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Funds (13F)

Laurion Capital Management LP

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

Watch this strategy
Return a year
+13.5%
S&P 500 +14.1%
Last 12 months
+2.5%
S&P 500 +12.1%
Sharpe ratio
0.63
S&P 500 0.78
Biggest drop
−40.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$53.5k
StrategyS&P 500 $10,000 in Laurion Capital Management LP 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 Laurion 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.

Laurion Capital Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.5%+14.1%
Total return+435%+470%
Last 12 months+2.5%+12.1%
Last 3 months−8.8%—
Last month−4.8%—
This year so far−4.5%—
Volatility a year20.5%16.0%
Sharpe ratio0.630.78
Biggest drop−40.1%−31.8%
Beta to the S&P 5001.121.00
Alpha a year (t-statistic)−1.2% (−0.44)—
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
NSC13.6%——
BBIO11.3%——
DLR7.8%——
MLYS7.6%——
NUVB5.0%——
QCOM2.6%——
KTOS2.0%——
FPS1.8%——
INIO1.8%——
BBOT1.7%——
PYXS1.7%——
MDLN1.5%——
MSFT1.5%——
CVNA1.4%——
CEG1.3%——
DHI1.2%——
ABBV1.2%——
CME1.2%——
HOOD1.1%——
IMUX1.1%——
WDC1.0%——
PHM0.8%——
FCX0.7%——
META0.7%——
AARD0.7%——
AVGO0.6%——
COIN0.6%——
LEN0.6%——
AUTL0.6%——
BX0.6%——
CMG0.6%——
PEPG0.6%——
MPWR0.6%——
BOBS0.5%——
OCTV0.5%——
ON0.5%——
VLO0.5%——
CVS0.5%——
CRDF0.5%——
TOL0.5%——
SNDK0.4%——
B0.4%——
MO0.4%——
LNG0.4%——
HUM0.4%——
SHAZ0.4%——
SPGI0.4%——
CRM0.4%——
NEM0.4%——
DELL0.4%——
COP0.4%——
LITE0.3%——
CVX0.3%——
LFTO0.3%——
NEE0.3%——
FERG0.3%——
LUNR0.3%——
BE0.3%——
KO0.3%——
DE0.3%——
CRDO0.3%——
ORCL0.3%——
PANW0.3%——
CBRS0.3%——
VRTX0.3%——
FCNCA0.2%——
FANG0.2%——
COST0.2%——
EBAY0.2%——
NTAP0.2%——
DASH0.2%——
GEV0.2%——
DAL0.2%——
ZS0.2%——
CI0.2%——
CIEN0.1%——
WMB0.1%——
PM0.1%——
MCHP0.1%——
KMB0.1%——
AMZN0.1%——
FTAI0.1%——
XYZ0.1%——
UBER0.1%——
CSX0.1%——
AZN0.1%——
VRSK0.1%——
HWM0.1%——
VST0.1%——
VRT0.1%——
MCD0.1%——
ALNY0.1%——
CAT0.1%——
JPM0.1%——
JHX0.1%——
FIX0.1%——
ONON0.1%——
FTNT0.1%——
CTVA0.1%——
V0.1%——
VSAT0.1%——
SPCX0.1%——
HLT0.1%——
COR0.1%——
STRL0.1%——
GM0.1%——
MXL0.1%——
JEF0.1%——
FN0.1%——
NXPI0.1%——
AWK0.1%——
CDW0.1%——
NFLX0.1%——
AMRZ0.1%——
ORLY0.1%——
PWR0.1%——
SANM0.1%——
UPS0.1%——
INSM0.1%——
CRWV0.1%——
TWLO0.1%——
MAR0.1%——
TMUS0.1%——
JBL0.1%——
WMT0.1%——
FFIV0.1%——
WSM0.1%——
BNY0.1%——
MRVL0.1%——
DVN0.1%——
F0.1%——
LLY0.1%——
JBHT0.1%——
DY0.1%——
NXT0.1%——
COHR0.1%——
INTU0.1%——
GH0.1%——
AON0.1%——
HESM0.1%——
POST0.1%——
MA0.1%——
STX0.1%——
VSH0.1%——
ZBH0.1%——
CSCO0.1%——
LIN0.1%——
PLRX0.1%——
CPAY0.1%——
AMP0.1%——

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+13.5%+14.1%0.630.78−40.1%1.12−1.2% (−0.44)
2018 onwards5 Jan 2018 to 2 Nov 2026+14.4%+13.9%0.580.66−40.1%1.12−0.0% (0.00)
Last three years3 Nov 2023 to 2 Nov 2026+25.3%+21.8%1.021.16−18.9%1.07+2.7% (0.36)
Last year7 Nov 2025 to 2 Nov 2026+6.2%+14.2%0.200.84−16.3%1.12−7.5% (−0.59)
DateCompanyAction
14 Aug 2026ZSBought
14 Aug 2026ZBHBought
14 Aug 2026WTSBought
14 Aug 2026WSMBought
14 Aug 2026WMTBought
14 Aug 2026WMBBought
14 Aug 2026WMBought
14 Aug 2026WFCBought
14 Aug 2026VSHBought
14 Aug 2026VSATBought
14 Aug 2026VRTXBought
14 Aug 2026VRSNBought
14 Aug 2026VRSKBought
14 Aug 2026VICRBought
14 Aug 2026VIAVBought
14 Aug 2026VBought
14 Aug 2026UNHBought
14 Aug 2026TWLOBought
14 Aug 2026TTMIBought
14 Aug 2026TSCOBought
14 Aug 2026TJXBought
14 Aug 2026SYKBought
14 Aug 2026SWKSBought
14 Aug 2026STRLBought
14 Aug 2026SPXCBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026XPOSold
14 Aug 2026WRBSold
14 Aug 2026VZSold
14 Aug 2026VORSold
14 Aug 2026URISold
14 Aug 2026URGSold
14 Aug 2026UNMSold
14 Aug 2026TSLASold
14 Aug 2026TOSTSold
14 Aug 2026TMOSold
14 Aug 2026TGTSold
14 Aug 2026TERSold
14 Aug 2026TSold
14 Aug 2026SXCSold
14 Aug 2026SPOTSold
14 Aug 2026SNPSSold
14 Aug 2026SNSold
14 Aug 2026SHOPSold
14 Aug 2026SBUXSold
14 Aug 2026SAROSold
14 Aug 2026RLYBSold
14 Aug 2026RKTSold
14 Aug 2026RGLDSold
14 Aug 2026RDDTSold
14 Aug 2026PYPLSold

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