ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

CIK 0000109380 · Q1 2026

13F Equity AUM

$1.6B

-28.3% QoQ

Positions

1,385

+291 QoQ

AUM Rank

#2,105

Top 17%

Skill Alpha (FF)

—

Building track record (3q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 41.9%Top 10: 53.9%Top 20: 62.0%

IVV17.8%

IWS8.9%

VTI6.5%

AGG4.5%

IWP4.2%

AVUV3.9%

NVDA2.9%

IJH2.1%

AAPL1.8%

AMZN1.3%

Others (1375)46.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services60.3%

Technology11.4%

Healthcare5.4%

Communication Services3.8%

Industrials3.8%

Energy3.6%

Consumer Cyclical3.3%

Consumer Defensive3.0%

Other5.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1385Median: 0.00%Avg: 0.07%

0–0.5%

1354(32.1%)

0.5–1%

19(11.6%)

1–3%

6(10.5%)

3–5%

3(12.5%)

5%+

3(33.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 1,380Unique: 5vs 20 funds

18.9%Moderate

1,385

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

26.2%

BANK OF AMERICA CORP /DE/

28.5%

33.2%

27.2%

41.6%

34.4%

GEODE CAPITAL MANAGEMENT, LLC

33.5%

VANGUARD CAPITAL MANAGEMENT LLC

33.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

38.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New378Increased403Decreased590Exited59

New Positions

SCHB0.1%

+78K

CGBD0.1%

+147K

SCHF0.1%

+45K

OTF0.1%

+83K

AIR0.1%

+9K

SCHA0.0%

+24K

MINT0.0%

+767

BPRE0.0%

+5K

DBEF0.0%

+4K

SPYM0.0%

+2K

Increased

KIM0.3%

+182K(+12684%)

MDLZ0.3%

+54K(+333%)

SNY0.6%

+52K(+40%)

PAYX0.5%

+48K(+142%)

FE0.5%

+36K(+28%)

AMT0.4%

+34K(+755%)

DSG0.1%

+28K(+14659%)

PG40.1%

+25K(+13646%)

MDT0.2%

+25K(+192%)

WEC0.4%

+21K(+71%)

Decreased

VWO0.6%

-950,541(-85%)

IJH2.1%

-508,646(-51%)

VEU0.5%

-445,480(-81%)

MFG0.0%

-193,332(-99%)

SAN0.1%

-168,827(-67%)

NVDA2.9%

-127,339(-33%)

GSK0.0%

-107,065(-99%)

IWN0.4%

-104,081(-75%)

AMZN1.3%

-84,987(-46%)

ING0.0%

-80,129(-99%)

Exited

-531,887

-103,750

-22,352

-47,791

-73,658

-12,300

-2,615

-63

-200

-412

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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