Citizens Business Bank

CIK 0001948632 · Q1 2026

13F Equity AUM

$610.3M

+0.8% QoQ

Positions

135

+1 QoQ

AUM Rank

#3,824

Top 31%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #2,882 · Top 35%

vs S&P -4.6%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 31.3%Top 10: 42.3%Top 20: 58.4%

IWR10.4%

VEA9.6%

NVDA5.1%

AVGO3.2%

AAPL3.1%

PWR2.5%

PLTR2.3%

CVBF2.2%

MSFT2.0%

XPOF2.0%

Others (125)57.7%

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

Sector Allocation

Financial Services43.3%

Technology21.1%

Consumer Cyclical7.5%

Healthcare6.5%

Industrials6.4%

Energy5.4%

Communication Services4.3%

Consumer Defensive2.5%

Other3.0%

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

Position Sizing

Positions: 135Median: 0.22%Avg: 0.74%

0–0.5%

75(8.2%)

0.5–1%

31(23.2%)

1–3%

24(37.3%)

3–5%

2(6.3%)

5%+

3(25.0%)

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

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Portfolio Overlap

Shared: 135Unique: 0vs 20 funds

1.8%Low

135

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)

MORGAN STANLEY

2.6%

JPMORGAN CHASE & CO

2.8%

BANK OF AMERICA CORP /DE/

2.8%

BlackRock, Inc.

3.3%

FMR LLC

4.5%

STATE STREET CORP

3.6%

VANGUARD CAPITAL MANAGEMENT LLC

3.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.1%

GEODE CAPITAL MANAGEMENT, LLC

3.3%

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

New7Increased5Decreased87Exited6

New Positions

XPOF2.0%

+2.0M

FCAL0.9%

+119K

SHW0.7%

+13K

ALLE0.2%

+7K

WSO0.1%

+1K

FDX0.0%

+661

FTNT0.0%

+2K

Increased

NFLX0.9%

+51K(+1259%)

JBND1.9%

+5K(+2%)

CHV1.2%

+174(+0%)

VEEV0.6%

+94(+0%)

BROS0.7%

+13(+0%)

Decreased

VEA9.6%

-9,876(-1%)

JPM1.2%

-7,781(-24%)

USB0.8%

-5,171(-5%)

GLW0.1%

-5,085(-45%)

IWR10.4%

-4,127(-1%)

IJR1.1%

-3,660(-7%)

GS1.1%

-3,452(-30%)

NVDA5.1%

-3,039(-2%)

EFA1.6%

-3,004(-3%)

MRVL0.7%

-2,584(-6%)

Exited

-890

-1,826

-3,812

-1,523

-312

-919

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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