CHANNEL WEALTH LLC

CIK 0001975550 · Q1 2026

13F Equity AUM

$412.8M

+4.5% QoQ

Positions

173

+1 QoQ

AUM Rank

#4,866

Top 39%

Skill Alpha (FF)

-4.6%/yr^ns

No Clear Edge

Rank #7,262 · Top 88%

vs S&P -9.2%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 22.8%Top 10: 34.9%Top 20: 51.2%

AAPL6.1%

CARY6.0%

TXUE4.3%

GOOG3.2%

NVDA3.1%

MSFT3.0%

BRK/B2.4%

JSI2.3%

LLY2.2%

ACWI2.2%

Others (163)65.2%

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

Sector Allocation

Financial Services55.3%

Technology20.6%

Healthcare8.3%

Communication Services4.8%

Consumer Cyclical4.0%

Other7.1%

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

Position Sizing

Positions: 173Median: 0.17%Avg: 0.58%

0–0.5%

118(15.8%)

0.5–1%

24(18.8%)

1–3%

25(39.6%)

3–5%

4(13.7%)

5%+

2(12.1%)

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

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Portfolio Overlap

Shared: 163Unique: 10vs 20 funds

2.2%Low

173

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

3.1%

BANK OF AMERICA CORP /DE/

3.2%

2.9%

4.5%

3.2%

3.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.3%

GEODE CAPITAL MANAGEMENT, LLC

2.7%

VANGUARD CAPITAL MANAGEMENT LLC

2.7%

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

New18Increased71Decreased76Exited17

New Positions

VEXC1.6%

+80K

MLB11.3%

+3K

AZN0.9%

+19K

NU0.7%

+210K

HDB0.7%

+112K

ANET0.5%

+16K

SCIO0.4%

+71K

ATLO0.2%

+31K

RELY0.1%

+40K

VGSH0.1%

+9K

Increased

TXUE4.3%

+85K(+18%)

CARY6.0%

+45K(+4%)

JSI2.3%

+43K(+31%)

TOLL0.8%

+39K(+60%)

AAPL6.1%

+36K(+56%)

VKTX0.8%

+22K(+30%)

QDPL0.8%

+20K(+35%)

BSX0.8%

+20K(+56%)

SRI0.1%

+17K(+53%)

KMB0.5%

+15K(+309%)

Decreased

ENVX0.1%

-146,830(-75%)

JEPI0.2%

-104,733(-86%)

GSIE0.8%

-69,661(-47%)

GENI0.2%

-52,020(-20%)

HGER0.9%

-40,631(-26%)

XLF1.4%

-22,459(-16%)

MINT1.8%

-21,308(-23%)

FSCO0.0%

-20,589(-48%)

ATOM0.0%

-8,350(-18%)

O0.1%

-7,619(-54%)

Exited

-47,953

-24,964

-7,107

-4,224

-20,759

-8,829

-10,415

-3,505

-7,067

-15,971

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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