WINMILL & CO. INC

CIK 0000052234 · Q1 2026

13F Equity AUM

$346.6M

-7.5% QoQ

Positions

-2 QoQ

AUM Rank

#5,414

Top 44%

Skill Alpha (FF)

-0.8%/yr^ns

No Clear Edge

Rank #3,404 · Top 41%

vs S&P -2.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 37.2%Top 10: 60.9%Top 20: 87.7%

GOOGL9.0%

STLD8.8%

LRCX6.7%

IMG6.5%

IBKR6.3%

WSM5.9%

MLI5.4%

NMIH4.3%

YOU4.0%

LPLA4.0%

Others (42)39.1%

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

Sector Allocation

Financial Services25.0%

Basic Materials15.5%

Technology14.6%

Consumer Cyclical11.6%

Communication Services9.3%

Industrials8.7%

Healthcare7.3%

Consumer Defensive6.5%

Other1.5%

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

Position Sizing

Positions: 52Median: 0.72%Avg: 1.92%

0–0.5%

18(2.3%)

0.5–1%

13(9.0%)

1–3%

6(10.1%)

3–5%

8(30.0%)

5%+

7(48.5%)

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

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Portfolio Overlap

Shared: 47Unique: 5vs 20 funds

0.6%Low

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

0.9%

BANK OF AMERICA CORP /DE/

0.9%

BlackRock, Inc.

1.1%

VANGUARD CAPITAL MANAGEMENT LLC

1.2%

GEODE CAPITAL MANAGEMENT, LLC

1.2%

JPMORGAN CHASE & CO

0.8%

STATE STREET CORP

1.1%

FMR LLC

1.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.2%

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

New5Increased5Decreased7Exited7

New Positions

QLYS2.3%

+89K

NUTX1.8%

+65K

ALRM1.6%

+126K

SSRM0.8%

+95K

EVER0.1%

+32K

Increased

BTO0.6%

+175K(+58%)

MUX0.6%

+50K(+105%)

NEM0.6%

+2K(+13%)

WPM0.6%

+1K(+6%)

SPE0.0%

+93(+5%)

Decreased

AEM0.9%

-15,000(-50%)

ESNT3.6%

-10,000(-4%)

SLV0.3%

-6,000(-28%)

UNH1.1%

-2,975(-18%)

LPLA4.0%

-2,360(-5%)

SWZ0.0%

-1,120(-33%)

BRK/B0.3%

-500(-17%)

Exited

-7,069

-195,859

-130,000

-110,000

-8,000

-25,000

-4,200

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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