Apeiron RIA LLC

CIK 0001801846 · Q1 2026

13F Equity AUM

$431.4M

-12.5% QoQ

Positions

204

-3 QoQ

AUM Rank

#4,736

Top 38%

Skill Alpha (FF)

-3.7%/yr^ns

No Clear Edge

Rank #6,855 · Top 83%

vs S&P -5.9%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 25.0%Top 10: 39.6%Top 20: 57.4%

IVV8.6%

IUSB4.7%

IEMG4.1%

DFIV4.0%

DYNF3.5%

AVUV3.5%

EFV3.3%

AVDV2.8%

MUB2.6%

SPYM2.3%

Others (194)60.4%

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

Sector Allocation

Financial Services89.6%

Technology3.4%

Other7.0%

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

Position Sizing

Positions: 204Median: 0.16%Avg: 0.49%

0–0.5%

162(25.6%)

0.5–1%

17(11.7%)

1–3%

18(30.9%)

3–5%

6(23.3%)

5%+

1(8.6%)

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

Loading summary cards...

Portfolio Overlap

Shared: 202Unique: 2vs 20 funds

2.8%Low

204

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

3.7%

BANK OF AMERICA CORP /DE/

3.9%

3.6%

3.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

GEODE CAPITAL MANAGEMENT, LLC

1.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New15Increased65Decreased91Exited18

New Positions

IDEF0.6%

+74K

IYE0.4%

+27K

LMUB0.4%

+31K

IFRA0.3%

+19K

SVAL0.3%

+30K

BXSL0.2%

+38K

VLUE0.2%

+6K

RDVY0.2%

+12K

CORO0.2%

+23K

ACWX0.2%

+10K

Increased

AXD20.1%

+46K(+18%)

SPDW0.7%

+23K(+53%)

IBIT0.7%

+15K(+23%)

BOXX1.6%

+13K(+28%)

BSCU0.3%

+13K(+22%)

BSCV0.3%

+12K(+21%)

PXH0.2%

+10K(+55%)

BSCT0.3%

+10K(+17%)

BSCS0.3%

+9K(+17%)

BSCQ0.3%

+9K(+16%)

Decreased

DYNF3.5%

-126,564(-33%)

THRO0.5%

-83,115(-58%)

BAI1.2%

-76,551(-33%)

IVW1.1%

-34,619(-45%)

QUAL2.3%

-33,343(-39%)

IAGG0.2%

-27,838(-60%)

IVE1.1%

-25,333(-53%)

TLH0.1%

-21,230(-83%)

SIVR0.9%

-16,404(-23%)

XLG0.8%

-15,491(-20%)

Exited

-16,184

-17,385

-7,413

-20,586

-9,890

-2,091

-3,857

-2,854

-3,126

-548

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...