STEPHENS INC /AR/

CIK 0000757657 · Q1 2026

13F Equity AUM

$8.0B

-0.6% QoQ

Positions

1,310

+10 QoQ

AUM Rank

#753

Top 6%

Skill Alpha (FF)

-1.2%/yr

Underperformer

Rank #4,037 · Top 49%

vs S&P -5.9%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 11.3%Top 10: 19.5%Top 20: 30.4%

VTI2.6%

AAPL2.6%

WMT2.4%

NDQ1.9%

NVDA1.8%

MSFT1.8%

AMZN1.7%

AVGO1.6%

JPM1.6%

IWD1.6%

Others (1300)80.5%

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

Sector Allocation

Financial Services52.2%

Technology12.8%

Industrials6.0%

Consumer Cyclical5.3%

Consumer Defensive4.8%

Healthcare4.6%

Communication Services4.0%

Energy3.5%

Other6.9%

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

Position Sizing

Positions: 1310Median: 0.01%Avg: 0.08%

0–0.5%

1266(54.9%)

0.5–1%

28(18.2%)

1–3%

16(26.9%)

3–5%

0(0.0%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 1,245Unique: 65vs 20 funds

16.9%Moderate

1,310

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

22.6%

BANK OF AMERICA CORP /DE/

24.2%

21.8%

29.4%

21.1%

19.4%

VANGUARD CAPITAL MANAGEMENT LLC

17.4%

GEODE CAPITAL MANAGEMENT, LLC

17%

VANGUARD PORTFOLIO MANAGEMENT LLC

19.1%

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

New111Increased556Decreased519Exited100

New Positions

AVDE0.2%

+188K

MGOV0.1%

+369K

AVEM0.1%

+82K

AMCOR PLC0.1%

+117K

MDLN0.1%

+86K

AZN0.0%

+12K

SANM0.0%

+18K

TPG0.0%

+30K

CALM0.0%

+17K

DXJ0.0%

+6K

Increased

FTCB0.5%

+739K(+59%)

NDMO0.1%

+365K(+3652%)

FIIG0.2%

+340K(+80%)

OTF0.1%

+326K(+58%)

KRUS1.0%

+268K(+32%)

FG0.1%

+255K(+2230%)

SGOV0.6%

+219K(+91%)

LGOV0.2%

+199K(+30%)

CGGR0.2%

+135K(+44%)

CGUS0.2%

+121K(+44%)

Decreased

FSIG0.1%

-412,372(-54%)

FJAN0.1%

-251,155(-67%)

FFEB0.1%

-212,280(-62%)

LMBS0.1%

-195,848(-55%)

HEQT0.0%

-170,899(-82%)

ALLW0.0%

-169,835(-64%)

IWS1.3%

-157,073(-19%)

FMAR0.1%

-143,315(-61%)

FEGE0.0%

-141,877(-73%)

BINC0.0%

-132,414(-89%)

Exited

-17,169

-430,781

-45,064

-24,156

-11,784

-40,260

-3,047

-21,774

-9,279

-7,648

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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