Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
37
Top-10 weight
73.20%
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.
12
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.
1109.4
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | GOLDMAN SACHS GROUP INC | — | 332,516 | $281.31M | 18.31% |
| 2 | MORGAN STANLEY | — | 1,334,000 | $219.54M | 14.29% |
| 3 | SCHWAB CHARLES CORP | — | 1,851,600 | $174.01M | 11.33% |
| 4 | INTERCONTINENTAL EXCHANGE INC | — | 441,939 | $69.51M | 4.52% |
| 5 | S&P GLOBAL INC | — | 161,868 | $68.85M | 4.48% |
| 6 | MOODYS CORP | — | 155,703 | $67.93M | 4.42% |
| 7 | CME GROUP INC CL A | — | 228,781 | $67.57M | 4.40% |
| 8 | MSCI INC | — | 117,577 | $63.38M | 4.13% |
| 9 | ROBINHOOD MARKETS INC | — | 882,449 | $61.15M | 3.98% |
| 10 | COINBASE GLOBAL INC | — | 349,542 | $61.03M | 3.97% |
| 11 | NASDAQ INC | — | 718,348 | $60.98M | 3.97% |
| 12 | INTERACTIVE BROKERS GROUP INC | — | 712,728 | $47.80M | 3.11% |
| 13 | CBOE GLOBAL MARKETS INC | — | 167,341 | $47.03M | 3.06% |
| 14 | RAYMOND JAMES FINANCIAL INC. | — | 281,114 | $40.70M | 2.65% |
| 15 | LPL FINL HLDGS INC | — | 128,146 | $38.55M | 2.51% |
| 16 | TRADEWEB MARKETS INC A | — | 185,118 | $21.78M | 1.42% |
| 17 | EVERCORE INC A | — | 61,875 | $18.47M | 1.20% |
| 18 | STIFEL FINANCIAL CORP | — | 245,361 | $18.14M | 1.18% |
| 19 | BlackRock Cash Funds: Institutional, SL Agency Shares | BISXX | 12,939,949 | $12.94M | 0.84% |
| 20 | FACTSET RESEARCH SYSTEMS INC | — | 59,593 | $12.93M | 0.84% |
| 21 | HOULIHAN LOKEY I | — | 87,701 | $12.60M | 0.82% |
| 22 | JEFFERIES FINANCIAL GROUP INC | — | 265,533 | $10.96M | 0.71% |
| 23 | MARKETAXESS HLDGS INC | — | 59,543 | $9.82M | 0.64% |
| 24 | STONEX GROUP INC | — | 112,022 | $9.03M | 0.59% |
| 25 | PIPER SANDLER CO | — | 109,586 | $8.39M | 0.55% |
| 26 | LAZARD INC CL A | — | 182,607 | $7.76M | 0.50% |
| 27 | MORNINGSTAR INC | — | 36,931 | $6.24M | 0.41% |
| 28 | BGC GROUP INC-A | — | 583,034 | $5.70M | 0.37% |
| 29 | VIRTU FINANCIAL INC- CL A | — | 127,771 | $5.62M | 0.37% |
| 30 | MOELIS & CO-CL A | — | 98,399 | $5.61M | 0.37% |
| 31 | PJT PARTNERS INC | — | 39,568 | $5.53M | 0.36% |
| 32 | DONNELLEY FINANCIAL SOLUTIONS INC | — | 42,633 | $2.01M | 0.13% |
| 33 | PERELLA WEINBERG PARTNERS | — | 108,986 | $1.98M | 0.13% |
| 34 | MIAMI INTERNATIONAL HOLDINGS INC | — | 49,846 | $1.94M | 0.13% |
| 35 | BlackRock Cash Funds: Treasury, SL Agency Shares | — | 1,934,650 | $1.93M | 0.13% |
| 36 | OPPENHEIMER HO-A | — | 9,822 | $876.02K | 0.06% |
| 37 | E MINI RUSS 2000 JUN26 | — | 3 | $2.77K | 0.00% |
| 38 | XAF FINANCIAL JUN26 | — | 10 | -$656 | -0.00% |
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