NORTHEAST INVESTMENT MANAGEMENT

CIK 0001082215 · Q1 2026

13F Equity AUM

$2.4B

-5.5% QoQ

Positions

189

+1 QoQ

AUM Rank

#1,604

Top 13%

Skill Alpha (FF)

-1.4%/yr

Underperformer

Rank #4,376 · Top 53%

vs S&P -2.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 28.9%Top 10: 43.7%Top 20: 62.7%

NVDA8.1%

AAPL6.5%

GOOGL5.8%

AMZN4.5%

MSFT3.9%

COST3.8%

V3.0%

VOO2.8%

BRK/B2.7%

META2.5%

Others (179)56.3%

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

Sector Allocation

Technology25.4%

Financial Services23.1%

Communication Services11.4%

Healthcare9.5%

Consumer Cyclical8.7%

Industrials7.7%

Consumer Defensive7.5%

Energy2.4%

Other4.3%

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

Position Sizing

Positions: 189Median: 0.06%Avg: 0.53%

0–0.5%

142(11.5%)

0.5–1%

16(12.2%)

1–3%

25(43.7%)

3–5%

3(12.2%)

5%+

3(20.4%)

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

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Portfolio Overlap

Shared: 187Unique: 2vs 20 funds

2.6%Low

189

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

3.5%

BANK OF AMERICA CORP /DE/

3.9%

6.4%

3.8%

4.5%

4.6%

VANGUARD CAPITAL MANAGEMENT LLC

4.3%

GEODE CAPITAL MANAGEMENT, LLC

4.2%

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

New7Increased45Decreased84Exited6

New Positions

Amcor Plc0.1%

+50K

WELL0.1%

+7K

AXP0.0%

+798

DUK0.0%

+2K

DYH0.0%

+2K

SCHD0.0%

+7K

MSGS0.0%

+970

Increased

VEU0.4%

+54K(+73%)

VEA1.3%

+48K(+11%)

TSM0.5%

+27K(+369%)

VWO0.5%

+15K(+8%)

CEG0.2%

+11K(+132%)

VST0.1%

+11K(+122%)

PWR0.7%

+10K(+55%)

VB1.4%

+4K(+3%)

WMT2.0%

+4K(+1%)

ANET0.1%

+3K(+20%)

Decreased

NOW0.1%

-86,556(-75%)

TOST0.0%

-62,755(-82%)

NVDA8.1%

-47,277(-4%)

BX0.8%

-31,509(-15%)

GOOGL5.8%

-28,837(-6%)

ACN0.0%

-23,038(-87%)

AAPL6.5%

-18,434(-3%)

AMT1.0%

-16,074(-10%)

NFLX0.8%

-15,063(-7%)

ABJA2.3%

-11,976(-2%)

Exited

-249,000

-4,433

-583

-1,073

-1,059

-10,000

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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