How concentrated or diversified is each fund? The HHI (Herfindahl-Hirschman Index) measures position sizing - higher values mean bigger bets on fewer stocks.
Very High
HHI >= 2500
High
HHI 1500-2499
Moderate
HHI 1000-1499
Diversified
HHI < 1000
Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer