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Funds (13F)

Mondrian Investment Partners Ltd

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

Watch this strategy
Return a year
+15.2%
S&P 500 +13.8%
Last 12 months
+18.8%
S&P 500 +12.1%
Sharpe ratio
0.86
S&P 500 0.76
Biggest drop
−30.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $64.9k$55.3k
StrategyS&P 500 $10,000 in Mondrian Investment Partners Ltd from 2 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 Mondrian Investment Partners Ltd'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.

Mondrian Investment Partners Ltd's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.2%+13.8%
Total return+549%+453%
Last 12 months+18.8%+12.1%
Last 3 months+1.1%—
Last month+5.2%—
This year so far+11.2%—
Volatility a year15.4%15.9%
Sharpe ratio0.860.76
Biggest drop−30.7%−31.8%
Beta to the S&P 5000.811.00
Alpha a year (t-statistic)+3.4% (1.47)—
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
YUMC18.7%——
GSK5.2%——
BTI4.6%——
PHG4.4%——
GOOGL3.9%——
MSFT3.9%——
MRK3.8%——
TMO3.5%——
SCHW3.4%——
UNH3.1%——
TXN3.1%——
PBR2.9%——
PLD2.8%——
VALE2.8%——
DLTR2.8%——
BAC2.8%——
SHEL2.5%——
META2.4%——
CDW2.1%——
DD2.1%——
CRM2.1%——
WFC2.1%——
WDAY1.6%——
HDB1.6%——
LHX1.5%——
SYY1.5%——
PEP1.5%——
FISV1.2%——
YMM1.1%——
NNN1.1%——
B1.0%——
TSM0.8%——
AMZN0.7%——
EMR0.5%——
ZTS0.4%——
MU0.2%——
Q0.1%——
PUK0.1%——
ES0.0%——
WAT0.0%——
AMT0.0%——
KVUE0.0%——
EIX0.0%——
LH0.0%——
SOLV0.0%——
MCD0.0%——
CSX0.0%——
EOG0.0%——
QCOM0.0%——
BNY0.0%——
HMC0.0%——
ASX0.0%——
DG0.0%——
HCA0.0%——
BABA0.0%——
NTES0.0%——
BIDU0.0%——
SLF0.0%——
MFC0.0%——
ATHM0.0%——
IMO0.0%——
NOMD0.0%——
WPP0.0%——
LAUR0.0%——
VINP0.0%——
BUD0.0%——
ABEV0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest2 Aug 2013 to 2 Nov 2026+15.2%+13.8%0.860.76−30.7%0.81+3.4% (1.47)
2018 onwards5 Jan 2018 to 2 Nov 2026+14.6%+13.9%0.720.66−30.7%0.80+2.8% (0.89)
Last three years3 Nov 2023 to 2 Nov 2026+19.8%+21.8%1.191.16−10.6%0.62+4.2% (0.87)
Last year7 Nov 2025 to 2 Nov 2026+17.7%+14.2%1.090.84−8.2%0.50+8.0% (0.76)
DateCompanyAction
31 Jul 2026SLFBought
31 Jul 2026MFCBought
31 Jul 2026IMOBought
31 Jul 2026EMRBought
31 Jul 2026DDBought
31 Jul 2026BUDBought
1 May 2026ZTSBought
1 May 2026UBERBought
1 May 2026PGBought
1 May 2026PFEBought
1 May 2026PEPBought
1 May 2026NTESBought
1 May 2026LNGBought
13 Feb 2026YMMBought
13 Feb 2026VINPBought
13 Feb 2026UNPBought
13 Feb 2026ULBought
13 Feb 2026QBought
13 Feb 2026PUKBought
13 Feb 2026NIBought
13 Feb 2026FISVBought
14 Nov 2025SOLVBought
14 Nov 2025PEPBought
14 Nov 2025NOMDBought
14 Nov 2025BBought

Dated at the rebalance that made the change.

DateCompanyAction
31 Jul 2026UNPSold
31 Jul 2026ULSold
31 Jul 2026UBERSold
31 Jul 2026SOBOSold
31 Jul 2026PGSold
31 Jul 2026PFESold
31 Jul 2026OTEXSold
31 Jul 2026NISold
31 Jul 2026LNGSold
31 Jul 2026BTGSold
31 Jul 2026BNSSold
1 May 2026SWKSold
1 May 2026PAXSold
1 May 2026CHTSold
13 Feb 2026ULTASold
13 Feb 2026PEPSold
13 Feb 2026NSCSold
14 Nov 2025TRPSold
14 Nov 2025NXSold
14 Nov 2025IPSold
14 Nov 2025FISSold
14 Nov 2025ENBSold
14 Nov 2025ALVSold
16 May 2025LWSold
16 May 2025CNCSold

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