SONA ASSET MANAGEMENT (US) LLC

CIK 0001856405 · Q1 2026

13F Equity AUM

$4.7B

+10.6% QoQ

Positions

328

+194 QoQ

AUM Rank

#1,054

Top 9%

Skill Alpha (FF)

-6.5%/yr^ns

No Clear Edge

Rank #7,705 · Top 94%

vs S&P -14.4%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 38.1%Top 10: 53.9%Top 20: 70.7%

TLT18.6%

SATS7.3%

LI 0.25 05/01/285.3%

LQD3.5%

WBD3.4%

EWZ3.4%

BKLN3.3%

AES3.3%

RSP3.1%

BILL 0 04/01/302.6%

Others (318)46.1%

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

Sector Allocation

Financial Services52.6%

Unclassified15.4%

Technology14.7%

Communication Services5.0%

Consumer Cyclical4.6%

Utilities3.3%

Fixed Income2.5%

Other1.9%

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

Position Sizing

Positions: 328Median: 0.05%Avg: 0.30%

0–0.5%

297(21.0%)

0.5–1%

9(6.0%)

1–3%

13(21.7%)

3–5%

6(20.1%)

5%+

3(31.2%)

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

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Portfolio Overlap

Shared: 161Unique: 167vs 20 funds

2.2%Low

328

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)

JPMORGAN CHASE & CO

3.1%

MORGAN STANLEY

1.8%

BANK OF AMERICA CORP /DE/

1.9%

BlackRock, Inc.

2.2%

STATE STREET CORP

FMR LLC

2.2%

GEODE CAPITAL MANAGEMENT, LLC

1.5%

VANGUARD CAPITAL MANAGEMENT LLC

1.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.6%

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

New256Increased27Decreased25Exited61

New Positions

AES3.3%

+11.1M

EEM2.5%

+2.1M

VCIT1.2%

+702K

ECH1.1%

+1.3M

SPLB1.1%

+2.3M

FOUR 0.5 08/01/270.9%

+45.6M

EWU0.9%

+900K

SLAB0.8%

+175K

TTE0.6%

+300K

SMH0.4%

+50K

Increased

LI 0.25 05/01/285.3%

+219.0M(+695%)

BILL 0 04/01/302.6%

+56.2M(+70%)

AKAM 1.125 02/15/292.3%

+47.2M(+102%)

DKNG 0 03/15/281.5%

+45.5M(+138%)

TCOM 0.75 06/15/292.2%

+35.0M(+54%)

TLT18.6%

+9.6M(+1597%)

BKLN3.3%

+7.4M(+2323%)

WBD3.4%

+4.9M(+494%)

SATS7.3%

+2.7M(+873%)

BACC0.7%

+1.4M(+71%)

Decreased

MCHP 0.75 06/01/300.3%

-54,626,000(-79%)

ETSY 0.125 10/01/261.8%

-32,000,000(-27%)

HTHT 3 05/01/260.6%

-10,000,000(-33%)

LQD3.5%

-5,478,110(-78%)

DCH0.1%

-4,237,937(-81%)

COIN 0.5 06/01/260.5%

-2,500,000(-10%)

IGSB1.4%

-1,015,546(-45%)

IHS0.2%

-651,337(-42%)

KYIVW1.2%

-421,709(-7%)

NDQ1.6%

-417,000(-76%)

Exited

-4,015,000

-152,175,000

-110,965,000

-1,834,874

-105,002,000

-875,500

-64,300,000

-900,000

-42,500,000

-47,500,000

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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