ASHTON THOMAS SECURITIES, LLC

CIK 0000771572 · Q1 2026

13F Equity AUM

$797.3M

+51.4% QoQ

Positions

442

+146 QoQ

AUM Rank

#3,250

Top 26%

Skill Alpha (FF)

—

Building track record (6q)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 16.8%Top 10: 25.9%Top 20: 38.5%

VOO6.4%

OMFL2.9%

NVDA2.6%

XLG2.4%

IVV2.4%

IEMG2.2%

AAPL1.9%

MSFT1.8%

IEFA1.6%

VEA1.6%

Others (432)74.1%

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

Sector Allocation

Financial Services66.5%

Technology10.4%

Healthcare4.6%

Communication Services4.5%

Consumer Cyclical3.4%

Industrials2.8%

Consumer Defensive2.0%

Other5.8%

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

Position Sizing

Positions: 442Median: 0.08%Avg: 0.23%

0–0.5%

396(43.0%)

0.5–1%

26(18.5%)

1–3%

19(32.0%)

3–5%

0(0.0%)

5%+

1(6.4%)

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

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Portfolio Overlap

Shared: 435Unique: 7vs 20 funds

6%Low

442

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

8.2%

BANK OF AMERICA CORP /DE/

8.9%

11.4%

7.6%

6.3%

VANGUARD CAPITAL MANAGEMENT LLC

5.4%

GEODE CAPITAL MANAGEMENT, LLC

5.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

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

New163Increased150Decreased81Exited18

New Positions

IVV2.4%

+30K

IEMG2.2%

+251K

IEFA1.6%

+145K

IUSB1.5%

+263K

AGG1.1%

+92K

V1.1%

+30K

PTLC0.9%

+144K

IVW0.8%

+57K

IWF0.8%

+14K

EFV0.8%

+81K

Increased

ZTR0.2%

+113K(+100%)

PZA0.5%

+65K(+61%)

JPST0.5%

+44K(+158%)

VTEB1.2%

+31K(+19%)

XLK0.8%

+27K(+139%)

OXY0.7%

+23K(+33%)

AAPL1.9%

+22K(+61%)

CGIE0.1%

+20K(+140%)

XLG2.4%

+16K(+5%)

OMFL2.9%

+16K(+4%)

Decreased

GOVI0.2%

-117,185(-69%)

BN0.3%

-21,389(-25%)

GTO0.8%

-19,537(-13%)

CNC0.2%

-12,910(-24%)

ORCL0.3%

-12,493(-46%)

USA0.1%

-9,765(-7%)

IAU*0.3%

-6,363(-19%)

VEA1.6%

-5,822(-3%)

NFLX0.4%

-5,449(-13%)

DIS0.3%

-3,641(-11%)

Exited

-45,243

-10,441

-1,722

-1,189

-2,657

-73,226

-4,536

-4,504

-17,900

-8,804

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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