HBW ADVISORY SERVICES LLC

CIK 0001790525 · Q1 2026

13F Equity AUM

$948.8M

+3.1% QoQ

Positions

444

+20 QoQ

AUM Rank

#2,893

Top 23%

Skill Alpha (FF)

-2.4%/yr^ns

No Clear Edge

Rank #5,740 · Top 70%

vs S&P -8.1%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 16.4%Top 10: 25.6%Top 20: 37.2%

VOO5.3%

NDQ3.3%

SPMO2.9%

JEPI2.6%

BUFR2.3%

QVOY2.3%

JPIE2.0%

COWZ1.8%

SPTM1.7%

PAVE1.5%

Others (434)74.4%

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

Sector Allocation

Financial Services76.0%

Technology6.7%

Communication Services3.6%

Consumer Cyclical3.2%

Healthcare2.1%

Other8.4%

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

Position Sizing

Positions: 444Median: 0.08%Avg: 0.23%

0–0.5%

400(45.6%)

0.5–1%

20(13.1%)

1–3%

22(32.7%)

3–5%

1(3.3%)

5%+

1(5.3%)

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

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Portfolio Overlap

Shared: 393Unique: 51vs 20 funds

5.3%Low

444

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

7.1%

BANK OF AMERICA CORP /DE/

7.7%

5.5%

5.1%

VANGUARD CAPITAL MANAGEMENT LLC

4.5%

GEODE CAPITAL MANAGEMENT, LLC

4.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

5.1%

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

New56Increased213Decreased165Exited36

New Positions

GDMN0.3%

+28K

SPRX0.3%

+73K

MUNI0.2%

+34K

XME0.1%

+8K

FENI0.1%

+17K

FENY0.1%

+18K

GMAR0.1%

+15K

FESM0.1%

+15K

IYM0.1%

+3K

AVEM0.1%

+6K

Increased

JPIE2.0%

+241K(+142%)

BUFR2.3%

+127K(+24%)

SHLD0.6%

+61K(+334%)

PAAA0.4%

+58K(+458%)

SCHG1.1%

+50K(+16%)

IDMO0.3%

+42K(+1004%)

INCM0.1%

+34K(+304%)

GVAL0.1%

+30K(+255%)

GCOW0.8%

+26K(+19%)

CGDV0.5%

+24K(+27%)

Decreased

PAVE1.5%

-68,097(-19%)

FNGS0.2%

-54,333(-69%)

COWZ1.8%

-46,834(-15%)

COWG0.9%

-45,087(-15%)

PYPL0.0%

-32,270(-87%)

JEPI2.6%

-27,607(-6%)

MOAT1.5%

-22,587(-13%)

XLF0.2%

-20,544(-34%)

SFLR0.1%

-15,209(-44%)

OUNZ0.2%

-14,171(-25%)

Exited

PJUL

-24,523

-2,777

-21,734

-5,097

-1,423

-4,211

-9,447

-8,448

-1,363

MEDP

-700

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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