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Funds (13F)

Select Equity Group, L.P.

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

Watch this strategy
Return a year
+10.8%
S&P 500 +13.7%
Last 12 months
+5.3%
S&P 500 +12.1%
Sharpe ratio
0.52
S&P 500 0.75
Biggest drop
−37.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2014201620182020202220242026 $50.9k$36.7k
Select Equity Group, L.P.S&P 500 $10,000 in Select Equity Group, L.P. 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 Select Equity Group, 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.

Select Equity Group, L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+10.8%+13.7%
Total return+267%+409%
Last 12 months+5.3%+12.1%
Last 3 months+2.0%—
Last month+4.5%—
This year so far+1.7%—
Volatility a year19.3%16.2%
Sharpe ratio0.520.75
Biggest drop−37.7%−31.8%
Beta to the S&P 5001.101.00
Alpha a year (t-statistic)−3.2% (−1.46)—
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
VIK4.8%——
LYV4.4%——
SGI3.7%——
ITT3.7%——
WAB3.5%——
MKL3.5%——
MLM3.1%——
LH3.0%——
CRH2.6%——
TSM2.6%——
TDG2.5%——
ENTG2.4%——
NDAQ2.4%——
HUBB2.3%——
STE2.1%——
ALC2.1%——
CP2.0%——
V1.9%——
EME1.9%——
BWXT1.8%——
BRO1.7%——
CNM1.5%——
NVDA1.5%——
PKG1.4%——
TRMB1.4%——
SCI1.4%——
SPOT1.3%——
CPAY1.3%——
PAYX1.2%——
AMZN1.2%——
APH1.2%——
CLH1.2%——
CHRW1.1%——
SIG1.1%——
INTC1.1%——
ROL1.0%——
TMO0.9%——
CAE0.9%——
WDAY0.9%——
VRSK0.8%——
FWONK0.8%——
TSCO0.7%——
APO0.7%——
CRM0.7%——
MSFT0.7%——
CR0.7%——
SPGI0.5%——
MIDD0.5%——
TDY0.5%——
AVGO0.5%——
DSGX0.5%——
FNV0.5%——
JOE0.5%——
DKS0.4%——
ECL0.4%——
FTV0.4%——
CHEF0.4%——
LTH0.4%——
A0.4%——
QXO0.4%——
OSW0.3%——
CWST0.3%——
DHR0.3%——
ESE0.3%——
CSW0.3%——
FORM0.2%——
CDW0.2%——
KEX0.2%——
LIND0.2%——
USLM0.2%——
WSM0.2%——
MKC0.2%——
POOL0.2%——
SOLS0.2%——
CDRE0.2%——
SHOP0.2%——
ZWS0.2%——
FELE0.2%——
MYRG0.2%——
KAI0.2%——
FPS0.2%——
BMI0.2%——
MIR0.1%——
ECG0.1%——
LOAR0.1%——
ADEA0.1%——
ALKT0.1%——
ALH0.1%——
APG0.1%——
BOOT0.1%——
MCO0.1%——
MSCI0.1%——
OUT0.1%——
LAMR0.1%——
ALRM0.1%——
WINA0.1%——
UNP0.1%——
CARG0.1%——
WAY0.1%——
MRCY0.1%——
NKE0.1%——
GFS0.1%——
LQDT0.1%——
NP0.1%——
META0.1%——
LMAT0.1%——
TFX0.1%——
NIQ0.1%——
CDNL0.1%——
CLBT0.1%——
ARES0.1%——
GE0.1%——
ALLE0.1%——
OCTV0.1%——
FAF0.1%——
UBER0.1%——
MTD0.1%——
COHR0.1%——
HONA0.1%——
NPO0.1%——
ARXS0.1%——
NOVT0.1%——
MHK0.1%——
TRU0.0%——
AROC0.0%——
KRMN0.0%——
PTON0.0%——
DPC0.0%——
ROP0.0%——
PTLO0.0%——
FBIN0.0%——
GOOGL0.0%——
RBLX0.0%——
PII0.0%——
NET0.0%——
VFC0.0%——
BE0.0%——
ONON0.0%——

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+10.8%+13.7%0.520.75−37.7%1.10−3.2% (−1.46)
2018 onwards5 Jan 2018 to 2 Nov 2026+9.9%+13.9%0.420.66−37.7%1.11−4.1% (−1.47)
Last three years3 Nov 2023 to 2 Nov 2026+14.7%+21.8%0.641.16−18.5%0.97−5.0% (−0.93)
Last year7 Nov 2025 to 2 Nov 2026+6.6%+14.2%0.250.84−10.6%0.69−3.6% (−0.34)
DateCompanyAction
21 Aug 2026SOLSBought
21 Aug 2026ROPBought
21 Aug 2026POOLBought
21 Aug 2026OCTVBought
21 Aug 2026NPOBought
21 Aug 2026NOVTBought
21 Aug 2026MKCBought
21 Aug 2026MHKBought
21 Aug 2026LTHBought
21 Aug 2026HONABought
21 Aug 2026FAFBought
21 Aug 2026ECLBought
21 Aug 2026DPCBought
21 Aug 2026CDNLBought
21 Aug 2026ARXSBought
21 Aug 2026AROCBought
21 Aug 2026ALLEBought
22 May 2026VRSKBought
22 May 2026VFCBought
22 May 2026VEEVBought
22 May 2026TRUBought
22 May 2026TFXBought
22 May 2026TDGBought
22 May 2026SWKSBought
22 May 2026SAPBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WTMSold
21 Aug 2026VRRMSold
21 Aug 2026VEEVSold
21 Aug 2026TECHSold
21 Aug 2026SWKSSold
21 Aug 2026SSDSold
21 Aug 2026SPSCSold
21 Aug 2026SAPSold
21 Aug 2026QCOMSold
21 Aug 2026PWRSold
21 Aug 2026NOWSold
21 Aug 2026MORNSold
21 Aug 2026MLABSold
21 Aug 2026LSCCSold
21 Aug 2026LLYSold
21 Aug 2026KKRSold
21 Aug 2026IRDMSold
21 Aug 2026INTUSold
21 Aug 2026IDXXSold
21 Aug 2026GRMNSold
21 Aug 2026ERIISold
21 Aug 2026CTASSold
21 Aug 2026CSGPSold
21 Aug 2026CRDOSold
21 Aug 2026CNHSold

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