undamentalytics Newsletter
Sign in

Funds (13F)

Arga Investment Management, LP

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+18.4%
S&P 500 +14.1%
Last 12 months
+3.4%
S&P 500 +12.1%
Sharpe ratio
0.74
S&P 500 0.77
Biggest drop
−46.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $93.1k$57.0k
StrategyS&P 500 $10,000 in Arga Investment Management, LP from 16 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 Arga Investment Management, LP'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.

Arga Investment Management, LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+18.4%+14.1%
Total return+831%+470%
Last 12 months+3.4%+12.1%
Last 3 months−5.5%—
Last month−6.0%—
This year so far−2.4%—
Volatility a year23.5%15.9%
Sharpe ratio0.740.77
Biggest drop−46.1%−31.8%
Beta to the S&P 5001.041.00
Alpha a year (t-statistic)+4.7% (1.02)—
Share of weeks up57%—

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
XP10.8%——
AER9.9%——
TSM7.8%——
PBR7.5%——
TCOM7.0%——
BBD6.6%——
AEM6.5%——
MGA6.4%——
TME4.1%——
BIDU3.5%——
BABA2.3%——
AU1.9%——
CRM1.8%——
HUM1.8%——
MLCO1.8%——
ELV1.7%——
BMRN1.6%——
LVS1.6%——
CI1.1%——
NXPI1.0%——
TROW1.0%——
HDB0.9%——
MHK0.9%——
QCOM0.8%——
MRK0.7%——
ARW0.6%——
AA0.6%——
LCII0.6%——
CNC0.6%——
SON0.5%——
NTR0.5%——
SWKS0.5%——
SLGN0.5%——
PTEN0.5%——
OC0.5%——
JBS0.3%——
CNQ0.3%——
RY0.2%——
FMC0.1%——
ABEV0.1%——
UBS0.1%——
SLM0.1%——
RNR0.1%——
AVT0.1%——
ONTO0.1%——
CPRI0.1%——
ACLS0.1%——
LYB0.1%——
WCC0.1%——
COLB0.1%——
ITGR0.1%——
NSIT0.1%——
INMD0.1%——
AZN0.1%——
MAN0.1%——
BCC0.1%——
CRC0.1%——
WD0.1%——
BANC0.1%——
CNMD0.1%——
ASO0.1%——
AVTR0.1%——
BLDR0.1%——
LRN0.1%——
NSP0.1%——
BAX0.1%——
ABM0.1%——
MSM0.0%——
WYNN0.0%——
PVH0.0%——
WFC0.0%——
ICHR0.0%——
CZR0.0%——
DG0.0%——
FAF0.0%——
CHRD0.0%——
IVZ0.0%——
WAY0.0%——
JAZZ0.0%——
OLN0.0%——
ACHC0.0%——
BBWI0.0%——
CNM0.0%——
VSXY0.0%——
VET0.0%——
MOH0.0%——
MAT0.0%——
THO0.0%——
NVST0.0%——
ATKR0.0%——
AGO0.0%——
MBC0.0%——
PSIX0.0%——
FIBK0.0%——
UGI0.0%——
PII0.0%——
PLOW0.0%——
FOXF0.0%——
UCTT0.0%——
KFY0.0%——
JBI0.0%——
CC0.0%——
LZB0.0%——
FOUR0.0%——
APAM0.0%——
SMPL0.0%——
OLED0.0%——
EPC0.0%——
TNET0.0%——
INDV0.0%——
REPX0.0%——
UNM0.0%——
LEA0.0%——
SW0.0%——
BRBR0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+18.4%+14.1%0.740.77−46.1%1.04+4.7% (1.02)
2018 onwards5 Jan 2018 to 2 Nov 2026+15.8%+13.9%0.570.65−46.1%1.04+3.0% (0.48)
Last three years3 Nov 2023 to 2 Nov 2026+17.3%+21.8%0.621.10−17.1%0.80+0.6% (0.06)
Last year7 Nov 2025 to 2 Nov 2026+0.5%+14.2%−0.040.84−15.6%0.71−8.0% (−0.38)
DateCompanyAction
7 Aug 2026WFCBought
7 Aug 2026WAYBought
7 Aug 2026UNMBought
7 Aug 2026TNETBought
7 Aug 2026TMEBought
7 Aug 2026SWBought
7 Aug 2026SMPLBought
7 Aug 2026REPXBought
7 Aug 2026QCOMBought
7 Aug 2026OLEDBought
7 Aug 2026NSITBought
7 Aug 2026MBCBought
7 Aug 2026MATBought
7 Aug 2026LEABought
7 Aug 2026JBSBought
7 Aug 2026INDVBought
7 Aug 2026FOURBought
7 Aug 2026DGBought
7 Aug 2026CRMBought
7 Aug 2026CNMDBought
7 Aug 2026CNMBought
7 Aug 2026CIBought
7 Aug 2026BRBRBought
7 Aug 2026BMRNBought
7 Aug 2026BLDRBought

Dated at the rebalance that made the change.

DateCompanyAction
7 Aug 2026WBSold
7 Aug 2026VSHSold
7 Aug 2026VALESold
7 Aug 2026OXYSold
7 Aug 2026OGNSold
7 Aug 2026NAVISold
7 Aug 2026MUSold
7 Aug 2026JXNSold
7 Aug 2026HTGCSold
7 Aug 2026HOSSold
7 Aug 2026HALSold
7 Aug 2026GLOBSold
7 Aug 2026DOWSold
7 Aug 2026CRISold
7 Aug 2026CMCSASold
7 Aug 2026BZSold
7 Aug 2026AMNSold
1 May 2026TNETSold
1 May 2026NWLSold
1 May 2026LEASold
1 May 2026KELYASold
1 May 2026HCCSold
1 May 2026GSLSold
1 May 2026EPAMSold
1 May 2026CTSHSold

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