undamentalytics Newsletter
Sign in

Funds (13F)

Hawk Ridge Capital Management LP

Backtest from 15 Aug 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+23.7%
S&P 500 +13.6%
Last 12 months
+38.9%
S&P 500 +12.1%
Sharpe ratio
0.90
S&P 500 0.73
Biggest drop
−41.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2014201620182020202220242026 $135k$47.4k
StrategyS&P 500 $10,000 in Hawk Ridge Capital Management LP from 15 Aug 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Hawk Ridge Capital Management LP'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.

Hawk Ridge Capital Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+23.7%+13.6%
Total return+1246%+374%
Last 12 months+38.9%+12.1%
Last 3 months−5.1%—
Last month−2.9%—
This year so far+31.3%—
Volatility a year24.4%16.4%
Sharpe ratio0.900.73
Biggest drop−41.5%−31.8%
Beta to the S&P 5001.171.00
Alpha a year (t-statistic)+8.2% (1.87)—
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
SIMO11.6%——
RBA7.8%——
OPLN7.0%——
VRSN6.9%——
CPAY6.3%——
STX5.3%——
KMX5.2%——
ALLE4.9%——
WWD4.7%——
MLM4.7%——
VVV4.0%——
ESE3.6%——
FN3.4%——
TKO3.3%——
MYRG2.7%——
CRS2.3%——
AD2.3%——
PRKS1.9%——
ATI1.4%——
ECG1.4%——
WEX1.2%——
BL1.1%——
XPO1.0%——
KGS0.9%——
SPOT0.9%——
MRP0.5%——
MTRN0.5%——
ACHC0.4%——
AEVA0.4%——
PFGC0.3%——
AON0.3%——
LBRT0.3%——
ARXS0.3%——
ST0.3%——
PLNT0.3%——
DPC0.2%——
AROC0.1%——
FDXF0.1%——
BATRA0.1%——
LZ0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest15 Aug 2014 to 2 Nov 2026+23.7%+13.6%0.900.73−41.5%1.17+8.2% (1.87)
2018 onwards5 Jan 2018 to 2 Nov 2026+18.7%+13.9%0.670.66−41.5%1.18+3.8% (0.71)
Last three years3 Nov 2023 to 2 Nov 2026+20.1%+21.8%0.831.16−22.1%1.01−0.7% (−0.10)
Last year7 Nov 2025 to 2 Nov 2026+39.9%+14.2%1.780.84−13.1%0.94+21.4% (1.59)
DateCompanyAction
21 Aug 2026STBought
21 Aug 2026SPOTBought
21 Aug 2026PLNTBought
21 Aug 2026PFGCBought
21 Aug 2026MTRNBought
21 Aug 2026KMXBought
21 Aug 2026FNBought
21 Aug 2026FDXFBought
21 Aug 2026DPCBought
21 Aug 2026ARXSBought
21 Aug 2026AONBought
21 Aug 2026AEVABought
21 Aug 2026ADBought
22 May 2026WKBought
22 May 2026VRRMBought
22 May 2026VISNBought
22 May 2026TOSTBought
22 May 2026SMCIBought
22 May 2026SHAZBought
22 May 2026RBABought
22 May 2026PRKSBought
22 May 2026NSPBought
22 May 2026KGSBought
22 May 2026GMEDBought
22 May 2026ESEBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WKSold
21 Aug 2026WDCSold
21 Aug 2026VRRMSold
21 Aug 2026VISNSold
21 Aug 2026TOSTSold
21 Aug 2026SMCISold
21 Aug 2026SHAZSold
21 Aug 2026RHISold
21 Aug 2026NSPSold
21 Aug 2026NCNOSold
21 Aug 2026MGRCSold
21 Aug 2026HPESold
21 Aug 2026GMEDSold
21 Aug 2026FWONKSold
21 Aug 2026FUNSold
21 Aug 2026FISSold
21 Aug 2026CRSold
21 Aug 2026AMBASold
22 May 2026ENTGSold
22 May 2026APPNSold
22 May 2026AIRSold
22 May 2026AAOISold
20 Feb 2026RPDSold
20 Feb 2026PRKSSold
20 Feb 2026NSPSold

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