National Philanthropic Trust

CIK 0001785342 · Q1 2026

13F Equity AUM

$9.4B

-7.4% QoQ

Positions

365

-21 QoQ

AUM Rank

#670

Top 5%

Skill Alpha (FF)

+8.0%/yr^ns

No Clear Edge

Rank #385 · Top 5%

vs S&P +18.9%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 56.1%Top 10: 70.5%Top 20: 82.8%

NVDA18.1%

GOOGL11.5%

APO10.7%

IVV10.7%

AVGO5.2%

AMZN4.0%

VOO3.3%

GOOG2.5%

BX2.4%

CVNA2.2%

Others (355)29.5%

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

Sector Allocation

Financial Services45.1%

Technology28.1%

Communication Services14.4%

Consumer Cyclical7.5%

Other4.9%

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

Position Sizing

Positions: 365Median: 0.02%Avg: 0.27%

0–0.5%

341(14.6%)

0.5–1%

8(5.9%)

1–3%

9(16.1%)

3–5%

2(7.3%)

5%+

5(56.1%)

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

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Portfolio Overlap

Shared: 354Unique: 11vs 20 funds

4.8%Low

365

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

6.6%

BANK OF AMERICA CORP /DE/

7.2%

6.8%

7.3%

9.4%

6.6%

GEODE CAPITAL MANAGEMENT, LLC

5.7%

VANGUARD CAPITAL MANAGEMENT LLC

5.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

6.4%

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

New41Increased82Decreased110Exited62

New Positions

HTRB0.3%

+800K

MDLN0.3%

+555K

ALLW0.2%

+517K

SUNBELT RENTALS HOLD…0.1%

+74K

JPST0.0%

+72K

ZTS0.0%

+35K

JAAA0.0%

+47K

HORIZON QUANTUM HOLD…0.0%

+232K

LNG0.0%

+6K

JBBB0.0%

+34K

Increased

BSV1.3%

+716K(+87%)

AMZN4.0%

+553K(+44%)

GOOGL11.5%

+385K(+11%)

BX2.4%

+372K(+23%)

AGG1.9%

+282K(+19%)

VEA0.2%

+145K(+76%)

SLNO0.1%

+130K(+188%)

TSLX0.0%

+70K(+48%)

DSI0.2%

+68K(+71%)

BTSG0.0%

+54K(+143%)

Decreased

OWL0.3%

-1,000,000(-22%)

AMD0.1%

-733,974(-96%)

LYFT0.0%

-389,721(-90%)

IBIT0.0%

-191,075(-83%)

IAU*0.7%

-166,002(-18%)

VIG0.0%

-95,508(-94%)

BABA0.0%

-39,808(-69%)

EMXC0.0%

-31,708(-72%)

CRCL0.0%

-30,807(-50%)

AAPL0.2%

-29,357(-25%)

Exited

SUSL

-156,176

-410,351

-91,657

-219,296

-254,734

-31,602

-53,387

-16,302

-1,227

-11,976

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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