SEC Filing Analysis: Legacy Wealth Management, Inc

Executive Summary

• Trading Significance: Low
• Key Takeaway: Legacy Wealth Management, Inc. filed its quarterly Form 13F-HR, reporting managed assets totaling approximately $1.7 billion as of September 30, 2025. The portfolio shows a strong preference for diversified, low-cost Exchange Traded Funds (ETFs) across U.S. large-cap equity and aggregate bond markets.
• Market Impact: Neutral. As a standard quarterly disclosure of long positions, this filing is informational and not expected to cause significant market movement. It provides insight into the firm's investment strategy rather than signaling a specific, timely trade.

Filer Information

Field	Value
Company	Legacy Wealth Management, Inc
Ticker Symbol	Not Applicable (Private)
CIK	0001488921
Type	Institutional Investment Manager

Filing Summary

Field	Value
Form Type	13F-HR (Holdings Report)
Period of Report Date	2025-09-30
Filing Date	2025-10-10
Total Portfolio Value	$1,698,485,934
Number of Holdings	29

Top 5 Holdings Analysis

This filing indicates a concentration in broad-market and bond ETFs, suggesting a strategy focused on diversification and passive management.

Holding	Value (USD)	% of Portfolio
iShares CORE S&P500 ETF (IVV)	$359,770,162	~21.2%
iShares Russell 1000 ETF (IWB)	$264,093,081	~15.5%
Schwab 1000 Index ETF (SCHK)	$204,335,725	~12.0%
JP Morgan Core Plus Bond ETF (JPC)	$168,658,620	~9.9%
Fidelity Total Bond ETF (FBND)	$150,261,839	~8.8%

Investment Insights

Positive Market Indicators

• Diversified Strategy: The heavy allocation to broad market ETFs (S&P 500, Russell 1000) indicates a well-diversified, risk-managed approach.
• Substantial AUM: Managing nearly $1.7 billion in assets signifies a significant and established investment operation.
• Fixed Income Allocation: A substantial portion of the portfolio is in bond ETFs, suggesting a balanced strategy aimed at capital preservation and income generation alongside equity growth.

Risk Factors

• Passive Management: The portfolio is heavily reliant on passive index-tracking funds, which will perform in line with the broader market. This strategy may underperform during periods where active stock selection is favorable.
• Concentration in ETFs: While the ETFs themselves are diversified, the top 5 holdings represent over 67% of the reported assets, showing a high concentration in a few specific fund families (iShares, Schwab, JP Morgan, Fidelity).

Key Takeaways

1. ETF-Centric Strategy: Legacy Wealth Management overwhelmingly prefers ETFs for market exposure over individual stocks.
2. US Market Focus: The top holdings are all focused on the U.S. equity and bond markets.
3. Conservative Growth & Income: The blend of large-cap equity and aggregate bond funds points to a balanced portfolio model suitable for clients with a moderate risk tolerance.

Contextual Analysis

Filing Significance

A Form 13F-HR is a mandatory quarterly report filed by institutional investment managers with at least $100 million in assets under management. It discloses their long U.S. equity positions at the end of each quarter. This filing provides transparency but is backward-looking and does not include short positions, cash, or non-U.S. securities.

Firm Context

Legacy Wealth Management, Inc. operates as a wealth management firm. Its investment choices reflect a typical strategy for managing client assets through diversified, low-cost vehicles rather than high-conviction, concentrated bets on individual companies.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-10 | Data source: SEC EDGAR