SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC

CIK 0001794153 · Q2 2026

13F Equity AUM

$523.9M

+8.8% QoQ

Positions

174

+1 QoQ

AUM Rank

#4,804

Top 38%

Skill Alpha (FF)

+1.3%/yr^ns

No Clear Edge

Rank #1,700 · Top 20%

vs S&P -0.6%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 33.8%Top 10: 49.9%Top 20: 64.1%

BRK/B11.4%

AAPL7.1%

DGRO5.2%

DFAU5.2%

PHYS/U4.9%

GOOGL4.7%

DVY3.8%

DFAI3.0%

VGK2.4%

AVUV2.3%

Others (164)50.1%

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

Sector Allocation

Financial Services60.0%

Technology12.3%

Communication Services7.7%

Financials5.5%

Consumer Cyclical3.1%

Consumer Defensive2.8%

Healthcare2.6%

Other6.0%

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

Position Sizing

Positions: 174Median: 0.16%Avg: 0.57%

0–0.5%

135(19.9%)

0.5–1%

13(9.4%)

1–3%

19(28.4%)

3–5%

3(13.3%)

5%+

4(28.9%)

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

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Portfolio Overlap

Shared: 0Unique: 174vs 20 funds

0%Low

174

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

New9Increased60Decreased69Exited8

New Positions

INFLEQTION INC0.3%

+128K

HONEYWELL AEROSPACE …0.3%

+6K

HONEYWELL INTL INC0.3%

+6K

AMAT0.1%

+476

ANET0.1%

+1K

MSGS0.1%

+617

QCOM0.0%

+1K

LAMR0.0%

+1K

IWM0.0%

+760

Increased

LOCL0.0%

+44K(+79%)

IGR0.3%

+22K(+7%)

HDV0.1%

+16K(+445%)

DGRO5.2%

+13K(+4%)

FAX0.2%

+13K(+19%)

DSL0.3%

+12K(+10%)

JAMES HARDIE INDS PL…0.3%

+9K(+16%)

WY0.5%

+8K(+9%)

XNIEX1.2%

+8K(+4%)

XFRAX0.2%

+8K(+8%)

Decreased

PHYS/U4.9%

-7,725(-1%)

LAND0.2%

-6,238(-5%)

DFAC1.0%

-3,793(-3%)

DFIC0.4%

-2,659(-4%)

PG0.3%

-1,995(-17%)

DFEV0.6%

-1,896(-3%)

AAPL7.1%

-1,548(-1%)

VWO1.3%

-1,344(-1%)

BRK/B11.4%

-1,296(-1%)

GEHC0.1%

-1,026(-13%)

Exited

-11,974

-3,914

-163,141

-2,300

-2,476

-8,965

-1,657

-621

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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