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Funds (13F)

Edgestream Partners, L.P.

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

Watch this strategy
Return a year
+14.8%
S&P 500 +13.7%
Last 12 months
+17.3%
S&P 500 +12.1%
Sharpe ratio
0.77
S&P 500 0.75
Biggest drop
−33.3%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $57.8k$50.9k
Edgestream Partners, L.P.S&P 500 $10,000 in Edgestream Partners, L.P. 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 Edgestream Partners, L.P.'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.

Edgestream Partners, L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.8%+13.7%
Total return+478%+409%
Last 12 months+17.3%+12.1%
Last 3 months+0.3%—
Last month+4.2%—
This year so far+12.8%—
Volatility a year17.1%16.2%
Sharpe ratio0.770.75
Biggest drop−33.3%−31.8%
Beta to the S&P 5000.981.00
Alpha a year (t-statistic)+1.4% (0.78)—
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%——
NI0.5%——
DTM0.5%——
TOL0.5%——
ATO0.5%——
NTRS0.5%——
BPOP0.5%——
ATR0.5%——
WTM0.5%——
AEE0.5%——
CATY0.5%——
EVRG0.5%——
CRC0.4%——
SPG0.4%——
BRX0.4%——
DUK0.4%——
ED0.4%——
NLY0.4%——
MGY0.4%——
BFH0.4%——
AVY0.4%——
R0.4%——
PHM0.4%——
FHB0.4%——
MKSI0.4%——
STT0.4%——
FBP0.4%——
ABCB0.4%——
NWN0.4%——
ACT0.4%——
WMB0.4%——
ALGT0.4%——
CI0.4%——
MPC0.4%——
LTC0.4%——
HLT0.4%——
BNY0.4%——
ECL0.4%——
SYY0.4%——
MIDD0.4%——
OC0.4%——
NMIH0.4%——
RPM0.4%——
LOW0.4%——
GS0.3%——
AMGN0.3%——
MA0.3%——
BOKF0.3%——
O0.3%——
NNN0.3%——
ROG0.3%——
MU0.3%——
RNR0.3%——
XEL0.3%——
EME0.3%——
FTI0.3%——
ESNT0.3%——
HCA0.3%——
NVR0.3%——
PSX0.3%——
GHC0.3%——
WAB0.3%——
BLDR0.3%——
PNW0.3%——
MTG0.3%——
WMT0.3%——
AVT0.3%——
COO0.3%——
NWBI0.3%——
HAL0.3%——
LYV0.3%——
CNP0.3%——
TSLA0.3%——
WTS0.3%——
HR0.3%——
BKR0.3%——
KMI0.3%——
AME0.3%——
ALK0.3%——
AXP0.3%——
OHI0.3%——
DCI0.3%——
VISN0.3%——
CUBE0.3%——
MS0.3%——
DBD0.3%——
INTC0.3%——
IBKR0.3%——
ABG0.3%——
EOG0.3%——
SHW0.3%——
CTAS0.3%——
XYL0.3%——
CBSH0.3%——
CALM0.3%——
EPRT0.3%——
FRME0.3%——
RSG0.3%——
JPM0.3%——
KRG0.3%——
WM0.3%——
TRNO0.3%——
AROC0.3%——
PFGC0.3%——
CALY0.3%——
COR0.3%——
TPC0.3%——
RS0.3%——
SR0.3%——
PCVX0.3%——
CAH0.3%——
TNET0.3%——
SMPL0.3%——
DBX0.3%——
ZION0.3%——
UHS0.3%——
FRSH0.3%——
WSC0.3%——
CVX0.3%——
KFY0.3%——
CPRT0.3%——
SKYW0.2%——
CF0.2%——
INDB0.2%——
EXEL0.2%——
FSLR0.2%——
SNDR0.2%——
MSGS0.2%——
ACAD0.2%——
SF0.2%——
PFS0.2%——
FR0.2%——
OTIS0.2%——
DECK0.2%——
YETI0.2%——
RGA0.2%——
MARA0.2%——
PG0.2%——
GT0.2%——
ROL0.2%——
EXTR0.2%——
HRMY0.2%——
HAPN0.2%——
NGVT0.2%——
ST0.2%——
RH0.2%——
FFBC0.2%——
PCTY0.2%——
BSX0.2%——
WSFS0.2%——

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+14.8%+13.7%0.770.75−33.3%0.98+1.4% (0.78)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.1%+13.9%0.590.66−33.3%0.98−0.4% (−0.16)
Last three years3 Nov 2023 to 2 Nov 2026+18.0%+21.8%0.901.16−18.3%0.83−0.4% (−0.07)
Last year7 Nov 2025 to 2 Nov 2026+18.2%+14.2%1.180.84−7.3%0.56+7.7% (0.83)
DateCompanyAction
14 Aug 2026XRAYBought
14 Aug 2026XPOBought
14 Aug 2026WTFCBought
14 Aug 2026WSFSBought
14 Aug 2026WRBBought
14 Aug 2026WORBought
14 Aug 2026WMBought
14 Aug 2026WHRBought
14 Aug 2026WHDBought
14 Aug 2026WCCBought
14 Aug 2026WAFDBought
14 Aug 2026VRNSBought
14 Aug 2026VNOMBought
14 Aug 2026VMCBought
14 Aug 2026VIRBought
14 Aug 2026VFCBought
14 Aug 2026VACBought
14 Aug 2026UTHRBought
14 Aug 2026USBBought
14 Aug 2026UPSTBought
14 Aug 2026UNMBought
14 Aug 2026UALBought
14 Aug 2026TWSTBought
14 Aug 2026TSCOBought
14 Aug 2026TRVBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026ZWSSold
14 Aug 2026ZBRASold
14 Aug 2026WWWSold
14 Aug 2026WWDSold
14 Aug 2026WPCSold
14 Aug 2026WLKSold
14 Aug 2026WKCSold
14 Aug 2026WINGSold
14 Aug 2026WERNSold
14 Aug 2026WELLSold
14 Aug 2026WATSold
14 Aug 2026WABCSold
14 Aug 2026VYXSold
14 Aug 2026VTRSSold
14 Aug 2026VTRSold
14 Aug 2026VSXYSold
14 Aug 2026VRTSold
14 Aug 2026VOYASold
14 Aug 2026VEEVSold
14 Aug 2026VCSold
14 Aug 2026UVVSold
14 Aug 2026UMBFSold
14 Aug 2026ULTASold
14 Aug 2026UFPISold
14 Aug 2026TYLSold

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