LBP AM SA

CIK 0001970075 · Q1 2026

13F Equity AUM

$7.3B

-15.2% QoQ

Positions

388

-20 QoQ

AUM Rank

#790

Top 6%

Skill Alpha (FF)

+2.2%/yr^ns

No Clear Edge

Rank #1,099 · Top 13%

vs S&P -0.6%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 25.8%Top 10: 37.4%Top 20: 50.4%

NVDA6.5%

MSFT6.2%

AMZN5.4%

AAPL4.5%

V3.2%

AVGO2.6%

LLY2.4%

TSM2.3%

MA2.3%

GOOGL2.1%

Others (378)62.6%

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

Sector Allocation

Technology38.6%

Healthcare11.1%

Financial Services10.7%

Industrials9.8%

Consumer Cyclical8.8%

Communication Services8.1%

Basic Materials3.6%

Real Estate2.9%

Other6.5%

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

Position Sizing

Positions: 388Median: 0.08%Avg: 0.26%

0–0.5%

349(37.5%)

0.5–1%

20(13.0%)

1–3%

14(23.6%)

3–5%

2(7.7%)

5%+

3(18.2%)

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

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Portfolio Overlap

Shared: 388Unique: 0vs 20 funds

5.3%Low

388

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

7.4%

BANK OF AMERICA CORP /DE/

8.2%

BlackRock, Inc.

9.8%

JPMORGAN CHASE & CO

7.9%

FMR LLC

13.2%

VANGUARD CAPITAL MANAGEMENT LLC

11.4%

GEODE CAPITAL MANAGEMENT, LLC

11.1%

STATE STREET CORP

11.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

13.1%

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

New55Increased123Decreased184Exited75

New Positions

BWXT0.2%

+79K

ASTS0.2%

+184K

FIX0.2%

+11K

CRDO0.2%

+141K

MCHP0.2%

+183K

VSAT0.1%

+211K

CFG0.1%

+119K

COF0.1%

+39K

PGR0.1%

+29K

EXPD0.1%

+38K

Increased

LUNR0.3%

+690K(+201%)

T0.7%

+687K(+64%)

FLY0.3%

+516K(+231%)

NFLX0.9%

+400K(+138%)

6RJ00.3%

+255K(+200%)

KRMN0.3%

+205K(+405%)

WELL0.8%

+197K(+198%)

GILT0.2%

+195K(+20%)

TTEK0.1%

+167K(+2413%)

SATS0.3%

+164K(+747%)

Decreased

F0.1%

-992,343(-53%)

PFE0.1%

-777,456(-76%)

DT0.2%

-380,088(-49%)

GEN0.1%

-333,142(-45%)

INTC0.3%

-301,688(-39%)

VRT0.8%

-274,750(-55%)

KEY0.1%

-269,673(-45%)

NVDA6.5%

-253,073(-8%)

TRMB0.0%

-237,943(-94%)

ZS0.2%

-225,299(-70%)

Exited

-346,319

-91,584

-755,794

-231,881

-77,838

-77,078

-144,978

-93,536

-414,097

PCAR

-93,133

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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