ARMSTRONG ADVISORY GROUP, INC

CIK 0001932952 · Q1 2026

13F Equity AUM

$1.5B

+0.8% QoQ

Positions

925

+1 QoQ

AUM Rank

#2,174

Top 18%

Skill Alpha (FF)

-3.5%/yr^ns

No Clear Edge

Rank #6,697 · Top 81%

vs S&P -10.2%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 45.5%Top 10: 61.9%Top 20: 77.1%

IVV18.6%

IEI8.6%

VBIL6.2%

SCHP6.1%

VGT6.0%

SCHK5.2%

BND4.2%

VGSH2.6%

VOX2.3%

VHT2.1%

Others (915)38.1%

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

Sector Allocation

Financial Services90.2%

Technology3.1%

Other6.7%

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

Position Sizing

Positions: 925Median: 0.00%Avg: 0.11%

0–0.5%

898(17.4%)

0.5–1%

6(4.4%)

1–3%

14(23.3%)

3–5%

1(4.2%)

5%+

6(50.7%)

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

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Portfolio Overlap

Shared: 906Unique: 19vs 20 funds

12.4%Low

925

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

16.9%

BANK OF AMERICA CORP /DE/

18.5%

17%

24%

17.6%

16.4%

GEODE CAPITAL MANAGEMENT, LLC

15%

VANGUARD CAPITAL MANAGEMENT LLC

15.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

17%

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

New51Increased195Decreased218Exited46

New Positions

SPYV1.2%

+324K

BCI0.7%

+396K

BNO0.1%

+16K

RSPA0.1%

+19K

SNDA0.0%

+9K

OIH0.0%

+593

GRID0.0%

+2K

EW0.0%

+1K

AZN0.0%

+715

MUNY0.0%

+2K

Increased

SCHP6.1%

+2.8M(+434%)

VBIL6.2%

+561K(+84%)

SPHQ1.4%

+287K(+403882%)

IVV18.6%

+186K(+78%)

VGSH2.6%

+123K(+23%)

RSP1.4%

+111K(+6320%)

IEI8.6%

+96K(+10%)

SPXT1.5%

+83K(+61%)

SCHX0.1%

+38K(+159%)

XOP0.4%

+29K(+10606%)

Decreased

IEF0.1%

-687,582(-97%)

EWZ1.9%

-544,109(-43%)

SPYM0.3%

-529,914(-89%)

XLF1.2%

-490,815(-58%)

EMXC0.1%

-444,841(-98%)

BND4.2%

-416,426(-33%)

EWJ0.1%

-370,935(-98%)

VGK0.0%

-276,875(-98%)

ROBO0.0%

-155,135(-96%)

SCHK5.2%

-48,970(-2%)

Exited

-751

-2,432

-1,432

-470

-573

-9

-75

-182

-52

-410

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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