Progeny 3, Inc.

CIK 0001536006 · Q2 2026

13F Equity AUM

$1.9B

+3.6% QoQ

Positions

-3 QoQ

AUM Rank

#1,573

Top 18%

Skill Alpha (FF)

-1.3%/yr^ns

No Clear Edge

Rank #4,813 · Top 58%

vs S&P -5.9%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 41.9%Top 10: 60.6%Top 20: 88.5%

CCO12.4%

IBKR9.9%

APG7.7%

T0V6.5%

IVV5.4%

SSNC4.3%

ARLP4.0%

VOO3.7%

MLM3.4%

SOLS3.3%

Others (19)39.4%

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

Sector Allocation

Energy31.6%

Financial Services25.5%

Industrials17.2%

Technology10.5%

Basic Materials9.0%

Consumer Cyclical3.3%

Consumer Defensive2.7%

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

Position Sizing

Positions: 29Median: 2.77%Avg: 3.45%

0–0.5%

2(0.3%)

0.5–1%

1(0.9%)

1–3%

14(31.7%)

3–5%

7(25.2%)

5%+

5(41.9%)

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

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Portfolio Overlap

Shared: 0Unique: 29vs 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

New2Increased8Decreased2Exited5

New Positions

AROC2.2%

+1.0M

ASCENDIS PHARMA A/S0.1%

+5K

Increased

CLBT1.5%

+872K(+77%)

T0V6.5%

+240K(+2%)

POOL3.0%

+130K(+93%)

SSNC4.3%

+74K(+6%)

AMZN3.3%

+21K(+8%)

CCO12.4%

+20K(+1%)

ARLP4.0%

+19K(+1%)

EPD3.2%

+3K(+0%)

Decreased

NRP1.1%

-83,060(-27%)

PAR1.9%

-46,750(-2%)

Exited

-1,937,200

-12,240

-23,300

-5,230

-24,000

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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