HBK Sorce Advisory LLC

CIK 0001379995 · Q1 2026

13F Equity AUM

$5.0B

+14.8% QoQ

Positions

642

+16 QoQ

AUM Rank

#1,014

Top 8%

Skill Alpha (FF)

-1.7%/yr

Underperformer

Rank #4,729 · Top 58%

vs S&P -5.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 60.8%Top 10: 70.5%Top 20: 77.6%

SCHX20.2%

VCRB17.1%

VEA11.1%

DFVX7.2%

VCRM5.3%

DFEM2.7%

SPY2.1%

AAPL2.0%

SCHB1.8%

VOO1.1%

Others (632)29.5%

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

Sector Allocation

Financial Services79.0%

Technology5.9%

Fund5.3%

Other9.7%

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

Position Sizing

Positions: 642Median: 0.01%Avg: 0.16%

0–0.5%

623(22.9%)

0.5–1%

8(5.7%)

1–3%

6(10.6%)

3–5%

0(0.0%)

5%+

5(60.8%)

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

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Portfolio Overlap

Shared: 615Unique: 27vs 20 funds

8.4%Low

642

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

11.4%

BANK OF AMERICA CORP /DE/

12.5%

11.6%

17.5%

12.3%

11.3%

VANGUARD CAPITAL MANAGEMENT LLC

10.5%

GEODE CAPITAL MANAGEMENT, LLC

10.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

11.7%

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

New56Increased319Decreased219Exited40

New Positions

6RJ00.0%

+3K

CIEN0.0%

+499

SNDK0.0%

+242

EAGG0.0%

+6K

FFIV0.0%

+716

OKLO0.0%

+4K

VFLO0.0%

+8K

IRM0.0%

+2K

AZN0.0%

+4K

WAT0.0%

+838

Increased

VCRM5.3%

+3.1M(+924%)

VCRB17.1%

+1.8M(+19%)

SCHX20.2%

+404K(+1%)

DFEM2.7%

+131K(+4%)

DFVX7.2%

+121K(+3%)

IWF0.3%

+105K(+305%)

VUG0.1%

+72K(+651%)

VEA11.1%

+54K(+1%)

SCHV0.2%

+48K(+17%)

VMBS0.6%

+46K(+8%)

Decreased

VTEB0.2%

-474,026(-72%)

TFI0.0%

-193,122(-95%)

SPY2.1%

-63,532(-30%)

OMFL1.0%

-35,524(-5%)

SCHM0.2%

-23,224(-7%)

QAI0.0%

-22,657(-41%)

T0.1%

-18,270(-8%)

SCHE0.6%

-15,971(-2%)

PGX0.0%

-15,783(-8%)

KVUE0.0%

-13,210(-13%)

Exited

-7,586

-20,732

-2,709

-145

-1,184

-1,021

-1,723

-4,069

-5,963

-2,837

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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