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Funds (13F)

Clearline Capital LP

Backtest from 21 Feb 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+9.0%
S&P 500 +13.7%
Last 12 months
+19.4%
S&P 500 +12.1%
Sharpe ratio
0.39
S&P 500 0.75
Biggest drop
−52.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $50.9k$29.8k
Clearline Capital LPS&P 500 $10,000 in Clearline Capital LP from 21 Feb 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Clearline Capital 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.

Clearline Capital LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+9.0%+13.7%
Total return+198%+409%
Last 12 months+19.4%+12.1%
Last 3 months−3.5%—
Last month−2.9%—
This year so far+18.8%—
Volatility a year24.6%16.2%
Sharpe ratio0.390.75
Biggest drop−52.9%−31.8%
Beta to the S&P 5001.271.00
Alpha a year (t-statistic)−5.7% (−1.49)—
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
AMZN7.2%——
CORZ6.7%——
AMD3.8%——
ROG3.7%——
PRMB3.6%——
FTAI3.4%——
GDS3.3%——
VST3.0%——
RKT2.7%——
TLN2.6%——
AVGO2.5%——
HPE2.5%——
PSN2.4%——
NOVT2.3%——
MAX2.2%——
GLNG2.2%——
TIC2.1%——
CELH1.9%——
NVDA1.8%——
AKAM1.6%——
VYX1.5%——
BLKB1.3%——
XPER1.3%——
ESTC1.3%——
JHX1.3%——
HUT1.3%——
SHAZ1.1%——
BILL1.1%——
POOL1.1%——
KBR1.1%——
REZI1.1%——
ECHO1.1%——
RSKD1.0%——
SMTC1.0%——
CCL0.9%——
BTDR0.9%——
NCNO0.9%——
FUN0.8%——
WRBY0.8%——
BLCO0.8%——
MU0.8%——
PFSI0.7%——
ADMA0.7%——
AVTR0.7%——
CHDN0.7%——
EQT0.7%——
BIDU0.6%——
RH0.6%——
MAGN0.6%——
HSIC0.6%——
ALKT0.5%——
MSGS0.5%——
DOUG0.5%——
APP0.4%——
COMP0.4%——
SKYD0.4%——
AXTA0.4%——
CBZ0.4%——
ZM0.4%——
GLXY0.4%——
VOR0.3%——
HRTX0.3%——
MTN0.3%——
MG0.3%——
SW0.3%——
ACHC0.3%——
BKR0.3%——
HTZ0.3%——
PENN0.3%——
GEO0.3%——
NTGR0.3%——
QCOM0.3%——
CLF0.3%——
PLAY0.2%——
IP0.2%——
PRIM0.2%——
SGI0.2%——
MGRC0.2%——
AADX0.2%——
WSC0.2%——
QURE0.2%——
API0.2%——
OPEN0.1%——
TXMD0.1%——
WOLF0.1%——
BRBR0.1%——
GMTL0.1%——
EOSE0.1%——
LZ0.1%——
IART0.1%——
MBLY0.1%——
BCC0.0%——
HD0.0%——
ETSY0.0%——
BRUN0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest21 Feb 2014 to 2 Nov 2026+9.0%+13.7%0.390.75−52.9%1.27−5.7% (−1.49)
2018 onwards5 Jan 2018 to 2 Nov 2026+9.0%+13.9%0.350.66−52.9%1.26−5.5% (−1.11)
Last three years3 Nov 2023 to 2 Nov 2026+20.0%+21.8%0.761.16−25.3%1.19−3.2% (−0.42)
Last year7 Nov 2025 to 2 Nov 2026+23.4%+14.2%0.850.84−13.2%1.49+4.7% (0.31)
DateCompanyAction
21 Aug 2026ZMBought
21 Aug 2026WOLFBought
21 Aug 2026SKYDBought
21 Aug 2026SHAZBought
21 Aug 2026SGIBought
21 Aug 2026QCOMBought
21 Aug 2026PRIMBought
21 Aug 2026LZBought
21 Aug 2026HUTBought
21 Aug 2026HTZBought
21 Aug 2026HPEBought
21 Aug 2026HDBought
21 Aug 2026GMTLBought
21 Aug 2026GDSBought
21 Aug 2026FTAIBought
21 Aug 2026EQTBought
21 Aug 2026CLFBought
21 Aug 2026CELHBought
21 Aug 2026CCLBought
21 Aug 2026BTDRBought
21 Aug 2026BRUNBought
21 Aug 2026APPBought
21 Aug 2026APIBought
21 Aug 2026AADXBought
22 May 2026WRBYBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WULFSold
21 Aug 2026WIXSold
21 Aug 2026WHRSold
21 Aug 2026WDAYSold
21 Aug 2026VVVSold
21 Aug 2026VISNSold
21 Aug 2026SPGISold
21 Aug 2026SNOWSold
21 Aug 2026SNDXSold
21 Aug 2026SGRYSold
21 Aug 2026RIOTSold
21 Aug 2026RALSold
21 Aug 2026QDELSold
21 Aug 2026PINSSold
21 Aug 2026ORCLSold
21 Aug 2026NBISSold
21 Aug 2026MXSold
21 Aug 2026INTCSold
21 Aug 2026HLITSold
21 Aug 2026GTLBSold
21 Aug 2026FICOSold
21 Aug 2026EVERSold
21 Aug 2026CVLTSold
21 Aug 2026COOSold
21 Aug 2026COHRSold

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