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Funds (13F)

Locust Wood Capital Advisers, LLC

Backtest from 9 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+15.0%
S&P 500 +13.9%
Last 12 months
+11.2%
S&P 500 +12.1%
Sharpe ratio
0.79
S&P 500 0.77
Biggest drop
−33.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $63.9k$55.9k
StrategyS&P 500 $10,000 in Locust Wood Capital Advisers, LLC from 9 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 Locust Wood Capital Advisers, LLC'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.

Locust Wood Capital Advisers, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.0%+13.9%
Total return+539%+459%
Last 12 months+11.2%+12.1%
Last 3 months+0.5%—
Last month+0.2%—
This year so far+7.6%—
Volatility a year17.1%16.0%
Sharpe ratio0.790.77
Biggest drop−33.1%−31.8%
Beta to the S&P 5001.011.00
Alpha a year (t-statistic)+1.0% (0.68)—
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
TSM8.3%——
AMZN7.3%——
NVDA6.5%——
GPGI5.8%——
GOOGL5.7%——
MSFT5.4%——
V5.4%——
SPGI4.6%——
LIN4.3%——
ESI4.1%——
META3.9%——
ABT3.8%——
AAPL3.4%——
CSX3.4%——
VRT3.4%——
SHW2.8%——
UNH2.6%——
RHLD2.5%——
AMRZ2.5%——
STE2.4%——
WM2.3%——
PCG2.2%——
GEHC1.8%——
HON1.4%——
HONA1.4%——
LLY1.2%——
SU1.2%——
CPNG0.4%——
CP0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest9 Aug 2013 to 2 Nov 2026+15.0%+13.9%0.790.77−33.1%1.01+1.0% (0.68)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.3%+13.9%0.610.66−33.1%1.01−0.5% (−0.25)
Last three years3 Nov 2023 to 2 Nov 2026+18.0%+21.8%0.911.16−19.1%0.94−2.1% (−0.63)
Last year7 Nov 2025 to 2 Nov 2026+10.7%+14.2%0.550.84−9.1%0.87−1.7% (−0.23)
DateCompanyAction
14 Aug 2026UNHBought
14 Aug 2026HONABought
14 Aug 2026HONBought
14 Aug 2026CPNGBought
14 Aug 2026AMRZBought
22 May 2026LLYBought
13 Feb 2026METABought
31 Oct 2025WTSBought
31 Oct 2025TTBought
31 Oct 2025SHWBought
31 Oct 2025REZIBought
31 Oct 2025IFFBought
31 Oct 2025GEBought
31 Oct 2025EMNBought
31 Oct 2025CSXBought
31 Oct 2025CCKBought
31 Oct 2025AMRZBought
15 Aug 2025UFPIBought
15 Aug 2025SSDBought
15 Aug 2025SAIABought
15 Aug 2025PPGBought
15 Aug 2025PCARBought
15 Aug 2025NVTBought
15 Aug 2025NVDABought
15 Aug 2025NOWBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026REZISold
22 May 2026NOWSold
22 May 2026NKESold
22 May 2026ELVSold
22 May 2026CRMSold
22 May 2026AXTASold
22 May 2026APOSold
13 Feb 2026WTSSold
13 Feb 2026URISold
13 Feb 2026TTSold
13 Feb 2026TDYSold
13 Feb 2026SGUSold
13 Feb 2026PKGSold
13 Feb 2026PCARSold
13 Feb 2026IFFSold
13 Feb 2026GPKSold
13 Feb 2026GESold
13 Feb 2026FIXSold
13 Feb 2026EXPDSold
13 Feb 2026EMNSold
13 Feb 2026CMISold
13 Feb 2026CCKSold
13 Feb 2026BALLSold
13 Feb 2026AMRZSold
31 Oct 2025UFPISold

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