Portfolio concentration
As of September 30, 2025 · N-PORT
Holdings
45
Top-10 weight
41.92%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
33
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
934.1
Holdings
As of September 30, 2025 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MASTERCARD INC CL A | — | 5,750 | $3.27M | 4.61% |
| 2 | VISA INC-CLASS A | — | 9,500 | $3.24M | 4.58% |
| 3 | MERCADOLIBRE INC | — | 1,330 | $3.11M | 4.39% |
| 4 | S&P GLOBAL INC | — | 6,300 | $3.07M | 4.33% |
| 5 | ROBINHOOD MARKETS INC | — | 21,000 | $3.01M | 4.24% |
| 6 | GUIDEWIRE SOFTWARE INC | — | 12,700 | $2.92M | 4.12% |
| 7 | INTERACTIVE BROKERS GROUP INC | — | 42,000 | $2.89M | 4.08% |
| 8 | INTUIT INC | — | 4,000 | $2.73M | 3.85% |
| 9 | LPL FINL HLDGS INC | — | 8,000 | $2.66M | 3.76% |
| 10 | KKR & CO INC | — | 18,200 | $2.37M | 3.34% |
| 11 | NU HOLDINGS LTD/CAYMAN ISLANDS | — | 130,000 | $2.08M | 2.94% |
| 12 | APOLLO GLOBAL MANAGEMENT INC | — | 15,500 | $2.07M | 2.91% |
| 13 | HOULIHAN LOKEY I | — | 10,000 | $2.05M | 2.90% |
| 14 | TRADEWEB MARKETS INC A | — | 18,000 | $2.00M | 2.82% |
| 15 | FAIR ISAAC CORP | — | 1,300 | $1.95M | 2.74% |
| 16 | MOODYS CORP | — | 4,000 | $1.91M | 2.69% |
| 17 | CME GROUP INC CL A | — | 7,000 | $1.89M | 2.67% |
| 18 | MSCI INC | — | 3,300 | $1.87M | 2.64% |
| 19 | SCHWAB CHARLES CORP | — | 19,500 | $1.86M | 2.63% |
| 20 | SHOPIFY INC CL A | — | 12,000 | $1.78M | 2.52% |
| 21 | WISE PLC - A | — | 124,000 | $1.73M | 2.44% |
| 22 | PROGRESSIVE CORP OHIO | — | 6,600 | $1.63M | 2.30% |
| 23 | VERISK ANALYTICS INC | — | 6,200 | $1.56M | 2.20% |
| 24 | BLACKROCK INC | — | 1,100 | $1.28M | 1.81% |
| 25 | ARCH CAPITAL GROUP LTD | — | 14,000 | $1.27M | 1.79% |
| 26 | MORNINGSTAR INC | — | 5,200 | $1.21M | 1.70% |
| 27 | BLOCK INC CL A | — | 13,000 | $939.51K | 1.33% |
| 28 | EQUIFAX INC | — | 3,500 | $897.86K | 1.27% |
| 29 | JACK HENRY | — | 6,000 | $893.58K | 1.26% |
| 30 | FACTSET RESEARCH SYSTEMS INC | — | 3,000 | $859.47K | 1.21% |
| 31 | CAPITAL ONE FINANCIAL CORP | — | 4,000 | $850.32K | 1.20% |
| 32 | TRANSUNION | — | 10,000 | $837.80K | 1.18% |
| 33 | PRIMERICA INC | — | 2,800 | $777.25K | 1.10% |
| 34 | SERVICETITAN INC-A | — | 7,700 | $776.39K | 1.10% |
| 35 | ALKAMI TECHNOLOGY INC | — | 31,000 | $770.04K | 1.09% |
| 36 | COSTAR GROUP INC | — | 8,500 | $717.14K | 1.01% |
| 37 | KINSALE CAPITAL GROUP INC | — | 1,600 | $680.42K | 0.96% |
| 38 | INTAPP INC | — | 16,500 | $674.85K | 0.95% |
| 39 | FISERV INC | — | 5,000 | $644.65K | 0.91% |
| 40 | CLEARWATER ANALYTICS HOLDINGS INC | — | 28,000 | $504.56K | 0.71% |
| 41 | ATEGRITY SPECIALTY HOLDINGS LLC | — | 22,904 | $452.81K | 0.64% |
| 42 | TWFG INC (CLASS A) | — | 15,000 | $411.60K | 0.58% |
| 43 | BRP GROUP INC-A | — | 10,000 | $282.10K | 0.40% |
| 44 | Accelerant Holdings, Class A | ARX | 18,195 | $270.92K | 0.38% |
| 45 | BILL HOLDINGS INC | — | 3,000 | $158.91K | 0.22% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.