Funds (13F)
Hill Path Capital LP
Backtest from 17 Feb 2017 to 2 Nov 2026 · weekly · hypothetical
- Return a year
- +5.3% S&P 500 +14.6%
- Last 12 months
- −23.0% S&P 500 +12.1%
- Sharpe ratio
- 0.30 S&P 500 0.72
- Biggest drop
- −75.7% S&P 500 −31.8%
About
Copies Hill Path Capital 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.
Key statistics
| Measure | Strategy | S&P 500 |
|---|---|---|
| Return a year (compound) | +5.3% | +14.6% |
| Total return | +65% | +275% |
| Last 12 months | −23.0% | +12.1% |
| Last 3 months | −21.3% | — |
| Last month | +7.3% | — |
| This year so far | −8.8% | — |
| Volatility a year | 48.6% | 17.2% |
| Sharpe ratio | 0.30 | 0.72 |
| Biggest drop | −75.7% | −31.8% |
| Beta to the S&P 500 | 1.51 | 1.00 |
| Alpha a year (t-statistic) | −4.2% (−0.31) | — |
| Share of weeks up | 51% | — |
Insights
| Period | Return a year | S&P 500 | Sharpe | S&P 500 | Biggest drop | Beta | Alpha (t) |
|---|---|---|---|---|---|---|---|
| Whole backtest17 Feb 2017 to 2 Nov 2026 | +5.3% | +14.6% | 0.30 | 0.72 | −75.7% | 1.51 | −4.2% (−0.31) |
| 2018 onwards5 Jan 2018 to 2 Nov 2026 | +9.2% | +13.9% | 0.38 | 0.66 | −75.7% | 1.51 | +0.8% (0.06) |
| Last three years3 Nov 2023 to 2 Nov 2026 | −10.1% | +21.8% | −0.28 | 1.16 | −49.8% | 1.09 | −26.8% (−1.54) |
| Last year7 Nov 2025 to 2 Nov 2026 | −6.5% | +14.2% | −0.11 | 0.84 | −35.0% | 1.45 | −18.4% (−0.56) |
| Date | Company | Action |
|---|---|---|
| 20 Feb 2026 | CALY | Sold |