FORTEM FINANCIAL GROUP, LLC

CIK 0001766509 · Q1 2026

13F Equity AUM

$398.5M

+6.5% QoQ

Positions

173

0 QoQ

AUM Rank

#4,965

Top 40%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,061 · Top 25%

vs S&P -1.9%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 17.9%Top 10: 29.7%Top 20: 47.9%

NVDA3.9%

URA3.7%

SRLN3.6%

PLTR3.5%

AMLP3.3%

AVGO2.5%

TSLA2.4%

KLAC2.4%

VSLU2.3%

XME2.2%

Others (163)70.3%

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

Sector Allocation

Financial Services35.2%

Technology29.2%

Consumer Cyclical7.5%

Industrials6.9%

Energy5.8%

Communication Services4.5%

Healthcare3.7%

Utilities2.1%

Other5.3%

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

Position Sizing

Positions: 173Median: 0.22%Avg: 0.58%

0–0.5%

112(18.1%)

0.5–1%

29(19.7%)

1–3%

27(44.4%)

3–5%

5(17.9%)

5%+

0(0.0%)

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

Loading summary cards...

Portfolio Overlap

Shared: 170Unique: 3vs 20 funds

2.3%Low

173

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

3.2%

BANK OF AMERICA CORP /DE/

3.5%

3.4%

3.9%

5.2%

4.1%

GEODE CAPITAL MANAGEMENT, LLC

3.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.6%

VANGUARD CAPITAL MANAGEMENT LLC

3.9%

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

Loading overlap analysis...

Position Changes This Quarter

New11Increased94Decreased59Exited11

New Positions

IWM0.2%

+4K

BST0.1%

+13K

TXN0.1%

+2K

CF0.1%

+3K

CHV0.1%

+2K

GLW0.1%

+2K

XPO0.1%

+1K

RVT0.1%

+17K

MO0.1%

+4K

COIN0.1%

+1K

Increased

VSLU2.3%

+207K(+2617%)

SRLN3.6%

+72K(+25%)

SHLD1.4%

+72K(+1664%)

XSSPX0.5%

+60K(+84%)

CSPF2.1%

+34K(+11%)

NLY1.0%

+32K(+20%)

NDAQ0.6%

+18K(+216%)

HAL0.6%

+17K(+35%)

NFLX0.9%

+13K(+48%)

QUBT0.1%

+12K(+58%)

Decreased

URA3.7%

-88,104(-23%)

XLB0.2%

-79,907(-84%)

PAVE1.1%

-36,458(-31%)

COWG0.5%

-32,940(-34%)

XME2.2%

-24,446(-23%)

PAA0.4%

-22,052(-25%)

BAC0.3%

-21,587(-51%)

ET0.8%

-10,837(-7%)

ARKK0.2%

-10,555(-50%)

VNLA1.7%

-6,291(-4%)

Exited

CMCSA

-17,083

-2,474

-796

-6,429

-2,906

-793

-1,851

ITT

-1,191

IONQ

-4,518

ARKF

-4,300

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

Loading position changes...

Holdings

Loading holdings...