BRR OpCo, LLC

CIK 0001468685 · Q3 2022

13F Equity AUM

$814.3M

-3.2% QoQ

Positions

219

+13 QoQ

AUM Rank

#3,199

Top 26%

Skill Alpha (FF)

-2.1%/yr

Underperformer

Rank #5,308 · Top 65%

vs S&P -6.0%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 44.5%Top 10: 61.2%Top 20: 73.1%

BRK/B19.0%

FNDF9.7%

BRK/A6.1%

IQLT5.0%

VIG4.8%

INTF4.2%

SCHX3.8%

WMS3.6%

PXF2.6%

AAPL2.5%

Others (209)38.8%

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

Sector Allocation

Financial Services68.5%

Technology6.2%

Financials6.1%

Industrials5.7%

Healthcare3.9%

Consumer Defensive2.5%

Consumer Cyclical2.4%

Other4.7%

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

Position Sizing

Positions: 219Median: 0.10%Avg: 0.46%

0–0.5%

198(26.2%)

0.5–1%

5(3.7%)

1–3%

8(14.0%)

3–5%

5(21.3%)

5%+

3(34.8%)

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

Loading summary cards...

Portfolio Overlap

Shared: 212Unique: 7vs 20 funds

2.6%Low

219

Fund positions

8,131

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 10 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

3.8%

BANK OF AMERICA CORP /DE/

4.2%

JPMORGAN CHASE & CO

FMR LLC

6.5%

BlackRock Inc.

4.3%

BENJAMIN F. EDWARDS & COMPANY, INC.

9.6%

STATE STREET CORP

4.5%

COLONY GROUP LLC

18.6%

VANGUARD GROUP INC

3.5%

GEODE CAPITAL MANAGEMENT, LLC

3.4%

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

Loading overlap analysis...

Position Changes This Quarter

New29Increased71Decreased72Exited16

New Positions

INTF4.2%

+1.6M

IBDS0.8%

+275K

IBDR0.8%

+268K

IBMO0.5%

+161K

IBMP0.5%

+154K

DFUV0.3%

+94K

IYH0.3%

+10K

MO0.2%

+48K

WEC0.2%

+14K

NUE0.1%

+9K

Increased

WINN1.9%

+153K(+15%)

FNDF9.7%

+131K(+4%)

T0.3%

+46K(+48%)

DFSV0.3%

+45K(+53%)

XOM0.5%

+32K(+232%)

SCHX3.8%

+24K(+3%)

XLC0.3%

+16K(+49%)

PEP0.4%

+13K(+158%)

SMG0.1%

+11K(+355%)

WBD0.1%

+11K(+48%)

Decreased

IQLT5.0%

-1,128,298(-44%)

RJI1.7%

-321,924(-15%)

JPST1.9%

-182,449(-37%)

KMX0.2%

-55,406(-72%)

IPG0.1%

-21,472(-37%)

BKR0.1%

-19,530(-26%)

NRA0.2%

-17,764(-34%)

XLF0.2%

-17,435(-23%)

NKE0.0%

-13,335(-81%)

XLB0.0%

-9,610(-73%)

Exited

-1,060,663

-5,849

-4,204

-15,300

-1,969

-468

-4,887

-950

-3,229

-5,343

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

Loading position changes...

Holdings

Loading holdings...