Kozak & Associates, Inc.

CIK 0001764970 · Q2 2026

13F Equity AUM

$576.1M

+12.3% QoQ

Positions

407

-11 QoQ

AUM Rank

#3,395

Top 39%

Skill Alpha (FF)

+2.8%/yr^ns

No Clear Edge

Rank #1,106 · Top 13%

vs S&P +2.4%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 40.6%Top 10: 62.9%Top 20: 90.2%

IETC8.5%

SPYG8.4%

SPY8.2%

NDQ8.0%

RWL7.4%

IYG4.9%

IJK4.6%

PJFV4.4%

SMH4.3%

IYJ4.1%

Others (397)37.1%

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

Sector Allocation

Financial Services73.9%

Technology13.0%

Consumer Cyclical3.7%

Consumer Defensive2.3%

Communication Services2.1%

Other5.0%

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

Position Sizing

Positions: 407Median: 0.00%Avg: 0.25%

0–0.5%

386(8.4%)

0.5–1%

0(0.0%)

1–3%

6(10.8%)

3–5%

10(40.2%)

5%+

5(40.6%)

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

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Portfolio Overlap

Shared: 0Unique: 407vs 20 funds

0%Low

407

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

New24Increased134Decreased78Exited25

New Positions

PJFV4.4%

+259K

EMXC2.4%

+140K

NLR1.3%

+67K

ENERGY TRANSFER L P …0.0%

+8K

MRP0.0%

+4K

EL0.0%

+365

GSY0.0%

ADI0.0%

GD0.0%

AMLP0.0%

+19

Increased

PYLD3.1%

+669K(+5449%)

IJK4.6%

+216K(+1526%)

FNDE1.4%

+209K(+63629%)

SPYG8.4%

+103K(+34%)

GOOG1.6%

+19K(+299%)

SKYX0.0%

+10K(+100%)

NOBL0.1%

+6K(+90%)

DON1.9%

+4K(+26%)

MSFT3.6%

+4K(+7%)

SAJA0.0%

+2K(+400%)

Decreased

RWL7.4%

-252,834(-43%)

IETC8.5%

-189,328(-29%)

IYG4.9%

-124,951(-29%)

IYJ4.1%

-75,147(-34%)

SMH4.3%

-25,664(-39%)

NVDA4.0%

-13,956(-11%)

AAPL4.0%

-6,908(-8%)

NDQ8.0%

-5,935(-9%)

AMZN3.2%

-3,850(-5%)

ETHA0.0%

-3,093(-60%)

Exited

-1,000

-533

-72

-1,088

-5

-32

-38

-2

-27

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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