Investment Research & Advisory Group, Inc.

CIK 0001802136 · Q2 2026

13F Equity AUM

$323.9M

+13.1% QoQ

Positions

306

+36 QoQ

AUM Rank

#4,817

Top 55%

Skill Alpha (FF)

-0.7%/yr^ns

No Clear Edge

Rank #3,865 · Top 47%

vs S&P -1.1%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 43.5%Top 10: 55.8%Top 20: 72.0%

VOO25.0%

AAPL6.9%

GOOGL4.6%

NVDA4.0%

AMZN3.0%

LLY2.8%

JPM2.6%

MSFT2.5%

ASML2.3%

MA2.2%

Others (296)44.2%

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

Sector Allocation

Financial Services47.2%

Technology20.1%

Communication Services7.7%

Healthcare7.2%

Industrials6.6%

Consumer Cyclical5.8%

Consumer Defensive2.8%

Other2.7%

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

Position Sizing

Positions: 306Median: 0.01%Avg: 0.33%

0–0.5%

268(11.0%)

0.5–1%

10(7.8%)

1–3%

23(37.7%)

3–5%

3(11.7%)

5%+

2(31.8%)

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

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Portfolio Overlap

Shared: 0Unique: 306vs 20 funds

0%Low

306

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

New46Increased103Decreased34Exited10

New Positions

ISRG0.4%

+3K

IWF0.0%

+1K

SPYD0.0%

+2K

IWD0.0%

+417

FEDEX FGHT HLDG CO I…0.0%

+597

APH0.0%

+347

UNP0.0%

+186

LGND0.0%

+206

AMAT0.0%

+28

TOST0.0%

+627

Increased

BKNG0.9%

+16K(+2402%)

SCHD0.0%

+4K(+71120%)

IEMG0.4%

+2K(+17%)

KKR0.4%

+2K(+21%)

VOO25.0%

+2K(+2%)

SPHY0.2%

+2K(+9%)

IEFA0.6%

+1K(+7%)

PFE0.0%

+1K(+225%)

SO0.1%

+1K(+216%)

PRF0.1%

+1K(+51%)

Decreased

MRK0.1%

-3,822(-61%)

JNJ1.4%

-3,383(-16%)

TMO0.0%

-3,258(-99%)

NVDA4.0%

-1,584(-2%)

RSP0.0%

-830(-99%)

GOOGL4.6%

-806(-2%)

VEEV0.7%

-573(-4%)

MCD0.0%

-407(-77%)

PG0.0%

-384(-89%)

SMH0.0%

-306(-91%)

Exited

BRO

-835

OXY/WS

-7

CRWV

-3

-93

-2

-109

-110

-90

-55

-43

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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