Bedel Financial Consulting, Inc.

CIK 0001730511 · Q1 2026

13F Equity AUM

$888.1M

-4.4% QoQ

Positions

293

+4 QoQ

AUM Rank

#3,028

Top 24%

Skill Alpha (FF)

+7.5%/yr^ns

No Clear Edge

Rank #415 · Top 5%

vs S&P +2.8%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 51.6%Top 10: 59.5%Top 20: 69.1%

LLY35.8%

DFAI6.7%

VTEB4.0%

DFAE3.0%

AAPL2.2%

AVDV1.9%

EFG1.6%

SPY1.5%

IMCG1.5%

MSFT1.4%

Others (283)40.5%

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

Sector Allocation

Financial Services47.6%

Healthcare37.6%

Technology5.9%

Other8.9%

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

Position Sizing

Positions: 293Median: 0.07%Avg: 0.34%

0–0.5%

265(26.3%)

0.5–1%

14(9.6%)

1–3%

11(17.6%)

3–5%

1(4.0%)

5%+

2(42.5%)

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

Loading summary cards...

Portfolio Overlap

Shared: 260Unique: 33vs 20 funds

3.5%Low

293

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)

BANK OF AMERICA CORP /DE/

5.4%

4.8%

7.7%

5.2%

4.4%

VANGUARD CAPITAL MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

3.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.5%

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

Loading overlap analysis...

Position Changes This Quarter

New17Increased109Decreased79Exited13

New Positions

AVLV0.1%

+14K

IBHG0.1%

+30K

IRM0.0%

+2K

IEMG0.0%

+4K

DD0.0%

+5K

IEFA0.0%

+3K

MPC0.0%

+967

GILD0.0%

+2K

RIO0.0%

+2K

Q0.0%

+2K

Increased

DFAI6.7%

+70K(+5%)

DFAE3.0%

+35K(+5%)

TOTL1.1%

+25K(+11%)

FNDX0.1%

+23K(+182%)

AVDV1.9%

+12K(+8%)

VTEB4.0%

+12K(+2%)

DUHP0.1%

+9K(+161%)

DFAT0.5%

+9K(+13%)

CGGR1.3%

+8K(+3%)

SPSM0.3%

+8K(+19%)

Decreased

VTES0.4%

-129,972(-79%)

PFFV0.4%

-21,537(-11%)

IEI0.1%

-4,130(-46%)

FDN0.0%

-3,750(-77%)

VCSH0.7%

-2,093(-3%)

NEE0.1%

-2,000(-18%)

PG0.2%

-1,504(-12%)

PMAR0.0%

-1,147(-13%)

BSTP0.0%

-1,098(-13%)

GSPY0.2%

-1,036(-2%)

Exited

-3,812

-8,832

-8,695

-3,347

-2,160

-2,400

-1,900

-436

-4,587

-600

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

Loading position changes...

Holdings

Loading holdings...