AEGIS FINANCIAL CORP

CIK 0001140753 · Q1 2026

13F Equity AUM

$580.5M

+38.4% QoQ

Positions

+4 QoQ

AUM Rank

#3,952

Top 32%

Skill Alpha (FF)

+11.4%/yr^ns

No Clear Edge

Rank #236 · Top 3%

vs S&P +0.8%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 45.1%Top 10: 68.3%Top 20: 93.8%

CVE15.8%

EQX9.6%

PDS8.5%

VET6.1%

PBF5.1%

HNRG5.1%

ASIX5.1%

HOG4.8%

RYZ4.3%

TDW4.0%

Others (27)31.7%

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

Sector Allocation

Energy54.1%

Basic Materials22.7%

Consumer Cyclical6.0%

Financial Services5.9%

Consumer Defensive4.7%

Real Estate3.5%

Industrials2.6%

Other0.3%

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

Position Sizing

Positions: 37Median: 1.68%Avg: 2.70%

0–0.5%

14(2.8%)

0.5–1%

1(0.9%)

1–3%

10(20.4%)

3–5%

5(20.6%)

5%+

7(55.2%)

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

Loading summary cards...

Portfolio Overlap

Shared: 34Unique: 3vs 20 funds

0.5%Low

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

0.6%

BANK OF AMERICA CORP /DE/

0.6%

BlackRock, Inc.

0.7%

VANGUARD CAPITAL MANAGEMENT LLC

0.8%

GEODE CAPITAL MANAGEMENT, LLC

0.8%

JPMORGAN CHASE & CO

0.5%

STATE STREET CORP

0.6%

FMR LLC

0.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New6Increased6Decreased4Exited2

New Positions

HOG4.8%

+1.4M

SM3.0%

+552K

RDN1.7%

+295K

ACTG0.4%

+491K

WFG0.0%

+3K

DC-WT0.0%

+30K

Increased

VET6.1%

+1.2M(+94%)

RLJ2.6%

+728K(+57%)

RYZ4.3%

+410K(+58%)

GFR0.5%

+238K(+133%)

INBK1.2%

+104K(+42%)

BSET1.3%

+26K(+5%)

Decreased

EQX9.6%

-593,125(-13%)

NGS3.8%

-84,100(-13%)

SLV0.1%

-8,856(-50%)

CVE15.8%

-2,300(-0%)

Exited

ZEUS

-73,515

-30,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...