MOODY NATIONAL BANK TRUST DIVISION

CIK 0001092903 · Q1 2026

13F Equity AUM

$1.1B

+1.1% QoQ

Positions

501

-2 QoQ

AUM Rank

#2,697

Top 22%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #2,818 · Top 34%

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

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 22.4%Top 10: 34.6%Top 20: 45.5%

VEA6.8%

VOO6.0%

NVDA3.5%

VXF3.2%

VWO2.9%

SPY2.8%

IVV2.7%

AAPL2.7%

MSFT2.1%

VTWO1.9%

Others (491)65.4%

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

Sector Allocation

Financial Services44.5%

Technology17.6%

Industrials7.4%

Consumer Cyclical6.5%

Healthcare5.7%

Communication Services4.7%

Energy4.3%

Basic Materials2.9%

Other6.5%

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

Position Sizing

Positions: 501Median: 0.08%Avg: 0.20%

0–0.5%

467(45.9%)

0.5–1%

18(11.6%)

1–3%

12(23.0%)

3–5%

2(6.7%)

5%+

2(12.8%)

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

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Portfolio Overlap

Shared: 495Unique: 6vs 20 funds

6.8%Low

501

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

9.4%

BANK OF AMERICA CORP /DE/

10.3%

12%

9.8%

15.5%

12.9%

GEODE CAPITAL MANAGEMENT, LLC

12.3%

VANGUARD CAPITAL MANAGEMENT LLC

12.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

14.3%

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

New40Increased218Decreased188Exited42

New Positions

VUSB0.2%

+41K

TEX0.1%

+26K

CE0.1%

+18K

TTE0.1%

+11K

CNX0.1%

+27K

DYT10.1%

+77K

Q0.1%

+8K

LPX0.1%

+13K

LASR0.1%

+16K

KRC0.1%

+32K

Increased

VEA6.8%

+466K(+72%)

INDI0.3%

+144K(+18%)

VWO2.9%

+134K(+32%)

S0.1%

+68K(+576%)

PRCH0.5%

+63K(+11%)

QXO0.2%

+54K(+99%)

CORZ0.2%

+53K(+95%)

TDI0.3%

+49K(+160%)

CPRI0.1%

+23K(+47%)

BBAI0.0%

+20K(+31%)

Decreased

GENI0.2%

-168,953(-28%)

ZETA0.1%

-114,038(-59%)

PHR0.1%

-109,811(-56%)

VFC0.1%

-105,105(-59%)

CLBT0.1%

-105,012(-65%)

COMP0.1%

-95,856(-42%)

GLBE0.1%

-47,412(-60%)

MGNI0.1%

-42,869(-45%)

TOST0.1%

-42,609(-62%)

LTH0.2%

-33,987(-32%)

Exited

-158,982

-40,250

-97,991

-25,695

-41,056

-71,571

-27,274

-14,619

-8,372

-16,615

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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