WILLNER & HELLER, LLC

CIK 0001927796 · Q2 2026

13F Equity AUM

$159.7M

+19.0% QoQ

Positions

165

+4 QoQ

AUM Rank

#6,953

Top 79%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #3,294 · Top 40%

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

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 18.3%Top 10: 29.4%Top 20: 43.7%

NVDA5.4%

RDVY3.4%

AAPL3.4%

IWF3.0%

AMD3.0%

LRCX2.4%

MSFT2.3%

GOOGL2.3%

AMAT2.1%

AMZN2.0%

Others (155)70.6%

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

Sector Allocation

Financial Services49.0%

Technology30.4%

Healthcare6.1%

Industrials3.9%

Consumer Cyclical3.8%

Communication Services3.7%

Other3.2%

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

Position Sizing

Positions: 165Median: 0.34%Avg: 0.61%

0–0.5%

107(28.3%)

0.5–1%

34(23.9%)

1–3%

19(29.5%)

3–5%

4(12.9%)

5%+

1(5.4%)

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

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Portfolio Overlap

Shared: 0Unique: 165vs 20 funds

0%Low

165

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

New11Increased90Decreased55Exited7

New Positions

VST0.2%

+2K

VOLT0.2%

+9K

STX0.2%

+292

LITE0.2%

+324

MRVL0.1%

+820

CDNS0.1%

+647

IWY0.1%

+749

SPY0.1%

+280

TXN0.1%

+709

ANET0.1%

+1K

Increased

IWF3.0%

+29K(+300%)

MGK1.3%

+18K(+403%)

VUG0.7%

+10K(+501%)

FTSM1.5%

+5K(+14%)

AIS0.6%

+5K(+71%)

PIZ0.3%

+4K(+76%)

VOOG0.2%

+3K(+500%)

BKNG0.2%

+2K(+3254%)

GDX0.2%

+912(+26%)

CEG0.4%

+825(+46%)

Decreased

ABT0.1%

-3,810(-62%)

ARM2.0%

-3,392(-27%)

AMD3.0%

-1,741(-17%)

NVDA5.4%

-1,444(-3%)

LRCX2.4%

-1,412(-14%)

NFLX0.2%

-1,210(-24%)

JSML0.8%

-1,173(-8%)

SPYI0.1%

-921(-19%)

AMAT2.1%

-849(-16%)

BALI0.1%

-846(-12%)

Exited

-9,770

-2,039

-192

-1,725

-311

-2,400

-3,144

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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