Advisory Alpha, LLC

CIK 0001576762 · Q1 2026

13F Equity AUM

$3.7B

-0.4% QoQ

Positions

545

+26 QoQ

AUM Rank

#1,217

Top 10%

Skill Alpha (FF)

-2.0%/yr^ns

No Clear Edge

Rank #5,251 · Top 64%

vs S&P -7.5%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 31.1%Top 10: 46.6%Top 20: 61.5%

SPYG7.9%

SPYV7.7%

SCHM6.0%

SPDW5.1%

XLK4.4%

SPSB4.3%

SCHA3.1%

SPHY3.0%

XLF2.6%

SRLN2.5%

Others (535)53.4%

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

Sector Allocation

Financial Services90.1%

Technology3.4%

Other6.5%

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

Position Sizing

Positions: 545Median: 0.02%Avg: 0.18%

0–0.5%

502(20.0%)

0.5–1%

15(10.1%)

1–3%

20(28.4%)

3–5%

4(14.8%)

5%+

4(26.7%)

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

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Portfolio Overlap

Shared: 518Unique: 27vs 20 funds

7.1%Low

545

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

9.6%

BANK OF AMERICA CORP /DE/

10.6%

9.8%

14.1%

9.6%

GEODE CAPITAL MANAGEMENT, LLC

7.7%

VANGUARD CAPITAL MANAGEMENT LLC

7.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

9.2%

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

New59Increased303Decreased155Exited33

New Positions

JEPI0.1%

+53K

JBBB0.0%

+35K

JADE0.0%

+8K

JIVE0.0%

+7K

REMX0.0%

+7K

ILF0.0%

+25K

IXC0.0%

+13K

VDE0.0%

+4K

VRT0.0%

+2K

FBTC0.0%

+4K

Increased

SPHY3.0%

+1.1M(+30%)

SPSB4.3%

+819K(+19%)

XLF2.6%

+616K(+48%)

SCHP1.1%

+538K(+52%)

SRLN2.5%

+525K(+29%)

VCIT2.3%

+422K(+73%)

XLU0.8%

+192K(+41%)

SPEM1.7%

+189K(+17%)

XLP1.1%

+145K(+42%)

DFAE0.3%

+111K(+48%)

Decreased

SCHM6.0%

-1,203,553(-14%)

SPYV7.7%

-696,576(-12%)

SPYG7.9%

-548,163(-16%)

SPDW5.1%

-190,957(-4%)

XLE0.5%

-188,323(-37%)

BKLN0.0%

-163,549(-70%)

XLC1.0%

-148,079(-31%)

XLRE1.0%

-139,227(-13%)

WRN0.0%

-128,095(-78%)

XLI1.5%

-104,117(-23%)

Exited

-22,722

-173,648

-889

-1,566

-480

-6,781

-5,016

-5,491

-1,504

-3,319

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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