Herold Advisors, Inc.

CIK 0001891713 · Q2 2026

13F Equity AUM

$505.9M

+11.1% QoQ

Positions

273

+10 QoQ

AUM Rank

#4,898

Top 39%

Skill Alpha (FF)

-1.5%/yr^ns

No Clear Edge

Rank #5,109 · Top 62%

vs S&P -1.8%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 16.9%Top 10: 26.3%Top 20: 40.7%

AAPL4.7%

NVDA4.5%

MSFT2.8%

LLY2.5%

DFUS2.4%

AVUS2.1%

AVLC1.9%

JPM1.9%

GOOGL1.8%

XOM1.8%

Others (263)73.7%

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

Sector Allocation

Financial Services44.8%

Technology19.8%

Healthcare8.5%

Communication Services5.1%

Energy4.8%

Industrials4.8%

Consumer Cyclical3.7%

Consumer Defensive3.5%

Other5.1%

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

Position Sizing

Positions: 273Median: 0.16%Avg: 0.37%

0–0.5%

219(34.9%)

0.5–1%

31(21.3%)

1–3%

21(34.6%)

3–5%

2(9.2%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 273vs 20 funds

0%Low

273

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

New18Increased112Decreased87Exited8

New Positions

DFSD0.1%

+12K

AEP0.1%

+3K

PANW0.1%

+1K

CFG0.1%

+4K

EPD0.1%

+7K

TTE0.1%

+3K

Q0.1%

+2K

UBER0.1%

+3K

DKS0.1%

+1K

KHC0.0%

+8K

Increased

AVLC1.9%

+18K(+20%)

DFUS2.4%

+17K(+13%)

IQDY1.1%

+15K(+14%)

DFCF1.6%

+14K(+8%)

AVIG1.5%

+14K(+8%)

IGIB1.1%

+13K(+13%)

VUG0.3%

+12K(+522%)

SKOR1.1%

+11K(+12%)

JBND0.3%

+11K(+87%)

BBBI0.3%

+10K(+62%)

Decreased

DSTL0.6%

-19,526(-28%)

BNDC0.1%

-10,698(-43%)

JPIE0.2%

-8,558(-25%)

USFR0.3%

-8,116(-22%)

JPST0.7%

-6,626(-9%)

JQUA0.2%

-5,896(-34%)

HYGV0.1%

-5,455(-33%)

QLV0.1%

-4,768(-45%)

F0.1%

-4,318(-14%)

BIP0.7%

-4,150(-4%)

Exited

-2,480

-5,427

-4,258

-3,340

-5,152

-888

-4,500

FDX

-570

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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