MIRAE ASSET SECURITIES (USA) INC.

CIK 0000890203 · Q1 2026

13F Equity AUM

$2.7B

-25.1% QoQ

Positions

-6 QoQ

AUM Rank

#1,487

Top 12%

Skill Alpha (FF)

—

Building track record (6q)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 42.5%Top 10: 59.4%Top 20: 73.6%

SPY12.1%

NDQ11.0%

IWM9.3%

AVGO5.8%

XOP4.3%

XLI3.9%

XRT3.8%

TSM3.7%

DON3.4%

MSFT2.0%

Others (89)40.6%

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

Sector Allocation

Financial Services56.3%

Technology20.4%

Consumer Cyclical6.9%

Communication Services4.1%

Industrials4.0%

Fund3.6%

Consumer Defensive2.3%

Other2.5%

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

Position Sizing

Positions: 99Median: 0.33%Avg: 1.01%

0–0.5%

55(6.6%)

0.5–1%

19(14.5%)

1–3%

16(21.6%)

3–5%

5(19.2%)

5%+

4(38.2%)

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

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Portfolio Overlap

Shared: 69Unique: 30vs 20 funds

0.9%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

1.3%

BANK OF AMERICA CORP /DE/

1.4%

1.3%

1.6%

1.5%

GEODE CAPITAL MANAGEMENT, LLC

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.7%

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

New49Increased18Decreased26Exited55

New Positions

NFLX1.4%

+400K

BKNG1.3%

+8K

PEP1.1%

+201K

HLT1.1%

+100K

USO0.9%

+200K

MA0.9%

+50K

IBM0.9%

+100K

BLK0.8%

+24K

CHV0.8%

+111K

TT0.8%

+50K

Increased

SPY12.1%

+125K(+33%)

EWY0.9%

+120K(+150%)

NKE1.0%

+99K(+25%)

ORCL1.7%

+98K(+44%)

AVGO5.8%

+68K(+15%)

QCOM0.7%

+50K(+50%)

AIPO0.0%

+37K(+329%)

MCD1.1%

+30K(+43%)

CHGX0.0%

+22K(+162%)

TOV0.0%

+20K(+202%)

Decreased

GOOGL1.1%

-905,541(-90%)

NVDA1.1%

-531,515(-76%)

AMD0.8%

-423,623(-81%)

BABA0.7%

-200,428(-57%)

MSFT2.0%

-150,315(-50%)

GOOG1.1%

-125,433(-56%)

TSLA0.7%

-102,102(-67%)

CSCO0.3%

-101,080(-50%)

MU0.6%

-100,718(-67%)

OXY0.3%

-88,777(-44%)

Exited

Holdings

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