WEALTH EFFECTS LLC

CIK 0001907254 · Q1 2026

13F Equity AUM

$282.2M

-11.7% QoQ

Positions

237

+19 QoQ

AUM Rank

#6,080

Top 49%

Skill Alpha (FF)

+1.3%/yr^ns

No Clear Edge

Rank #1,448 · Top 18%

vs S&P -2.5%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 28.0%Top 10: 41.0%Top 20: 52.2%

NVDA9.7%

AAPL7.3%

AMZN4.7%

ARWR3.2%

VTI3.1%

JPM3.1%

GOOGL3.0%

MU2.5%

META2.3%

MSFT2.2%

Others (227)59.0%

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

Sector Allocation

Financial Services31.1%

Technology30.9%

Healthcare8.6%

Consumer Cyclical7.2%

Communication Services7.0%

Industrials5.7%

Energy3.4%

Consumer Defensive2.8%

Other3.4%

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

Position Sizing

Positions: 237Median: 0.16%Avg: 0.42%

0–0.5%

192(31.0%)

0.5–1%

28(19.4%)

1–3%

11(18.5%)

3–5%

4(14.1%)

5%+

2(16.9%)

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

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Portfolio Overlap

Shared: 233Unique: 4vs 20 funds

3.2%Low

237

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)

MORGAN STANLEY

4.3%

BANK OF AMERICA CORP /DE/

4.7%

3.8%

4.3%

5.8%

4.1%

VANGUARD CAPITAL MANAGEMENT LLC

3.8%

GEODE CAPITAL MANAGEMENT, LLC

3.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.3%

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

New33Increased88Decreased57Exited15

New Positions

RBRK0.6%

+35K

ALAB0.6%

+15K

SNDK0.2%

+1K

XJQCX0.2%

+125K

PTY0.2%

+46K

ECAT0.2%

+38K

USA0.1%

+74K

JPC0.1%

+56K

KMB0.1%

+3K

XEVVX0.1%

+36K

Increased

ENVX0.4%

+57K(+31%)

HUMA0.0%

+51K(+34%)

KVUE0.9%

+33K(+31%)

IBRX0.3%

+25K(+27%)

ALT0.1%

+20K(+18%)

ZENA0.1%

+15K(+31%)

FYEE0.5%

+13K(+35%)

THW0.2%

+10K(+32%)

CATX0.1%

+8K(+32%)

WY0.2%

+8K(+43%)

Decreased

ESTC0.2%

-12,887(-55%)

FSLY0.1%

-12,850(-64%)

SLV0.3%

-6,289(-35%)

LPZB0.4%

-5,000(-4%)

BAC0.6%

-4,033(-11%)

SCYX0.0%

-4,000(-4%)

XAIR0.0%

-3,325(-11%)

QYLD0.4%

-3,105(-5%)

FBTC0.1%

-2,985(-33%)

JEPQ0.6%

-2,087(-6%)

Exited

-1,891,917

-28,850

-30,886

-2,025

-384

-20,000

-2,000

-3,600

-3,090

-2,755

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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