ACORN FINANCIAL ADVISORY SERVICES INC /ADV

CIK 0001018561 · Q1 2026

13F Equity AUM

$729.8M

+7.7% QoQ

Positions

215

0 QoQ

AUM Rank

#3,418

Top 28%

Skill Alpha (FF)

-3.5%/yr

Underperformer

Rank #6,709 · Top 82%

vs S&P -7.5%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 31.1%Top 10: 51.9%Top 20: 73.7%

AGG7.3%

VEA6.8%

IAU*5.8%

VOO5.8%

PYLD5.4%

SPTS5.2%

XOM4.2%

AVUV4.2%

BRK/B3.8%

IBIT3.5%

Others (205)48.1%

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

Sector Allocation

Financial Services69.7%

Energy9.8%

Financials6.1%

Technology4.6%

Basic Materials3.0%

Consumer Cyclical2.3%

Other4.5%

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

Position Sizing

Positions: 215Median: 0.08%Avg: 0.47%

0–0.5%

186(19.3%)

0.5–1%

7(4.2%)

1–3%

12(24.6%)

3–5%

4(15.6%)

5%+

6(36.3%)

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

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Portfolio Overlap

Shared: 206Unique: 9vs 20 funds

2.8%Low

215

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

3.9%

BANK OF AMERICA CORP /DE/

4.2%

3.9%

5.7%

3.9%

3.5%

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

New24Increased56Decreased114Exited24

New Positions

OIH2.6%

+47K

FRO1.8%

+386K

URNM1.8%

+210K

PPA1.8%

+80K

DHT1.8%

+718K

INSW1.8%

+180K

AU0.1%

+9K

RGLD0.1%

+3K

BILZ0.1%

+6K

TROW0.1%

+6K

Increased

PYLD5.4%

+370K(+33%)

XLE2.9%

+335K(+5051%)

XOM4.2%

+163K(+1031%)

SPTS5.2%

+135K(+12%)

VEA6.8%

+85K(+12%)

IBIT3.5%

+65K(+11%)

AGG7.3%

+64K(+13%)

DFLV0.3%

+56K(+878%)

BRK/B3.8%

+55K(+1664%)

OBIL0.6%

+30K(+49%)

Decreased

XBIL2.4%

-203,001(-36%)

BIL1.3%

-193,565(-66%)

AVUS0.4%

-131,959(-83%)

VB0.7%

-118,866(-86%)

SOFI0.0%

-117,049(-89%)

VUG0.7%

-40,805(-78%)

SPYM0.5%

-40,488(-44%)

VOO5.8%

-31,261(-31%)

OGN0.1%

-28,677(-25%)

FVD0.2%

-26,972(-49%)

Exited

-14,596

-33,480

-7,415

-1,337

-1,897

-2,536

-1,068

-2,019

-1,683

-365

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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