Share Andrew L.

CIK 0001693672 · Q2 2026

13F Equity AUM

$193.4M

-9.8% QoQ

Positions

+3 QoQ

AUM Rank

#8,215

Top 65%

Skill Alpha (FF)

+1.7%/yr^ns

No Clear Edge

Rank #1,518 · Top 18%

vs S&P -17.4%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 97.8%Top 10: 98.8%Top 20: 100.0%

EQT52.5%

SEGXX35.5%

NPWR8.4%

NPWR/WS0.8%

CRK0.6%

GRID0.3%

FDEC0.2%

QQQM0.2%

KNG0.2%

ZALT0.2%

Others (9)1.2%

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

Sector Allocation

Energy53.1%

Fund35.5%

Industrials8.4%

Financial Services2.1%

Other0.9%

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

Position Sizing

Positions: 19Median: 0.17%Avg: 5.26%

0–0.5%

14(2.2%)

0.5–1%

2(1.4%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

3(96.4%)

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

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Portfolio Overlap

Shared: 0Unique: 19vs 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

New3Increased0Decreased2Exited0

New Positions

QDEC0.1%

+6K

FFEB0.1%

+3K

BDEC0.1%

+4K

Decreased

SEGXX35.5%

-1,495,691(-2%)

CRK0.6%

-55,000(-42%)

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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