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Funds (13F)

Armistice Capital, LLC

Backtest from 20 Feb 2015 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+14.2%
S&P 500 +13.4%
Last 12 months
+7.0%
S&P 500 +12.1%
Sharpe ratio
0.61
S&P 500 0.71
Biggest drop
−32.4%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 201520172019202120232025 $47.1k$43.5k
Armistice Capital, LLCS&P 500 $10,000 in Armistice Capital, LLC from 20 Feb 2015 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Armistice Capital, 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.

Armistice Capital, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.2%+13.4%
Total return+371%+335%
Last 12 months+7.0%+12.1%
Last 3 months−4.0%—
Last month−2.4%—
This year so far+1.5%—
Volatility a year21.8%16.5%
Sharpe ratio0.610.71
Biggest drop−32.4%−31.8%
Beta to the S&P 5000.961.00
Alpha a year (t-statistic)+2.2% (0.49)—
Share of weeks up55%—

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
MDGL4.4%——
SUPN3.5%——
CYTK2.9%——
INCY2.9%——
NBIX2.6%——
TVTX2.5%——
AGIO2.5%——
PTCT2.5%——
UNH2.2%——
FRPT2.1%——
DYN2.0%——
AMZN1.9%——
IMVT1.9%——
RIGL1.9%——
TMO1.8%——
IRWD1.7%——
HRMY1.6%——
REGN1.6%——
NKTR1.4%——
MLYS1.3%——
IMCR1.3%——
GOOGL1.3%——
SLDB1.2%——
MDB1.2%——
KURA1.1%——
XRAY1.1%——
UBER1.0%——
AXGN1.0%——
IRON1.0%——
GTLB0.9%——
FIVN0.9%——
HUBS0.9%——
ALGN0.9%——
MSFT0.9%——
OFIX0.8%——
HUM0.8%——
ANGO0.8%——
WAT0.8%——
VSTM0.8%——
FDMT0.8%——
NTLA0.7%——
WYNN0.7%——
TMCI0.7%——
AUTL0.7%——
ARVN0.7%——
MGNX0.7%——
ANRO0.7%——
TOST0.6%——
PATH0.6%——
TSM0.6%——
S0.6%——
LEN0.6%——
ISRG0.6%——
RH0.6%——
ZETA0.5%——
WDAY0.5%——
NBIS0.5%——
INTC0.5%——
BABA0.5%——
ILMN0.5%——
PBH0.5%——
GSK0.5%——
FWONK0.5%——
ITGR0.5%——
CPRI0.4%——
XERS0.4%——
SRRK0.4%——
LYV0.4%——
NVO0.4%——
TWST0.4%——
APP0.4%——
BCYC0.4%——
PENN0.4%——
BMY0.4%——
BBOT0.4%——
CROX0.4%——
MU0.4%——
BE0.4%——
VERA0.4%——
TTWO0.4%——
SYRE0.3%——
KYMR0.3%——
VYGR0.3%——
MRVL0.3%——
TER0.3%——
GNRC0.3%——
RDDT0.3%——
NUVB0.3%——
BSX0.3%——
ELF0.3%——
NPCE0.3%——
NTSK0.3%——
ABNB0.3%——
FOXA0.3%——
SHAK0.3%——
SMTC0.3%——
EOLS0.3%——
DDOG0.3%——
BBY0.3%——
ZURA0.3%——
EW0.3%——
NVDA0.2%——
PEGA0.2%——
BL0.2%——
ARMK0.2%——
RBLX0.2%——
INGN0.2%——
NKE0.2%——
SBUX0.2%——
APPN0.2%——
BILL0.2%——
ROST0.2%——
RPID0.2%——
CTOR0.2%——
ORLY0.1%——
RTB0.1%——
AMAT0.1%——
DWTX0.1%——
LIVN0.1%——
PONY0.1%——
BTSG0.1%——
TSEM0.1%——
MCK0.1%——
ESLA0.1%——
CRMD0.1%——
LEVI0.1%——
DHR0.1%——
LSCC0.1%——
STX0.1%——
SNDK0.1%——
LRCX0.1%——
TTMI0.1%——
LITE0.1%——
WDC0.1%——
STM0.1%——
ALAB0.1%——
MPWR0.1%——
KYNB0.1%——
ENTG0.1%——
RRX0.1%——
REPL0.1%——
BGS0.1%——
VRCA0.1%——
GLW0.1%——
CNDT0.1%——
INUV0.1%——
ABT0.1%——
ASML0.1%——
KLAC0.1%——
COHR0.1%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest20 Feb 2015 to 2 Nov 2026+14.2%+13.4%0.610.71−32.4%0.96+2.2% (0.49)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.3%+13.9%0.560.66−32.4%0.93+0.8% (0.19)
Last three years3 Nov 2023 to 2 Nov 2026+17.6%+21.8%0.681.16−25.4%1.02−2.8% (−0.34)
Last year7 Nov 2025 to 2 Nov 2026+10.6%+14.2%0.400.84−14.3%1.10−2.9% (−0.19)
DateCompanyAction
21 Aug 2026ZGNBought
21 Aug 2026WTRGBought
21 Aug 2026WSTBought
21 Aug 2026WATBought
21 Aug 2026VSATBought
21 Aug 2026VNOMBought
21 Aug 2026VMIBought
21 Aug 2026VITLBought
21 Aug 2026VIKBought
21 Aug 2026VEEVBought
21 Aug 2026UUUUBought
21 Aug 2026UDRBought
21 Aug 2026TXRHBought
21 Aug 2026TXNMBought
21 Aug 2026TWSTBought
21 Aug 2026TTWOBought
21 Aug 2026TTMIBought
21 Aug 2026TSNBought
21 Aug 2026TGTBought
21 Aug 2026SXTBought
21 Aug 2026STUBBought
21 Aug 2026STMBought
21 Aug 2026SOFIBought
21 Aug 2026SNBought
21 Aug 2026SMRBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WWWSold
21 Aug 2026WKSPSold
21 Aug 2026VVOSSold
21 Aug 2026VSXYSold
21 Aug 2026USARSold
21 Aug 2026URISold
21 Aug 2026TRXSold
21 Aug 2026TEXSold
21 Aug 2026TENXSold
21 Aug 2026SCLXSold
21 Aug 2026SCHWSold
21 Aug 2026RKLBSold
21 Aug 2026RKDASold
21 Aug 2026RIVNSold
21 Aug 2026RITMSold
21 Aug 2026REVBSold
21 Aug 2026RDNSold
21 Aug 2026QTEXSold
21 Aug 2026QGENSold
21 Aug 2026PTLOSold
21 Aug 2026PRTASold
21 Aug 2026PRSUSold
21 Aug 2026PFSISold
21 Aug 2026PDSBSold
21 Aug 2026OTLKSold

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