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Funds (13F)

Scge Management, L.P.

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

Watch this strategy
Return a year
+20.7%
S&P 500 +14.1%
Last 12 months
−10.5%
S&P 500 +12.1%
Sharpe ratio
0.70
S&P 500 0.78
Biggest drop
−71.8%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $120k$57.0k
Scge Management, L.P.S&P 500 $10,000 in Scge Management, L.P. 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 Scge 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.

Scge Management, L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+20.7%+14.1%
Total return+1104%+470%
Last 12 months−10.5%+12.1%
Last 3 months+0.8%—
Last month−12.9%—
This year so far−2.7%—
Volatility a year31.1%16.0%
Sharpe ratio0.700.78
Biggest drop−71.8%−31.8%
Beta to the S&P 5001.401.00
Alpha a year (t-statistic)+4.2% (0.71)—
Share of weeks up57%—

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
SPCX49.2%——
NVDA8.1%——
GOOGL6.8%——
AMZN4.4%——
MSFT4.0%——
ASML3.6%——
AVGO3.1%——
SNDK2.9%——
SE2.9%——
TSLA2.2%——
META2.1%——
NOW1.9%——
KLAR1.8%——
TTAN1.5%——
DASH1.4%——
AMD1.1%——
SNOW0.9%——
CIEN0.7%——
CPNG0.6%——
MPWR0.4%——
NET0.4%——

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+20.7%+14.1%0.700.78−71.8%1.40+4.2% (0.71)
2018 onwards5 Jan 2018 to 2 Nov 2026+16.4%+13.9%0.530.66−71.8%1.39+1.8% (0.23)
Last three years3 Nov 2023 to 2 Nov 2026+21.9%+21.8%0.691.16−33.0%1.64−7.6% (−0.88)
Last year7 Nov 2025 to 2 Nov 2026−5.5%+14.2%−0.190.84−26.4%1.92−24.5% (−1.41)
DateCompanyAction
21 Aug 2026SPCXBought
21 Aug 2026NETBought
21 Aug 2026MPWRBought
21 Aug 2026CPNGBought
21 Aug 2026CIENBought
21 Aug 2026AMDBought
22 May 2026SNDKBought
22 May 2026NTSKBought
20 Feb 2026ZBought
20 Feb 2026TSLABought
20 Feb 2026KLARBought
20 Feb 2026GOOGLBought
20 Feb 2026FIGBought
20 Feb 2026CVNABought
20 Feb 2026CRDOBought
20 Feb 2026ASMLBought
15 Aug 2025SPOTBought
15 Aug 2025SNOWBought
15 Aug 2025ORCLBought
15 Aug 2025MSFTBought
15 Aug 2025DTBought
15 Aug 2025DASHBought
15 Aug 2025CHYMBought
15 Aug 2025CDNSBought
21 Feb 2025TTANBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZSold
21 Aug 2026NTSKSold
21 Aug 2026FIGSold
21 Aug 2026CRDOSold
21 Aug 2026CHYMSold
21 Aug 2026CARTSold
22 May 2026CVNASold
20 Feb 2026TSMSold
20 Feb 2026SPOTSold
20 Feb 2026PANWSold
20 Feb 2026ORCLSold
20 Feb 2026NUSold
20 Feb 2026DTSold
20 Feb 2026CPNGSold
20 Feb 2026CDNSSold
15 Aug 2025TEAMSold
15 Aug 2025SHOPSold
15 Aug 2025RDDTSold
16 May 2025NFLXSold
16 May 2025MSFTSold
16 May 2025MNDYSold
16 May 2025MELISold
16 May 2025HUBSSold
16 May 2025FICOSold
16 May 2025CVNASold

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