Fractal Investments LLC

CIK 0001843590 · Q2 2026

13F Equity AUM

$866.9M

+2.6% QoQ

Positions

-1 QoQ

AUM Rank

#2,648

Top 30%

Skill Alpha (FF)

+14.5%/yr^ns

No Clear Edge

Rank #236 · Top 3%

vs S&P +12.4%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 47.7%Top 10: 76.3%Top 20: 93.8%

ET12.1%

MPLX10.8%

PAA9.3%

EPD7.8%

WES7.7%

WMB7.2%

TRGP6.0%

SUN5.3%

TRP5.1%

HESM5.0%

Others (70)23.7%

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

Sector Allocation

Energy94.5%

Other5.5%

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

Position Sizing

Positions: 80Median: 0.09%Avg: 1.25%

0–0.5%

59(5.6%)

0.5–1%

4(2.6%)

1–3%

5(7.7%)

3–5%

2(7.8%)

5%+

10(76.3%)

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

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Portfolio Overlap

Shared: 0Unique: 80vs 20 funds

0%Low

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

New10Increased13Decreased4Exited11

New Positions

KEYS0.1%

+3K

RAL0.1%

+10K

CON0.1%

+20K

SPHR0.1%

+3K

VERSIGENT PLC0.0%

+6K

RIG0.0%

+48K

FTRE0.0%

+17K

GE0.0%

+660

KEX0.0%

+2K

GEF0.0%

+3K

Increased

ET12.1%

+651K(+14%)

SUN5.3%

+65K(+11%)

AM0.6%

+43K(+23%)

TRGP6.0%

+35K(+22%)

WMB7.2%

+26K(+3%)

TRP5.1%

+21K(+3%)

LNG2.1%

+10K(+15%)

SOLS0.3%

+3K(+12%)

Q0.4%

+3K(+18%)

ECG0.1%

+2K(+31%)

Decreased

MPLX10.8%

-383,185(-19%)

WES7.7%

-53,160(-3%)

HESM5.0%

-24,800(-2%)

SNDK0.9%

-1,000(-23%)

Exited

-12,601

-7,700

-5,777

-1,083

-7,862

-3,285

-6,030

-9,000

-6,409

-2,400

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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