tru Independence LLC

CIK 0001785445 · Q1 2026

13F Equity AUM

$202.2M

-49.0% QoQ

Positions

102

-30 QoQ

AUM Rank

#7,344

Top 59%

Skill Alpha (FF)

-4.6%/yr

Underperformer

Rank #7,267 · Top 88%

vs S&P -10.2%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 43.7%Top 10: 64.3%Top 20: 80.5%

DFAC10.2%

FBND8.9%

RDVY8.7%

FTCS8.5%

DFAI7.4%

QGRW5.3%

AAPL4.4%

CGGR4.3%

HGER3.5%

XC3.2%

Others (92)35.7%

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

Sector Allocation

Financial Services88.2%

Technology6.8%

Other5.0%

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

Position Sizing

Positions: 102Median: 0.24%Avg: 0.98%

0–0.5%

76(16.1%)

0.5–1%

7(4.0%)

1–3%

9(15.5%)

3–5%

4(15.4%)

5%+

6(48.9%)

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

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Portfolio Overlap

Shared: 100Unique: 2vs 20 funds

1.4%Low

102

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

1.9%

BANK OF AMERICA CORP /DE/

2.1%

2.7%

1.6%

1.3%

GEODE CAPITAL MANAGEMENT, LLC

1.1%

VANGUARD CAPITAL MANAGEMENT LLC

1.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.3%

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

New7Increased38Decreased52Exited36

New Positions

RSP0.2%

+2K

NDQ0.2%

+650

COST0.1%

+242

MO0.1%

+3K

PEP0.1%

+1K

PFE0.1%

+7K

OTF0.1%

+13K

Increased

XC3.2%

+27K(+15%)

DFAC10.2%

+20K(+4%)

CGGR4.3%

+19K(+10%)

FBND8.9%

+18K(+5%)

QGRW5.3%

+16K(+9%)

INCO2.3%

+15K(+21%)

CGBL0.4%

+13K(+116%)

RDVY8.7%

+10K(+4%)

JAAA1.3%

+9K(+21%)

FTCS8.5%

+8K(+4%)

Decreased

BAC0.5%

-150,684(-89%)

MRK0.1%

-48,661(-96%)

CHV0.1%

-31,953(-96%)

HGER3.5%

-31,433(-12%)

JNJ0.2%

-23,593(-94%)

JPM0.6%

-23,406(-85%)

ABBV0.2%

-17,848(-92%)

MSFT1.4%

-8,016(-52%)

DUHP0.4%

-6,405(-24%)

DFAI7.4%

-3,863(-1%)

Exited

-144,393

GLW

-103,141

TRVC

-60,565

-31,079

UAL

-57,932

ALS

-30,034

FDX

-20,956

-234,715

-439,191

TRV

-19,652

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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