LOUNTZIS ASSET MANAGEMENT, LLC

CIK 0001821168 · Q1 2026

13F Equity AUM

$272.6M

-3.2% QoQ

Positions

0 QoQ

AUM Rank

#6,214

Top 50%

Skill Alpha (FF)

+1.4%/yr^ns

No Clear Edge

Rank #1,410 · Top 17%

vs S&P +2.4%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 56.0%Top 10: 77.5%Top 20: 94.0%

BRK/B23.6%

AMAT14.9%

WFC7.2%

PGR5.2%

GOOGL5.1%

ORCL5.0%

USB4.8%

CDNS4.5%

KNSL3.6%

KKR3.6%

Others (42)22.5%

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

Sector Allocation

Financial Services52.6%

Technology29.1%

Communication Services6.1%

Healthcare4.7%

Consumer Cyclical2.2%

Consumer Defensive2.2%

Other3.1%

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

Position Sizing

Positions: 52Median: 0.27%Avg: 1.92%

0–0.5%

32(6.0%)

0.5–1%

2(1.4%)

1–3%

8(15.2%)

3–5%

4(16.5%)

5%+

6(61.0%)

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

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Portfolio Overlap

Shared: 48Unique: 4vs 20 funds

0.7%Low

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)

BlackRock, Inc.

1.2%

MORGAN STANLEY

0.9%

JPMORGAN CHASE & CO

BANK OF AMERICA CORP /DE/

VANGUARD CAPITAL MANAGEMENT LLC

1.4%

STATE STREET CORP

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.7%

FMR LLC

1.6%

GEODE CAPITAL 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

New1Increased7Decreased13Exited1

New Positions

KNSL3.6%

+29K

Increased

PCOR2.2%

+6K(+6%)

ORCL5.0%

+3K(+4%)

JNJ0.2%

+129(+5%)

ABT0.3%

+105(+1%)

MSFT0.2%

+75(+6%)

PEP2.2%

+41(+0%)

LLY0.1%

+20(+7%)

Decreased

WFC7.2%

-643(-0%)

USB4.8%

-625(-0%)

AMAT14.9%

-448(-0%)

BRK/B23.6%

-265(-0%)

MHK0.3%

-111(-1%)

BRO2.6%

-78(-0%)

PGR5.2%

-78(-0%)

LH0.9%

-63(-1%)

ZTS1.8%

-53(-0%)

MLM1.8%

-35(-0%)

Exited

SKYT

-290,222

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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