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Funds (13F)

Fiduciary Management Inc

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

Watch this strategy
Return a year
+13.1%
S&P 500 +14.1%
Last 12 months
+22.9%
S&P 500 +12.1%
Sharpe ratio
0.68
S&P 500 0.78
Biggest drop
−36.3%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$51.0k
Fiduciary Management IncS&P 500 $10,000 in Fiduciary Management Inc 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 Fiduciary Management Inc'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.

Fiduciary Management Inc's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.1%+14.1%
Total return+410%+470%
Last 12 months+22.9%+12.1%
Last 3 months+3.1%—
Last month+9.5%—
This year so far+19.0%—
Volatility a year17.4%16.0%
Sharpe ratio0.680.78
Biggest drop−36.3%−31.8%
Beta to the S&P 5000.971.00
Alpha a year (t-statistic)−0.2% (−0.11)—
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
ARMK5.5%——
BKNG4.9%——
NSIT4.0%——
SCHW3.1%——
VVV3.0%——
HAYW3.0%——
FERG3.0%——
CDW2.9%——
OMF2.8%——
ZION2.6%——
ATR2.6%——
GTES2.5%——
CSL2.4%——
CVCO2.3%——
MWA2.3%——
AVY2.2%——
PRI2.2%——
HSIC2.2%——
COF2.2%——
FCN2.1%——
CARR2.1%——
WTM2.0%——
LPX2.0%——
UNH2.0%——
MAS1.9%——
BDX1.9%——
HLI1.9%——
MSA1.8%——
ACGL1.8%——
HURN1.7%——
SUNB1.7%——
DCI1.7%——
ALLE1.7%——
PGR1.6%——
CNM1.6%——
UL1.6%——
FBIN1.6%——
PNC1.6%——
DGX1.5%——
PHG1.4%——
BJ1.3%——
DLTR1.3%——
SSD1.3%——
RYAAY1.2%——
ALH0.9%——
RHI0.7%——
FCFS0.6%——

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+13.1%+14.1%0.680.78−36.3%0.97−0.2% (−0.11)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.1%+13.9%0.490.66−36.3%0.96−1.7% (−0.57)
Last three years3 Nov 2023 to 2 Nov 2026+16.8%+21.8%0.811.16−17.5%0.80−0.7% (−0.12)
Last year7 Nov 2025 to 2 Nov 2026+23.7%+14.2%1.280.84−11.1%0.51+13.1% (1.00)
DateCompanyAction
14 Aug 2026GTESBought
14 Aug 2026ALHBought
15 May 2026SUNBBought
15 May 2026PNCBought
15 May 2026FCNBought
13 Feb 2026ULBought
13 Feb 2026MWABought
13 Feb 2026HURNBought
13 Feb 2026ACGLBought
21 Nov 2025CVCOBought
15 Aug 2025MSABought
15 Aug 2025LPXBought
15 Aug 2025COFBought
15 Aug 2025BDXBought
14 Feb 2025MCHPBought
14 Feb 2025HAYWBought
14 Feb 2025CSXBought
14 Feb 2025ALLEBought
15 Nov 2024ZIONBought
15 Nov 2024WTMBought
15 Nov 2024VVVBought
15 Nov 2024UNHBought
15 Nov 2024TRSBought
15 Nov 2024TKRBought
15 Nov 2024TJXBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026SYYSold
14 Aug 2026GOOGLSold
14 Aug 2026CTSSold
14 Aug 2026CCEPSold
14 Aug 2026ARWSold
14 Aug 2026AITSold
15 May 2026SLBSold
15 May 2026PLXSSold
15 May 2026CSXSold
13 Feb 2026NVTSold
13 Feb 2026KMXSold
13 Feb 2026GSold
13 Feb 2026BLKSold
21 Nov 2025TKRSold
15 Aug 2025MCHPSold
16 May 2025TRSSold
16 May 2025TJXSold
16 May 2025MUSold
14 Feb 2025OMCSold
14 Feb 2025NTRSSold
14 Feb 2025ACGLSold

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