Funds (13F)
Antipodes Partners Ltd
Backtest from 13 Jan 2017 to 2 Nov 2026 · weekly · hypothetical
- Return a year
- +15.5% S&P 500 +14.8%
- Last 12 months
- +16.8% S&P 500 +12.1%
- Sharpe ratio
- 0.71 S&P 500 0.72
- Biggest drop
- −33.5% S&P 500 −31.8%
About
Copies Antipodes Partners Ltd'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.
Key statistics
| Measure | Strategy | S&P 500 |
|---|---|---|
| Return a year (compound) | +15.5% | +14.8% |
| Total return | +311% | +288% |
| Last 12 months | +16.8% | +12.1% |
| Last 3 months | +2.4% | — |
| Last month | +4.6% | — |
| This year so far | +10.9% | — |
| Volatility a year | 18.8% | 17.4% |
| Sharpe ratio | 0.71 | 0.72 |
| Biggest drop | −33.5% | −31.8% |
| Beta to the S&P 500 | 0.96 | 1.00 |
| Alpha a year (t-statistic) | +1.3% (0.47) | — |
| Share of weeks up | 57% | — |
Insights
| Company | Weight | Held since | Return since |
|---|---|---|---|
| AMZN | 4.6% | — | — |
| AEP | 4.5% | — | — |
| COF | 3.8% | — | — |
| NVDA | 3.6% | — | — |
| EXC | 3.6% | — | — |
| FER | 3.6% | — | — |
| BKD | 3.5% | — | — |
| SRE | 3.2% | — | — |
| MSFT | 2.9% | — | — |
| AEE | 2.8% | — | — |
| MRK | 2.7% | — | — |
| B | 2.7% | — | — |
| KEYS | 2.5% | — | — |
| CCI | 2.5% | — | — |
| WTRG | 2.4% | — | — |
| ETR | 2.4% | — | — |
| HCA | 2.2% | — | — |
| D | 2.1% | — | — |
| HTO | 2.1% | — | — |
| LNG | 2.0% | — | — |
| DUK | 2.0% | — | — |
| NI | 2.0% | — | — |
| META | 2.0% | — | — |
| ENB | 2.0% | — | — |
| CART | 2.0% | — | — |
| BKNG | 1.8% | — | — |
| EVRG | 1.6% | — | — |
| EAT | 1.5% | — | — |
| CRM | 1.5% | — | — |
| DIS | 1.5% | — | — |
| AMT | 1.4% | — | — |
| SLB | 1.4% | — | — |
| VAL | 1.4% | — | — |
| ALLY | 1.4% | — | — |
| GMED | 1.4% | — | — |
| KDP | 1.3% | — | — |
| NU | 1.2% | — | — |
| VTR | 1.0% | — | — |
| EGO | 1.0% | — | — |
| PGR | 1.0% | — | — |
| ALNY | 0.9% | — | — |
| CWT | 0.7% | — | — |
| DT | 0.6% | — | — |
| HDB | 0.6% | — | — |
| TEL | 0.5% | — | — |
| OC | 0.5% | — | — |
| JNJ | 0.5% | — | — |
| NEM | 0.4% | — | — |
| PFGC | 0.4% | — | — |
| HON | 0.4% | — | — |
| WDAY | 0.4% | — | — |
| SWKS | 0.4% | — | — |
| GLOB | 0.4% | — | — |
| BIIB | 0.4% | — | — |
| TSM | 0.4% | — | — |
| HONA | 0.3% | — | — |
| NCLH | 0.3% | — | — |
| DGX | 0.3% | — | — |
| ROKU | 0.3% | — | — |
| GRAB | 0.2% | — | — |
| LBRT | 0.2% | — | — |
| HUMA | 0.1% | — | — |
| BAND | 0.1% | — | — |
| CHYM | 0.1% | — | — |
| BABA | 0.1% | — | — |
| GPCR | 0.1% | — | — |
| NAVN | 0.1% | — | — |
| SDRL | 0.0% | — | — |
| FICO | 0.0% | — | — |
| FRMI | 0.0% | — | — |
| Z | 0.0% | — | — |
| TH | 0.0% | — | — |
| XYZ | 0.0% | — | — |
| ACIC | 0.0% | — | — |
| UBS | 0.0% | — | — |
| BRKR | 0.0% | — | — |
| VEEV | 0.0% | — | — |
| SMWB | 0.0% | — | — |
| SDGR | 0.0% | — | — |
| MGNI | 0.0% | — | — |
| CERT | 0.0% | — | — |
| PCOR | 0.0% | — | — |
| INIO | 0.0% | — | — |
| PDD | 0.0% | — | — |
| AZN | 0.0% | — | — |
| TDW | 0.0% | — | — |
| ARGX | 0.0% | — | — |
| SYK | 0.0% | — | — |
| IMNM | 0.0% | — | — |
| COR | 0.0% | — | — |
| LLY | 0.0% | — | — |
| STE | 0.0% | — | — |
| VRTX | 0.0% | — | — |
| WAT | 0.0% | — | — |
| JCI | 0.0% | — | — |
| UNH | 0.0% | — | — |
| NTRA | 0.0% | — | — |
| ESTA | 0.0% | — | — |
| SIBN | 0.0% | — | — |
| ABT | 0.0% | — | — |
| AVA | 0.0% | — | — |
| ADSK | 0.0% | — | — |
| GE | 0.0% | — | — |
| IR | 0.0% | — | — |
| MYRG | 0.0% | — | — |
| HUM | 0.0% | — | — |
| ELAN | 0.0% | — | — |
| ORA | 0.0% | — | — |
| THC | 0.0% | — | — |
| DNTH | 0.0% | — | — |
| QGEN | 0.0% | — | — |
| MASS | 0.0% | — | — |
| EW | 0.0% | — | — |
| CI | 0.0% | — | — |
| BIO | 0.0% | — | — |
| MCK | 0.0% | — | — |
| TNGX | 0.0% | — | — |
| ANL | 0.0% | — | — |
| RLMD | 0.0% | — | — |
| Period | Return a year | S&P 500 | Sharpe | S&P 500 | Biggest drop | Beta | Alpha (t) |
|---|---|---|---|---|---|---|---|
| Whole backtest13 Jan 2017 to 2 Nov 2026 | +15.5% | +14.8% | 0.71 | 0.72 | −33.5% | 0.96 | +1.3% (0.47) |
| 2018 onwards5 Jan 2018 to 2 Nov 2026 | +13.6% | +13.9% | 0.60 | 0.64 | −33.5% | 0.96 | +0.4% (0.14) |
| Last three years3 Nov 2023 to 2 Nov 2026 | +23.9% | +21.8% | 1.31 | 1.16 | −13.9% | 0.79 | +5.1% (1.08) |
| Last year7 Nov 2025 to 2 Nov 2026 | +17.2% | +14.2% | 1.08 | 0.84 | −6.9% | 0.44 | +8.1% (0.77) |
| Date | Company | Action |
|---|---|---|
| 7 Aug 2026 | Z | Bought |
| 7 Aug 2026 | VEEV | Bought |
| 7 Aug 2026 | UNH | Bought |
| 7 Aug 2026 | THC | Bought |
| 7 Aug 2026 | TEL | Bought |
| 7 Aug 2026 | SWKS | Bought |
| 7 Aug 2026 | SMWB | Bought |
| 7 Aug 2026 | PFGC | Bought |
| 7 Aug 2026 | NCLH | Bought |
| 7 Aug 2026 | MGNI | Bought |
| 7 Aug 2026 | MCK | Bought |
| 7 Aug 2026 | LLY | Bought |
| 7 Aug 2026 | LBRT | Bought |
| 7 Aug 2026 | INIO | Bought |
| 7 Aug 2026 | HUM | Bought |
| 7 Aug 2026 | HONA | Bought |
| 7 Aug 2026 | HON | Bought |
| 7 Aug 2026 | GRAB | Bought |
| 7 Aug 2026 | EW | Bought |
| 7 Aug 2026 | ESTA | Bought |
| 7 Aug 2026 | ELAN | Bought |
| 7 Aug 2026 | DT | Bought |
| 7 Aug 2026 | CWT | Bought |
| 7 Aug 2026 | CI | Bought |
| 7 Aug 2026 | BKNG | Bought |
| Date | Company | Action |
|---|---|---|
| 7 Aug 2026 | VRDN | Sold |
| 7 Aug 2026 | VNET | Sold |
| 7 Aug 2026 | TEVA | Sold |
| 7 Aug 2026 | TARS | Sold |
| 7 Aug 2026 | STNE | Sold |
| 7 Aug 2026 | REGN | Sold |
| 7 Aug 2026 | PSIX | Sold |
| 7 Aug 2026 | OTIS | Sold |
| 7 Aug 2026 | ORIC | Sold |
| 7 Aug 2026 | ORCL | Sold |
| 7 Aug 2026 | LZ | Sold |
| 7 Aug 2026 | LXU | Sold |
| 7 Aug 2026 | IRTC | Sold |
| 7 Aug 2026 | IRON | Sold |
| 7 Aug 2026 | IDYA | Sold |
| 7 Aug 2026 | GILD | Sold |
| 7 Aug 2026 | DXCM | Sold |
| 7 Aug 2026 | COLD | Sold |
| 7 Aug 2026 | CLPR | Sold |
| 7 Aug 2026 | CABA | Sold |
| 7 Aug 2026 | BSX | Sold |
| 7 Aug 2026 | BIOA | Sold |
| 7 Aug 2026 | AZO | Sold |
| 7 Aug 2026 | ALC | Sold |
| 8 May 2026 | WLK | Sold |