Progeny 3, Inc.

CIK 0001536006 · Q1 2026

13F Equity AUM

$1.9B

+0.7% QoQ

Positions

-5 QoQ

AUM Rank

#1,866

Top 15%

Skill Alpha (FF)

-1.8%/yr^ns

No Clear Edge

Rank #4,958 · Top 60%

vs S&P -9.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 39.4%Top 10: 60.1%Top 20: 89.1%

CCO13.6%

IBKR7.9%

APG7.7%

T0V5.4%

IVV4.9%

ARLP4.8%

SSNC4.5%

GFL4.3%

MLM3.6%

EQT3.4%

Others (22)39.9%

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

Sector Allocation

Energy33.5%

Financial Services23.0%

Industrials18.9%

Technology9.8%

Basic Materials9.6%

Consumer Cyclical2.8%

Consumer Defensive2.2%

Other0.3%

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

Position Sizing

Positions: 32Median: 2.85%Avg: 3.13%

0–0.5%

5(0.5%)

0.5–1%

2(1.8%)

1–3%

11(24.7%)

3–5%

10(38.4%)

5%+

4(34.6%)

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

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Portfolio Overlap

Shared: 32Unique: 0vs 20 funds

0.4%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

0.6%

BANK OF AMERICA CORP /DE/

0.7%

JPMORGAN CHASE & CO

0.6%

BlackRock, Inc.

0.7%

FMR LLC

0.9%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

STATE STREET CORP

0.6%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.6%

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

New3Increased6Decreased5Exited8

New Positions

AMZN2.8%

+250K

POOL1.5%

+140K

CLBT0.8%

+1.1M

Increased

SSNC4.5%

+133K(+12%)

PAR1.6%

+115K(+6%)

T0V5.4%

+92K(+1%)

IBKR7.9%

+66K(+3%)

PSMT2.2%

+43K(+19%)

EQT3.4%

+38K(+4%)

Decreased

ET2.8%

-131,578(-5%)

GFL4.3%

-104,810(-5%)

EPD3.4%

-63,675(-4%)

ARLP4.8%

-52,907(-2%)

MPLX3.1%

-42,993(-4%)

Exited

-86,500

-1,268,000

-322,300

-119,000

-103,400

BTU

-89,160

QXO

-54,500

PRCH

-128,910

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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