NBC SECURITIES, INC.

CIK 0000791540 · Q1 2026

13F Equity AUM

$1.3B

-0.1% QoQ

Positions

2,460

-98 QoQ

AUM Rank

#2,350

Top 19%

Skill Alpha (FF)

-0.5%/yr^ns

No Clear Edge

Rank #3,014 · Top 37%

vs S&P -6.9%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 10.4%Top 10: 16.2%Top 20: 23.6%

AAPL2.6%

SPY2.4%

SPYM2.1%

VOO1.7%

MSFT1.6%

NVDA1.4%

GOOGL1.2%

AMZN1.2%

AVGO1.1%

IVV0.9%

Others (2450)83.8%

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

Sector Allocation

Financial Services46.4%

Technology13.1%

Industrials7.9%

Utilities6.2%

Consumer Cyclical5.0%

Energy4.8%

Healthcare4.7%

Consumer Defensive3.8%

Other8.1%

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

Position Sizing

Positions: 2460Median: 0.00%Avg: 0.04%

0–0.5%

2433(72.6%)

0.5–1%

18(12.0%)

1–3%

9(15.3%)

3–5%

0(0.0%)

5%+

0(0.0%)

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

Loading summary cards...

Portfolio Overlap

Shared: 2,059Unique: 401vs 20 funds

26.7%Moderate

2,460

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

35.1%

BANK OF AMERICA CORP /DE/

36.7%

30.5%

28.6%

35.2%

25.6%

GEODE CAPITAL MANAGEMENT, LLC

24.1%

VANGUARD CAPITAL MANAGEMENT LLC

24.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

25.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New192Increased775Decreased797Exited335

New Positions

WTPI0.1%

+51K

VIK0.1%

+14K

HPP0.1%

+141K

VSNT0.1%

+17K

BIZD0.1%

+50K

TLTW0.1%

+31K

BTAL0.0%

+42K

XSSPX0.0%

+37K

FMS0.0%

+21K

FSLY0.0%

+15K

Increased

CGCP0.1%

+61K(+5827%)

AGGH0.1%

+56K(+2778%)

PIZ0.4%

+56K(+133%)

SPAB0.7%

+48K(+16%)

SPIB0.7%

+44K(+20%)

SPYV0.3%

+39K(+107%)

SDXAY0.0%

+38K(+2631%)

GPIQ0.1%

+33K(+1978%)

SCHW0.4%

+30K(+132%)

HYDB0.1%

+28K(+2466%)

Decreased

XJQCX0.0%

-180,233(-60%)

XBOEX0.1%

-135,284(-70%)

FPEI0.0%

-65,689(-77%)

JRS0.0%

-64,529(-93%)

EIPI0.0%

-54,593(-87%)

HPE0.0%

-48,386(-96%)

QQQX0.0%

-47,918(-72%)

GENI0.0%

-43,850(-48%)

BLW0.0%

-43,202(-55%)

CRRFY0.0%

-41,407(-21%)

Exited

-90,166

-25,549

-54,531

-40,521

-7,348

-5,270

-2,353

-20,513

-28,864

-13,859

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...