Arax Advisory Partners

CIK 0001586767 · Q2 2026

13F Equity AUM

$15.1B

+325.9% QoQ

Positions

4,405

+1265 QoQ

AUM Rank

#406

Top 5%

Skill Alpha (FF)

-1.1%/yr^ns

No Clear Edge

Rank #4,522 · Top 54%

vs S&P -5.1%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 11.6%Top 10: 18.3%Top 20: 26.0%

SPY2.8%

AAPL2.7%

IVV2.2%

VUG2.0%

NVDA2.0%

NDQ1.9%

DYNF1.3%

FIX1.2%

MSFT1.2%

VTI1.1%

Others (4395)81.7%

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

Sector Allocation

Financial Services56.8%

Technology12.9%

Industrials6.3%

Energy4.7%

Healthcare4.5%

Consumer Cyclical3.7%

Communication Services3.1%

Consumer Defensive2.0%

Other5.9%

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

Position Sizing

Positions: 4405Median: 0.00%Avg: 0.02%

0–0.5%

4374(67.7%)

0.5–1%

20(12.9%)

1–3%

11(19.4%)

3–5%

0(0.0%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 4,405vs 20 funds

0%Low

4,405

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

New1475Increased3293Decreased218Exited88

New Positions

PIFI0.6%

+984K

IBTI0.3%

+1.9M

IBTG0.2%

+1.5M

IBTH0.2%

+1.6M

OPER0.2%

+302K

CPAI0.1%

+426K

VUSB0.1%

+398K

PAAA0.1%

+365K

IALT0.1%

+666K

BCI0.1%

+732K

Increased

HPK0.6%

+13.9M(+5991327%)

VUG2.0%

+3.3M(+1322%)

EPD0.7%

+2.6M(+8826%)

CORO0.6%

+2.1M(+385%)

PZA0.3%

+1.8M(+132106%)

DYNF1.3%

+1.7M(+138%)

ET0.2%

+1.7M(+3298%)

SJNK0.2%

+1.4M(+178342%)

BAC0.5%

+1.3M(+1217%)

VTIP0.4%

+1.3M(+24674%)

Decreased

HIMU0.0%

-92,824(-76%)

DFEM0.1%

-57,236(-11%)

EWZ0.0%

-37,673(-92%)

LDSF0.1%

-34,476(-6%)

CGGR0.0%

-32,134(-49%)

QS0.0%

-31,477(-55%)

RSPR0.0%

-27,870(-89%)

UAA0.0%

-16,801(-51%)

SPTS0.0%

-16,585(-21%)

TRIP0.0%

-16,223(-90%)

Exited

HON

-5,154

SECPX

-69,981

-7,126

-11,576

-1,076

-82,412

-77

-711

-500

-250

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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