Institute for Wealth Management, LLC.

CIK 0001533954 · Q1 2026

13F Equity AUM

$938.5M

-0.6% QoQ

Positions

542

+4 QoQ

AUM Rank

#2,911

Top 23%

Skill Alpha (FF)

-1.9%/yr^ns

No Clear Edge

Rank #5,027 · Top 61%

vs S&P -3.9%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 23.3%Top 10: 29.9%Top 20: 37.6%

NVDA13.8%

AAPL3.2%

NDQ2.5%

MSFT1.9%

AMZN1.9%

GOOGL1.7%

LRCX1.6%

META1.2%

TSLA1.1%

AXON0.9%

Others (532)70.1%

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

Sector Allocation

Financial Services38.4%

Technology30.6%

Consumer Cyclical7.4%

Industrials6.8%

Communication Services5.3%

Healthcare4.4%

Energy2.3%

Other4.9%

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

Position Sizing

Positions: 542Median: 0.07%Avg: 0.18%

0–0.5%

508(53.8%)

0.5–1%

25(17.2%)

1–3%

7(12.0%)

3–5%

1(3.2%)

5%+

1(13.8%)

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

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Portfolio Overlap

Shared: 532Unique: 10vs 20 funds

7.3%Low

542

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

10.1%

BANK OF AMERICA CORP /DE/

11%

9.9%

14.8%

10.2%

9.9%

GEODE CAPITAL MANAGEMENT, LLC

8.9%

VANGUARD CAPITAL MANAGEMENT LLC

VANGUARD PORTFOLIO MANAGEMENT LLC

10.3%

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

New33Increased169Decreased224Exited29

New Positions

IMMX0.3%

+338K

APP0.1%

+3K

MIGA0.1%

+6K

WDAY0.1%

+7K

COMP0.1%

+72K

SPHY0.1%

+21K

SE0.1%

+6K

IONQ0.0%

+14K

DASH0.0%

+2K

GRBK0.0%

+6K

Increased

CAIE0.7%

+64K(+36%)

KVUE0.2%

+59K(+93%)

EDV0.3%

+35K(+416%)

AFRM0.2%

+32K(+408%)

XLF0.7%

+18K(+17%)

VGSH0.6%

+17K(+23%)

CPNG0.1%

+14K(+59%)

NDQ2.5%

+13K(+50%)

SNOW0.3%

+11K(+278%)

NOW0.3%

+10K(+71%)

Decreased

BXSL0.1%

-45,014(-57%)

CIBR0.1%

-21,877(-71%)

NVDA13.8%

-12,254(-2%)

T0.1%

-8,335(-19%)

QYLD0.2%

-6,762(-6%)

SUSB0.0%

-5,283(-36%)

XYZ0.1%

-4,188(-22%)

XLG0.3%

-3,766(-8%)

SPY0.5%

-3,483(-35%)

AAPL3.2%

-3,442(-3%)

Exited

-37,617

-11,556

-38,319

-50,000

-55,468

-28,143

-5,171

-9,767

-2,500

-8,840

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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