13F
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Clarity Financial LLC

13F equity value
$919M
Positions
118
Top 10 concentration
47.7%
Quarters / total new picks
20 / 193
13F equity value over time
$0M$541M$1B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +1.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 55.0% of quarters (excess t = 0.06, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.2%
t-stat
0.06
Quarterly win rate
55%
Annualized excess
-2.7%
$1 → follow vs universe
$1.18 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.07920210630: follow 1.09720210930: follow 0.96320211231: follow 0.89520220331: follow 0.79220220630: follow 0.78620220930: follow 0.82920221231: follow 0.80220230331: follow 0.82820230630: follow 0.83420230930: follow 0.87720231231: follow 0.94220240331: follow 0.97620240630: follow 1.10620240930: follow 1.14620241231: follow 1.18920250331: follow 1.35420250630: follow 1.30820250930: follow 1.29620251231: follow 1.180 0.72 1.09 1.46 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 118 · 2026 Q1

Ticker Value Weight QoQ
IEI $109M
11.9%
TRIM
MBB $53M
5.8%
NEW
ABBV $40M
4.3%
HOLD
MSFT $38M
4.2%
ADD
GOOG $38M
4.1%
TRIM
COST $36M
3.9%
HOLD
AMZN $34M
3.6%
ADD
LLY $32M
3.5%
ADD
NVDA $29M
3.2%
TRIM
BRK/B $29M
3.2%
TRIM
AAPL $28M
3.1%
ADD
XLK $26M
2.9%
TRIM
GEV $25M
2.8%
TRIM
MGK $23M
2.5%
TRIM
SHY $22M
2.4%
ADD
PLTR $21M
2.3%
TRIM
DUK $21M
2.3%
TRIM
XLF $20M
2.2%
TRIM
XOM $20M
2.1%
TRIM
VZ $19M
2.1%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AEHRBKNGCBCRMIGVKLACMBBMGVMPCNOWPEPSPGITSMUPSVOTVTV

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.