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Funds (13F)

Generation Investment Management LLP

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

Watch this strategy
Return a year
+14.4%
S&P 500 +14.1%
Last 12 months
+1.6%
S&P 500 +12.1%
Sharpe ratio
0.69
S&P 500 0.78
Biggest drop
−34.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $59.2k$57.0k
StrategyS&P 500 $10,000 in Generation Investment Management LLP 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 Generation Investment Management LLP'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.

Generation Investment Management LLP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.4%+14.1%
Total return+492%+470%
Last 12 months+1.6%+12.1%
Last 3 months+6.4%—
Last month+5.7%—
This year so far+0.9%—
Volatility a year19.2%16.0%
Sharpe ratio0.690.78
Biggest drop−34.6%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)−0.1% (−0.05)—
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
DHR12.5%——
AMZN12.0%——
MSFT11.3%——
MELI7.8%——
WST7.1%——
GOOGL6.9%——
V5.1%——
STE4.7%——
TRMB3.6%——
COO3.5%——
NTNX3.3%——
MSCI2.9%——
EFX2.8%——
INTU2.8%——
WDAY2.8%——
MCO2.4%——
SPOT1.7%——
SYK1.6%——
SCHW1.4%——
RELY1.1%——
TTAN0.8%——
TSM0.7%——
HTHT0.5%——
SOPH0.4%——
SE0.2%——
CTSH0.1%——
CPNG0.1%——
FRSH0.1%——

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+14.4%+14.1%0.690.78−34.6%1.08−0.1% (−0.05)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.0%+13.9%0.460.66−34.6%1.09−2.9% (−0.88)
Last three years3 Nov 2023 to 2 Nov 2026+13.9%+21.8%0.551.16−21.2%1.01−6.1% (−0.88)
Last year7 Nov 2025 to 2 Nov 2026+3.5%+14.2%0.080.84−21.2%0.91−7.4% (−0.41)
DateCompanyAction
14 Aug 2026SYKBought
15 May 2026SEBought
15 May 2026INTUBought
13 Feb 2026SPOTBought
13 Feb 2026MSCIBought
13 Feb 2026CSLBought
13 Feb 2026COOBought
14 Nov 2025CRMBought
8 Aug 2025WSTBought
8 Aug 2025MCOBought
8 Aug 2025IDXXBought
16 May 2025SNPSBought
16 May 2025NKEBought
16 May 2025FBINBought
21 Feb 2025TTANBought
21 Feb 2025GOOGLBought
15 Nov 2024WDAYBought
15 Nov 2024WATBought
15 Nov 2024VEEVBought
15 Nov 2024VBought
15 Nov 2024TYGOBought
15 Nov 2024TXNBought
15 Nov 2024TWLOBought
15 Nov 2024TTBought
15 Nov 2024TSMBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026TMOSold
14 Aug 2026ACNSold
15 May 2026TYGOSold
15 May 2026TXNSold
15 May 2026SNPSSold
15 May 2026CSLSold
15 May 2026CRMSold
15 May 2026ASold
13 Feb 2026MCHPSold
13 Feb 2026IDXXSold
13 Feb 2026BDXSold
13 Feb 2026ADISold
14 Nov 2025VEEVSold
14 Nov 2025TOSTSold
14 Nov 2025NKESold
14 Nov 2025JLLSold
14 Nov 2025ITSold
8 Aug 2025WATSold
8 Aug 2025MASold
8 Aug 2025FBINSold
8 Aug 2025COOSold
16 May 2025TWLOSold
16 May 2025HSICSold
16 May 2025CBRESold
21 Feb 2025TTSold

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