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Congress: members

David E. Price

Backtest from 17 Aug 2015 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+10.9%
S&P 500 +13.9%
Last 12 months
+19.6%
S&P 500 +12.1%
Sharpe ratio
0.55
S&P 500 0.72
Biggest drop
−36.2%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 201520172019202120232025 $43.2k$32.0k
David E. PriceS&P 500 $10,000 in David E. Price from 17 Aug 2015 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Mirrors the disclosed stock holdings of Rep. David E. Price (Democrat, NC) and family. It buys on the first trading day after each report is filed, sized by the middle of the value band reported, starts from the holdings listed in the member's annual disclosure report once that report is public, and holds each position until a sale is reported. Call options count as the stock until they expire. Members often report weeks or months late, so this is what a follower could actually have done.

David E. Price's trades →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+10.9%+13.9%
Total return+220%+332%
Last 12 months+19.6%+12.1%
Last 3 months+4.0%—
Last month+4.3%—
This year so far+17.5%—
Volatility a year17.4%16.8%
Sharpe ratio0.550.72
Biggest drop−36.2%−31.8%
Beta to the S&P 5000.951.00
Alpha a year (t-statistic)−1.9% (−0.91)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck. 51 reported trades were copied.

Insights

CompanyWeightHeld sinceReturn since
AAPL16.8%29 Jan 2016+1439.9%
XOM13.4%16 May 2016+213.7%
KO6.1%16 May 2016+191.2%
HD4.3%16 May 2016+224.8%
CAT4.0%16 May 2016+999.8%
LOW4.0%16 May 2016+244.7%
MCD3.7%16 May 2016+163.1%
COST3.2%18 Sept 2015+778.7%
CMI3.2%16 May 2016+477.3%
PEP3.1%16 May 2016+86.6%
GLW2.5%16 May 2016+738.7%
CVX2.4%16 May 2016+248.1%
TFC1.9%30 Jul 2020+78.6%
TMO1.9%25 Aug 2016+366.7%
HON1.8%16 May 2016+156.7%
APD1.8%16 May 2016+209.0%
MAR1.6%16 May 2016+574.4%
GILD1.5%16 May 2016+194.3%
CSCO1.5%16 May 2016+418.7%
MMM1.4%16 May 2016+77.0%
AMGN1.4%16 May 2016+312.9%
RTX1.4%28 Jul 2021+159.3%
EMR1.4%16 May 2016+308.2%
WFC1.3%16 May 2016+134.4%
TXN1.3%11 Dec 2017+297.2%
EPD1.2%16 May 2016+192.9%
MET1.0%1 Oct 2015+245.4%
PRU0.9%16 May 2016+151.0%
ORCL0.9%16 May 2016+253.2%
CRM0.9%11 Dec 2017+124.0%
QCOM0.9%16 May 2016+322.4%
DTE0.9%16 May 2016+148.8%
YUM0.8%16 May 2016+225.5%
PG0.8%16 May 2016+167.9%
DIS0.7%17 Aug 2015+14.8%
KMB0.6%16 May 2016+21.9%
DTM0.4%12 May 2022+177.1%
PAA0.4%16 May 2016+125.4%
POOL0.4%16 May 2016+172.3%
INTC0.4%16 May 2016+150.0%
LNC0.3%1 Oct 2015+33.4%
BAC0.3%16 May 2016+352.4%
REZI0.2%28 Nov 2018+37.2%
SWK0.2%16 May 2016+24.8%
APA0.2%16 May 2016+16.3%
CARR0.2%28 Jul 2021+15.3%
OTIS0.2%28 Jul 2021−2.9%
VFC0.1%18 Sept 2015−60.2%
PYPL0.1%11 Dec 2017−19.2%
WU0.1%16 May 2016−37.9%
PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest17 Aug 2015 to 2 Nov 2026+10.9%+13.9%0.550.72−36.2%0.95−1.9% (−0.91)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.2%+13.9%0.580.66−36.2%0.92−0.6% (−0.25)
Last three years3 Nov 2023 to 2 Nov 2026+18.6%+21.8%1.111.16−14.1%0.63+3.0% (0.64)
Last year7 Nov 2025 to 2 Nov 2026+20.5%+14.2%1.570.84−6.5%0.32+11.8% (1.32)
DateCompanyAction
12 May 2022DTMBought
28 Jul 2021RTXBought
28 Jul 2021OTISBought
28 Jul 2021CARRBought
30 Jul 2020TFCBought
28 Nov 2018REZIBought
11 Dec 2017TXNBought
11 Dec 2017PYPLBought
11 Dec 2017CRMBought
7 Jun 2017UNITBought
7 Jun 2017AMTBought
10 May 2017YUMCBought
10 May 2017ASIXBought
25 Aug 2016TMOBought
25 Aug 2016AMTBought
16 May 2016YUMBought
16 May 2016XRXBought
16 May 2016XOMBought
16 May 2016WUBought
16 May 2016WFCBought
16 May 2016TEVABought
16 May 2016SWKBought
16 May 2016QCOMBought
16 May 2016PRUBought
16 May 2016POOLBought

Dated on the first trading day after the report was filed, when a follower could have acted.

DateCompanyAction
24 Feb 2023XRXSold
24 Feb 2023UNITSold
7 Apr 2022YUMCSold
12 Jul 2019TEVASold
4 Jan 2019FITBSold
15 May 2018ASIXSold
15 May 2018AMTSold
31 Jan 2018GESold
11 Dec 2017AASold
13 Jul 2017DVNSold
10 May 2017AMTSold

Dated on the first trading day after the report was filed, when a follower could have acted.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest