David Kennon Inc

CIK 0001954126 · Q2 2026

13F Equity AUM

$302.6M

+8.5% QoQ

Positions

+4 QoQ

AUM Rank

#6,537

Top 52%

Skill Alpha (FF)

-1.3%/yr^ns

No Clear Edge

Rank #4,748 · Top 57%

vs S&P -6.1%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 55.9%Top 10: 72.8%Top 20: 89.1%

VOO25.7%

VTI11.7%

VXUS6.6%

QQQM6.1%

VUSB5.8%

VB4.7%

VO3.8%

FIDI3.1%

VNQ2.7%

SPEM2.6%

Others (35)27.2%

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

Sector Allocation

Financial Services98.7%

Other1.3%

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

Position Sizing

Positions: 45Median: 1.02%Avg: 2.22%

0–0.5%

16(2.8%)

0.5–1%

5(3.9%)

1–3%

16(25.8%)

3–5%

3(11.6%)

5%+

5(55.9%)

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

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Portfolio Overlap

Shared: 0Unique: 45vs 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

New5Increased8Decreased25Exited1

New Positions

QQQM6.1%

+61K

XLK1.2%

+19K

XLI1.1%

+19K

XLP1.1%

+39K

XLE1.0%

+57K

Increased

VO3.8%

+106K(+283%)

MGK0.2%

+6K(+372%)

VGSH2.3%

+2K(+1%)

IGSB1.1%

+697(+1%)

ICSH1.1%

+385(+1%)

BKLC0.9%

+139(+1%)

GCOR1.3%

+83(+0%)

IWD0.7%

+51(+1%)

Decreased

ONEQ2.6%

-158,635(-68%)

VPU1.8%

-16,571(-38%)

FIDI3.1%

-6,798(-2%)

PFFD0.2%

-6,446(-15%)

VUSB5.8%

-5,964(-2%)

USHY0.2%

-3,834(-22%)

SPBO0.5%

-3,739(-7%)

VTI11.7%

-3,629(-4%)

BND1.0%

-3,459(-8%)

XBIL0.1%

-1,861(-25%)

Exited

DJD

-216,952

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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