 80,185 6,658,000 0.29%
79 ISHARES TR 59,396 6,576,000 0.28%
80 POWERSHARES ETF TRUST II 304,030 6,488,000 0.28%
81 ALPS ETF TR 532,648 6,418,000 0.28%
82 FIDELITY 370,000 6,323,000 0.27%
83 ISHARES TR 74,802 6,310,000 0.27%
84 DBX ETF TRUST XTRACK MSCI JAPN ETF 152,000 5,790,000 0.25%
85 FIRST TR EXCHANGE TRADED FD 313,000 5,600,000 0.24%
86 VANGUARD INTL EQUITY INDEX F 96,000 5,532,000 0.24%
87 ISHARES TR 27,003 5,532,000 0.24%
88 ISHARES TR 61,000 5,480,000 0.24%
89 VANGUARD BD INDEX FDS 65,069 5,405,000 0.23%
90 ISHARES TR 163,303 5,257,000 0.23%
91 ISHARES INC 470,101 5,232,000 0.23%
92 POWERSHARES ETF TRUST 385,003 5,229,000 0.23%
93 WISDOMTREE TR 93,260 5,223,000 0.23%
94 SPDR INDEX SHS FDS 161,386 5,135,000 0.22%
95 ISHARES TR 41,249 5,058,000 0.22%
96 ISHARES TR 97,500 4,987,000 0.22%
97 ISHARES TR 66,935 4,914,000 0.21%
98 ISHARES TR 38,500 4,715,000 0.20%
99 PROSHARES TR 92,332 4,558,000 0.20%
100 VANGUARD SCOTTSDALE FDS 57,386 4,533,000 0.20%
Page 2 of 16

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001580642-16-006787, filed 2016.02.11).

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.