WOLVERINE ASSET MANAGEMENT LLC

CIK 0001279891 · Q2 2026

13F Equity AUM

$11.4B

+9.6% QoQ

Positions

1,216

-21 QoQ

AUM Rank

#469

Top 5%

Skill Alpha (FF)

+1.2%/yr^ns

No Clear Edge

Rank #1,729 · Top 21%

vs S&P +2.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 11.5%Top 10: 18.7%Top 20: 30.6%

BABA 0.5 06/01/313.2%

BE 3 06/01/293.0%

IREN2.0%

RIVN1.6%

MSTR 0.625 09/15/281.6%

CLOUDFLARE INC1.6%

BE1.5%

YNDX1.4%

DOORDASH INC1.4%

ALPHABET INC1.4%

Others (1206)81.3%

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

Sector Allocation

Unclassified25.1%

Technology20.6%

Financial Services12.8%

Consumer Cyclical9.3%

Healthcare7.7%

Fixed Income7.6%

Industrials7.1%

Communication Services4.5%

Other5.3%

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

Position Sizing

Positions: 1216Median: 0.01%Avg: 0.08%

0–0.5%

1158(43.3%)

0.5–1%

36(24.1%)

1–3%

21(29.4%)

3–5%

1(3.2%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 1,216vs 20 funds

0%Low

1,216

Fund positions

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.

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Position Changes This Quarter

New281Increased393Decreased442Exited305

New Positions

CLOUDFLARE INC1.6%

+143.7M

DOORDASH INC1.4%

+161.2M

ALPHABET INC1.4%

+3.1M

ALPHABET INC1.3%

+3.0M

AKAMAI TECHNOLOGIES …1.3%

+104.0M

RUBRIK INC.1.1%

+125.7M

GAMESTOP CORP1.1%

+118.5M

SUPER MICRO COMPUTER…0.9%

+1.9M

AKAM 0.375 09/01/270.8%

+79.1M

UBER TECHNOLOGIES IN…0.8%

+74.3M

Increased

BABA 0.5 06/01/313.2%

+65.5M(+27%)

MSTR 0.625 09/15/281.6%

+47.8M(+36%)

BRIDGEBIO PHARMA INC0.8%

+44.9M(+797%)

TCOM 0.75 06/15/291.3%

+38.5M(+36%)

AKAM 1.125 02/15/290.3%

+30.2M(+1210%)

RIVN 4.625 03/15/291.2%

+19.5M(+21%)

IRTC 1.5 09/01/290.6%

+19.4M(+41%)

GWRE 1.25 11/01/290.8%

+17.1M(+24%)

JD 0.25 06/01/291.1%

+17.0M(+16%)

GOSS0.0%

+12.9M(+143175%)

Decreased

AVAV 0 07/15/300.1%

-35,200,000(-70%)

SMCI 3.5 03/01/291.1%

-34,050,000(-21%)

LNTH 2.625 12/15/270.2%

-31,300,000(-67%)

VERX 0.75 05/01/290.2%

-27,296,000(-47%)

LIVN 2.5 03/15/290.0%

-18,582,000(-91%)

INTEGER HLDGS CORP0.0%

-16,500,000(-91%)

LMAT 2.5 02/01/300.0%

-11,500,000(-74%)

ALHC 4.25 11/15/290.5%

-10,000,000(-22%)

BBIO 2.5 03/15/271.2%

-5,500,000(-7%)

OMCL 1 12/01/290.2%

-5,000,000(-22%)

Exited

-411,000

-79,235,000

-103,085,000

-89,484,000

-84,316,000

-52,387,000

-43,050,000

-65,500,000

-27,256,000

-46,921,000

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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