Phraction Management LLC

CIK 0001907803 · Q2 2026

13F Equity AUM

$595.5M

+23.3% QoQ

Positions

+1 QoQ

AUM Rank

#4,481

Top 36%

Skill Alpha (FF)

-0.3%/yr^ns

No Clear Edge

Rank #3,253 · Top 39%

vs S&P -0.7%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 49.5%Top 10: 63.7%Top 20: 81.6%

SPY30.6%

AMZN5.8%

GOOGL4.6%

ASML4.5%

MSFT3.9%

ADI3.2%

TMO2.9%

ENQ2.9%

GOOG2.7%

AMAT2.6%

Others (55)36.3%

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

Sector Allocation

Financial Services42.8%

Technology22.8%

Communication Services8.8%

Healthcare6.6%

Consumer Cyclical6.0%

Industrials2.6%

Unclassified2.4%

Basic Materials2.1%

Other5.9%

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

Position Sizing

Positions: 65Median: 0.73%Avg: 1.54%

0–0.5%

32(4.2%)

0.5–1%

4(3.2%)

1–3%

23(40.0%)

3–5%

4(16.2%)

5%+

2(36.4%)

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

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Portfolio Overlap

Shared: 0Unique: 65vs 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

New2Increased15Decreased25Exited1

New Positions

HONEYWELL INTL INC1.2%

+31K

HONEYWELL AEROSPACE …1.1%

+31K

Increased

SPY30.6%

+93K(+62%)

SBEV0.0%

+54K(+77%)

PHYS/U1.5%

+24K(+9%)

META1.5%

+10K(+150%)

NOBL0.1%

+3K(+100%)

ENERGY TRANSFER L P0.1%

+3K(+4%)

TMO2.9%

+2K(+6%)

AMZN5.8%

+2K(+1%)

BRK/B1.6%

+585(+3%)

SNPS1.1%

+529(+4%)

Decreased

ADI3.2%

-29,100(-38%)

BAC0.9%

-18,213(-16%)

GOOG2.7%

-13,019(-22%)

GOOGL4.6%

-12,300(-14%)

BIL0.0%

-11,155(-82%)

DHR2.2%

-10,785(-14%)

ENQ2.9%

-10,500(-10%)

RTX1.6%

-6,300(-11%)

LRCX1.1%

-6,200(-28%)

MKTW0.3%

-6,000(-6%)

Exited

HON

-61,008

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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