GARNET EQUITY CAPITAL HOLDINGS, INC.

CIK 0001423876 · Q1 2026

13F Equity AUM

$642.4M

-15.9% QoQ

Positions

-1 QoQ

AUM Rank

#3,705

Top 30%

Skill Alpha (FF)

-3.1%/yr^ns

No Clear Edge

Rank #6,354 · Top 77%

vs S&P -5.2%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 82.2%Top 10: 91.6%Top 20: 99.8%

SPY70.9%

FTAIN3.4%

TLN3.2%

TBCH2.4%

ESTA2.3%

NTGR2.1%

ATEX2.0%

GLNG1.9%

GRPN1.8%

MTCH1.6%

Others (11)8.4%

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

Sector Allocation

Financial Services71.3%

Technology6.1%

Communication Services5.7%

Energy5.2%

Industrials4.9%

Utilities3.4%

Healthcare3.3%

Other0.2%

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

Position Sizing

Positions: 21Median: 1.56%Avg: 4.76%

0–0.5%

5(1.4%)

0.5–1%

2(1.5%)

1–3%

11(19.5%)

3–5%

2(6.6%)

5%+

1(70.9%)

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

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Portfolio Overlap

Shared: 20Unique: 1vs 20 funds

0.3%Low

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

0.4%

BlackRock, Inc.

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.5%

STATE STREET CORP

0.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.6%

BANK OF AMERICA CORP /DE/

0.3%

JPMORGAN CHASE & CO

0.3%

FMR LLC

0.4%

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

New2Increased3Decreased10Exited3

New Positions

MTCH1.6%

+330K

SNDA1.0%

+192K

Increased

NTGR2.1%

+99K(+19%)

HNRG1.1%

+75K(+21%)

ESTA2.3%

+65K(+33%)

Decreased

FIP1.5%

-254,135(-11%)

GLNG1.9%

-165,000(-43%)

SPY70.9%

-100,000(-13%)

FTAIN3.4%

-69,000(-43%)

ATEX2.0%

-53,899(-14%)

AZ1.6%

-39,300(-3%)

NXE0.4%

-30,000(-12%)

U6Z0.2%

-15,301(-15%)

CLMT0.6%

-11,000(-10%)

CCO1.3%

-100(-0%)

Exited

KTOS

-275,500

SOC

-457,891

DBRG

-200,000

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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