Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
50
Top-10 weight
64.54%
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.
18
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.
537.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | DELTA AIR LI | — | 1,171,746 | $77.90M | 11.92% |
| 2 | UNITED AIRLINES HOLDINGS INC | — | 784,599 | $72.24M | 11.05% |
| 3 | AMERICAN AIRLINES GROUP INC | — | 6,435,049 | $69.11M | 10.57% |
| 4 | SOUTHWEST AIRLINES CO | — | 1,668,355 | $62.68M | 9.59% |
| 5 | Mount Vernon Liquid Assets Portfolio, LLC | — | 53,441,228 | $53.44M | 8.18% |
| 6 | JETBLUE AIRWAYS CORP | — | 5,542,536 | $24.50M | 3.75% |
| 7 | ALLEGIANT TRAVEL CO | — | 299,225 | $24.25M | 3.71% |
| 8 | AIR CANADA | — | 1,839,565 | $23.96M | 3.67% |
| 9 | FRONTIER GROUP HOLDINGS INC | — | 6,781,412 | $23.94M | 3.66% |
| 10 | SKYWEST INC | — | 257,593 | $23.65M | 3.62% |
| 11 | ALASKA AIR GROUP INC | — | 596,572 | $21.94M | 3.36% |
| 12 | TRIPADVISOR INC | — | 1,372,941 | $14.64M | 2.24% |
| 13 | EXPEDIA INC | — | 56,029 | $12.94M | 1.98% |
| 14 | BOMBARDIER INC-B | — | 72,043 | $12.74M | 1.95% |
| 15 | THE BOOKING HOLDINGS INC | — | 3,008 | $12.66M | 1.94% |
| 16 | BOEING CO/THE | — | 62,592 | $12.46M | 1.91% |
| 17 | GENERAL DYNAMICS CORPORATION | — | 36,097 | $12.39M | 1.90% |
| 18 | TEXTRON INC | — | 139,954 | $12.25M | 1.87% |
| 19 | SABRE CORP | — | 7,534,906 | $10.93M | 1.67% |
| 20 | Latam Airlines Group S.A. Sponsored ADR | LTM | 136,140 | $6.73M | 1.03% |
| 21 | Empresa Brasileira de Aeronautica S.A. (ADR) | EMBJ | 113,029 | $6.71M | 1.03% |
| 22 | AENA SME SA | — | 217,934 | $6.43M | 0.98% |
| 23 | THY | — | 965,032 | $6.39M | 0.98% |
| 24 | INTL CONS AIRLIN | — | 1,329,217 | $6.15M | 0.94% |
| 25 | TRIP.COM GROUP LTD ADR | — | 123,343 | $6.14M | 0.94% |
| 26 | QANTAS AIRWAYS | — | 1,043,795 | $6.03M | 0.92% |
| 27 | RYANAIR HOLDINGS PLC SPON ADR | — | 104,201 | $6.02M | 0.92% |
| 28 | Airbus SE | — | 32,374 | $6.02M | 0.92% |
| 29 | MAKEMYTRIP LTD | MMYT | 140,706 | $5.25M | 0.80% |
| 30 | FRST AM-GV OB-X | TMPXX | 5,028,080 | $5.03M | 0.77% |
| 31 | Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares) | GPAEF | 141,482 | $3.48M | 0.53% |
| 32 | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. SPON ADR EA REP 8 SER 'B' | OMAB | 30,150 | $3.46M | 0.53% |
| 33 | GRUPO AEROPORTUARIO SUR-ADR 0.00000000 | ASR | 9,988 | $3.36M | 0.51% |
| 34 | COPA HOLDINGS SA CL A | — | 28,507 | $3.24M | 0.50% |
| 35 | EL AL ISRAEL AIR | — | 741,283 | $3.24M | 0.50% |
| 36 | AIRPORTS OF THAILAND PCL FOREIGN LINE | AOT | 2,041,703 | $3.22M | 0.49% |
| 37 | NORWEGIAN AIR SH | — | 2,147,918 | $3.15M | 0.48% |
| 38 | SINGAPORE AIRLIN | — | 612,481 | $3.14M | 0.48% |
| 39 | PEGASUS | — | 789,135 | $3.12M | 0.48% |
| 40 | JAPAN AIRLINES C | — | 190,875 | $3.08M | 0.47% |
| 41 | ANA HOLDINGS INC | — | 171,123 | $3.02M | 0.46% |
| 42 | DEUTSCHE LUFT-RG | — | 357,363 | $2.97M | 0.45% |
| 43 | Amadeus IT Holding, S.A. | AMS | 52,541 | $2.96M | 0.45% |
| 44 | EASYJET PLC | — | 630,256 | $2.90M | 0.44% |
| 45 | TONGCHENG TRAVEL HOLDINGS LT /HKD/ REG S 0.00000000 | TNGCF | 1,253,956 | $2.88M | 0.44% |
| 46 | AIR FRANCE-KLM | — | 281,559 | $2.79M | 0.43% |
| 47 | CATHAY PAC AIR | — | 1,928,715 | $2.76M | 0.42% |
| 48 | CHINA EAST AIR-H | — | 5,908,909 | $2.63M | 0.40% |
| 49 | AIR CHINA LTD-H | — | 4,442,153 | $2.59M | 0.40% |
| 50 | CHINA SOUTHERN-H | — | 5,155,090 | $2.56M | 0.39% |
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