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Funds (13F)

Adage Capital Partners Gp, L.L.C.

Backtest from 19 Jul 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+14.6%
S&P 500 +13.8%
Last 12 months
+14.1%
S&P 500 +12.1%
Sharpe ratio
0.79
S&P 500 0.77
Biggest drop
−33.3%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $61.3k$55.9k
StrategyS&P 500 $10,000 in Adage Capital Partners Gp, L.L.C. from 19 Jul 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Adage Capital Partners Gp, L.L.C.'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.

Adage Capital Partners Gp, L.L.C.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.6%+13.8%
Total return+513%+459%
Last 12 months+14.1%+12.1%
Last 3 months+0.8%—
Last month−2.1%—
This year so far+11.4%—
Volatility a year16.5%15.9%
Sharpe ratio0.790.77
Biggest drop−33.3%−31.8%
Beta to the S&P 5001.021.00
Alpha a year (t-statistic)+0.5% (0.67)—
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
NVDA6.6%——
AAPL5.7%——
MSFT3.7%——
AMZN3.1%——
GOOGL2.8%——
AVGO2.4%——
MU1.8%——
META1.8%——
TSLA1.6%——
LLY1.3%——
AMD1.3%——
JPM1.2%——
COP1.1%——
JNJ1.0%——
INTC0.9%——
LRCX0.8%——
V0.8%——
UNH0.7%——
WMT0.6%——
AMAT0.6%——
CSCO0.6%——
ABBV0.6%——
CAT0.6%——
COST0.6%——
BAC0.6%——
ROIV0.6%——
MA0.6%——
DVN0.5%——
PRAX0.5%——
GE0.5%——
PG0.5%——
HD0.5%——
CVX0.4%——
KO0.4%——
KLAC0.4%——
GEV0.4%——
DOV0.4%——
RTX0.4%——
ORCL0.4%——
PANW0.4%——
SNDK0.4%——
MRK0.4%——
NFLX0.4%——
IBM0.4%——
PM0.4%——
APH0.4%——
NSC0.4%——
PLTR0.4%——
JCI0.4%——
LIN0.3%——
OVV0.3%——
VNOM0.3%——
WFC0.3%——
MRVL0.3%——
GS0.3%——
TXN0.3%——
ABT0.3%——
TMO0.3%——
WDC0.3%——
VRTX0.3%——
MS0.3%——
STX0.3%——
ANET0.3%——
AJG0.3%——
TNGX0.3%——
CRWD0.3%——
AMGN0.3%——
CVS0.3%——
QCOM0.3%——
BBIO0.3%——
UAL0.3%——
C0.2%——
ADI0.2%——
MTDR0.2%——
VZ0.2%——
SYRE0.2%——
CB0.2%——
XEL0.2%——
ASML0.2%——
BA0.2%——
TVTX0.2%——
EQIX0.2%——
DIS0.2%——
AR0.2%——
GLW0.2%——
TRV0.2%——
RPRX0.2%——
MMM0.2%——
TJX0.2%——
SWK0.2%——
CRM0.2%——
AEP0.2%——
GILD0.2%——
WELL0.2%——
MPWR0.2%——
ETN0.2%——
CHRD0.2%——
ISRG0.2%——
UBER0.2%——
TT0.2%——
AON0.2%——
COHR0.2%——
T0.2%——
APP0.2%——
CMI0.2%——
DE0.2%——
AXP0.2%——
VTR0.2%——
MCD0.2%——
SWX0.2%——
BKNG0.2%——
NRG0.2%——
BLK0.2%——
CVE0.2%——
LOW0.2%——
VRT0.2%——
RVMD0.2%——
PEP0.2%——
COF0.2%——
SPGI0.2%——
RCL0.2%——
PNW0.2%——
D0.2%——
JBTM0.2%——
MO0.2%——
DDOG0.2%——
PGR0.2%——
PH0.2%——
FBIN0.2%——
SCHW0.2%——
TEL0.2%——
ETR0.1%——
IDYA0.1%——
GD0.1%——
DELL0.1%——
CSX0.1%——
BMY0.1%——
KDP0.1%——
SYK0.1%——
PSX0.1%——
HWM0.1%——
SRRK0.1%——
PWR0.1%——
ORLY0.1%——
PFE0.1%——
PCG0.1%——
INSM0.1%——
PLD0.1%——
IEX0.1%——
JBL0.1%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest19 Jul 2013 to 2 Nov 2026+14.6%+13.8%0.790.77−33.3%1.02+0.5% (0.67)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.7%+13.9%0.630.66−33.3%1.02−0.4% (−0.46)
Last three years3 Nov 2023 to 2 Nov 2026+21.6%+21.8%1.151.16−17.9%0.99+0.1% (0.04)
Last year7 Nov 2025 to 2 Nov 2026+16.1%+14.2%1.040.84−6.9%0.88+2.7% (0.79)
DateCompanyAction
21 Aug 2026ZIMBought
21 Aug 2026XLOBought
21 Aug 2026WYBought
21 Aug 2026WHKBought
21 Aug 2026VEEVBought
21 Aug 2026UGIBought
21 Aug 2026TYRABought
21 Aug 2026TSHABought
21 Aug 2026TREXBought
21 Aug 2026TRAXBought
21 Aug 2026TEVABought
21 Aug 2026TBNBought
21 Aug 2026SYREBought
21 Aug 2026SYKBought
21 Aug 2026SWKSBought
21 Aug 2026SUIBought
21 Aug 2026SPCXBought
21 Aug 2026SOLSBought
21 Aug 2026SOCBought
21 Aug 2026SNDBought
21 Aug 2026SMMTBought
21 Aug 2026SINDBought
21 Aug 2026SHOPBought
21 Aug 2026SCYXBought
21 Aug 2026SBCFBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WSCSold
21 Aug 2026WLTHSold
21 Aug 2026WHSold
21 Aug 2026VRDNSold
21 Aug 2026VOYASold
21 Aug 2026USARSold
21 Aug 2026UMBFSold
21 Aug 2026UHSSold
21 Aug 2026TROWSold
21 Aug 2026TRIPSold
21 Aug 2026TKRSold
21 Aug 2026THGSold
21 Aug 2026SYYSold
21 Aug 2026SUNBSold
21 Aug 2026STROSold
21 Aug 2026SSRMSold
21 Aug 2026SSDSold
21 Aug 2026SOSold
21 Aug 2026SLVMSold
21 Aug 2026SIRISold
21 Aug 2026SIMOSold
21 Aug 2026SHMDSold
21 Aug 2026SHELSold
21 Aug 2026SHAKSold
21 Aug 2026SEPNSold

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