Vermillion Wealth Management, Inc.

CIK 0001737012 · Q2 2026

13F Equity AUM

$426.5M

+67.4% QoQ

Positions

1,499

+92 QoQ

AUM Rank

#5,431

Top 43%

Skill Alpha (FF)

—

Building track record (6q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 32.1%Top 10: 46.4%Top 20: 58.1%

DFUS13.1%

BND5.5%

DFCF4.8%

DFGX4.5%

SWSBX4.2%

SUTXX3.8%

DFAI3.4%

VGT3.0%

DFAS2.3%

DFAE1.8%

Others (1489)53.6%

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

Sector Allocation

Financial Services65.3%

Fund14.0%

Fixed Income11.4%

Unclassified2.5%

Other6.8%

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

Position Sizing

Positions: 1499Median: 0.01%Avg: 0.07%

0–0.5%

1468(34.6%)

0.5–1%

13(9.2%)

1–3%

10(14.0%)

3–5%

6(23.7%)

5%+

2(18.6%)

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

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Portfolio Overlap

Shared: 0Unique: 1,499vs 20 funds

0%Low

1,499

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

New999Increased117Decreased292Exited1015

New Positions

SWSBX4.2%

+1.9M

SUTXX3.8%

+16.0M

VTEAX1.3%

+273K

SNOXX1.2%

+5.3M

VFIAX1.2%

+7K

SNSXX1.2%

+5.0M

SWPPX1.1%

+241K

SWAGX0.9%

+439K

DFUSX0.7%

+63K

SWVXX0.6%

+2.6M

Increased

VGT3.0%

+95K(+677%)

DFGX4.5%

+45K(+15%)

DFUS13.1%

+38K(+6%)

DYNF0.2%

+13K(+1863%)

SCHD1.2%

+13K(+8%)

DFAI3.4%

+12K(+4%)

BND5.5%

+6K(+2%)

DFAE1.8%

+5K(+3%)

DFNM0.8%

+5K(+7%)

VUG0.1%

+4K(+497%)

Decreased

SCHX0.4%

-48,294(-47%)

SCHZ0.1%

-36,196(-66%)

SCHF0.1%

-31,400(-60%)

UNH0.0%

-13,006(-99%)

DFCF4.8%

-11,372(-2%)

SCHO0.0%

-9,601(-90%)

FNDF0.0%

-7,830(-95%)

SOUN0.0%

-6,200(-67%)

BRK/B1.2%

-5,272(-34%)

SCHG0.2%

-4,893(-19%)

Exited

-23,542

-2,526

-2,772

-1,000

-360

-600

-1,729

-310

-192

-2,826

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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