Armstrong, Fleming & Moore, Inc

CIK 0001990099 · Q2 2026

13F Equity AUM

$301.9M

+28.2% QoQ

Positions

115

+7 QoQ

AUM Rank

#5,020

Top 57%

Skill Alpha (FF)

+0.9%/yr^ns

No Clear Edge

Rank #1,974 · Top 24%

vs S&P -1.1%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 51.2%Top 10: 68.8%Top 20: 77.8%

AVLV13.6%

CGXU9.9%

TCHP9.6%

CAVA9.5%

AAPL8.7%

AVEM8.4%

CGDV4.8%

NVDA1.6%

MAR1.6%

JNJ1.2%

Others (105)31.2%

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

Sector Allocation

Financial Services57.5%

Technology14.5%

Consumer Cyclical12.8%

Communication Services2.7%

Healthcare2.6%

Industrials2.5%

Consumer Defensive2.4%

Energy2.4%

Other2.6%

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

Position Sizing

Positions: 115Median: 0.20%Avg: 0.87%

0–0.5%

83(14.6%)

0.5–1%

19(13.5%)

1–3%

6(7.5%)

3–5%

1(4.8%)

5%+

6(59.6%)

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

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Portfolio Overlap

Shared: 0Unique: 115vs 20 funds

0%Low

115

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

New13Increased24Decreased32Exited6

New Positions

AVLV13.6%

+449K

HONEYWELL INTL INC0.2%

+2K

BASG0.2%

+18K

HONEYWELL AEROSPACE …0.2%

+2K

MDY0.1%

+343

NVO0.1%

+5K

DWD0.1%

+1K

PPG0.1%

+2K

Q0.1%

+1K

AVGO0.1%

+576

Increased

TCHP9.6%

+21K(+4%)

CGDV4.8%

+12K(+4%)

IWF0.5%

+9K(+296%)

GPRK0.7%

+6K(+3%)

FEOE0.9%

+4K(+10%)

CGDG0.1%

+2K(+25%)

CGIC0.3%

+1K(+6%)

CHTR0.1%

+709(+31%)

BRK/B1.1%

+420(+7%)

COST1.0%

+120(+4%)

Decreased

CGMU0.4%

-2,840(-6%)

CGNG1.1%

-2,517(-3%)

CGXU9.9%

-2,233(-0%)

EMR0.3%

-2,000(-25%)

JPM0.7%

-1,914(-23%)

CGGO0.6%

-1,627(-4%)

BMY0.1%

-1,000(-11%)

AAPL8.7%

-977(-1%)

SO0.1%

-700(-18%)

EFA0.1%

-637(-17%)

Exited

-4,284

-1,000

-9,868

-2,698

-2,086

-7,090

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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