For information and research only. Not investment advice.
Composite
13F Consensus Composite
star-manager consensus
Performance
Assuming an initial $100,000 · Benchmark: S&P 500
Hypothetical
YTD1Y5Y8YAll
CompoundFixed
Gains are reinvested — principal and returns grow together.
Backtest through 2026-07-28
Strategy backtestBenchmark · S&P 500
Strategy backtest — the rule-based portfolio, rebalanced on schedule with costs included.
Benchmark — S&P 500 (SPY) total return over the same window — what doing nothing but holding the market would earn.
Hypothetical backtest — not a real trading record. Simulated on public data from 2013-08: each position is bought only after the filing became public (using no information unavailable at the time), with trading costs deducted, on a total-return basis. Past performance does not predict future results.
All metrics below are computed on the strategy-backtest curve.
Return?
20.3%
Compound annual return over the sample.
Risk?
20.3%
How much returns swing (annualized stdev); lower is steadier.
Return vs risk?
1.01
Return ÷ volatility; higher is better.
Beat SPX?
+6.1%
Annualized gain over the S&P.
Excess?
+5.2%
The strategy's own annual excess, apart from the market.
Significance?
t=1.82 · moderate
t-value: how solid the excess is — higher is more reliable.
Max DD?
−34.9%
Largest peak-to-trough fall.
Leverage?
1.04×
How many times it rises and falls together with the market.
Longest recovery?
20 mo
Longest wait from a peak back to a new high.
About
star-manager consensus
Draws on every star-manager filing we track, focusing on the highest-conviction names the most managers hold at once. Consensus cuts across styles, and has historically ridden cycles better than any single manager.
Holdings & changes
Holdings breakdown is Member content
Risk
This strategy mechanically reproduces public research / published methods; the backtest includes trading costs but not taxes or market impact. A rule that worked historically may not work in the future.
Past / backtested performance does not predict the future. Masterfolio is an information service / publisher, not an investment adviser.