FORTEM FINANCIAL GROUP, LLC

CIK 0001766509 · Q2 2026

13F Equity AUM

$490.3M

+23.0% QoQ

Positions

188

+15 QoQ

AUM Rank

#4,984

Top 40%

Skill Alpha (FF)

+0.8%/yr^ns

No Clear Edge

Rank #2,056 · Top 25%

vs S&P +1.9%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 17.8%Top 10: 30.7%Top 20: 49.7%

KLAC4.1%

DELL4.1%

NVDA3.7%

SRLN3.1%

AMAT2.9%

LRCX2.8%

URA2.7%

AMLP2.6%

AVGO2.5%

NDQ2.3%

Others (178)69.3%

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

Sector Allocation

Technology37.6%

Financial Services30.5%

Consumer Cyclical6.9%

Industrials6.3%

Communication Services4.8%

Energy3.5%

Healthcare3.3%

Utilities2.5%

Other4.7%

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

Position Sizing

Positions: 188Median: 0.18%Avg: 0.53%

0–0.5%

134(21.0%)

0.5–1%

25(17.7%)

1–3%

25(46.4%)

3–5%

4(15.0%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 188vs 20 funds

0%Low

188

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

New22Increased84Decreased71Exited7

New Positions

ANET0.7%

+19K

RDDT0.5%

+13K

ROKU0.4%

+14K

RIG0.2%

+206K

SPACE EXPLORATION TE…0.2%

+5K

HDV0.1%

+16K

PTLC0.1%

+7K

RCL0.1%

+1K

DE0.1%

+700

QUAL0.1%

+2K

Increased

KLAC4.1%

+60K(+923%)

VNLA1.6%

+24K(+17%)

SRLN3.1%

+13K(+4%)

CSPF1.8%

+10K(+3%)

HAL0.5%

+10K(+16%)

VO0.2%

+8K(+395%)

MU1.4%

+4K(+240%)

VSLU2.1%

+4K(+2%)

VOO0.8%

+4K(+276%)

APH1.5%

+4K(+9%)

Decreased

EOG0.1%

-20,857(-92%)

ET0.6%

-11,100(-7%)

COF0.1%

-10,275(-88%)

HBAN0.1%

-6,168(-21%)

XSSPX0.5%

-4,914(-4%)

MTG0.1%

-4,833(-25%)

QUBT0.1%

-3,348(-11%)

OBDC0.0%

-3,249(-23%)

AMLP2.6%

-3,175(-1%)

LUMN0.0%

-3,150(-24%)

Exited

-10,194

-6,000

-31,347

-2,832

-8,776

-1,300

-12,004

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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