CFS Investment Advisory Services, LLC

CIK 0001845688 · Q2 2026

13F Equity AUM

$1.5B

+3.3% QoQ

Positions

357

+4 QoQ

AUM Rank

#2,738

Top 22%

Skill Alpha (FF)

-2.2%/yr^ns

No Clear Edge

Rank #6,140 · Top 74%

vs S&P -4.1%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 25.4%Top 10: 34.8%Top 20: 48.0%

SPYM8.7%

PTLC7.9%

VUG3.7%

IWD2.7%

DYNF2.4%

IVV2.1%

VEA2.0%

DFAC1.9%

IJH1.8%

CORO1.5%

Others (347)65.2%

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

Sector Allocation

Financial Services83.4%

Technology4.4%

Healthcare2.6%

Other9.6%

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

Position Sizing

Positions: 357Median: 0.08%Avg: 0.28%

0–0.5%

311(32.5%)

0.5–1%

24(17.4%)

1–3%

19(29.8%)

3–5%

1(3.7%)

5%+

2(16.6%)

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

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Portfolio Overlap

Shared: 0Unique: 357vs 20 funds

0%Low

357

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

New15Increased126Decreased189Exited11

New Positions

IALT1.0%

+516K

IEF0.2%

+38K

GGOV0.1%

+17K

VTEI0.1%

+8K

TSCO0.0%

+12K

XLK0.0%

+2K

GVI0.0%

+5K

XLI0.0%

+2K

GWX0.0%

+7K

XLE0.0%

+6K

Increased

VUG3.7%

+545K(+507%)

SPYM8.7%

+380K(+34%)

IUSB1.5%

+110K(+30%)

NOBL0.7%

+95K(+101%)

VEA2.0%

+84K(+25%)

VGIT1.0%

+66K(+35%)

IJH1.8%

+56K(+18%)

BND0.9%

+54K(+41%)

VWO0.9%

+49K(+27%)

SPSM0.4%

+37K(+62%)

Decreased

SPTL0.9%

-264,221(-34%)

THRO0.7%

-150,708(-39%)

EFV0.2%

-138,851(-78%)

BAI1.1%

-121,267(-26%)

BINC0.2%

-90,371(-58%)

DVYE0.4%

-66,923(-26%)

SCHZ0.8%

-60,707(-10%)

QUAL0.4%

-60,231(-68%)

DYNF2.4%

-56,640(-10%)

QDF0.1%

-49,456(-67%)

Exited

-31,200

-717

-10,712

-3,177

-1,470

-750

-3,777

-439

-137

-603

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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