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Funds (13F)

Bluecrest Capital Management Ltd

Backtest from 26 Dec 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+9.7%
S&P 500 +13.3%
Last 12 months
+1.7%
S&P 500 +12.1%
Sharpe ratio
0.43
S&P 500 0.71
Biggest drop
−39.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $44.0k$29.8k
StrategyS&P 500 $10,000 in Bluecrest Capital Management Ltd from 26 Dec 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Bluecrest Capital Management 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.

Bluecrest Capital Management Ltd's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+9.7%+13.3%
Total return+198%+340%
Last 12 months+1.7%+12.1%
Last 3 months−5.5%—
Last month−10.8%—
This year so far+2.0%—
Volatility a year21.7%16.5%
Sharpe ratio0.430.71
Biggest drop−39.5%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)−3.2% (−0.89)—
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
SPCX26.6%——
AMZN10.1%——
ECHO5.8%——
ZM4.8%——
CCXI4.5%——
PFSI3.8%——
FRMI3.6%——
DLR3.5%——
PCG3.3%——
MAIR2.6%——
RITM2.1%——
NVDA1.6%——
QNT1.6%——
WULF1.3%——
NTRA1.3%——
GOOGL1.2%——
VSH1.2%——
AMAT1.1%——
HPE1.0%——
MKSI1.0%——
SVAQ0.9%——
BTDR0.9%——
H0.9%——
GDS0.8%——
XE0.8%——
MIAX0.8%——
ARXS0.8%——
SBSW0.7%——
AGX0.6%——
NN0.4%——
PICS0.4%——
WHK0.4%——
SHAZ0.4%——
ALTI0.3%——
EROC0.3%——
KKR0.3%——
CLMT0.3%——
NIQ0.3%——
HONA0.3%——
BAC0.3%——
JPM0.3%——
C0.3%——
WFC0.3%——
MS0.3%——
MLYS0.3%——
CBC0.3%——
NUAI0.3%——
GS0.3%——
CME0.2%——
CLF0.2%——
LEU0.2%——
BRUN0.2%——
BIDU0.2%——
PAYP0.2%——
DDOG0.2%——
INTC0.2%——
ASTS0.2%——
STUB0.2%——
HON0.2%——
SIRI0.2%——
NP0.2%——
ARM0.1%——
RNA0.1%——
AMD0.1%——
DPC0.1%——
STM0.1%——
BEAG0.1%——
ATHM0.1%——
DE0.1%——
GSAT0.1%——
ON0.1%——
ASML0.1%——
META0.1%——
EDU0.1%——
MP0.1%——
FCBM0.1%——
LASR0.1%——
NBIS0.1%——
CMCSA0.1%——
DQ0.1%——
AUR0.1%——
SYM0.1%——
SYY0.1%——
MMTX0.0%——
SAP0.0%——
ONDS0.0%——
ELPC0.0%——
DIS0.0%——
EMBJ0.0%——
QCOM0.0%——
TIC0.0%——
SE0.0%——
BRCB0.0%——
BHVN0.0%——
MU0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest26 Dec 2014 to 2 Nov 2026+9.7%+13.3%0.430.71−39.5%1.08−3.2% (−0.89)
2018 onwards5 Jan 2018 to 2 Nov 2026+9.2%+13.9%0.370.66−39.5%1.07−3.8% (−0.81)
Last three years3 Nov 2023 to 2 Nov 2026+17.2%+21.8%0.671.16−14.5%0.94−1.9% (−0.22)
Last year7 Nov 2025 to 2 Nov 2026+6.1%+14.2%0.200.84−13.6%0.99−6.1% (−0.41)
DateCompanyAction
21 Aug 2026ZMBought
21 Aug 2026XEBought
21 Aug 2026WULFBought
21 Aug 2026WHKBought
21 Aug 2026VSHBought
21 Aug 2026SYYBought
21 Aug 2026SYMBought
21 Aug 2026STMBought
21 Aug 2026SPCXBought
21 Aug 2026SIRIBought
21 Aug 2026SHAZBought
21 Aug 2026SEBought
21 Aug 2026SBSWBought
21 Aug 2026SAPBought
21 Aug 2026RNABought
21 Aug 2026QNTBought
21 Aug 2026QCOMBought
21 Aug 2026ONDSBought
21 Aug 2026ONBought
21 Aug 2026NVDABought
21 Aug 2026NUAIBought
21 Aug 2026NTRABought
21 Aug 2026NPBought
21 Aug 2026NNBought
21 Aug 2026NBISBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WIXSold
21 Aug 2026VOYGSold
21 Aug 2026TSMSold
21 Aug 2026TEMSold
21 Aug 2026SOSold
21 Aug 2026SNDASold
21 Aug 2026PVLASold
21 Aug 2026PURRSold
21 Aug 2026PROPSold
21 Aug 2026OXYSold
21 Aug 2026NTSTSold
21 Aug 2026NCLHSold
21 Aug 2026MMEDSold
21 Aug 2026MDLNSold
21 Aug 2026LUNRSold
21 Aug 2026FLYSold
21 Aug 2026FIGRSold
21 Aug 2026EPRTSold
21 Aug 2026CLSKSold
21 Aug 2026BOBSSold
21 Aug 2026AVAVSold
22 May 2026XZOSold
22 May 2026XGNSold
22 May 2026WRDSold
22 May 2026VSTSold

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