1900 WEALTH MANAGEMENT LLC

CIK 0001791996 · Q1 2026

13F Equity AUM

$1.6B

-0.1% QoQ

Positions

253

+12 QoQ

AUM Rank

#2,096

Top 17%

Skill Alpha (FF)

-4.4%/yr

Underperformer

Rank #7,204 · Top 88%

vs S&P -8.8%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 51.8%Top 10: 63.9%Top 20: 74.0%

SPYM29.6%

JAAA8.0%

UBND6.1%

JMUB4.5%

DFUS3.6%

IVV2.9%

SPMD2.9%

QUAL2.4%

MTUM2.0%

VEA1.9%

Others (243)36.1%

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

Sector Allocation

Financial Services90.9%

Technology2.9%

Other6.2%

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

Position Sizing

Positions: 253Median: 0.05%Avg: 0.40%

0–0.5%

223(20.4%)

0.5–1%

17(11.2%)

1–3%

8(16.7%)

3–5%

2(8.1%)

5%+

3(43.7%)

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

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Portfolio Overlap

Shared: 250Unique: 3vs 20 funds

3.4%Low

253

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

4.8%

BANK OF AMERICA CORP /DE/

5.2%

4.9%

7.2%

4.7%

3.9%

VANGUARD CAPITAL MANAGEMENT LLC

3.4%

GEODE CAPITAL MANAGEMENT, LLC

3.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.9%

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

New24Increased113Decreased87Exited12

New Positions

EOG0.1%

+7K

COP0.0%

+4K

INFLEQTION INC0.0%

+48K

GEV0.0%

+517

CATH0.0%

+4K

TJX0.0%

+2K

IBDV0.0%

+16K

FITB0.0%

+8K

JCI0.0%

+2K

MRSH0.0%

+2K

Increased

JMUB4.5%

+159K(+13%)

UBND6.1%

+91K(+2%)

SPYM29.6%

+74K(+1%)

ABEV0.0%

+44K(+40%)

DFUS3.6%

+27K(+4%)

BRK/B0.9%

+25K(+469%)

JAAA8.0%

+17K(+1%)

SPMD2.9%

+13K(+2%)

PZA0.3%

+13K(+7%)

VWO0.4%

+8K(+7%)

Decreased

DFAC0.1%

-25,894(-40%)

ITOT0.9%

-11,004(-10%)

IBDT0.0%

-7,624(-36%)

IBDU0.0%

-6,697(-31%)

DFAI0.4%

-6,209(-3%)

VEA1.9%

-5,325(-1%)

GEM0.2%

-5,294(-7%)

DFUV1.6%

-5,186(-1%)

SPYV0.5%

-5,154(-4%)

JMST0.1%

-4,408(-12%)

Exited

-4,508

-4,203

-1,992

-9,221

-6,408

-1,757

-4,822

-1,663

-1,948

-1,172

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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