undamentalytics Newsletter
Sign in

Funds (13F)

Ranger Investment Management, L.P.

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

Watch this strategy
Return a year
+9.6%
S&P 500 +13.9%
Last 12 months
+1.3%
S&P 500 +12.1%
Sharpe ratio
0.44
S&P 500 0.77
Biggest drop
−39.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$33.6k
StrategyS&P 500 $10,000 in Ranger Investment Management, L.P. 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 Ranger Investment Management, L.P.'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.

Ranger Investment Management, L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+9.6%+13.9%
Total return+236%+459%
Last 12 months+1.3%+12.1%
Last 3 months−4.7%—
Last month−3.1%—
This year so far−0.7%—
Volatility a year21.6%16.0%
Sharpe ratio0.440.77
Biggest drop−39.9%−31.8%
Beta to the S&P 5001.141.00
Alpha a year (t-statistic)−4.5% (−1.39)—
Share of weeks up55%—

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
LGND5.2%——
PDFS5.2%——
SEI3.0%——
ULS2.7%——
STRL2.5%——
AGX2.5%——
MTSI2.5%——
TFIN2.4%——
SN2.4%——
EE2.2%——
CWST2.0%——
SSD2.0%——
OII2.0%——
WRBY2.0%——
AAON2.0%——
HQY1.9%——
ANIP1.8%——
SAIA1.7%——
PEGA1.7%——
ORA1.6%——
CHYM1.6%——
WSC1.5%——
RMBS1.5%——
WBI1.5%——
FSS1.5%——
JLL1.4%——
WLDN1.4%——
TXRH1.4%——
STVN1.4%——
LMAT1.4%——
WULF1.3%——
ARMK1.2%——
BWXT1.2%——
OPLN1.2%——
MOD1.1%——
PCTY1.1%——
ADMA1.1%——
PL1.1%——
MLAB1.1%——
AMSC1.1%——
SKY1.1%——
LTH1.0%——
NCNO1.0%——
PR1.0%——
CRL1.0%——
BOOT0.9%——
GNRC0.9%——
MEDP0.9%——
KRMN0.9%——
CELH0.9%——
WK0.8%——
NVEC0.8%——
CDNL0.8%——
LAZ0.7%——
KRT0.7%——
MCB0.7%——
CCB0.7%——
CVLG0.7%——
UFPT0.6%——
IRMD0.6%——
PNTG0.6%——
PAHC0.6%——
APPF0.6%——
MMSI0.6%——
BFST0.6%——
PLPC0.5%——
GRBK0.5%——
GRDN0.5%——
PLOW0.4%——
COCO0.4%——
VIAV0.3%——
TTI0.3%——
PWP0.3%——
OUST0.3%——
WTTR0.3%——
MGRC0.3%——
KRUS0.3%——
LQDT0.2%——
TBN0.2%——
NNBR0.1%——
FRVO0.1%——

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+9.6%+13.9%0.440.77−39.9%1.14−4.5% (−1.39)
2018 onwards5 Jan 2018 to 2 Nov 2026+6.8%+13.9%0.280.66−39.9%1.12−6.7% (−1.58)
Last three years3 Nov 2023 to 2 Nov 2026+7.0%+21.8%0.211.16−23.4%0.97−11.7% (−1.62)
Last year7 Nov 2025 to 2 Nov 2026+2.1%+14.2%−0.030.84−11.8%0.89−9.3% (−0.70)
DateCompanyAction
14 Aug 2026VIAVBought
14 Aug 2026TBNBought
14 Aug 2026OUSTBought
14 Aug 2026OPLNBought
14 Aug 2026NNBRBought
14 Aug 2026LQDTBought
14 Aug 2026GNRCBought
14 Aug 2026FRVOBought
14 Aug 2026CDNLBought
14 Aug 2026ARMKBought
14 Aug 2026AMSCBought
22 May 2026WLDNBought
22 May 2026STRLBought
22 May 2026PLPCBought
22 May 2026ORABought
22 May 2026MODBought
22 May 2026CRLBought
22 May 2026BWXTBought
20 Feb 2026WULFBought
20 Feb 2026TTIBought
20 Feb 2026SNBought
20 Feb 2026RMBSBought
20 Feb 2026ODDBought
20 Feb 2026GRDNBought
20 Feb 2026FWRGBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026WINGSold
14 Aug 2026VITLSold
14 Aug 2026RGENSold
14 Aug 2026IIIVSold
14 Aug 2026GWRESold
22 May 2026QNSTSold
22 May 2026OSWSold
22 May 2026ODDSold
22 May 2026LMBSold
22 May 2026FWRGSold
22 May 2026CHESold
22 May 2026BIRKSold
20 Feb 2026SFMSold
20 Feb 2026MSASold
20 Feb 2026MNDYSold
20 Feb 2026EPMSold
7 Nov 2025NCMISold
7 Nov 2025MGYSold
7 Nov 2025JJSFSold
7 Nov 2025HOMBSold
22 Aug 2025SHOOSold
22 Aug 2025RPAYSold
22 Aug 2025MITKSold
22 Aug 2025KWRSold
22 Aug 2025INFUSold

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