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Funds (13F)

Acadian Asset Management LLC

Backtest from 9 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.3%
S&P 500 +13.9%
Last 12 months
+10.9%
S&P 500 +12.1%
Sharpe ratio
0.69
S&P 500 0.77
Biggest drop
−31.4%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$46.4k
Acadian Asset Management LLCS&P 500 $10,000 in Acadian Asset Management LLC from 9 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Acadian Asset Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Acadian Asset Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.3%+13.9%
Total return+364%+459%
Last 12 months+10.9%+12.1%
Last 3 months+0.4%—
Last month−3.3%—
This year so far+9.3%—
Volatility a year15.8%16.0%
Sharpe ratio0.690.77
Biggest drop−31.4%−31.8%
Beta to the S&P 5000.961.00
Alpha a year (t-statistic)−0.9% (−0.83)—
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.

Insights

CompanyWeightHeld sinceReturn since
AAPL5.9%——
NVDA5.0%——
GOOGL2.8%——
AMZN2.6%——
MSFT2.3%——
BNS2.0%——
AMAT1.8%——
MU1.7%——
CM1.4%——
META1.4%——
COST1.4%——
AVGO1.4%——
KLAC1.3%——
ASML1.3%——
PEP1.2%——
LRCX1.2%——
C1.1%——
CL1.1%——
ABNB1.1%——
JPM0.9%——
TJX0.9%——
CSCO0.9%——
ERIC0.9%——
FTNT0.9%——
BMY0.8%——
LLY0.8%——
LOGI0.7%——
TD0.7%——
AMD0.7%——
BKNG0.7%——
SU0.6%——
ABBV0.6%——
MRK0.6%——
UNH0.6%——
CHKP0.6%——
EBAY0.6%——
ELV0.6%——
CNC0.6%——
SIMO0.6%——
STX0.6%——
BAC0.6%——
AZN0.6%——
ROST0.5%——
INTC0.5%——
RY0.5%——
TSLA0.5%——
EXPE0.5%——
GSK0.5%——
JNJ0.4%——
ZM0.4%——
WDC0.4%——
GS0.4%——
ANET0.4%——
VEEV0.4%——
TXN0.4%——
VLO0.4%——
SNDK0.4%——
KEYS0.4%——
MS0.4%——
NFLX0.3%——
TER0.3%——
CVX0.3%——
MA0.3%——
CMI0.3%——
VICI0.3%——
DELL0.3%——
PLD0.3%——
BNY0.3%——
KO0.3%——
PBR0.3%——
ASX0.3%——
HUM0.3%——
BMO0.3%——
CHE0.3%——
EQIX0.3%——
NUE0.3%——
HCA0.3%——
VIPS0.3%——
EME0.3%——
CAH0.2%——
INCY0.2%——
MCK0.2%——
ROKU0.2%——
CFG0.2%——
HBM0.2%——
PG0.2%——
MSI0.2%——
UBS0.2%——
GE0.2%——
TEL0.2%——
CIEN0.2%——
CVLT0.2%——
UTHR0.2%——
LIN0.2%——
GDDY0.2%——
DBX0.2%——
MRVL0.2%——
GLW0.2%——
PANW0.2%——
JCI0.2%——
HST0.2%——
UMC0.2%——
ADBE0.2%——
V0.2%——
NOW0.2%——
TGT0.2%——
FFIV0.2%——
PNC0.2%——
STT0.2%——
CRUS0.2%——
AME0.2%——
QCOM0.2%——
CAT0.2%——
VRT0.2%——
GWW0.2%——
JXN0.2%——
BOX0.2%——
NVO0.2%——
CTAS0.2%——
MNST0.2%——
T0.2%——
GRMN0.2%——
ETSY0.2%——
AYI0.2%——
HTHT0.2%——
MMM0.2%——
MRSH0.2%——
NEM0.2%——
CGAU0.1%——
ADI0.1%——
TT0.1%——
RS0.1%——
APD0.1%——
INTU0.1%——
CI0.1%——
MET0.1%——
CRWD0.1%——
NYT0.1%——
CTVA0.1%——
IBM0.1%——
ABT0.1%——
MOH0.1%——
HAL0.1%——
TEAM0.1%——
HIMX0.1%——
NTRS0.1%——
FSM0.1%——
TRV0.1%——
TMUS0.1%——
DLB0.1%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest9 Aug 2013 to 2 Nov 2026+12.3%+13.9%0.690.77−31.4%0.96−0.9% (−0.83)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.9%+13.9%0.570.66−31.4%0.96−1.4% (−0.99)
Last three years3 Nov 2023 to 2 Nov 2026+20.7%+21.8%1.061.16−17.9%1.00−0.8% (−0.32)
Last year7 Nov 2025 to 2 Nov 2026+13.2%+14.2%0.750.84−9.4%0.96−0.4% (−0.10)
DateCompanyAction
14 Aug 2026YMMBought
14 Aug 2026XERSBought
14 Aug 2026WRNBought
14 Aug 2026WLKBought
14 Aug 2026WHBought
14 Aug 2026WESBought
14 Aug 2026WCCBought
14 Aug 2026WABCBought
14 Aug 2026VYXBought
14 Aug 2026VTOLBought
14 Aug 2026VSTSBought
14 Aug 2026VNCEBought
14 Aug 2026VGBought
14 Aug 2026URGNBought
14 Aug 2026UPLDBought
14 Aug 2026UPBBought
14 Aug 2026UNMBought
14 Aug 2026UHALBought
14 Aug 2026UFIBought
14 Aug 2026TYRABought
14 Aug 2026TWSTBought
14 Aug 2026TRSBought
14 Aug 2026TRNOBought
14 Aug 2026TRAXBought
14 Aug 2026TOURBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026ZDSold
14 Aug 2026YUMCSold
14 Aug 2026YUMSold
14 Aug 2026XZOSold
14 Aug 2026XPSold
14 Aug 2026XFORSold
14 Aug 2026XENESold
14 Aug 2026XELSold
14 Aug 2026WWWSold
14 Aug 2026WTSSold
14 Aug 2026WPCSold
14 Aug 2026WOOFSold
14 Aug 2026WMSSold
14 Aug 2026WMKSold
14 Aug 2026WINASold
14 Aug 2026WHRSold
14 Aug 2026WHDSold
14 Aug 2026WGSSold
14 Aug 2026WGOSold
14 Aug 2026WATSold
14 Aug 2026WASHSold
14 Aug 2026VVXSold
14 Aug 2026VTSISold
14 Aug 2026VTRSold
14 Aug 2026VOCSold

Dated at the rebalance that made the change.

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