Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
26
Top-10 weight
80.38%
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.
8
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.
891.3
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | VERIZON COMMUNICATIONS INC | — | 1,119,497 | $56.13M | 24.21% |
| 2 | AT&T INC | — | 1,915,020 | $53.64M | 23.14% |
| 3 | Fidelity Securities Lending Cash Central Fund | — | 18,693,208 | $18.70M | 8.06% |
| 4 | T-MOBILE US INC | — | 69,224 | $15.03M | 6.48% |
| 5 | AST SPACEMOBILE INC | — | 148,800 | $11.78M | 5.08% |
| 6 | GLOBALSTAR INC | — | 164,298 | $10.23M | 4.41% |
| 7 | Fidelity Cash Central Fund | — | 10,083,750 | $10.09M | 4.35% |
| 8 | IRIDIUM COMMUNICATIONS INC | — | 397,611 | $9.52M | 4.11% |
| 9 | LUMEN TECHNOLOGIES INC | — | 1,268,300 | $9.02M | 3.89% |
| 10 | LIBERTY LATIN AMERICA LTD CL C | — | 915,933 | $7.27M | 3.14% |
| 11 | UNITI GROUP INC | — | 860,000 | $6.30M | 2.72% |
| 12 | IDT CORP CL B NEW | — | 117,900 | $6.01M | 2.59% |
| 13 | COMCAST CORP CL A | — | 182,800 | $5.66M | 2.44% |
| 14 | GCI LIBERTY INC. - CL C | — | 128,824 | $5.07M | 2.19% |
| 15 | TELEPHONE & DATA | — | 110,264 | $4.93M | 2.13% |
| 16 | US CELLULAR CORP | — | 98,100 | $4.78M | 2.06% |
| 17 | LIBERTY GLOBAL LTD CL A | — | 243,900 | $3.11M | 1.34% |
| 18 | LIBERTY GLOBAL LTD C | — | 249,836 | $3.07M | 1.33% |
| 19 | COGENT COMMUNICATIONS HOLDINGS INC | — | 153,039 | $2.87M | 1.24% |
| 20 | LIBERTY LATIN AMERICA LTD CL A | — | 284,800 | $2.23M | 0.96% |
| 21 | ECHOSTAR CORP CL A | — | 19,300 | $2.23M | 0.96% |
| 22 | ANTERIX INC | — | 35,100 | $1.30M | 0.56% |
| 23 | BANDWIDTH INC-A | — | 41,500 | $615.03K | 0.27% |
| 24 | GCI LIBERTY INC. A | — | 12,900 | $512.65K | 0.22% |
| 25 | SHENANDOAH TELECOM CO | — | 24,723 | $336.97K | 0.15% |
| 26 | SPOK HOLDINGS INC | — | 11,300 | $137.18K | 0.06% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.