Fund 1 Investments, LLC

CIK 0001959730 · Q1 2026

13F Equity AUM

$872.0M

+6.7% QoQ

Positions

+12 QoQ

AUM Rank

#3,069

Top 25%

Skill Alpha (FF)

+18.0%/yr^ns

No Clear Edge

Rank #120 · Top 2%

vs S&P -12.5%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 45.0%Top 10: 64.8%Top 20: 83.3%

CTRN12.8%

JMIA9.8%

CELH8.4%

RDDT8.1%

MOS5.9%

VFC5.6%

TLYS3.7%

CPNG3.6%

AMZN3.5%

NVRI3.4%

Others (54)35.2%

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

Sector Allocation

Consumer Cyclical60.6%

Communication Services8.8%

Consumer Defensive8.4%

Basic Materials6.0%

Technology5.0%

Industrials3.4%

Healthcare3.1%

Other4.7%

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

Position Sizing

Positions: 64Median: 0.63%Avg: 1.56%

0–0.5%

31(5.5%)

0.5–1%

10(7.6%)

1–3%

13(22.1%)

3–5%

4(14.3%)

5%+

6(50.6%)

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

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Portfolio Overlap

Shared: 62Unique: 2vs 20 funds

0.8%Low

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)

GEODE CAPITAL MANAGEMENT, LLC

1.7%

BlackRock, Inc.

1.5%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

STATE STREET CORP

1.6%

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

1.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.8%

JPMORGAN CHASE & CO

FMR LLC

1.6%

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

New36Increased15Decreased9Exited24

New Positions

MOS5.9%

+2.0M

APP2.3%

+50K

SHOO1.8%

+460K

GLNG1.5%

+236K

TRL1.0%

+54K

NDQ0.9%

+13K

ROST0.7%

+29K

CROX0.7%

+75K

ETD0.7%

+255K

DAVE0.6%

+30K

Increased

JMIA9.8%

+3.1M(+33%)

VFC5.6%

+2.3M(+393%)

CPNG3.6%

+1.6M(+2937%)

BBWI2.7%

+934K(+278%)

CELH8.4%

+894K(+76%)

WW1.2%

+763K(+4597%)

SFIX0.8%

+528K(+37%)

RDDT8.1%

+395K(+299%)

BJRI1.2%

+276K(+2069%)

JILL0.9%

+137K(+25%)

Decreased

NVRI3.4%

-2,790,696(-65%)

GCO1.4%

-560,931(-57%)

LOCO0.7%

-337,799(-45%)

CURV2.0%

-176,811(-2%)

PLAY0.5%

-70,681(-16%)

AVBP1.3%

-65,861(-12%)

AMD0.8%

-52,685(-60%)

MU0.2%

-39,000(-89%)

BIDUN0.1%

-11,327(-53%)

Exited

-350,000

-100,000

-374,349

-106,662

-206,985

-38,800

-25,000

-35,300

-444,596

-11,900

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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