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Funds (13F)

Prana Capital Management, LP

Backtest from 16 Feb 2018 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.5%
S&P 500 +14.1%
Last 12 months
+13.2%
S&P 500 +12.1%
Sharpe ratio
0.55
S&P 500 0.67
Biggest drop
−40.2%
S&P 500 −31.8%
$10.0k$20.0k 201820192020202120222023202420252026 $31.6k$30.1k
Prana Capital Management, LPS&P 500 $10,000 in Prana Capital Management, LP from 16 Feb 2018 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Prana 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.

Prana Capital Management, LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.5%+14.1%
Total return+201%+216%
Last 12 months+13.2%+12.1%
Last 3 months+2.5%—
Last month+9.1%—
This year so far+4.3%—
Volatility a year22.3%17.9%
Sharpe ratio0.550.67
Biggest drop−40.2%−31.8%
Beta to the S&P 5001.071.00
Alpha a year (t-statistic)−0.5% (−0.13)—
Share of weeks up59%—

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
BLK6.8%——
BAC6.4%——
MA5.7%——
CB5.2%——
HD4.4%——
HBAN4.4%——
TFC4.0%——
WFC3.4%——
ICE3.0%——
LPLA2.8%——
LEN2.7%——
KEY2.6%——
CFG2.6%——
HCA2.4%——
SPGI2.1%——
RGA2.0%——
PHM1.9%——
ELV1.9%——
STT1.8%——
AJG1.6%——
RF1.4%——
WTW1.4%——
TGT1.3%——
PAYX1.2%——
NDAQ1.1%——
AIG1.1%——
CG1.1%——
SF1.0%——
UNH1.0%——
HIG1.0%——
HUM0.9%——
FISV0.8%——
FCNCA0.8%——
WCN0.7%——
RKT0.7%——
GPN0.7%——
NTRS0.7%——
FIS0.7%——
DKS0.6%——
EQH0.6%——
CTAS0.6%——
AMH0.6%——
C0.5%——
JKHY0.5%——
SSNC0.5%——
EG0.5%——
MC0.5%——
LNC0.4%——
CRM0.4%——
CINF0.4%——
SEIC0.4%——
CBRE0.4%——
AXS0.4%——
XYZ0.4%——
UNM0.3%——
WRB0.3%——
CPAY0.3%——
CSGP0.3%——
HLI0.3%——
GL0.3%——
ACN0.3%——
ARES0.3%——
SPG0.2%——
LOW0.2%——
BX0.2%——
VRSK0.2%——
EVR0.2%——
EPAM0.2%——
FOUR0.2%——
MOH0.2%——
STEP0.2%——
LAZ0.2%——
FAF0.2%——
COIN0.1%——
PRI0.1%——
BEN0.1%——
NVR0.1%——
MKTX0.1%——
EFX0.1%——
ACI0.1%——
ZION0.1%——
BAM0.1%——
IVZ0.1%——
ROL0.1%——
FICO0.1%——
IT0.1%——
BJ0.1%——
JEF0.1%——
WDAY0.0%——
FHN0.0%——
UWMC0.0%——
SHOP0.0%——
AZO0.0%——
INVH0.0%——
NOW0.0%——
BGC0.0%——
VIRT0.0%——
ORCL0.0%——
COR0.0%——
AFG0.0%——
ETOR0.0%——
KBH0.0%——
ULTA0.0%——
CTSH0.0%——
KKR0.0%——
RJF0.0%——
PANW0.0%——
KLAR0.0%——
OWL0.0%——
CRCL0.0%——
CME0.0%——
SFM0.0%——
AAP0.0%——
PNFP0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Feb 2018 to 2 Nov 2026+13.5%+14.1%0.550.67−40.2%1.07−0.5% (−0.13)
Last three years3 Nov 2023 to 2 Nov 2026+20.9%+21.8%1.001.16−16.8%0.80+2.8% (0.44)
Last year7 Nov 2025 to 2 Nov 2026+12.4%+14.2%0.630.84−12.9%0.60+2.7% (0.23)
DateCompanyAction
21 Aug 2026XYZBought
21 Aug 2026VIRTBought
21 Aug 2026UNHBought
21 Aug 2026ULTABought
21 Aug 2026SPGIBought
21 Aug 2026SHOPBought
21 Aug 2026SFMBought
21 Aug 2026PNFPBought
21 Aug 2026PANWBought
21 Aug 2026OWLBought
21 Aug 2026NOWBought
21 Aug 2026KKRBought
21 Aug 2026ITBought
21 Aug 2026INVHBought
21 Aug 2026HUMBought
21 Aug 2026HLIBought
21 Aug 2026HIGBought
21 Aug 2026EQHBought
21 Aug 2026EFXBought
21 Aug 2026CRMBought
21 Aug 2026CRCLBought
21 Aug 2026CORBought
21 Aug 2026CMEBought
21 Aug 2026CINFBought
21 Aug 2026CBREBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026VOYASold
21 Aug 2026TRUSold
21 Aug 2026TPGSold
21 Aug 2026TOSTSold
21 Aug 2026RYANSold
21 Aug 2026ROSTSold
21 Aug 2026RDNSold
21 Aug 2026PYPLSold
21 Aug 2026PFSISold
21 Aug 2026ORLYSold
21 Aug 2026NSPSold
21 Aug 2026MSSold
21 Aug 2026MKLSold
21 Aug 2026MIAXSold
21 Aug 2026MCOSold
21 Aug 2026JLLSold
21 Aug 2026HLNESold
21 Aug 2026FIVESold
21 Aug 2026FIGRSold
21 Aug 2026DHISold
21 Aug 2026DGSold
21 Aug 2026CRBGSold
21 Aug 2026COSTSold
21 Aug 2026COFSold
21 Aug 2026CNCSold

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