TRB Advisors LP

CIK 0001513300 · Q2 2026

13F Equity AUM

$232.9M

+59.6% QoQ

Positions

+1 QoQ

AUM Rank

#7,499

Top 60%

Skill Alpha (FF)

+1.0%/yr^ns

No Clear Edge

Rank #1,842 · Top 22%

vs S&P +1.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 98.4%Top 10: 100.0%Top 20: 100.0%

VOO44.2%

SMH28.2%

KKR11.3%

SPACE EXPLORATION TECHN CORP7.4%

TOGA7.3%

AAPL1.6%

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

Sector Allocation

Financial Services91.0%

Unclassified7.4%

Other1.6%

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

Position Sizing

Positions: 6Median: 9.32%Avg: 16.67%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

1(1.6%)

3–5%

0(0.0%)

5%+

5(98.4%)

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

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Portfolio Overlap

Shared: 0Unique: 6vs 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

New3Increased1Decreased1Exited2

New Positions

VOO44.2%

+150K

SMH28.2%

+100K

SPACE EXPLORATION TE…7.4%

+100K

Increased

TOGA7.3%

+50K(+10%)

Decreased

AAPL1.6%

-162,000(-93%)

Exited

MSFT

-125,000

-50,000

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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