Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
33
Top-10 weight
69.43%
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.
14
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.
846.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | PNC FINANCIAL SERVICES GRP INC | — | 396,665 | $82.54M | 14.52% |
| 2 | US BANCORP DEL | — | 1,526,799 | $79.41M | 13.97% |
| 3 | TRUIST FINL CORP | — | 1,240,104 | $57.01M | 10.03% |
| 4 | FIFTH THIRD BANCORP | — | 742,570 | $34.50M | 6.07% |
| 5 | CITIZENS FINANCIAL GROUP INC | — | 429,669 | $25.77M | 4.53% |
| 6 | M&T BANK CORP | — | 123,839 | $25.60M | 4.50% |
| 7 | HUNTINGTON BANCSHARES INC | — | 1,608,796 | $25.18M | 4.43% |
| 8 | REGIONS FINANCIAL CORP | — | 919,290 | $24.01M | 4.22% |
| 9 | KEYCORP | — | 992,328 | $19.90M | 3.50% |
| 10 | FIRST CITIZENS BANCSHARES INC CL A | — | 10,299 | $19.41M | 3.41% |
| 11 | EAST WEST BNCRP | — | 145,708 | $15.56M | 2.74% |
| 12 | PINNACLE FINANCIAL PARTNERS INC | — | 159,426 | $13.73M | 2.42% |
| 13 | WEBSTER FINL | — | 170,757 | $11.85M | 2.09% |
| 14 | FIRST HORIZON CORP | — | 513,672 | $11.69M | 2.06% |
| 15 | WINTRUST FINL | — | 70,929 | $9.85M | 1.73% |
| 16 | SOUTHSTATE BANK CORP | — | 104,997 | $9.71M | 1.71% |
| 17 | POPULAR INC | — | 69,603 | $9.34M | 1.64% |
| 18 | CULLEN FROST BANKERS INC | — | 66,938 | $9.18M | 1.61% |
| 19 | ZIONS BANCORP NA | — | 156,437 | $9.01M | 1.59% |
| 20 | UMB FINANCIAL CORP | — | 75,621 | $8.53M | 1.50% |
| 21 | WESTERN ALLIANCE BANCORP | — | 108,762 | $7.71M | 1.36% |
| 22 | PROSPERITY BNCSH | — | 106,980 | $7.19M | 1.26% |
| 23 | COMMERCE BCSHS | — | 145,096 | $7.14M | 1.26% |
| 24 | FNB CORP PA | — | 378,404 | $6.33M | 1.11% |
| 25 | VALLEY NATL BANCORP | — | 506,958 | $6.23M | 1.10% |
| 26 | UNITED BANKSHS | — | 149,190 | $6.18M | 1.09% |
| 27 | GLACIER BANCORP INC | — | 136,269 | $6.09M | 1.07% |
| 28 | HOME BANCSHARES INC | — | 193,742 | $5.22M | 0.92% |
| 29 | BANK OZK | — | 109,243 | $5.01M | 0.88% |
| 30 | FIRST FINL BANKSHARES INC | — | 138,019 | $4.06M | 0.72% |
| 31 | BOK FINL CORP | — | 22,473 | $2.88M | 0.51% |
| 32 | BlackRock Cash Funds: Treasury, SL Agency Shares | — | 649,594 | $649.59K | 0.11% |
| 33 | XAF FINANCIAL JUN26 | — | 9 | $15.06K | 0.00% |
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