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Funds (13F)

Castle Hook Partners LP

Backtest from 17 Feb 2017 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.3%
S&P 500 +14.6%
Last 12 months
+11.0%
S&P 500 +12.1%
Sharpe ratio
0.49
S&P 500 0.72
Biggest drop
−41.8%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 20172019202120232025 $37.5k$30.7k
Castle Hook Partners LPS&P 500 $10,000 in Castle Hook Partners LP from 17 Feb 2017 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Castle Hook Partners 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.

Castle Hook Partners LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.3%+14.6%
Total return+207%+275%
Last 12 months+11.0%+12.1%
Last 3 months−4.8%—
Last month−9.2%—
This year so far+1.3%—
Volatility a year24.6%17.2%
Sharpe ratio0.490.72
Biggest drop−41.8%−31.8%
Beta to the S&P 5001.191.00
Alpha a year (t-statistic)−2.9% (−0.66)—
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
NTRA7.8%——
WDC6.3%——
LLY6.1%——
SNDK5.9%——
STX5.8%——
DHR4.5%——
TTMI3.7%——
AMZN3.4%——
DKS3.3%——
VIK3.2%——
AMAT3.2%——
DXCM2.9%——
WELL2.5%——
W2.5%——
COMP2.3%——
CRDO2.2%——
SOLS2.2%——
FIX2.1%——
INTC2.0%——
LIN1.9%——
CRBG1.8%——
EQH1.7%——
HBM1.5%——
ADI1.5%——
SGI1.3%——
UAL1.3%——
DAL1.3%——
LPLA1.3%——
INSM1.2%——
EQIX1.1%——
SLB1.1%——
HOOD1.0%——
SPHR1.0%——
TMO0.9%——
MT0.8%——
HAL0.8%——
APP0.7%——
V0.6%——
KRMN0.6%——
RIG0.6%——
GIL0.5%——
WMT0.5%——
NAMS0.5%——
BWA0.5%——
MCHP0.5%——
FCX0.5%——
STLD0.3%——
AA0.2%——
RDDT0.1%——
TSCO0.1%——
NUE0.1%——
RKT0.1%——
LITE0.0%——
LFTO0.0%——
NUVB0.0%——
COHR0.0%——
AMD0.0%——
ENHA0.0%——
GMTL0.0%——
TWST0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest17 Feb 2017 to 2 Nov 2026+12.3%+14.6%0.490.72−41.8%1.19−2.9% (−0.66)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.8%+13.9%0.460.66−41.8%1.19−2.5% (−0.53)
Last three years3 Nov 2023 to 2 Nov 2026+27.9%+21.8%0.981.16−31.8%1.32+1.6% (0.19)
Last year7 Nov 2025 to 2 Nov 2026+10.8%+14.2%0.390.84−13.2%1.39−5.2% (−0.34)
DateCompanyAction
21 Aug 2026VBought
21 Aug 2026UALBought
21 Aug 2026TWSTBought
21 Aug 2026TMOBought
21 Aug 2026SPHRBought
21 Aug 2026SLBBought
21 Aug 2026RKTBought
21 Aug 2026RIGBought
21 Aug 2026RDDTBought
21 Aug 2026NUVBBought
21 Aug 2026MTBought
21 Aug 2026MCHPBought
21 Aug 2026LPLABought
21 Aug 2026LLYBought
21 Aug 2026LFTOBought
21 Aug 2026INTCBought
21 Aug 2026HOODBought
21 Aug 2026HBMBought
21 Aug 2026HALBought
21 Aug 2026GMTLBought
21 Aug 2026GILBought
21 Aug 2026FCXBought
21 Aug 2026EQHBought
21 Aug 2026ENHABought
21 Aug 2026DALBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026RTXSold
21 Aug 2026NVDASold
21 Aug 2026MCKSold
21 Aug 2026LYVSold
21 Aug 2026LHXSold
21 Aug 2026HASSold
21 Aug 2026CCJSold
21 Aug 2026AZNSold
21 Aug 2026ALBSold
21 Aug 2026ABTSold
22 May 2026WMBSold
22 May 2026UPSTSold
22 May 2026USold
22 May 2026TSLASold
22 May 2026TEVASold
22 May 2026SNOWSold
22 May 2026SHOPSold
22 May 2026SHLSSold
22 May 2026RKTSold
22 May 2026PLDSold
22 May 2026MTSold
22 May 2026LLYSold
22 May 2026KKRSold
22 May 2026GEHCSold
22 May 2026FSLRSold

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