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Funds (13F)

Holocene Advisors, LP

Backtest from 16 Feb 2018 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.2%
S&P 500 +14.1%
Last 12 months
+13.6%
S&P 500 +12.1%
Sharpe ratio
0.58
S&P 500 0.67
Biggest drop
−37.4%
S&P 500 −31.8%
$10.0k$20.0k 201820192020202120222023202420252026 $31.6k$29.3k
Holocene Advisors, LPS&P 500 $10,000 in Holocene Advisors, LP from 16 Feb 2018 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Holocene Advisors, 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.

Holocene Advisors, LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.2%+14.1%
Total return+193%+216%
Last 12 months+13.6%+12.1%
Last 3 months+1.8%—
Last month+0.5%—
This year so far+8.6%—
Volatility a year20.0%17.9%
Sharpe ratio0.580.67
Biggest drop−37.4%−31.8%
Beta to the S&P 5001.071.00
Alpha a year (t-statistic)−1.3% (−0.70)—
Share of weeks up58%—

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
AMZN8.0%——
MSFT3.8%——
TSLA3.6%——
NVDA2.9%——
GE1.8%——
AMD1.7%——
DHR1.6%——
V1.6%——
SHW1.5%——
PH1.2%——
AZN1.1%——
CSX1.1%——
STX1.1%——
MMM1.1%——
GILD1.0%——
HLT1.0%——
STLD0.9%——
CVX0.8%——
NBIS0.8%——
URI0.8%——
PLTR0.8%——
WAT0.8%——
ISRG0.8%——
KLAC0.8%——
CVS0.8%——
FERG0.7%——
GOOGL0.7%——
TGT0.7%——
LMT0.7%——
ROK0.7%——
EW0.7%——
COF0.7%——
ABNB0.7%——
AMAT0.6%——
DHI0.6%——
RVMD0.6%——
GEV0.6%——
CPNG0.6%——
DG0.6%——
FLEX0.6%——
GS0.6%——
RSG0.6%——
ABT0.5%——
WFC0.5%——
MS0.5%——
TOL0.5%——
PFGC0.5%——
AZO0.5%——
WELL0.5%——
GKOS0.5%——
LLY0.5%——
SHEL0.5%——
CHD0.5%——
CRS0.5%——
ALKS0.5%——
SNDK0.5%——
STM0.5%——
EAT0.5%——
XPO0.5%——
UAL0.4%——
RGEN0.4%——
MAS0.4%——
EOG0.4%——
HUM0.4%——
RBA0.4%——
WMT0.4%——
ROST0.4%——
Q0.4%——
ETSY0.4%——
CB0.4%——
TXRH0.3%——
WMB0.3%——
USFD0.3%——
C0.3%——
SNX0.3%——
LRCX0.3%——
BUD0.3%——
KNX0.3%——
BIDU0.3%——
COST0.3%——
EQIX0.3%——
LPLA0.3%——
VIK0.3%——
PM0.3%——
VRSN0.3%——
FOXA0.3%——
CART0.3%——
KR0.3%——
APD0.3%——
COIN0.3%——
CPT0.3%——
SNOW0.3%——
TFX0.3%——
VLO0.3%——
CRDO0.3%——
POST0.3%——
AR0.3%——
TPR0.3%——
VRT0.3%——
U0.3%——
EQT0.3%——
CRWD0.3%——
DELL0.3%——
INVH0.3%——
HD0.3%——
DDOG0.3%——
ESI0.3%——
ZBH0.2%——
PANW0.2%——
DNLI0.2%——
ELF0.2%——
PR0.2%——
WST0.2%——
EHC0.2%——
SAP0.2%——
ATI0.2%——
CYTK0.2%——
SRRK0.2%——
PDD0.2%——
ON0.2%——
BLDR0.2%——
MCO0.2%——
NU0.2%——
IRTC0.2%——
IDXX0.2%——
ARWR0.2%——
SYRE0.2%——
MU0.2%——
COHR0.2%——
OKTA0.2%——
FTNT0.2%——
OVV0.2%——
KO0.2%——
MCHP0.2%——
HAL0.2%——
FTI0.2%——
MDGL0.2%——
PNC0.2%——
VMRK0.2%——
MRK0.2%——
WCC0.2%——
TYL0.2%——
COO0.2%——
SAIA0.2%——
FCX0.2%——
MNST0.2%——
TNGX0.2%——
LNG0.2%——
KYMR0.2%——
MRVL0.2%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Feb 2018 to 2 Nov 2026+13.2%+14.1%0.580.67−37.4%1.07−1.3% (−0.70)
Last three years3 Nov 2023 to 2 Nov 2026+20.0%+21.8%1.011.16−18.2%0.97−1.0% (−0.31)
Last year7 Nov 2025 to 2 Nov 2026+15.4%+14.2%0.890.84−8.6%0.93+1.8% (0.32)
DateCompanyAction
21 Aug 2026ZBRABought
21 Aug 2026WYNNBought
21 Aug 2026WMTBought
21 Aug 2026WKBought
21 Aug 2026WFCBought
21 Aug 2026WDFCBought
21 Aug 2026WBIBought
21 Aug 2026WABBought
21 Aug 2026VSHBought
21 Aug 2026VLOBought
21 Aug 2026VIRTBought
21 Aug 2026VIAVBought
21 Aug 2026VGNTBought
21 Aug 2026USFDBought
21 Aug 2026UCTTBought
21 Aug 2026UALBought
21 Aug 2026TTMIBought
21 Aug 2026TTEKBought
21 Aug 2026TSHABought
21 Aug 2026TSEMBought
21 Aug 2026TRVBought
21 Aug 2026TRNBought
21 Aug 2026TRGPBought
21 Aug 2026TPLBought
21 Aug 2026TMDXBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZIONSold
21 Aug 2026YUMSold
21 Aug 2026XZOSold
21 Aug 2026XYZSold
21 Aug 2026XENESold
21 Aug 2026WLKSold
21 Aug 2026WHSold
21 Aug 2026WFRDSold
21 Aug 2026WENSold
21 Aug 2026WDAYSold
21 Aug 2026VVVSold
21 Aug 2026VSTSold
21 Aug 2026VRNSSold
21 Aug 2026VOYASold
21 Aug 2026VMISold
21 Aug 2026VCSold
21 Aug 2026VACSold
21 Aug 2026URBNSold
21 Aug 2026ULSold
21 Aug 2026TXNMSold
21 Aug 2026TWSTSold
21 Aug 2026TTCSold
21 Aug 2026TRMKSold
21 Aug 2026TRMDSold
21 Aug 2026TNLSold

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