Gradient Investments LLC

CIK 0001542265 · Q2 2026

13F Equity AUM

$7.2B

+12.3% QoQ

Positions

448

-420 QoQ

AUM Rank

#1,291

Top 10%

Skill Alpha (FF)

-1.5%/yr^ns

No Clear Edge

Rank #4,531 · Top 55%

vs S&P -1.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 14.1%Top 10: 22.6%Top 20: 35.3%

SPYM5.4%

NVDA2.6%

DMBS2.1%

AAPL2.0%

AMZN2.0%

AVDE1.8%

GOOG1.7%

JMBS1.7%

GLDM1.7%

SEPU1.6%

Others (438)77.4%

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

Sector Allocation

Financial Services55.2%

Technology12.8%

Consumer Cyclical5.0%

Healthcare4.7%

Industrials4.5%

Communication Services3.8%

Consumer Defensive3.8%

Fund3.0%

Other7.3%

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

Position Sizing

Positions: 448Median: 0.04%Avg: 0.22%

0–0.5%

389(37.0%)

0.5–1%

40(28.6%)

1–3%

18(28.9%)

3–5%

0(0.0%)

5%+

1(5.4%)

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

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Portfolio Overlap

Shared: 0Unique: 448vs 20 funds

0%Low

448

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

New60Increased261Decreased118Exited32

New Positions

XTWY0.6%

+1.2M

INNOVATOR ETFS TRUST0.6%

+2.2M

AGGH0.5%

+1.9M

FOXY0.5%

+1.2M

AIS0.5%

+396K

CRWD0.5%

+44K

NJUN0.4%

+861K

JANB0.4%

+1.0M

IMAR0.3%

+841K

TSCO0.2%

+492K

Increased

SPIB0.6%

+1.4M(+8222%)

XTEN1.2%

+1.0M(+122%)

SAJA0.1%

+797K(+423%)

SEPU1.6%

+489K(+15%)

PALL0.2%

+455K(+378%)

XSVN1.0%

+414K(+39%)

JMBS1.7%

+342K(+15%)

HODL0.2%

+298K(+48%)

SPYM5.4%

+276K(+7%)

NVDA2.6%

+219K(+29%)

Decreased

SPAB0.8%

-1,362,733(-37%)

XFIV0.4%

-943,633(-63%)

XTRE0.0%

-910,061(-99%)

IGIB0.0%

-754,239(-99%)

PCMM0.4%

-266,536(-34%)

ABT0.3%

-126,411(-35%)

AVEM1.4%

-112,032(-10%)

GLDM1.7%

-110,542(-7%)

IGTR0.7%

-97,278(-6%)

CHAT0.4%

-88,872(-24%)

Exited

-1,866,754

-1,239,641

-466,647

-787,334

-589,481

-204,809

-41,736

-72,658

-265,063

-220,241

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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