PENOBSCOT WEALTH MANAGEMENT

CIK 0001875768 · Q1 2026

13F Equity AUM

$338.4M

+4.6% QoQ

Positions

107

+2 QoQ

AUM Rank

#5,495

Top 44%

Skill Alpha (FF)

-4.5%/yr^ns

No Clear Edge

Rank #7,235 · Top 88%

vs S&P -7.9%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 52.4%Top 10: 65.4%Top 20: 78.7%

SPYM18.0%

DFGP14.4%

VEA11.8%

IAGG4.5%

VWO3.7%

VGT3.1%

STIP2.8%

JGRO2.7%

DFIC2.6%

AAPL1.8%

Others (97)34.6%

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

Sector Allocation

Financial Services95.3%

Technology2.6%

Other2.1%

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

Position Sizing

Positions: 107Median: 0.22%Avg: 0.93%

0–0.5%

78(14.7%)

0.5–1%

10(7.6%)

1–3%

13(22.1%)

3–5%

3(11.3%)

5%+

3(44.2%)

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

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Portfolio Overlap

Shared: 106Unique: 1vs 20 funds

1.5%Low

107

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/

2.2%

2.1%

3.3%

1.8%

1.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.8%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.8%

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

New6Increased61Decreased31Exited5

New Positions

FESM0.6%

+55K

FENY0.4%

+41K

IWR0.3%

+12K

REMX0.3%

+13K

NLR0.3%

+8K

XOM0.1%

+1K

Increased

ICLN1.2%

+126K(+120%)

DFGP14.4%

+46K(+5%)

VEA11.8%

+30K(+5%)

DFAE1.6%

+23K(+16%)

SPDW0.6%

+22K(+95%)

IGF0.8%

+18K(+78%)

VWO3.7%

+17K(+8%)

IAGG4.5%

+15K(+5%)

SPYM18.0%

+15K(+2%)

AAPL1.8%

+12K(+100%)

Decreased

COWZ0.1%

-33,913(-83%)

XMHQ0.5%

-18,423(-53%)

IYK0.5%

-14,976(-39%)

XLU0.3%

-12,506(-35%)

VNQ0.5%

-4,779(-21%)

SCHX1.0%

-2,936(-2%)

BND0.2%

-1,834(-15%)

FREL0.1%

-1,578(-12%)

VGT3.1%

-1,339(-8%)

VXUS0.1%

-872(-19%)

Exited

-27,513

-4,047

-5,302

-294

-588

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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