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Congress: members

Greg Gianforte

Backtest from 20 Jul 2017 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+9.2%
S&P 500 +14.6%
Last 12 months
+8.7%
S&P 500 +12.1%
Sharpe ratio
0.40
S&P 500 0.71
Biggest drop
−37.0%
S&P 500 −31.8%
$10.0k$20.0k 20172019202120232025 $35.3k$22.7k
Greg GianforteS&P 500 $10,000 in Greg Gianforte from 20 Jul 2017 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. Greg Gianforte (Independent, MT) 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.

Greg Gianforte's trades →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+9.2%+14.6%
Total return+127%+253%
Last 12 months+8.7%+12.1%
Last 3 months+1.6%—
Last month+3.2%—
This year so far+7.3%—
Volatility a year20.9%17.6%
Sharpe ratio0.400.71
Biggest drop−37.0%−31.8%
Beta to the S&P 5001.061.00
Alpha a year (t-statistic)−4.8% (−1.51)—
Share of weeks up55%—

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. 469 reported trades were copied.

Insights

CompanyWeightHeld sinceReturn since
GE12.5%24 Jan 2019+675.5%
WCC8.5%29 Nov 2019+556.2%
OSW6.0%29 Apr 2019+121.0%
MSM5.6%29 Nov 2019+136.2%
ENS4.5%30 Jul 2019+148.4%
WFC4.1%26 Oct 2017+96.0%
GDDY3.5%29 Nov 2017+141.9%
VSAT3.0%7 Mar 2019+1.4%
PEGA2.9%29 Nov 2019−8.9%
ESI2.7%15 Apr 2020+328.5%
GWRE2.5%4 Feb 2019+75.6%
IBM2.1%24 Jan 2019+180.1%
AOS1.7%4 Feb 2019+53.9%
FIVE1.7%4 Aug 2020+122.5%
F1.6%24 Jan 2019+116.3%
AMN1.4%29 Nov 2019−23.0%
VZ1.4%16 Apr 2018+49.1%
LII1.4%18 Jun 2018+86.9%
PCTY1.3%29 Apr 2019+81.4%
OLLI1.3%18 Feb 2020+65.3%
HCSG1.2%29 Nov 2019+14.8%
PEP1.2%24 Jan 2019+63.4%
XOM1.2%7 Mar 2019+215.2%
WK1.2%2 Jul 2020+55.5%
OHI1.1%15 Feb 2018+255.8%
LOPE1.1%2 Jan 2020+53.2%
KMPR1.1%7 Mar 2019−48.0%
EXPO1.0%2 Jan 2020+32.5%
ALRM1.0%30 Jul 2019+32.0%
BRX1.0%16 Apr 2018+203.7%
ALC1.0%26 Jun 2020+29.9%
VAC0.9%11 Feb 2019+56.1%
UBS0.9%8 Apr 2020+532.8%
BTI0.9%24 Jan 2019+250.9%
WSO0.9%4 Feb 2019+168.6%
ABEV0.8%24 Jan 2019−18.6%
ARCC0.8%4 Feb 2019+146.5%
VTR0.8%15 Feb 2018+144.3%
JKHY0.7%13 May 2020−4.2%
NWG0.7%3 Dec 2020+388.0%
BL0.6%31 Dec 2018−16.8%
SBRA0.6%24 Jan 2019+87.7%
GSK0.6%16 Apr 2018+77.8%
TEVA0.6%3 Dec 2020+309.0%
WST0.6%10 Oct 2018+265.5%
TXN0.5%24 Jan 2019+274.8%
GILD0.5%24 Jan 2019+235.4%
RUSHA0.4%7 Mar 2019+308.4%
BABA0.4%1 Jun 2020−47.2%
KIM0.4%16 Apr 2018+169.6%
UL0.4%18 Feb 2020+23.3%
NAVI0.4%7 Mar 2019+13.8%
GNL0.4%15 Feb 2018+13.5%
CGNX0.3%31 Jul 2018+16.6%
VOD0.3%24 Jan 2019+38.0%
ALGN0.3%8 May 2020−27.0%
TM0.3%24 Jan 2019+89.6%
KIDS0.3%18 Feb 2020−37.0%
LKQ0.3%7 Mar 2019−18.5%
KRNT0.3%19 Feb 2020−59.4%
NEOG0.3%2 Jul 2019−60.3%
PRLB0.3%2 Oct 2019−29.4%
ERIC0.2%8 Apr 2020+71.3%
PRAA0.2%4 Feb 2019−33.4%
GNTX0.2%13 Sept 2017+26.8%
COTY0.2%24 Jan 2019−47.6%
LOGI0.2%24 Dec 2020+12.2%
HDB0.1%19 Aug 2020+4.4%
ICL0.1%5 Jan 2018+61.6%
JHX0.1%16 Apr 2018+68.6%
AZN0.1%24 Dec 2020+118.2%
TDOC0.1%4 Feb 2019−86.6%
HMC0.1%8 Apr 2020+85.6%
BUD0.1%24 Jan 2019+25.9%
WIX0.1%3 Dec 2020−69.9%
WPP0.1%24 Jan 2019−27.5%
MLCO0.0%3 Dec 2020−78.0%
BHR0.0%24 Jan 2019−80.8%
UPLD0.0%15 Apr 2020−98.5%
ZBRA0.0%7 Mar 2019+81.5%
PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest20 Jul 2017 to 2 Nov 2026+9.2%+14.6%0.400.71−37.0%1.06−4.8% (−1.51)
2018 onwards5 Jan 2018 to 2 Nov 2026+7.6%+13.9%0.320.66−37.0%1.06−5.8% (−1.82)
Last three years3 Nov 2023 to 2 Nov 2026+17.5%+21.8%0.821.16−17.1%0.90−1.6% (−0.30)
Last year7 Nov 2025 to 2 Nov 2026+10.5%+14.2%0.530.84−8.7%0.72−0.3% (−0.03)
DateCompanyAction
24 Dec 2020LOGIBought
24 Dec 2020AZNBought
3 Dec 2020WIXBought
3 Dec 2020TEVABought
3 Dec 2020NWGBought
3 Dec 2020MLCOBought
19 Aug 2020HDBBought
4 Aug 2020FIVEBought
2 Jul 2020WKBought
26 Jun 2020ALCBought
1 Jun 2020BABABought
13 May 2020JKHYBought
8 May 2020ALGNBought
24 Apr 2020BIDUBought
15 Apr 2020UPLDBought
15 Apr 2020ESIBought
8 Apr 2020UBSBought
8 Apr 2020HMCBought
8 Apr 2020ERICBought
19 Feb 2020KRNTBought
18 Feb 2020ULBought
18 Feb 2020OLLIBought
18 Feb 2020KIDSBought
2 Jan 2020LOPEBought
2 Jan 2020EXPOBought

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

DateCompanyAction
10 Nov 2020DORMSold
4 Aug 2020IFFSold
8 Jul 2020CXWSold
26 Jun 2020BIDUSold
1 Jun 2020EVHSold
8 May 2020AYISold
24 Apr 2020SLBSold
15 Apr 2020HSBCSold
18 Feb 2020TSMSold
18 Feb 2020SNASold
18 Feb 2020LINSold
18 Feb 2020HDBSold
18 Feb 2020CHKPSold
18 Feb 2020BIDUSold
29 Nov 2019TYLSold
29 Nov 2019PAYCSold
29 Nov 2019GLOBSold
21 Oct 2019WCCSold
21 Oct 2019SNASold
21 Oct 2019PEGASold
21 Oct 2019MSMSold
21 Oct 2019KRGSold
21 Oct 2019KHCSold
21 Oct 2019HCSGSold
21 Oct 2019EVHSold

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