ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP

CIK 0001103139 · Q2 2026

13F Equity AUM

$3.1B

+9.2% QoQ

Positions

-5 QoQ

AUM Rank

#1,885

Top 15%

Skill Alpha (FF)

-2.8%/yr^ns

No Clear Edge

Rank #6,691 · Top 81%

vs S&P -7.1%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 77.7%Top 10: 95.5%Top 20: 100.0%

IVV28.9%

EMB19.6%

XEMD13.6%

IXUS9.7%

VUSB5.9%

STIP5.0%

JPST4.0%

EMLC3.3%

IEMG3.0%

SCHP2.5%

Others (6)4.5%

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

Sector Allocation

Financial Services100.0%

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

Position Sizing

Positions: 16Median: 3.18%Avg: 6.25%

0–0.5%

4(1.1%)

0.5–1%

0(0.0%)

1–3%

3(5.9%)

3–5%

4(15.3%)

5%+

5(77.7%)

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

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Portfolio Overlap

Shared: 0Unique: 16vs 20 funds

0%Low

Fund positions

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.

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Position Changes This Quarter

New1Increased2Decreased10Exited6

New Positions

SPTB2.4%

+2.5M

Increased

IVV28.9%

+695K(+136%)

EMLC3.3%

+393K(+11%)

Decreased

VUSB5.9%

-5,092,509(-58%)

SCHP2.5%

-2,808,918(-49%)

IAUM0.4%

-1,185,129(-80%)

JPST4.0%

-356,407(-13%)

XEMD13.6%

-112,727(-1%)

STIP5.0%

-49,006(-3%)

EMB19.6%

-83(0%)

IXUS9.7%

-28(0%)

GOVT0.0%

-13(-0%)

EUSA0.4%

-2(0%)

Exited

-449,700

-256,800

-219,799

-205,500

-158,600

-40,000

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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