SANDERS MORRIS HARRIS LLC

CIK 0001053994 · Q1 2026

13F Equity AUM

$630.8M

+874.7% QoQ

Positions

296

+261 QoQ

AUM Rank

#3,752

Top 30%

Skill Alpha (FF)

-0.7%/yr^ns

No Clear Edge

Rank #3,242 · Top 39%

vs S&P -4.8%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 25.2%Top 10: 38.2%Top 20: 51.4%

NDQ6.1%

AAPL5.4%

NVDA5.0%

EPD4.8%

CSWC3.9%

MSIF3.5%

SPY2.7%

XOM2.5%

BX2.4%

MAIN2.0%

Others (286)61.8%

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

Sector Allocation

Financial Services34.3%

Technology25.0%

Energy11.6%

Healthcare6.9%

Communication Services4.5%

Consumer Cyclical3.9%

Industrials3.6%

Unclassified2.4%

Other7.8%

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

Position Sizing

Positions: 296Median: 0.11%Avg: 0.34%

0–0.5%

254(33.8%)

0.5–1%

21(13.8%)

1–3%

15(23.7%)

3–5%

4(17.2%)

5%+

2(11.5%)

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

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Portfolio Overlap

Shared: 279Unique: 17vs 20 funds

3.8%Low

296

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

5.1%

BANK OF AMERICA CORP /DE/

5.6%

6.5%

5.3%

8.2%

6.7%

GEODE CAPITAL MANAGEMENT, LLC

6.3%

VANGUARD CAPITAL MANAGEMENT LLC

6.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.3%

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

New271Increased12Decreased2Exited9

New Positions

AAPL5.4%

+134K

NVDA5.0%

+181K

EPD4.8%

+802K

CSWC3.9%

+1.1M

MSIF3.5%

+1.8M

XOM2.5%

+92K

BX2.4%

+133K

MAIN2.0%

+237K

MSFT1.7%

+28K

AVGO1.6%

+40K

Increased

MSAI0.1%

+2.3M(+151%)

SPY2.7%

+25K(+4214%)

BMTA0.2%

+16K(+297%)

MDY0.6%

+8K(+845%)

NDQ6.1%

+7K(+11%)

JEPI0.1%

+6K(+59%)

MPLX0.1%

+3K(+71%)

GEL0.1%

+2K(+10%)

CFIT0.0%

+2K(+20%)

EXE0.1%

+700(+13%)

Decreased

BABA0.1%

-13,152(-69%)

CRC0.1%

-7,100(-46%)

Exited

-173,200

-38,500

-9,500

-95,000

VOLATILITY SHS TR

-120,000

-3,667

-3,785

-2,000

-107,403

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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