ARK & TLK INVESTMENTS, LLC

CIK 0002013188 · Q1 2026

13F Equity AUM

$369.5M

+1.6% QoQ

Positions

119

+6 QoQ

AUM Rank

#5,202

Top 42%

Skill Alpha (FF)

-4.2%/yr^ns

No Clear Edge

Rank #7,115 · Top 87%

vs S&P -8.5%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 54.5%Top 10: 66.5%Top 20: 77.8%

DFAC26.0%

DFIC10.2%

DFUS8.7%

TFLO6.0%

DFAX3.6%

VGSH3.4%

IWF2.7%

AVUS2.4%

DFEM1.8%

IWD1.7%

Others (109)33.5%

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

Sector Allocation

Financial Services94.9%

Technology2.4%

Other2.8%

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

Position Sizing

Positions: 119Median: 0.20%Avg: 0.84%

0–0.5%

90(16.3%)

0.5–1%

13(9.5%)

1–3%

10(16.2%)

3–5%

2(7.0%)

5%+

4(50.9%)

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

Loading summary cards...

Portfolio Overlap

Shared: 108Unique: 11vs 20 funds

1.5%Low

119

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)

JPMORGAN CHASE & CO

2.2%

BANK OF AMERICA CORP /DE/

2.3%

3.1%

1.9%

VANGUARD CAPITAL MANAGEMENT LLC

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.8%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New7Increased31Decreased26Exited1

New Positions

AAPL0.2%

+4K

WMT0.2%

+6K

VXF0.1%

+3K

UNP0.1%

+2K

MU0.1%

+606

QQQM0.1%

+950

ALAB0.1%

+2K

Increased

DFAC26.0%

+182K(+8%)

DFIC10.2%

+57K(+6%)

SCHB0.8%

+31K(+37%)

AVUS2.4%

+21K(+35%)

IEMG1.4%

+20K(+38%)

DFEV0.5%

+16K(+40%)

VGSH3.4%

+14K(+7%)

AVDE1.4%

+8K(+15%)

AVEE0.3%

+6K(+54%)

VNQ1.3%

+6K(+12%)

Decreased

SMC0.9%

-114,291(-51%)

DFAU1.1%

-71,431(-45%)

TFLO6.0%

-66,251(-13%)

DFEM1.8%

-15,016(-7%)

AAPL0.7%

-12,364(-54%)

DFUS8.7%

-4,641(-1%)

SUB0.2%

-4,026(-35%)

DFAI0.8%

-3,296(-4%)

DFAX3.6%

-2,319(-1%)

DFAE0.3%

-1,403(-5%)

Exited

PLTR

-1,363

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...