Advisor Resource Council

CIK 0001820879 · Q1 2026

13F Equity AUM

$309.0M

+9.8% QoQ

Positions

228

-3 QoQ

AUM Rank

#5,779

Top 46%

Skill Alpha (FF)

-0.3%/yr^ns

No Clear Edge

Rank #2,662 · Top 32%

vs S&P -4.5%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 43.0%Top 10: 50.3%Top 20: 58.9%

SPY33.0%

RSP4.2%

AAPL2.4%

IWM1.8%

JPM1.7%

BUFR1.7%

NVDA1.6%

GQ91.4%

XLK1.3%

BILS1.3%

Others (218)49.7%

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

Sector Allocation

Financial Services75.8%

Technology9.6%

Industrials2.4%

Consumer Cyclical2.3%

Healthcare2.1%

Other7.9%

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

Position Sizing

Positions: 228Median: 0.18%Avg: 0.44%

0–0.5%

200(36.5%)

0.5–1%

16(10.9%)

1–3%

10(15.4%)

3–5%

1(4.2%)

5%+

1(33.0%)

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

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Portfolio Overlap

Shared: 221Unique: 7vs 20 funds

3%Low

228

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

4.2%

BANK OF AMERICA CORP /DE/

4.5%

4.3%

5.7%

3.9%

3.8%

GEODE CAPITAL MANAGEMENT, LLC

2.9%

VANGUARD CAPITAL MANAGEMENT LLC

VANGUARD PORTFOLIO MANAGEMENT LLC

3.5%

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

New20Increased120Decreased76Exited23

New Positions

VEA0.4%

+18K

PDBC0.4%

+68K

FXU0.2%

+11K

IYH0.1%

+7K

LPLA0.1%

+1K

SUB0.1%

+3K

XLB0.1%

+5K

ULST0.1%

+7K

TRGP0.1%

+917

AMAT0.1%

+641

Increased

MMSC0.2%

+13K(+79%)

IWM1.8%

+11K(+100%)

BILS1.3%

+10K(+36%)

JHSC0.3%

+9K(+74%)

BIL0.3%

+7K(+149%)

SPAB0.4%

+6K(+14%)

XLE0.4%

+6K(+38%)

SPBO0.4%

+6K(+18%)

SPSB0.3%

+6K(+24%)

JPST0.3%

+5K(+45%)

Decreased

SFLR0.3%

-47,305(-68%)

VWO0.1%

-24,040(-75%)

BUFF0.1%

-16,588(-64%)

NDQ0.3%

-14,543(-91%)

PAAA0.1%

-13,475(-60%)

BUFR1.7%

-12,744(-8%)

RSP4.2%

-12,530(-16%)

EWJ1.2%

-10,763(-20%)

RDVY0.2%

-9,416(-49%)

CGGE0.1%

-7,701(-51%)

Exited

-22,385

-754

-5,210

-14,830

-4,559

-5,172

-8,950

-7,862

-10,665

-9,350

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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