KELLY LAWRENCE W & ASSOCIATES INC/CA

CIK 0000920441 · Q1 2026

13F Equity AUM

$359.7M

-12.5% QoQ

Positions

124

-3 QoQ

AUM Rank

#5,298

Top 43%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #3,755 · Top 46%

vs S&P -2.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 34.3%Top 10: 51.0%Top 20: 77.3%

GOOGL9.0%

AAPL7.8%

AMD6.9%

COST6.7%

ICE3.9%

COF3.6%

V3.5%

GNRC3.4%

JNJ3.3%

AMZN3.0%

Others (114)49.0%

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

Sector Allocation

Technology30.9%

Financial Services16.4%

Communication Services12.3%

Healthcare11.4%

Consumer Defensive10.7%

Industrials9.0%

Consumer Cyclical4.5%

Other4.9%

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

Position Sizing

Positions: 124Median: 0.11%Avg: 0.81%

0–0.5%

93(10.1%)

0.5–1%

5(3.5%)

1–3%

16(35.3%)

3–5%

6(20.6%)

5%+

4(30.4%)

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

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Portfolio Overlap

Shared: 105Unique: 19vs 20 funds

1.4%Low

124

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)

BlackRock, Inc.

2.6%

FMR LLC

3.6%

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

2.2%

JPMORGAN CHASE & CO

2.1%

STATE STREET CORP

VANGUARD CAPITAL MANAGEMENT LLC

2.9%

GEODE CAPITAL MANAGEMENT, LLC

2.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.4%

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

New5Increased4Decreased47Exited8

New Positions

NOW2.9%

+100K

PANW2.9%

+65K

CRDO2.3%

+90K

NFLX0.0%

+775

SPY0.0%

+52

Increased

BXP0.2%

+15K(+10133%)

RGEN1.8%

+13K(+33%)

NEE0.3%

+6K(+94%)

ATLC 9.25 01/31/29 *0.1%

+3K(+34%)

Decreased

GNRC3.4%

-36,006(-37%)

T 5 PERP A0.2%

-21,500(-36%)

COF 5 PERP I0.2%

-21,000(-39%)

HIMS1.9%

-18,450(-5%)

RITM V7 PERP D0.2%

-16,500(-42%)

AMD6.9%

-16,303(-12%)

GOOGL9.0%

-8,436(-7%)

AAPL7.8%

-8,194(-7%)

CSCO0.8%

-7,567(-17%)

ALB 7.25 03/01/270.4%

-7,400(-29%)

Exited

-52,680

-60,116

-138,320

-106,284

-665

-2,780

-400

-200

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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