undamentalytics Newsletter
Sign in

Funds (13F)

Earnest Partners LLC

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

Watch this strategy
Return a year
+11.4%
S&P 500 +14.1%
Last 12 months
+22.7%
S&P 500 +12.1%
Sharpe ratio
0.55
S&P 500 0.78
Biggest drop
−39.2%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$41.7k
Earnest Partners LLCS&P 500 $10,000 in Earnest Partners 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 Earnest Partners 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.

Earnest Partners LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.4%+14.1%
Total return+317%+470%
Last 12 months+22.7%+12.1%
Last 3 months−2.2%—
Last month−0.3%—
This year so far+16.9%—
Volatility a year19.4%16.0%
Sharpe ratio0.550.78
Biggest drop−39.2%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)−2.7% (−1.09)—
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
FORM2.3%——
WWD1.9%——
RGA1.8%——
HXL1.8%——
FCFS1.8%——
GATX1.8%——
R1.5%——
AROC1.5%——
CBRE1.5%——
SNA1.4%——
AEIS1.4%——
RJF1.3%——
ENTG1.3%——
CBT1.2%——
ARW1.1%——
HLI1.1%——
DRI1.1%——
DHI1.0%——
FLEX1.0%——
TDY1.0%——
CRL1.0%——
SF1.0%——
FLS1.0%——
SMG1.0%——
AMKR1.0%——
BWA1.0%——
SNPS0.9%——
AKAM0.9%——
EME0.9%——
CNC0.9%——
HII0.9%——
DAR0.9%——
RSG0.9%——
WTFC0.9%——
VMI0.9%——
MIDD0.8%——
ON0.8%——
ICLR0.8%——
EWBC0.8%——
ENS0.8%——
MDU0.8%——
MPWR0.8%——
WEC0.8%——
ALB0.8%——
AMAT0.8%——
BOX0.7%——
PLXS0.7%——
CRUS0.7%——
UBSI0.7%——
AIN0.7%——
AIR0.7%——
QGEN0.7%——
UMBF0.7%——
SANM0.7%——
CF0.7%——
CMI0.7%——
MAS0.7%——
BIO0.7%——
BXP0.7%——
RNR0.6%——
TKR0.6%——
BHE0.6%——
EMN0.6%——
CDP0.6%——
CAKE0.6%——
LFUS0.6%——
SON0.6%——
CCL0.6%——
KEYS0.6%——
SARO0.6%——
SPXC0.6%——
FELE0.6%——
OII0.6%——
CWST0.5%——
SBAC0.5%——
CACI0.5%——
LH0.5%——
DGII0.5%——
NSP0.5%——
STAG0.5%——
ECG0.5%——
AVT0.5%——
AOS0.5%——
NXT0.5%——
WEX0.5%——
PSN0.5%——
SSB0.5%——
PENN0.5%——
TWLO0.5%——
UCB0.4%——
TRMK0.4%——
MTH0.4%——
BPOP0.4%——
CTS0.4%——
AVTR0.4%——
PZZA0.4%——
IQV0.4%——
DIOD0.4%——
CHKP0.4%——
BIDU0.4%——
CSX0.4%——
ROST0.4%——
AUB0.4%——
VRT0.4%——
VNO0.4%——
EG0.4%——
FRME0.4%——
ITGR0.4%——
MUR0.4%——
EFSC0.4%——
HP0.3%——
RRX0.3%——
PEB0.3%——
WWW0.3%——
OGS0.3%——
DOV0.3%——
PBR0.3%——
PFGC0.3%——
CNMD0.3%——
J0.3%——
BBD0.3%——
AYI0.3%——
CHRW0.3%——
TJX0.3%——
TNET0.3%——
SNDR0.3%——
ATO0.3%——
ICE0.3%——
EXP0.3%——
SYY0.3%——
NOV0.3%——
PNFP0.3%——
ST0.3%——
HDB0.3%——
WSBC0.3%——
EGP0.3%——
ASX0.3%——
PGR0.3%——
FCPT0.3%——
COR0.3%——
ULTA0.3%——
GD0.2%——
PKG0.2%——
DAKT0.2%——
A0.2%——
FANG0.2%——
ATKR0.2%——
SWKS0.2%——
HMN0.2%——
GPN0.2%——

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+11.4%+14.1%0.550.78−39.2%1.08−2.7% (−1.09)
2018 onwards5 Jan 2018 to 2 Nov 2026+10.5%+13.9%0.440.66−39.2%1.07−3.1% (−0.98)
Last three years3 Nov 2023 to 2 Nov 2026+15.6%+21.8%0.711.16−20.3%0.87−2.8% (−0.46)
Last year7 Nov 2025 to 2 Nov 2026+23.3%+14.2%1.280.84−8.6%0.69+10.9% (0.96)
DateCompanyAction
14 Aug 2026WLFCBought
14 Aug 2026TERBought
14 Aug 2026SAROBought
14 Aug 2026MUBought
14 Aug 2026MTZBought
14 Aug 2026GEBought
14 Aug 2026ETNBought
14 Aug 2026DVNBought
14 Aug 2026CSCOBought
14 Aug 2026CCLBought
14 Aug 2026CATBought
14 Aug 2026ATROBought
14 Aug 2026APHBought
14 Aug 2026ABBVBought
22 May 2026WATBought
22 May 2026TGTBought
22 May 2026QGENBought
22 May 2026PNFPBought
22 May 2026JNJBought
22 May 2026JBought
22 May 2026GRCBought
22 May 2026GEVBought
22 May 2026EOGBought
22 May 2026DAKTBought
22 May 2026COSTBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026NFLXSold
14 Aug 2026CMCSASold
22 May 2026STMSold
22 May 2026SAPSold
22 May 2026NXPISold
22 May 2026INSMSold
22 May 2026ATROSold
13 Feb 2026XRAYSold
13 Feb 2026MAXSold
13 Feb 2026COSTSold
13 Feb 2026ABBVSold
21 Nov 2025TGTSold
21 Nov 2025PGSold
21 Nov 2025OXYSold
21 Nov 2025NPKISold
21 Nov 2025KRSold
21 Nov 2025EXCSold
21 Nov 2025CBRLSold
22 Aug 2025MYGNSold
16 May 2025WLFCSold
16 May 2025VREXSold
16 May 2025SYFSold
16 May 2025KEYSold
21 Feb 2025MGPISold
21 Feb 2025HDSold

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