Atlas FRM LLC

CIK 0001879898 · Q1 2026

13F Equity AUM

$1.5B

+49.2% QoQ

Positions

+11 QoQ

AUM Rank

#2,134

Top 17%

Skill Alpha (FF)

+0.8%/yr^ns

No Clear Edge

Rank #1,693 · Top 21%

vs S&P -4.9%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 74.6%Top 10: 90.4%Top 20: 99.3%

PKG21.3%

IP17.7%

SLVM17.5%

SUZ12.5%

FBIN5.5%

HRL4.2%

FCFS3.3%

FND3.0%

ATR2.9%

EZPW2.4%

Others (13)9.6%

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

Sector Allocation

Consumer Cyclical48.4%

Basic Materials30.7%

Industrials6.8%

Financial Services6.0%

Consumer Defensive4.2%

Healthcare2.9%

Other0.9%

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

Position Sizing

Positions: 23Median: 1.66%Avg: 4.35%

0–0.5%

6(1.7%)

0.5–1%

4(3.0%)

1–3%

6(13.2%)

3–5%

2(7.5%)

5%+

5(74.6%)

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

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Portfolio Overlap

Shared: 22Unique: 1vs 20 funds

0.3%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.

0.6%

MORGAN STANLEY

0.4%

BANK OF AMERICA CORP /DE/

0.5%

STATE STREET CORP

0.6%

JPMORGAN CHASE & CO

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

FMR LLC

0.7%

GEODE CAPITAL MANAGEMENT, LLC

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

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

New12Increased7Decreased0Exited1

New Positions

FBIN5.5%

+2.2M

HRL4.2%

+2.8M

ATR2.9%

+350K

LGIH1.7%

+640K

GBX0.9%

+250K

MBC0.7%

+1.3M

RYN0.7%

+480K

BLDR0.4%

+77K

WY0.3%

+190K

XLP0.3%

+50K

Increased

IP17.7%

+2.6M(+52%)

SUZ12.5%

+1.8M(+10%)

EZPW2.4%

+1.1M(+346%)

SLGN2.2%

+700K(+412%)

FND3.0%

+603K(+207%)

PKG21.3%

+543K(+55%)

FCFS3.3%

+220K(+440%)

Exited

SEE

-1,880,500

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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