undamentalytics Newsletter
Sign in

Funds (13F)

River Road Asset Management, LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+10.8%
S&P 500 +14.1%
Last 12 months
+17.4%
S&P 500 +12.1%
Sharpe ratio
0.57
S&P 500 0.78
Biggest drop
−39.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$38.7k
StrategyS&P 500 $10,000 in River Road Asset Management, LLC from 16 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 River Road Asset Management, 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.

River Road Asset Management, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+10.8%+14.1%
Total return+287%+470%
Last 12 months+17.4%+12.1%
Last 3 months+2.5%—
Last month+8.3%—
This year so far+11.6%—
Volatility a year17.1%16.0%
Sharpe ratio0.570.78
Biggest drop−39.9%−31.8%
Beta to the S&P 5000.941.00
Alpha a year (t-statistic)−1.9% (−0.85)—
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
BJ3.4%——
MGRC2.9%——
WTM2.8%——
CXW2.6%——
LAD2.3%——
SARO2.3%——
MAA2.1%——
AMRZ2.1%——
ATR2.0%——
GXO1.9%——
LH1.9%——
COO1.6%——
GNW1.6%——
AXP1.6%——
CALM1.6%——
PLUS1.5%——
CRH1.5%——
PRSU1.3%——
AWI1.3%——
CHE1.3%——
DIS1.3%——
IFF1.3%——
PGR1.2%——
CACI1.2%——
AXS1.2%——
META1.1%——
WTW1.1%——
HAE1.1%——
VNT1.1%——
CEG1.1%——
DK1.1%——
AGO1.1%——
ICUI1.1%——
AMZN1.0%——
GEHC1.0%——
AOS1.0%——
SFM1.0%——
FCNCA1.0%——
IMKTA0.9%——
UFPI0.9%——
WSC0.9%——
SR0.9%——
SWX0.9%——
PSMT0.9%——
MDU0.8%——
TFX0.8%——
MTN0.8%——
PAYC0.8%——
KDP0.8%——
PRKS0.7%——
BDX0.7%——
DOLE0.7%——
WEX0.7%——
UNP0.7%——
UGI0.7%——
MUSA0.7%——
WFC0.7%——
NWE0.7%——
TTAM0.6%——
OC0.6%——
RYN0.6%——
RTO0.6%——
DNOW0.6%——
LGIH0.6%——
PR0.6%——
SAIC0.6%——
ABG0.6%——
ICLR0.6%——
TRN0.6%——
GPC0.5%——
SNX0.5%——
INGM0.5%——
MMS0.5%——
RDN0.5%——
CNA0.5%——
CSL0.5%——
HUBG0.4%——
HHH0.4%——
LMT0.4%——
HII0.4%——
SMPL0.4%——
NOMD0.4%——
BMRN0.4%——
IRT0.3%——
CNNE0.3%——
KR0.3%——
LKQ0.3%——
RPC0.3%——
UL0.3%——
ENOV0.3%——
JBI0.3%——
WCC0.3%——
CNH0.3%——
DE0.3%——
ALG0.3%——
RPRX0.3%——
DINO0.3%——
PNC0.2%——
CBSH0.2%——
WMB0.2%——
FDXF0.2%——
OTIS0.2%——
PGNY0.2%——
TXNM0.2%——
TNC0.2%——
TXN0.2%——
CCL0.2%——
EXPD0.2%——
CB0.2%——
UNFI0.2%——
COKE0.2%——
MSFT0.2%——
NMIH0.2%——
BXC0.2%——
SSD0.2%——
TRIP0.2%——
KMI0.1%——
UNF0.1%——
SBUX0.1%——
EL0.1%——
TFII0.1%——
GEO0.1%——
ACIW0.1%——
TLN0.1%——
MSGS0.1%——
APD0.1%——
NWSA0.1%——
BRO0.1%——
CPAY0.1%——
AMT0.1%——
ITRN0.1%——
SSNC0.1%——
MU0.1%——
JOE0.1%——
APG0.1%——
MTDR0.1%——
HTO0.1%——
QSR0.1%——
RPM0.1%——
LSTR0.1%——
CELH0.1%——
MDT0.1%——
ABBV0.1%——
DAL0.1%——
AMGN0.1%——
WMG0.1%——
EOG0.1%——
CRM0.1%——
QCOM0.1%——
AVT0.1%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+10.8%+14.1%0.570.78−39.9%0.94−1.9% (−0.85)
2018 onwards5 Jan 2018 to 2 Nov 2026+9.9%+13.9%0.440.66−39.9%0.93−2.5% (−0.76)
Last three years3 Nov 2023 to 2 Nov 2026+14.9%+21.8%0.741.16−14.8%0.64−0.0% (0.00)
Last year7 Nov 2025 to 2 Nov 2026+17.4%+14.2%1.070.84−8.3%0.30+9.7% (0.85)
DateCompanyAction
24 Jul 2026UBERBought
24 Jul 2026TRNBought
24 Jul 2026TELBought
24 Jul 2026SRBought
24 Jul 2026SAROBought
24 Jul 2026RYNBought
24 Jul 2026OTISBought
24 Jul 2026LMBBought
24 Jul 2026HTOBought
24 Jul 2026FDXFBought
24 Jul 2026CELHBought
24 Jul 2026CCLBought
24 Jul 2026AOSBought
1 May 2026ZTSBought
1 May 2026UNFIBought
1 May 2026UGIBought
1 May 2026TFXBought
1 May 2026TFIIBought
1 May 2026SFMBought
1 May 2026QCOMBought
1 May 2026MTDRBought
1 May 2026MSGSBought
1 May 2026MSFTBought
1 May 2026MRSHBought
1 May 2026MORNBought

Dated at the rebalance that made the change.

DateCompanyAction
24 Jul 2026ZTSSold
24 Jul 2026YELPSold
24 Jul 2026VYXSold
24 Jul 2026OVVSold
24 Jul 2026MORNSold
24 Jul 2026LENSold
24 Jul 2026GLWSold
24 Jul 2026EMBCSold
24 Jul 2026BRBRSold
24 Jul 2026BMYSold
24 Jul 2026AESSold
24 Jul 2026ACNSold
24 Jul 2026ACISold
1 May 2026VOYASold
1 May 2026VMISold
1 May 2026TPGSold
1 May 2026SNSold
1 May 2026PSXSold
1 May 2026PKESold
1 May 2026OSKSold
1 May 2026NVRSold
1 May 2026NSPSold
1 May 2026KKRSold
1 May 2026HCCSold
1 May 2026FNFSold

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