Round Hill Asset Management

CIK 0001696438 · Q1 2026

13F Equity AUM

$152.7M

-3.8% QoQ

Positions

-1 QoQ

AUM Rank

#8,473

Top 68%

Skill Alpha (FF)

-0.6%/yr^ns

No Clear Edge

Rank #3,158 · Top 38%

vs S&P -6.2%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 31.9%Top 10: 50.4%Top 20: 72.8%

AMGN8.8%

SPGI6.9%

MRK5.7%

CMCSA5.5%

DIS5.2%

NDAQ4.9%

PFE4.5%

SYF3.3%

NVO2.9%

BMY2.9%

Others (52)49.6%

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

Sector Allocation

Healthcare32.6%

Financial Services23.4%

Communication Services17.6%

Consumer Cyclical8.5%

Technology7.3%

Consumer Defensive4.5%

Unclassified3.7%

Other2.3%

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

Position Sizing

Positions: 62Median: 0.82%Avg: 1.61%

0–0.5%

18(4.6%)

0.5–1%

16(11.0%)

1–3%

20(39.7%)

3–5%

3(12.7%)

5%+

5(31.9%)

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

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Portfolio Overlap

Shared: 59Unique: 3vs 20 funds

0.8%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

1.1%

BlackRock, Inc.

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

STATE STREET CORP

1.6%

GEODE CAPITAL MANAGEMENT, LLC

1.6%

JPMORGAN CHASE & CO

1.2%

BANK OF AMERICA CORP /DE/

1.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.9%

FMR LLC

1.7%

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

New4Increased8Decreased41Exited5

New Positions

FRME1.5%

+58K

JEF0.7%

+26K

FFBC0.5%

+28K

VSNT0.3%

+11K

Increased

CNXC2.4%

+48K(+55%)

KHC1.7%

+44K(+63%)

NVO2.9%

+24K(+25%)

ZBH2.2%

+20K(+121%)

KVUE1.4%

+18K(+17%)

HRB1.4%

+12K(+23%)

BZH2.0%

+8K(+5%)

CMCSA5.5%

+5K(+2%)

Decreased

BUD0.6%

-7,721(-38%)

RMNI0.7%

-4,395(-1%)

AMGN8.8%

-3,095(-8%)

PFE4.5%

-2,350(-1%)

COF0.3%

-1,956(-46%)

T2.2%

-1,804(-2%)

HTB0.7%

-1,552(-6%)

GOOGL2.4%

-1,434(-10%)

MBWM0.6%

-1,313(-7%)

TCBK0.2%

-1,132(-17%)

Exited

-68,821

-57,356

-26,488

-14,466

-14,134

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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