325 CAPITAL LLC

CIK 0001873893 · Q1 2026

13F Equity AUM

$274.5M

-3.8% QoQ

Positions

-1 QoQ

AUM Rank

#6,192

Top 50%

Skill Alpha (FF)

+2.3%/yr^ns

No Clear Edge

Rank #1,072 · Top 13%

vs S&P -1.1%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 72.3%Top 10: 96.6%Top 20: 100.0%

51A24.5%

ASTH16.4%

BLBD14.1%

MGNI8.7%

SPIR8.6%

MPAA8.1%

DBD6.7%

AIOT4.3%

LDE2.9%

BTMD2.2%

Others (2)3.4%

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

Sector Allocation

Industrials33.1%

Consumer Cyclical22.2%

Healthcare21.6%

Technology14.4%

Communication Services8.7%

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

Position Sizing

Positions: 12Median: 7.39%Avg: 8.33%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

4(8.6%)

3–5%

1(4.3%)

5%+

7(87.1%)

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

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Portfolio Overlap

Shared: 10Unique: 2vs 20 funds

0.1%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)

GEODE CAPITAL MANAGEMENT, LLC

0.3%

BlackRock, Inc.

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.3%

STATE STREET CORP

0.3%

MORGAN STANLEY

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

JPMORGAN CHASE & CO

0.1%

BANK OF AMERICA CORP /DE/

0.1%

FMR LLC

0.2%

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

New0Increased1Decreased1Exited1

Increased

DBD6.7%

+49K(+25%)

Decreased

51A24.5%

-344,771(-23%)

Exited

ATRO

-70,000

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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