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Funds (13F)

Polar Capital Holdings PLC

Backtest from 19 Feb 2021 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+15.0%
S&P 500 +13.8%
Last 12 months
+16.9%
S&P 500 +12.1%
Sharpe ratio
0.58
S&P 500 0.67
Biggest drop
−35.4%
S&P 500 −23.9%
$10.0k$20.0k 202120222023202420252026 $22.1k$20.9k
Polar Capital Holdings PLCS&P 500 $10,000 in Polar Capital Holdings PLC from 19 Feb 2021 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Polar Capital Holdings PLC'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.

Polar Capital Holdings PLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.0%+13.8%
Total return+121%+109%
Last 12 months+16.9%+12.1%
Last 3 months−7.3%—
Last month−16.6%—
This year so far+15.9%—
Volatility a year21.8%15.6%
Sharpe ratio0.580.67
Biggest drop−35.4%−23.9%
Beta to the S&P 5001.261.00
Alpha a year (t-statistic)−0.6% (−0.15)—
Share of weeks up56%—

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
NVDA8.1%——
AMD4.8%——
MU4.1%——
SNDK3.3%——
LRCX3.0%——
STX2.8%——
INTC2.7%——
KLAC2.6%——
AVGO2.4%——
GLW2.3%——
GOOGL2.0%——
COHR1.8%——
PANW1.7%——
META1.5%——
WDC1.5%——
AAPL1.3%——
ANET1.3%——
CLS1.2%——
CRWD1.2%——
FLEX1.2%——
TTMI1.1%——
GEV1.0%——
FORM1.0%——
SNOW1.0%——
LITE1.0%——
AMZN1.0%——
ELVN0.9%——
VRT0.9%——
MSFT0.9%——
MRVL0.9%——
SIMO0.9%——
NET0.9%——
LLY0.9%——
RNR0.9%——
ACGL0.8%——
MTSI0.8%——
XENE0.8%——
TSEM0.8%——
BE0.8%——
HOOD0.8%——
TWLO0.7%——
AZN0.7%——
MDB0.7%——
FN0.7%——
CB0.7%——
MRSH0.6%——
JNJ0.6%——
CYTK0.6%——
AKAM0.5%——
RYTM0.5%——
CAT0.5%——
TEVA0.5%——
ARQT0.5%——
APH0.5%——
NOW0.5%——
ASND0.5%——
ONTO0.5%——
BBIO0.5%——
ESNT0.5%——
MKL0.5%——
WRB0.4%——
ALNY0.4%——
TRV0.4%——
AMGN0.4%——
MDGL0.4%——
RVMD0.4%——
COGT0.4%——
BNY0.3%——
EG0.3%——
ORKA0.3%——
MKSI0.3%——
IONS0.3%——
RYAN0.3%——
BRO0.3%——
DAL0.3%——
FIX0.3%——
RGA0.3%——
SRRK0.3%——
NU0.3%——
EW0.3%——
DNTH0.3%——
MIRM0.3%——
INSM0.3%——
PGR0.3%——
PRAX0.3%——
Q0.3%——
MBX0.3%——
SYRE0.3%——
KNX0.3%——
WMT0.3%——
SE0.2%——
USFD0.2%——
PHVS0.2%——
ADI0.2%——
CSCO0.2%——
SOLV0.2%——
HGTY0.2%——
AXGN0.2%——
PCVX0.2%——
RAPP0.2%——
WTS0.2%——
UNH0.2%——
RDN0.2%——
ZBIO0.2%——
SVRA0.2%——
NAMS0.2%——
SKWD0.2%——
JCI0.2%——
BWA0.2%——
IRTC0.2%——
XPO0.2%——
MELI0.2%——
RCL0.1%——
NPCE0.1%——
BKR0.1%——
MCHP0.1%——
LIN0.1%——
RLI0.1%——
V0.1%——
ROIV0.1%——
TNGX0.1%——
PDD0.1%——
BOW0.1%——
HAL0.1%——
CVS0.1%——
TRUP0.1%——
TMO0.1%——
DELL0.1%——
JBIO0.1%——
DDOG0.1%——
RDNT0.1%——
MLYS0.1%——
AXON0.1%——
DFTX0.1%——
TSLA0.1%——
JPM0.1%——
TCOM0.1%——
TSHA0.1%——
RLAY0.1%——
AFRM0.1%——
CNC0.1%——
AFL0.1%——
AMG0.1%——
A0.1%——
DYN0.1%——
ON0.1%——
STOK0.1%——
IBKR0.1%——
BIOA0.1%——
NXPI0.1%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest19 Feb 2021 to 2 Nov 2026+15.0%+13.8%0.580.67−35.4%1.26−0.6% (−0.15)
Last three years3 Nov 2023 to 2 Nov 2026+32.7%+21.8%1.171.13−23.1%1.39+3.7% (0.62)
Last year7 Nov 2025 to 2 Nov 2026+20.4%+14.2%0.720.84−16.6%1.65+0.9% (0.06)
DateCompanyAction
21 Aug 2026UNHBought
21 Aug 2026TNGXBought
21 Aug 2026TFIIBought
21 Aug 2026SOLVBought
21 Aug 2026SIMOBought
21 Aug 2026RLAYBought
21 Aug 2026RGENBought
21 Aug 2026RCLBought
21 Aug 2026QBought
21 Aug 2026PRAXBought
21 Aug 2026PANWBought
21 Aug 2026ONTOBought
21 Aug 2026NOWBought
21 Aug 2026KNXBought
21 Aug 2026JNJBought
21 Aug 2026JBIOBought
21 Aug 2026HQYBought
21 Aug 2026HALBought
21 Aug 2026EWBought
21 Aug 2026ETSYBought
21 Aug 2026EQTBought
21 Aug 2026DFTXBought
21 Aug 2026DELLBought
21 Aug 2026DDOGBought
21 Aug 2026CRWDBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZMSold
21 Aug 2026VIAVSold
21 Aug 2026URISold
21 Aug 2026SYYSold
21 Aug 2026STXSSold
21 Aug 2026SPOTSold
21 Aug 2026SHOPSold
21 Aug 2026RKLBSold
21 Aug 2026REGNSold
21 Aug 2026RDDTSold
21 Aug 2026PLTRSold
21 Aug 2026PSold
21 Aug 2026ORICSold
21 Aug 2026OLMASold
21 Aug 2026IMNMSold
21 Aug 2026GDRXSold
21 Aug 2026FUTUSold
21 Aug 2026FSLRSold
21 Aug 2026ECLSold
21 Aug 2026CRVSSold
21 Aug 2026COINSold
21 Aug 2026CIENSold
21 Aug 2026BKNGSold
21 Aug 2026BABASold
21 Aug 2026AXPSold

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