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Funds (13F)

Sachem Head Capital Management LP

Backtest from 21 Feb 2014 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+19.5%
S&P 500 +13.7%
Last 12 months
−13.3%
S&P 500 +12.1%
Sharpe ratio
0.73
S&P 500 0.74
Biggest drop
−46.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2014201620182020202220242026 $96.2k$50.9k
StrategyS&P 500 $10,000 in Sachem Head Capital Management LP from 21 Feb 2014 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Sachem Head 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.

Sachem Head Capital Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+19.5%+13.7%
Total return+862%+409%
Last 12 months−13.3%+12.1%
Last 3 months−14.1%—
Last month−8.9%—
This year so far−13.9%—
Volatility a year26.3%16.2%
Sharpe ratio0.730.74
Biggest drop−46.6%−31.8%
Beta to the S&P 5001.331.00
Alpha a year (t-statistic)+3.2% (0.75)—
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
TLN11.1%——
STX9.6%——
PRMB9.1%——
PFGC7.9%——
MKSI7.6%——
DKS7.1%——
CVNA6.2%——
SHC5.8%——
CELH5.6%——
GDS5.5%——
GIL3.9%——
GLNG3.8%——
BRKR3.7%——
STM3.5%——
BTDR3.2%——
TWLO2.7%——
FUN2.3%——
RIOT1.6%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest21 Feb 2014 to 2 Nov 2026+19.5%+13.7%0.730.74−46.6%1.33+3.2% (0.75)
2018 onwards5 Jan 2018 to 2 Nov 2026+14.0%+13.9%0.500.66−46.6%1.36−1.5% (−0.28)
Last three years3 Nov 2023 to 2 Nov 2026+22.4%+21.8%0.791.16−26.2%1.32−2.9% (−0.34)
Last year7 Nov 2025 to 2 Nov 2026−13.7%+14.2%−0.690.84−26.2%1.48−30.5% (−2.09)
DateCompanyAction
21 Aug 2026STXBought
21 Aug 2026STMBought
21 Aug 2026RIOTBought
21 Aug 2026MKSIBought
21 Aug 2026GLNGBought
21 Aug 2026CELHBought
21 Aug 2026BRKRBought
22 May 2026WFRDBought
22 May 2026PRMBBought
22 May 2026ONBought
22 May 2026GILBought
22 May 2026BTDRBought
22 May 2026AKAMBought
20 Feb 2026REZIBought
20 Feb 2026LYVBought
20 Feb 2026HUTBought
20 Feb 2026ECHOBought
20 Feb 2026CVNABought
21 Nov 2025SGIBought
21 Nov 2025PFGCBought
21 Nov 2025FIGRBought
21 Nov 2025ADMABought
15 Aug 2025VSTBought
15 Aug 2025KVUEBought
15 Aug 2025HSICBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WFRDSold
21 Aug 2026ONSold
21 Aug 2026ECHOSold
21 Aug 2026CXMSold
21 Aug 2026COHRSold
21 Aug 2026AKAMSold
22 May 2026REZISold
22 May 2026LYVSold
22 May 2026KVUESold
22 May 2026HUTSold
22 May 2026GTMSold
22 May 2026CVSSold
22 May 2026ADMASold
20 Feb 2026SYFSold
20 Feb 2026SGISold
20 Feb 2026FIGRSold
20 Feb 2026ACHCSold
21 Nov 2025VSTSold
21 Nov 2025USFDSold
21 Nov 2025STXSold
21 Nov 2025NXTSold
21 Nov 2025NCNOSold
21 Nov 2025HSICSold
15 Aug 2025WDCSold
16 May 2025OKTASold

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