49 WEALTH MANAGEMENT, LLC

CIK 0002022291 · Q1 2026

13F Equity AUM

$1.3B

+8.7% QoQ

Positions

203

+5 QoQ

AUM Rank

#2,343

Top 19%

Skill Alpha (FF)

-5.8%/yr^ns

No Clear Edge

Rank #7,601 · Top 92%

vs S&P -12.7%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 49.6%Top 10: 72.6%Top 20: 86.2%

IEFA12.1%

DIVZ11.9%

IDVZ10.2%

SPYM8.1%

PFDE7.4%

PFOE7.0%

IEMG4.6%

BIV4.0%

SPHY3.8%

VEA3.5%

Others (193)27.4%

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

Sector Allocation

Financial Services83.3%

Fund10.2%

Other6.5%

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

Position Sizing

Positions: 203Median: 0.04%Avg: 0.49%

0–0.5%

181(12.7%)

0.5–1%

6(4.3%)

1–3%

6(10.4%)

3–5%

4(16.0%)

5%+

6(56.6%)

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

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Portfolio Overlap

Shared: 190Unique: 13vs 20 funds

2.6%Low

203

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

3.5%

BANK OF AMERICA CORP /DE/

3.8%

3.6%

5.4%

3.9%

3.5%

GEODE CAPITAL MANAGEMENT, LLC

3.1%

VANGUARD CAPITAL MANAGEMENT LLC

3.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.6%

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

New34Increased105Decreased59Exited29

New Positions

DIVZ11.9%

+4.3M

DFCF1.4%

+460K

VNLA0.6%

+160K

VUSB0.4%

+114K

JPST0.2%

+54K

VLO0.1%

+4K

SCHX0.1%

+31K

DVN0.1%

+14K

ATO0.0%

+3K

SCHD0.0%

+19K

Increased

PFDE7.4%

+4.0M(+2588%)

PFOE7.0%

+4.0M(+2125%)

SPHY3.8%

+1.9M(+603%)

IDVZ10.2%

+382K(+10%)

BIV4.0%

+367K(+114%)

IEFA12.1%

+158K(+10%)

VCSH1.6%

+107K(+70%)

IEMG4.6%

+82K(+10%)

VEA3.5%

+72K(+11%)

IJH2.3%

+50K(+13%)

Decreased

SPYM8.1%

-588,529(-29%)

VGSH1.9%

-491,306(-53%)

VTV0.2%

-352,899(-96%)

QUAL0.1%

-234,631(-99%)

CLIP0.8%

-201,322(-66%)

ESUM0.1%

-52,421(-61%)

TPHD0.0%

-9,191(-49%)

ENB0.0%

-8,674(-46%)

ROAD0.2%

-8,576(-30%)

DELL0.0%

-6,130(-82%)

Exited

OPAL DIVIDEND INCOME…

-3,879,493

VGLT

-360,513

BSCR

-1,005,908

BSCQ

-278,970

PROSHARES TR II ULTR…

-146,350

-166,212

-8,825

-2,782

-14,413

-3,492

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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