undamentalytics Newsletter
Sign in

Funds (13F)

LMR Partners LLP

Backtest from 2 May 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+15.1%
S&P 500 +13.7%
Last 12 months
+16.3%
S&P 500 +12.1%
Sharpe ratio
0.72
S&P 500 0.74
Biggest drop
−33.2%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $57.9k$49.6k
LMR Partners LLPS&P 500 $10,000 in LMR Partners LLP from 2 May 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies LMR Partners LLP'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.

LMR Partners LLP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.1%+13.7%
Total return+479%+396%
Last 12 months+16.3%+12.1%
Last 3 months−2.0%—
Last month−7.7%—
This year so far+14.7%—
Volatility a year19.3%16.3%
Sharpe ratio0.720.74
Biggest drop−33.2%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)+0.9% (0.38)—
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
NSC3.7%——
SPCX3.0%——
NVDA2.5%——
ECHO1.9%——
AMZN1.8%——
TSLA1.7%——
TSM1.7%——
STX1.6%——
AXTA1.6%——
SHEL1.6%——
MSI1.6%——
APH1.5%——
DDOG1.4%——
SLAB1.3%——
TTWO1.3%——
ROKU1.2%——
CLS1.2%——
GSAT1.1%——
PEN1.1%——
SNDK1.1%——
BABA1.1%——
ILMN1.0%——
WTRG1.0%——
AES1.0%——
WAT0.9%——
AAUC0.9%——
CRDO0.9%——
TXNM0.9%——
GLW0.9%——
ANET0.8%——
GSK0.8%——
MPWR0.8%——
DY0.8%——
BTSG0.8%——
MU0.8%——
MDB0.7%——
ZM0.7%——
ASML0.7%——
GE0.7%——
AAPL0.7%——
ALNY0.7%——
MSFT0.6%——
UNIT0.6%——
LRCX0.6%——
INTC0.6%——
CSCO0.6%——
TTMI0.6%——
NET0.5%——
ELAN0.5%——
AMAT0.5%——
FFIV0.5%——
MRVL0.5%——
RGEN0.5%——
CRWD0.5%——
KVUE0.5%——
IBM0.5%——
FPS0.4%——
CBRS0.4%——
SNOW0.4%——
KLAC0.4%——
SYNA0.4%——
STM0.4%——
AMPX0.4%——
PANW0.4%——
MDT0.4%——
USFD0.4%——
DVN0.4%——
COP0.4%——
META0.4%——
SGRY0.4%——
BE0.4%——
BKD0.4%——
DNTH0.3%——
FTNT0.3%——
OKTA0.3%——
ABBV0.3%——
WDC0.3%——
CRWV0.3%——
TEVA0.3%——
PLTR0.3%——
TER0.3%——
BMY0.3%——
AVGO0.3%——
WULF0.3%——
HDB0.3%——
CRCL0.3%——
MWH0.3%——
ORCL0.3%——
HOOD0.3%——
INIO0.3%——
TEL0.3%——
OVV0.3%——
WOLF0.3%——
VIK0.3%——
PRCT0.3%——
USAR0.3%——
TRGP0.3%——
MSTR0.3%——
NTWO0.3%——
AR0.2%——
QNT0.2%——
DOCN0.2%——
MAR0.2%——
KNTK0.2%——
MGM0.2%——
KEYS0.2%——
UNF0.2%——
COST0.2%——
MCD0.2%——
REGN0.2%——
BUD0.2%——
IMXI0.2%——
COHR0.2%——
CMCSA0.2%——
WMB0.2%——
VRT0.2%——
TSEM0.2%——
NTES0.2%——
ABNB0.2%——
SBUX0.2%——
PR0.2%——
MAIR0.2%——
FROG0.2%——
MNST0.2%——
W0.2%——
PPL0.2%——
P0.2%——
TNGX0.2%——
LPBB0.2%——
FACT0.2%——
NFLX0.2%——
MPC0.2%——
IOT0.2%——
LNG0.2%——
FRVO0.2%——
XEL0.2%——
KDK0.2%——
DLTR0.2%——
NBIX0.1%——
SOLS0.1%——
ARXS0.1%——
ALAB0.1%——
PBR0.1%——
NESR0.1%——
RVMD0.1%——
TWLO0.1%——
V0.1%——
APLD0.1%——
MTZ0.1%——
MACI0.1%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest2 May 2014 to 2 Nov 2026+15.1%+13.7%0.720.74−33.2%1.08+0.9% (0.38)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.4%+13.9%0.570.66−33.2%1.08−0.7% (−0.24)
Last three years3 Nov 2023 to 2 Nov 2026+24.7%+21.8%1.041.16−22.6%1.18+0.3% (0.05)
Last year7 Nov 2025 to 2 Nov 2026+18.3%+14.2%0.770.84−8.8%1.31+1.4% (0.14)
DateCompanyAction
21 Aug 2026ZYMEBought
21 Aug 2026YSWYBought
21 Aug 2026XYZBought
21 Aug 2026XEBought
21 Aug 2026WTSBought
21 Aug 2026WPPBought
21 Aug 2026WOLFBought
21 Aug 2026WMBought
21 Aug 2026WLFCBought
21 Aug 2026WINGBought
21 Aug 2026WHKBought
21 Aug 2026WFCBought
21 Aug 2026WDAYBought
21 Aug 2026WATBought
21 Aug 2026WBought
21 Aug 2026VZBought
21 Aug 2026VSHBought
21 Aug 2026VRSKBought
21 Aug 2026VPGBought
21 Aug 2026VLTOBought
21 Aug 2026VICRBought
21 Aug 2026VEEVBought
21 Aug 2026UPSBought
21 Aug 2026UMCBought
21 Aug 2026ULTABought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026YUMSold
21 Aug 2026YSSSold
21 Aug 2026YMMSold
21 Aug 2026XRAYSold
21 Aug 2026XPOSold
21 Aug 2026XENESold
21 Aug 2026WYFISold
21 Aug 2026WUSold
21 Aug 2026WPCSold
21 Aug 2026WLTHSold
21 Aug 2026WKSold
21 Aug 2026WIXSold
21 Aug 2026WGSSold
21 Aug 2026WFRDSold
21 Aug 2026WENSold
21 Aug 2026VOYGSold
21 Aug 2026VNOMSold
21 Aug 2026VNETSold
21 Aug 2026VGSold
21 Aug 2026VERISold
21 Aug 2026VALESold
21 Aug 2026URGSold
21 Aug 2026UALSold
21 Aug 2026UAASold
21 Aug 2026TVTXSold

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