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.
AI Summary
Concentrated five-stock screen with strong alpha and lower beta, but still carries deep drawdown and stock-specific risk.
Portfolio Snapshot
Current optimized weights for the selected default session.
| Symbol | Name | Sector | Weight | Diff |
|---|---|---|---|---|
| CVNA | Carvana Co. | Consumer Discretionary | 20.00% | -63.25 |
| HGV | Hilton Grand Vacations Inc. | Consumer Discretionary | 20.00% | +9.82 |
| COF | Capital One Financial Corporation | Financials | 20.00% | +13.95 |
| CDLX | Cardlytics, Inc. | Communication Services | 20.00% | +19.74 |
| SWIM | Latham Group, Inc. | Consumer Discretionary | 20.00% | +19.74 |
Sector Exposure
- Consumer Discretionary60.00%
- Financials20.00%
- Communication Services20.00%
Weight Changes
Notable position adjustments in the latest snapshot.
- CVNACarvana Co.20.00% (-63.25)
- HGVHilton Grand Vacations Inc.20.00% (+9.82)
- COFCapital One Financial Corporation20.00% (+13.95)
- CDLXCardlytics, Inc.20.00% (+19.74)
- SWIMLatham Group, Inc.20.00% (+19.74)
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 | 32.42% | 23.07% | 0.93 | -66.04% |
| Momentum Screen | 72.38% | 59.04% | 1.09 | -73.34% |
| Basic Value Screen | -9.78% | -4.74% | 0.27 | -98.99% |
| Combo Equal Screen | 17.94% | 12.36% | 0.89 | -46.49% |
vs Baseline: Annualized -14.48 · Alpha -10.70 · Sharpe -0.04
Recent Periods
Per-period performance vs benchmark.
| Period | Strategy | Benchmark | Excess | Turnover | Trades |
|---|---|---|---|---|---|
| 2022-12-31 | -4.50% | -0.25% | -4.25 | 18.77 | 2 |
| 2023-03-31 | 50.14% | 7.90% | +42.24 | 4.00 | 2 |
| 2023-06-30 | -5.90% | -1.77% | -4.13 | 28.31 | 2 |
| 2023-09-30 | 13.96% | 10.11% | +3.85 | 3.32 | 2 |
| 2023-12-31 | 21.84% | 4.96% | +16.88 | 9.17 | 2 |
| 2024-03-31 | 2.25% | 2.31% | -0.06 | 16.90 | 2 |
| 2024-06-30 | 17.46% | 9.83% | +7.63 | 3.91 | 2 |
| 2024-09-30 | 3.50% | 2.76% | +0.74 | 9.90 | 2 |
| 2024-12-31 | 0.97% | -3.63% | +4.59 | 4.50 | 2 |
| 2025-03-31 | 5.47% | 9.22% | -3.75 | 2.32 | 2 |
| 2025-06-30 | -1.78% | 4.20% | -5.98 | 2.85 | 2 |
| 2025-09-30 | 7.99% | 1.49% | +6.51 | 5.25 | 2 |
Strategy Q&A
Pre-generated questions and answers about this strategy.
- combo13FChat AI
How did the combo equal-weight screen change portfolio structure versus the baseline?
The combo equal-weight screen made the biggest structural change of all by cutting CVNA from 83.25% to 20.0% and lifting four smaller names to equal 20% positions each. HGV moved from 10.18% to 20.0%, COF from 6.05% to 20.0%, CDLX from 0.26% to 20.0%, and SWIM from 0.26% to 20.0%. Sector exposure shifted from the baseline’s 93.69% Consumer Discretionary / 6.05% Financials / 0.26% Communication Services to 60.0% Consumer Discretionary, 20.0% Financials, and 20.0% Communication Services. It is still concentrated, but no longer a near-single-stock portfolio.
strategyViews.combo-equal-screen.topHoldingsstrategyViews.combo-equal-screen.latestChangesstrategyViews.combo-equal-screen.sectorWeightsstrategyViews.baseline.topHoldingsstrategyViews.baseline.sectorWeights↳ Ask whether equal-weighting these five names reduced realized CVNA dependency enough during major drawdown periods.
- combo13FChat AI
Was the combo screen's result driven more by stock selection or by weight redistribution?
The evidence points more to weight redistribution than to broad stock replacement. The combo screen still holds the same five names visible in the baseline artifact—CVNA, HGV, COF, CDLX, and SWIM—but it radically redistributes weights to 20% each. The largest shift is CVNA down by -63.25 points, while CDLX and SWIM each rise by +19.74 and COF by +13.95. That redistribution helped lower beta to 0.46 and max drawdown to -46.49 while preserving a solid 17.94% annualized return and 12.36 alpha.
strategyViews.combo-equal-screen.topHoldingsstrategyViews.combo-equal-screen.latestChangesstrategyViews.combo-equal-screen.metrics↳ Ask for a decomposition of combo performance into selection effect versus reweighting effect over the last five years.
- combo13FChat AI
What trade-off should a user understand before choosing the combo equal-weight screen?
The key trade-off is giving up a large amount of upside concentration in exchange for materially lower market and single-name risk, but not full diversification. Versus baseline, annualized return falls from 32.42% to 17.94% and total return from 808.52 to 265.65, yet beta drops from 0.88 to 0.46 and max drawdown improves from -66.04% to -46.49%. Sharpe stays competitive at 0.89 versus 0.93, and total estimated cost is lower at 0.818 versus 1.095. So the combo screen sacrifices a lot of return linked to the giant CVNA bet in exchange for a less fragile portfolio structure.
strategyViews.combo-equal-screen.metricsstrategyViews.combo-equal-screen.metricDeltastrategyViews.baseline.metrics↳ Ask for a scenario analysis showing when the combo screen would likely outperform the baseline despite its lower long-run return.
Autres stratégies pour ce fonds
Référence
Track disclosed holdings with the standard reporting lag and no active reweighting.
Filtre Momentum
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.
Filtre Valeur de base
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.