HAZLETT, BURT & WATSON, INC.

CIK 0000046392 · Q1 2026

13F Equity AUM

$270K

-100.0% QoQ

Positions

905

-5 QoQ

AUM Rank

#12,192

Top 98%

Skill Alpha (FF)

-2.1%/yr^ns

No Clear Edge

Rank #5,374 · Top 65%

vs S&P -5.0%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 16.1%Top 10: 23.5%Top 20: 33.9%

AAPL4.9%

NDQ3.5%

NVDA3.4%

MSFT2.3%

XOM2.0%

AMZN1.9%

JNJ1.6%

LMT1.4%

PNC1.3%

GOOG1.3%

Others (895)76.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services48.0%

Technology18.5%

Industrials9.0%

Healthcare5.5%

Consumer Defensive4.4%

Energy4.2%

Consumer Cyclical3.8%

Communication Services3.6%

Other3.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 905Median: 0.02%Avg: 0.11%

0–0.5%

860(48.6%)

0.5–1%

28(20.3%)

1–3%

14(19.2%)

3–5%

3(11.8%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 853Unique: 52vs 20 funds

11.6%Low

905

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

15.6%

BANK OF AMERICA CORP /DE/

17.2%

15.2%

21.6%

14.9%

13.8%

VANGUARD CAPITAL MANAGEMENT LLC

12.9%

GEODE CAPITAL MANAGEMENT, LLC

12.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

14.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New40Increased256Decreased154Exited48

New Positions

AZN0.1%

+932

XSSPX0.0%

+6K

DRI0.0%

+383

INGR0.0%

+451

GIS0.0%

+1K

SNDK0.0%

+55

CLX0.0%

+145

NVT0.0%

+117

DHDG0.0%

+435

NDAQ0.0%

+335

Increased

VEA0.4%

+12K(+207%)

IVW1.1%

+9K(+53%)

JCPB0.3%

+7K(+76%)

SDHY0.8%

+7K(+6%)

JPLD0.3%

+7K(+119%)

BNDX0.2%

+7K(+118%)

VCIT0.4%

+7K(+133%)

VWO0.3%

+5K(+62%)

IVE1.1%

+5K(+55%)

VSDB0.2%

+4K(+133%)

Decreased

SCHD0.8%

-15,776(-17%)

F0.0%

-5,681(-93%)

DGRO0.9%

-3,214(-9%)

SCHG0.3%

-1,734(-6%)

MIND0.0%

-1,450(-66%)

BX0.0%

-1,317(-72%)

GMAR0.0%

-1,250(-46%)

SPLV0.1%

-1,101(-20%)

NVO0.1%

-1,088(-12%)

CSCO0.3%

-949(-9%)

Exited

-6,192

-1,604

-7,594

-400

-295

-488

-266

-582

-316

-169

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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