National Philanthropic Trust

CIK 0001785342 · Q2 2026

13F Equity AUM

$6.9B

-26.3% QoQ

Positions

409

-365 QoQ

AUM Rank

#1,320

Top 11%

Skill Alpha (FF)

+8.0%/yr^ns

No Clear Edge

Rank #389 · Top 5%

vs S&P +13.8%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 47.3%Top 10: 62.0%Top 20: 75.6%

IVV16.5%

APO15.6%

VOO5.6%

GOOGL5.4%

GOOG4.2%

NVDA3.7%

BX3.3%

CVNA2.6%

AGG2.6%

IEFA2.4%

Others (399)38.0%

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

Sector Allocation

Financial Services68.6%

Communication Services10.4%

Technology8.8%

Consumer Cyclical5.1%

Healthcare2.4%

Other4.7%

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

Position Sizing

Positions: 409Median: 0.02%Avg: 0.24%

0–0.5%

379(18.1%)

0.5–1%

13(9.0%)

1–3%

10(18.6%)

3–5%

3(11.2%)

5%+

4(43.1%)

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

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Portfolio Overlap

Shared: 0Unique: 409vs 20 funds

0%Low

409

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

New68Increased128Decreased81Exited24

New Positions

ADMA0.1%

+1.2M

GDOT0.1%

+450K

RBB FUND TRUST0.1%

+162K

VONV0.1%

+44K

CEREBRAS SYSTEMS INC0.1%

+18K

PUMP0.1%

+300K

AXP0.1%

+11K

ROP0.1%

+10K

AVO0.1%

+318K

QRVO0.0%

+24K

Increased

CVNA2.6%

+2.1M(+319%)

VO1.6%

+1.0M(+293%)

VXUS0.8%

+354K(+138%)

TSLX0.1%

+135K(+63%)

APO15.6%

+133K(+1%)

EFA0.5%

+115K(+51%)

KKR0.6%

+51K(+13%)

EOSE0.0%

+47K(+19%)

VOO5.6%

+44K(+8%)

ET0.0%

+43K(+90%)

Decreased

NVDA3.7%

-8,453,195(-87%)

GOOGL5.4%

-2,692,266(-72%)

AMZN0.6%

-1,623,718(-90%)

AVGO0.1%

-1,545,021(-99%)

MSFT0.2%

-415,403(-90%)

LUNR0.0%

-250,000(-83%)

ALLW0.1%

-152,934(-30%)

ABX0.1%

-125,000(-25%)

CRGOW0.0%

-120,000(-38%)

IEMG1.2%

-86,460(-8%)

Exited

-325,000

-200,000

-91,084

-85,491

-66,398

-11,000

-6,158

-4,474

-7,956

-16,429

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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