LFA - Lugano Financial Advisors SA

CIK 0001737871 · Q2 2026

13F Equity AUM

$166.2M

-15.5% QoQ

Positions

274

+51 QoQ

AUM Rank

#8,803

Top 70%

Skill Alpha (FF)

-2.1%/yr^ns

No Clear Edge

Rank #6,032 · Top 73%

vs S&P -7.0%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 41.9%Top 10: 53.8%Top 20: 71.1%

SPY22.6%

FNDE7.8%

GQ94.9%

IGIB3.4%

VCSH3.1%

VWOB2.9%

VSGX2.6%

QAI2.2%

FTLS2.2%

TLH2.0%

Others (264)46.2%

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

Sector Allocation

Financial Services89.2%

Technology3.5%

Consumer Cyclical2.2%

Other5.1%

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

Position Sizing

Positions: 274Median: 0.04%Avg: 0.36%

0–0.5%

240(17.0%)

0.5–1%

11(8.3%)

1–3%

18(32.8%)

3–5%

3(11.4%)

5%+

2(30.4%)

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

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 274vs 20 funds

0%Low

274

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.

Loading overlap analysis...

Position Changes This Quarter

New64Increased45Decreased27Exited12

New Positions

PHYS/U0.3%

+18K

GARP0.2%

+5K

MGC0.2%

+1K

EWC0.1%

+3K

FEP0.1%

+2K

XNTK0.1%

+250

AIA0.1%

+650

HEEM0.1%

+2K

ACWI0.1%

+610

GDXJ0.1%

+1K

Increased

IGIB3.4%

+10K(+10%)

VGT0.8%

+9K(+700%)

SPY22.6%

+9K(+21%)

VCSH3.1%

+9K(+15%)

VSGX2.6%

+8K(+19%)

QAI2.2%

+7K(+7%)

VCIT0.4%

+7K(+458%)

VO0.2%

+3K(+343%)

IBDV1.3%

+3K(+3%)

ICLN0.2%

+1K(+8%)

Decreased

IBND0.0%

-124,430(-99%)

PDBC0.0%

-44,958(-95%)

FEZ1.7%

-31,315(-44%)

SJNK2.0%

-17,735(-12%)

GDX0.9%

-14,115(-41%)

GQ94.9%

-8,889(-28%)

EMB0.3%

-8,873(-63%)

IBDU2.0%

-7,134(-5%)

FNDE7.8%

-6,135(-2%)

VWOB2.9%

-4,049(-5%)

Exited

-229,552

-457,113

-28,863

-31,504

-11,497

-1,669

-2,117

-2,882

-360

-110

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...