SBE LLC DBA CEDAR COVE WEALTH PARTNERS

CIK 0002111343 · Q1 2026

13F Equity AUM

$190.6M

-0.4% QoQ

Positions

0 QoQ

AUM Rank

#7,601

Top 61%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 42.5%Top 10: 55.7%Top 20: 72.5%

JUST19.1%

DMXF9.4%

TSEL7.6%

NODE3.5%

SMTH3.0%

SMH2.7%

RSPS2.7%

BSCQ2.6%

DCRE2.6%

GDX2.5%

Others (78)44.3%

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

Sector Allocation

Financial Services88.4%

Fund3.5%

Technology3.4%

Other4.8%

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

Position Sizing

Positions: 88Median: 0.39%Avg: 1.14%

0–0.5%

50(11.9%)

0.5–1%

15(12.3%)

1–3%

19(36.3%)

3–5%

1(3.5%)

5%+

3(36.1%)

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

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Portfolio Overlap

Shared: 78Unique: 10vs 20 funds

1.1%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)

BANK OF AMERICA CORP /DE/

1.6%

1.4%

1.4%

1.9%

1.4%

1.2%

VANGUARD CAPITAL MANAGEMENT LLC

1.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.3%

GEODE CAPITAL MANAGEMENT, LLC

1.1%

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

New14Increased31Decreased42Exited14

New Positions

RSPS2.7%

+172K

OUNZ1.8%

+76K

IBOT1.6%

+55K

LFSC1.3%

+70K

BIL1.2%

+24K

GRID0.9%

+11K

VOLT0.9%

+49K

AMCOR PLC0.4%

+20K

NYT0.2%

+5K

JPM0.2%

+2K

Increased

TSEL7.6%

+93K(+19%)

NODE3.5%

+60K(+42%)

JUST19.1%

+29K(+8%)

RWAY0.8%

+29K(+15%)

GSBD0.9%

+23K(+13%)

GDX2.5%

+20K(+61%)

FFC00.8%

+17K(+15%)

SMTH3.0%

+14K(+7%)

NMBL1.3%

+9K(+8%)

TRY0.9%

+9K(+4%)

Decreased

URNM0.6%

-59,134(-75%)

BSCQ2.6%

-21,453(-8%)

EWZ1.7%

-14,011(-14%)

BSCR1.0%

-7,822(-7%)

BSJQ1.1%

-5,970(-6%)

BSJR0.4%

-3,957(-10%)

SCHG1.6%

-3,159(-3%)

NFLX0.1%

-2,840(-55%)

SCHV0.6%

-2,466(-6%)

ACWX0.4%

-1,930(-16%)

Exited

-150,762

-94,357

-72,422

-97,307

-2,587

-685

-2,252

-1,182

-4,954

-8,623

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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