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Funds (13F)

Bridgeway Capital Management, LLC

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

Watch this strategy
Return a year
+12.3%
S&P 500 +14.1%
Last 12 months
+25.8%
S&P 500 +12.1%
Sharpe ratio
0.61
S&P 500 0.78
Biggest drop
−39.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$46.3k
StrategyS&P 500 $10,000 in Bridgeway Capital Management, LLC 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 Bridgeway Capital Management, 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.

Bridgeway Capital Management, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.3%+14.1%
Total return+363%+470%
Last 12 months+25.8%+12.1%
Last 3 months−0.6%—
Last month+0.8%—
This year so far+18.9%—
Volatility a year18.7%16.0%
Sharpe ratio0.610.78
Biggest drop−39.7%−31.8%
Beta to the S&P 5001.041.00
Alpha a year (t-statistic)−1.6% (−0.69)—
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
NVDA1.0%——
AMD0.9%——
AVGO0.9%——
AAPL0.8%——
VSAT0.8%——
JPM0.8%——
VSXY0.7%——
UNH0.7%——
CSCO0.7%——
MSFT0.7%——
ENVA0.7%——
GOOGL0.6%——
LLY0.6%——
BFH0.6%——
AMZN0.6%——
SPHR0.6%——
JNJ0.6%——
META0.6%——
COST0.5%——
PLTR0.5%——
BHE0.5%——
CALY0.5%——
INSW0.5%——
TPC0.5%——
BAC0.5%——
TSLA0.5%——
RTX0.5%——
MA0.5%——
IBM0.5%——
MCD0.5%——
KO0.5%——
MRK0.5%——
V0.5%——
ORCL0.5%——
PG0.5%——
WMT0.5%——
ABBV0.5%——
HD0.5%——
DIS0.5%——
VZ0.5%——
CVX0.5%——
NFLX0.5%——
WFC0.5%——
FFBC0.5%——
NTCT0.5%——
PHIN0.5%——
BKU0.5%——
SIG0.5%——
LBRT0.4%——
WSBC0.4%——
HG0.4%——
RNST0.4%——
PFS0.4%——
PTEN0.4%——
NESR0.4%——
VAC0.4%——
DAN0.4%——
SPNT0.4%——
KMT0.4%——
UNFI0.4%——
CUBI0.4%——
ALGT0.4%——
WAFD0.4%——
BANC0.4%——
HP0.4%——
PARR0.4%——
TRN0.4%——
KALU0.4%——
VC0.4%——
ANDE0.3%——
MD0.3%——
EFSC0.3%——
ATKR0.3%——
BTU0.3%——
SFNC0.3%——
PENN0.3%——
BUSE0.3%——
WTTR0.3%——
SAH0.3%——
AEO0.3%——
TRMK0.3%——
FRME0.3%——
TNK0.3%——
WERN0.3%——
BANR0.3%——
LCII0.3%——
SRCE0.3%——
BBT0.3%——
PLGO0.3%——
CXW0.3%——
CRGY0.3%——
HOG0.3%——
VISN0.3%——
HTH0.3%——
HMN0.3%——
ECPG0.3%——
TALO0.3%——
KSS0.3%——
BY0.3%——
EZPW0.3%——
OFG0.3%——
PRG0.3%——
CMRE0.3%——
SPB0.3%——
QCRH0.3%——
BAND0.3%——
OLN0.3%——
NWL0.3%——
DNOW0.3%——
SBH0.3%——
NMIH0.3%——
STBA0.3%——
ABM0.3%——
AMAL0.3%——
EVC0.3%——
GIII0.2%——
GLUE0.2%——
ARCB0.2%——
WS0.2%——
NWPX0.2%——
CCS0.2%——
ZD0.2%——
DCOM0.2%——
DLX0.2%——
HUN0.2%——
NOG0.2%——
LPG0.2%——
INVX0.2%——
UVE0.2%——
PUMP0.2%——
PAGS0.2%——
REX0.2%——
WKC0.2%——
TTI0.2%——
RBCAA0.2%——
NBHC0.2%——
SCSC0.2%——
STC0.2%——
PLAB0.2%——
AGM0.2%——
TDOC0.2%——
CASH0.2%——
WLFC0.2%——
NBR0.2%——
WMK0.2%——
SCHL0.2%——
HOPE0.2%——
SFL0.2%——
OCFC0.2%——
VTOL0.2%——

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+12.3%+14.1%0.610.78−39.7%1.04−1.6% (−0.69)
2018 onwards5 Jan 2018 to 2 Nov 2026+10.9%+13.9%0.460.66−39.7%1.04−2.5% (−0.71)
Last three years3 Nov 2023 to 2 Nov 2026+20.7%+21.8%0.911.16−22.3%0.91+1.1% (0.15)
Last year7 Nov 2025 to 2 Nov 2026+26.5%+14.2%1.640.84−7.5%0.55+14.7% (1.39)
DateCompanyAction
21 Aug 2026XLOBought
21 Aug 2026WLYBought
21 Aug 2026VWAVBought
21 Aug 2026VICIBought
21 Aug 2026UMACBought
21 Aug 2026TXGBought
21 Aug 2026TTGTBought
21 Aug 2026TRAKBought
21 Aug 2026TNXPBought
21 Aug 2026SVIABought
21 Aug 2026STNEBought
21 Aug 2026STLDBought
21 Aug 2026STCBought
21 Aug 2026SRGBought
21 Aug 2026SONOBought
21 Aug 2026SLDEBought
21 Aug 2026SKWDBought
21 Aug 2026SCYXBought
21 Aug 2026SCORBought
21 Aug 2026SBGIBought
21 Aug 2026RXSTBought
21 Aug 2026RIGLBought
21 Aug 2026REALBought
21 Aug 2026RDZNBought
21 Aug 2026QUIKBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026UGSold
21 Aug 2026TRNOSold
21 Aug 2026TNGXSold
21 Aug 2026TJXSold
21 Aug 2026TEXSold
21 Aug 2026TDSSold
21 Aug 2026TDAYSold
21 Aug 2026SLDBSold
21 Aug 2026SKYXSold
21 Aug 2026SKINSold
21 Aug 2026SGRYSold
21 Aug 2026SBRASold
21 Aug 2026RRBISold
21 Aug 2026RCELSold
21 Aug 2026PRUSold
21 Aug 2026PEPSold
21 Aug 2026OTTRSold
21 Aug 2026OPXSSold
21 Aug 2026OPRXSold
21 Aug 2026OLMASold
21 Aug 2026OKLOSold
21 Aug 2026NWBISold
21 Aug 2026NUSold
21 Aug 2026NPKISold
21 Aug 2026MTEXSold

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