Fifty of the top-200 alpha cohort initiated positions in $ABBV during Q1 2026, bringing total cohort holders to 81. That is an unusually lopsided entry quarter: one manager exited, one trimmed, one added, and 28 held flat. Barnett & Company opened at 3.88% weight; Eastover Investment Advisors LLC entered at 3.31%.
The single meaningful add came from Cypress Capital Group, which lifted its weight from 0.33% to 2.70% (+2.38pp). On the other side, RFG Advisory, LLC cut from 3.13% to 0.16% — a -2.97pp trim that stands out as the quarter's sharpest reduction. ProVise Management Group, LLC shed -0.90pp to 0.17%, and Certior Financial Group, LLC dropped -0.89pp to 0.35%; both remained holders rather than exiting outright.
Across all 81 cohort holders, average position weight sits at 0.59%, with a range of 0.01% to 3.88%. The weight distribution is heavily right-skewed: a handful of initiators (Sectoral Asset Management Inc. at 2.20%, Platinum Investment Management Ltd. at 1.65%) anchor the top, while the bulk of new entrants clustered below 0.50%. Wellington Management Group LLP, a prior holder at 0.60%, trimmed to 0.28% (-0.32pp), one of the quieter reductions lost in the noise of 50 simultaneous new positions.
Fifty initiations in a single quarter across a 200-fund cohort is structurally notable — not because it signals consensus conviction, but because the median new position weight of roughly 0.25–0.40% suggests broad, low-commitment exposure rather than concentrated new bets.
Generated from public SEC 13F filings. Not investment advice.