tru Independence LLC

CIK 0001785445 · Q2 2026

13F Equity AUM

$228.7M

+13.1% QoQ

Positions

108

+6 QoQ

AUM Rank

#7,566

Top 60%

Skill Alpha (FF)

-3.9%/yr^ns

No Clear Edge

Rank #7,318 · Top 88%

vs S&P -6.7%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 43.5%Top 10: 64.4%Top 20: 80.7%

DFAC10.4%

RDVY9.2%

FBND8.7%

FTCS8.2%

DFAI7.0%

QGRW5.7%

CGGR4.6%

AAPL4.5%

HGER3.2%

XC3.0%

Others (98)35.6%

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

Sector Allocation

Financial Services88.3%

Technology7.0%

Other4.7%

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

Position Sizing

Positions: 108Median: 0.21%Avg: 0.93%

0–0.5%

83(16.6%)

0.5–1%

6(3.3%)

1–3%

8(12.6%)

3–5%

5(18.3%)

5%+

6(49.1%)

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

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Portfolio Overlap

Shared: 0Unique: 108vs 20 funds

0%Low

108

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

New8Increased52Decreased40Exited2

New Positions

INTC0.2%

+3K

CSCO0.1%

+2K

WST0.1%

+650

SCHM0.1%

+6K

LIN0.1%

+398

DFAT0.1%

+3K

FFEB0.1%

+4K

USMV0.1%

+2K

Increased

FBND8.7%

+42K(+11%)

VGT1.4%

+23K(+672%)

HGER3.2%

+15K(+6%)

FTCS8.2%

+14K(+7%)

XC3.0%

+13K(+7%)

CGGR4.6%

+9K(+4%)

OTF0.1%

+7K(+54%)

DFAC10.4%

+7K(+1%)

INCO2.4%

+6K(+7%)

HISF1.5%

+5K(+7%)

Decreased

FESM2.6%

-8,775(-7%)

QGRW5.7%

-3,019(-2%)

DUHP0.3%

-2,387(-12%)

FVD0.6%

-1,959(-7%)

REGL0.2%

-1,105(-19%)

DFAE0.3%

-684(-4%)

JPM0.5%

-638(-15%)

IEFA0.3%

-573(-7%)

IEMG0.4%

-573(-5%)

TFC0.2%

-568(-7%)

Exited

BITW

-4,870

PFE

-7,163

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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