Kim Schrier: stock trades

Activity

Would copying Kim Schrier’s trades have beaten the S&P 500?

Copying Kim Schrier’s disclosed holdings (starting from the holdings in each annual disclosure report once it was published, then adding purchases and taking off sales as each trade report became public, sized by the amounts reported, with call options counted as the stock until they expired) would have turned $10,000 on August 13, 2020 into $35,748 by November 2, 2026, against $24,448 in the S&P 500: +22.8% a year against +15.5%, with a beta of 0.65. Selling each purchase after 6 months instead would have made +7.4% a year. Many of Kim Schrier’s trades are not share purchases, so only 2 share purchases can be judged trade by trade, too few to rank. Six months after each report, the average share purchase was +7.0% against the S&P 500 (median +7.0%), and 100% beat it. Measured from the trade date instead, the member’s own timing, the average was +11.8%. Reports arrived a median of 21 days after the trade.

Return a year, copying

+22.8%

S&P 500, same dates

+15.5%

Yearly swing (S&P 500)

29% (17%)

Sharpe ratio (S&P 500)

0.74 (0.76)

Biggest drop (S&P 500)

−36% (−25%)

Market sensitivity (beta)

0.65

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic treats each trade as a separate bet; the Evidence label is stricter and uses one average per month of reports, because trades bunch together. Trades in companies we cover only. The averages count share trades; the copy portfolio also counts call options as the stock and sizes positions by the middle of each band filed. No trading costs or taxes. These are the stocks’ moves after each trade: they say nothing about why Kim Schrier traded and do not suggest the use of non-public information. How every member compares.

Stocks traded

Every company we cover that appears in the reports. “Since first purchase” is the stock’s move from the close on the member’s first disclosed purchase to the latest close, against the S&P 500; it is not the member’s return.

Trades in companies we cover

“Stock since trade” is the share price move from the close on the trade date to the latest close, with the gap to the S&P 500 beneath. It describes the stock, not what the member made. Click a column heading to sort.

Filings

• Report filed Apr 21, 2022 4 stock or option trades · AAPL, TSLA
• Report filed Dec 7, 2021 1 stock or option trade · AAPL
• Report filed Nov 18, 2021 22 stock or option trades · ABT, GOOGL, AAPL, BDX, BMY, CSCO, CLF, COST, CVS, DCI, EWBC, ETN
• Report filed Nov 12, 2021 1 stock or option trade · AAPL
• Report filed Mar 8, 2020 9 stock or option trades · AAPL, TSLA
• Report filed Jan 29, 2020 1 stock or option trade · AAPL
• Report filed Oct 21, 2019 1 stock or option trade · AAPL
• Report filed Oct 2, 2019 1 stock or option trade · AAPL
• Report filed Apr 30, 2019 1 stock or option trade · AAPL