FINANCIAL MANAGEMENT NETWORK INC

CIK 0001844831 · Q1 2026

13F Equity AUM

$653.0M

+3.3% QoQ

Positions

191

+5 QoQ

AUM Rank

#3,675

Top 30%

Skill Alpha (FF)

-2.9%/yr^ns

No Clear Edge

Rank #6,228 · Top 76%

vs S&P -6.1%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 29.7%Top 10: 44.2%Top 20: 60.2%

IVV9.4%

MOAT7.1%

AVUV5.1%

IJH4.2%

IJR3.8%

AVDV3.8%

VCIT2.9%

SMOT2.6%

BINC2.6%

AAPL2.6%

Others (181)55.8%

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

Sector Allocation

Financial Services82.9%

Technology6.3%

Consumer Cyclical2.5%

Communication Services2.3%

Other6.0%

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

Position Sizing

Positions: 191Median: 0.13%Avg: 0.52%

0–0.5%

148(19.6%)

0.5–1%

15(11.7%)

1–3%

22(35.4%)

3–5%

3(11.8%)

5%+

3(21.6%)

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

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Portfolio Overlap

Shared: 176Unique: 15vs 20 funds

2.4%Low

191

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)

BANK OF AMERICA CORP /DE/

3.6%

3.1%

3.3%

4.9%

3.3%

2.6%

VANGUARD CAPITAL MANAGEMENT LLC

2.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.6%

GEODE CAPITAL MANAGEMENT, LLC

2.1%

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

New16Increased89Decreased77Exited11

New Positions

AMLP1.5%

+183K

VCSH0.2%

+13K

AVDE0.1%

+9K

CSSD0.1%

+20K

AVNV0.1%

+6K

AGG0.1%

+3K

VRT0.1%

+1K

OXY0.1%

+6K

NOC0.1%

+452

JEPQ0.0%

+5K

Increased

ARCC0.6%

+38K(+22%)

FBND1.1%

+35K(+28%)

CSNR0.3%

+35K(+141%)

GOVT1.0%

+34K(+13%)

CGGR0.9%

+26K(+24%)

CLOI1.0%

+24K(+23%)

GPZ0.3%

+18K(+26%)

BINC2.6%

+17K(+5%)

AVMV1.7%

+16K(+12%)

CGCV1.0%

+14K(+7%)

Decreased

SMOT2.6%

-83,800(-15%)

WINN0.6%

-34,983(-21%)

GCOW1.6%

-21,069(-9%)

CALI0.2%

-17,322(-36%)

MOAT7.1%

-12,413(-3%)

SLB0.1%

-9,534(-33%)

NEAR0.9%

-7,898(-7%)

DON0.2%

-7,057(-22%)

CALF0.1%

-5,866(-46%)

IJH4.2%

-5,792(-1%)

Exited

-12,666

-2,071

-1,552

-18,075

-8,303

-4,041

-1,331

-312

-718

-11,757

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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