Baseline
Track disclosed holdings with the standard reporting lag and no active reweighting.
AI Summary
Small-blend, stock-specific portfolio with solid absolute returns, moderate beta, and uneven benchmark-relative results.
Portfolio Snapshot
Current optimized weights for the selected default session.
| Symbol | Name | Sector | Weight | Diff |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | Communication Services | 7.35% | 0 |
| C | Citigroup Inc. | Financials | 6.09% | 0 |
| AMZN | Amazon.com, Inc. | Consumer Discretionary | 5.24% | 0 |
| RPRX | Royalty Pharma plc | Health Care | 5.20% | 0 |
| QXO | QXO, Inc. | Industrials | 5.04% | 0 |
| UNH | UnitedHealth Group Incorporated | Health Care | 4.92% | 0 |
| NVDA | NVIDIA Corporation | Information Technology | 4.81% | 0 |
| NCLH | Norwegian Cruise Line Holdings Ltd. | Consumer Discretionary | 4.79% | 0 |
| BIIB | Biogen Inc. | Health Care | 4.10% | 0 |
| CVS | CVS Health Corporation | Health Care | 3.95% | 0 |
| META | Meta Platforms, Inc. | Communication Services | 3.81% | 0 |
| IAC | IAC Inc. | Communication Services | 3.75% | 0 |
| ET | Energy Transfer LP | Energy | 3.51% | 0 |
| PGEN | Precigen, Inc. | Health Care | 3.15% | 0 |
| ILMN | Illumina, Inc. | Health Care | 3.05% | 0 |
| UAL | United Airlines Holdings, Inc. | Industrials | 2.95% | 0 |
| SDRL | Seadrill Limited | Energy | 2.87% | 0 |
| CROX | Crocs, Inc. | Consumer Discretionary | 2.63% | 0 |
| GM | General Motors Company | Consumer Discretionary | 2.53% | 0 |
| OMF | OneMain Holdings, Inc. | Financials | 2.25% | 0 |
Sector Exposure
- Health Care25.28%
- Consumer Discretionary22.63%
- Communication Services14.91%
- Financials14.40%
- Industrials9.90%
- Energy7.89%
- Information Technology4.99%
Weight Changes
Notable position adjustments in the latest snapshot.
Performance vs Benchmark
Strategy NAV vs benchmark — hover for exact values.
Alpha Trend
Excess return vs benchmark over time.
Drawdown Trend
Underwater curve and peak drawdown marker.
Turnover Trend
Per-period turnover with average reference.
Strategy Comparison
All four default strategies side-by-side.
| Strategy | Annualized | Alpha | Sharpe | Max DD |
|---|---|---|---|---|
| Baseline | 11.22% | 0.87% | 0.68 | -23.04% |
| Momentum Screen | 4.64% | -6.45% | 0.30 | -38.69% |
| Basic Value Screen | 14.22% | 1.98% | 0.62 | -36.97% |
| Combo Equal Screen | 17.36% | 2.71% | 0.72 | -35.87% |
Recent Periods
Per-period performance vs benchmark.
| Period | Strategy | Benchmark | Excess | Turnover | Trades |
|---|---|---|---|---|---|
| 2022-12-31 | -8.62% | -0.25% | -8.36 | 16.11 | 28 |
| 2023-03-31 | 12.64% | 7.90% | +4.74 | 13.32 | 27 |
| 2023-06-30 | -3.34% | -1.77% | -1.57 | 20.22 | 27 |
| 2023-09-30 | 9.97% | 10.11% | -0.14 | 17.55 | 28 |
| 2023-12-31 | 4.22% | 4.96% | -0.74 | 15.99 | 28 |
| 2024-03-31 | -2.40% | 2.31% | -4.71 | 13.80 | 27 |
| 2024-06-30 | 19.33% | 9.83% | +9.50 | 15.27 | 26 |
| 2024-09-30 | 4.25% | 2.76% | +1.49 | 17.04 | 23 |
| 2024-12-31 | -6.32% | -3.63% | -2.69 | 14.98 | 24 |
| 2025-03-31 | 10.52% | 9.22% | +1.30 | 13.83 | 25 |
| 2025-06-30 | 4.44% | 4.20% | +0.24 | 15.21 | 23 |
| 2025-09-30 | 4.16% | 1.49% | +2.67 | 9.37 | 22 |
Strategy Q&A
Pre-generated questions and answers about this strategy.
- baseline13FChat AI
What does directly following the disclosed baseline portfolio expose an investor to?
Directly following the baseline exposes an investor to a concentrated, filing-lagged portfolio with meaningful idiosyncratic and sector-rotation risk. The top 5 holdings are 28.92%, the top 10 are 51.49%, and the top 20 are 81.99%. Health Care is 25.28% and Consumer Discretionary is 22.63%, so nearly half the portfolio sits in those two sectors alone. The strategy also depends on delayed 13F implementation, with 408 trades and turnover reaching 66.78% in one rebalance period, so investors are not buying the manager’s positions in real time.
strategyViews.baseline.concentrationstrategyViews.baseline.sectorWeightsstrategyViews.baseline.riskNotesstrategyViews.baseline.turnoverSeries↳ Show the baseline’s top holdings and sector weights alongside its turnover history.
- baseline13FChat AI
Which recent baseline periods best explain the risk-return trade-off?
The trade-off is easiest to see in the contrast between a few strong winning periods and several sharp setbacks. The best recent period was 2024-06-30, when the baseline returned 19.33% versus SPY’s 9.83%, a 9.5-point excess return, and 2023-03-31 also beat by 4.74 points. But the downside was real: 2022-12-31 lost 8.62% while SPY lost only 0.25%, and 2024-03-31 fell 2.4% while SPY gained 2.31%, a -4.71-point excess result. Those swings help explain why the full-period return is respectable at 11.22% annualized, yet the max drawdown still reached -23.04% and the benchmark-relative record is described as inconsistent.
strategyViews.baseline.periodPerformancestrategyViews.baseline.metricsstrategyViews.baseline.weaknesses↳ Rank the baseline periods by excess return and separate upside capture from downside damage.
- baseline13FChat AI
What should a user inspect next before deciding whether the baseline is acceptable?
A user should inspect three things next: concentration, sector dependence, and implementation drag. First, top 10 concentration is already 51.49%, so a few names dominate results. Second, Health Care is 25.28% and Consumer Discretionary is 22.63%, which means sector outcomes matter a lot. Third, the backtest warns that delayed disclosure matters: there were 408 trades, total estimated cost was 0.5017, and one period saw 66.78% turnover. Those details determine whether the baseline is tolerable as a copy strategy rather than just an interesting holdings snapshot.
strategyViews.baseline.concentrationstrategyViews.baseline.sectorWeightsstrategyViews.baseline.metrics.totalEstimatedCoststrategyViews.baseline.riskNotesstrategyViews.baseline.turnoverSeries↳ Help me decide whether the baseline concentration and turnover are too high for a copycat investor.
Otras estrategias para este fondo
Momentum Screen
Select holdings by historically observable momentum, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Basic Value Screen
Select holdings using PE, PB, P/FCF, and EV/EBITDA, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Combo Equal Screen
Filter for large-cap, quality, and low-leverage holdings, rank by composite quality/value/size score, keep the top 20 names, and equal-weight the selected names.