Advisory Resource Group

CIK 0001764968 · Q1 2026

13F Equity AUM

$581.1M

+2.2% QoQ

Positions

172

+1 QoQ

AUM Rank

#3,947

Top 32%

Skill Alpha (FF)

-3.5%/yr^ns

No Clear Edge

Rank #6,682 · Top 81%

vs S&P -10.1%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 25.9%Top 10: 39.7%Top 20: 53.8%

QDPL6.8%

PSX6.5%

COP5.0%

JSI4.1%

PTRB3.6%

PSQO3.4%

PATN3.1%

JMEE3.0%

SPAB2.2%

AVDE2.1%

Others (162)60.3%

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

Sector Allocation

Financial Services60.5%

Energy16.7%

Technology9.4%

Industrials4.5%

Other8.9%

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

Position Sizing

Positions: 172Median: 0.25%Avg: 0.58%

0–0.5%

123(21.9%)

0.5–1%

21(15.7%)

1–3%

21(30.0%)

3–5%

5(19.1%)

5%+

2(13.3%)

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

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Portfolio Overlap

Shared: 158Unique: 14vs 20 funds

2.2%Low

172

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.8%

JPMORGAN CHASE & CO

3.1%

BANK OF AMERICA CORP /DE/

3.1%

FMR LLC

4.6%

BlackRock, Inc.

3.2%

STATE STREET CORP

3.2%

GEODE CAPITAL MANAGEMENT, LLC

2.7%

VANGUARD CAPITAL MANAGEMENT LLC

2.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New15Increased93Decreased52Exited14

New Positions

CRM1.1%

+36K

SCHW1.1%

+70K

BKR1.1%

+101K

PAB0.9%

+123K

PVAL0.5%

+66K

XLP0.4%

+26K

AFRM0.2%

+30K

MU0.2%

+3K

CNR0.2%

+11K

APH0.2%

+9K

Increased

SPAB2.2%

+33K(+7%)

PATN3.1%

+30K(+5%)

INMU0.7%

+29K(+22%)

PTRB3.6%

+27K(+6%)

FLIN0.4%

+24K(+55%)

CPNG0.3%

+18K(+30%)

JMEE3.0%

+14K(+6%)

PHYL0.9%

+8K(+6%)

FYEE1.3%

+8K(+3%)

VEMY0.7%

+8K(+5%)

Decreased

PSQO3.4%

-159,077(-14%)

HERD0.3%

-103,576(-72%)

PULS0.9%

-42,574(-28%)

PSX6.5%

-30,171(-13%)

VALE0.3%

-29,827(-25%)

INDS0.6%

-27,344(-23%)

KMID0.0%

-27,046(-76%)

JSI4.1%

-21,988(-5%)

COP5.0%

-19,981(-8%)

XLB0.4%

-16,090(-27%)

Exited

-58,198

-78,844

-31,810

-4,390

-2,658

-27,523

-8,866

-57,998

-7,003

-8,536

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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