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Congress: members

Shri Thanedar

Backtest from 28 Sept 2023 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+31.1%
S&P 500 +21.6%
Last 12 months
+17.4%
S&P 500 +12.1%
Sharpe ratio
1.21
S&P 500 1.12
Biggest drop
−21.5%
S&P 500 −16.9%
$10.0k$20.0k 2023202420252026 $23.1k$18.3k
Shri ThanedarS&P 500 $10,000 in Shri Thanedar from 28 Sept 2023 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. Shri Thanedar (Democrat, MI) 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.

Shri Thanedar's trades →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+31.1%+21.6%
Total return+131%+83%
Last 12 months+17.4%+12.1%
Last 3 months−0.8%—
Last month−3.7%—
This year so far+11.2%—
Volatility a year20.1%14.1%
Sharpe ratio1.211.12
Biggest drop−21.5%−16.9%
Beta to the S&P 5001.061.00
Alpha a year (t-statistic)+7.5% (0.97)—
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. 53 reported trades were copied.

Insights

CompanyWeightHeld sinceReturn since
AAPL61.3%12 Aug 2025+47.3%
GOOGL23.6%28 Sept 2023+116.2%
MSFT7.0%13 Aug 2026+4.3%
BRK.B3.4%28 Sept 2023+55.6%
AMZN3.3%28 Sept 2023+97.5%
WMT1.5%28 Sept 2023+142.3%
PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest28 Sept 2023 to 2 Nov 2026+31.1%+21.6%1.211.12−21.5%1.06+7.5% (0.97)
Last three years3 Nov 2023 to 2 Nov 2026+31.7%+21.8%1.251.16−21.5%1.05+8.0% (1.00)
Last year7 Nov 2025 to 2 Nov 2026+18.1%+14.2%0.690.84−12.2%1.19+3.0% (0.18)
DateCompanyAction
13 Aug 2026MSFTBought
12 Aug 2025MSTRBought
12 Aug 2025AAPLBought
28 Sept 2023WMTBought
28 Sept 2023SBUXBought
28 Sept 2023MSFTBought
28 Sept 2023KKRBought
28 Sept 2023GOOGLBought
28 Sept 2023CMPSBought
28 Sept 2023CHRSBought
28 Sept 2023CGBought
28 Sept 2023BXBought
28 Sept 2023BRK.BBought
28 Sept 2023BIIBBought
28 Sept 2023AXPBought
28 Sept 2023APOBought
28 Sept 2023AMZNBought
28 Sept 2023AAPLBought

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

DateCompanyAction
13 Aug 2026MSTRSold
12 Aug 2025MSFTSold
14 Aug 2024SBUXSold
14 Aug 2024KKRSold
14 Aug 2024CMPSSold
14 Aug 2024CHRSSold
14 Aug 2024CGSold
14 Aug 2024BXSold
14 Aug 2024BIIBSold
14 Aug 2024AXPSold
14 Aug 2024APOSold
14 Aug 2024AAPLSold

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