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Funds (13F)

GQG Partners LLC

Backtest from 29 Sept 2017 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+18.7%
S&P 500 +14.6%
Last 12 months
+21.3%
S&P 500 +12.1%
Sharpe ratio
0.80
S&P 500 0.67
Biggest drop
−30.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 20172019202120232025 $47.6k$34.6k
GQG Partners LLCS&P 500 $10,000 in GQG Partners LLC from 29 Sept 2017 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies GQG 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.

GQG Partners LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+18.7%+14.6%
Total return+376%+246%
Last 12 months+21.3%+12.1%
Last 3 months+5.0%—
Last month+7.0%—
This year so far+16.8%—
Volatility a year19.7%17.8%
Sharpe ratio0.800.67
Biggest drop−30.7%−31.8%
Beta to the S&P 5000.901.00
Alpha a year (t-statistic)+4.9% (1.32)—
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
PM16.8%——
CB8.7%——
PBR6.4%——
ENB5.4%——
MO3.7%——
CI3.3%——
PGR3.1%——
VZ3.1%——
BTI3.1%——
KO3.1%——
AEP2.9%——
ALL2.5%——
T2.5%——
AWK2.4%——
TRP2.3%——
EXC1.9%——
XEL1.8%——
DUK1.7%——
CVS1.7%——
TRV1.6%——
CVX1.5%——
NEE1.3%——
TEAM1.2%——
NVDA1.2%——
ABEV1.2%——
UL1.1%——
HSY1.0%——
ABBV1.0%——
DELL1.0%——
TSM0.8%——
CVE0.8%——
DVN0.8%——
AAPL0.8%——
CMS0.7%——
META0.7%——
MSFT0.7%——
ISRG0.6%——
CINF0.4%——
EMBJ0.4%——
ATO0.4%——
STT0.4%——
RNR0.4%——
BAC0.4%——
CNP0.4%——
ACGL0.3%——
MCD0.3%——
NTES0.3%——
AVGO0.3%——
AMZN0.3%——
SU0.3%——
FANG0.2%——
BUD0.1%——
ORI0.1%——
JD0.1%——
PEP0.1%——
CNQ0.0%——
IBM0.0%——
AZN0.0%——
SAP0.0%——
VLO0.0%——
MRK0.0%——
JNJ0.0%——
BMY0.0%——
AIG0.0%——
PPL0.0%——
SO0.0%——
FDS0.0%——
PG0.0%——
HSBC0.0%——
OMC0.0%——
PFE0.0%——
KR0.0%——
WDAY0.0%——
ASML0.0%——
APP0.0%——
RY0.0%——
WMT0.0%——
SHEL0.0%——
GS0.0%——
ADSK0.0%——
V0.0%——
GRAB0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest29 Sept 2017 to 2 Nov 2026+18.7%+14.6%0.800.67−30.7%0.90+4.9% (1.32)
2018 onwards5 Jan 2018 to 2 Nov 2026+17.8%+13.9%0.760.63−30.7%0.90+4.7% (1.25)
Last three years3 Nov 2023 to 2 Nov 2026+30.1%+21.8%1.311.16−14.9%0.73+11.5% (1.35)
Last year7 Nov 2025 to 2 Nov 2026+19.2%+14.2%1.100.84−7.2%−0.18+16.2% (1.24)
DateCompanyAction
14 Aug 2026WDAYBought
14 Aug 2026TRVBought
14 Aug 2026TEAMBought
14 Aug 2026STTBought
14 Aug 2026SAPBought
14 Aug 2026OMCBought
14 Aug 2026NTESBought
14 Aug 2026MSFTBought
14 Aug 2026METABought
14 Aug 2026MCDBought
14 Aug 2026JDBought
14 Aug 2026ISRGBought
14 Aug 2026IBMBought
14 Aug 2026HSYBought
14 Aug 2026HSBCBought
14 Aug 2026GRABBought
14 Aug 2026FDSBought
14 Aug 2026FANGBought
14 Aug 2026DELLBought
14 Aug 2026BACBought
14 Aug 2026AVGOBought
14 Aug 2026ASMLBought
14 Aug 2026ADSKBought
14 Aug 2026ABBVBought
14 Aug 2026AAPLBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026VALESold
14 Aug 2026OXYSold
14 Aug 2026HDBSold
14 Aug 2026FNVSold
14 Aug 2026CMESold
15 May 2026SAPSold
15 May 2026NOWSold
15 May 2026NFLXSold
15 May 2026MSFTSold
15 May 2026METASold
15 May 2026LLYSold
15 May 2026HIISold
15 May 2026CTSHSold
15 May 2026CLSold
15 May 2026AVGOSold
15 May 2026ACNSold
20 Feb 2026USBSold
20 Feb 2026SLDESold
20 Feb 2026MELISold
20 Feb 2026ICESold
20 Feb 2026HSBCSold
20 Feb 2026FLUTSold
20 Feb 2026ETORSold
20 Feb 2026DTESold
20 Feb 2026BACSold

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