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Funds (13F)

Sona Asset Management (US) LLC

Backtest from 18 Feb 2022 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
−1.4%
S&P 500 +14.1%
Last 12 months
−0.5%
S&P 500 +12.1%
Sharpe ratio
0.05
S&P 500 0.63
Biggest drop
−55.4%
S&P 500 −20.5%
$10.0k$20.0k 20222023202420252026 $18.6k$9.3k
StrategyS&P 500 $10,000 in Sona Asset Management (US) LLC from 18 Feb 2022 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Sona Asset Management (US) 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.

Sona Asset Management (US) LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)−1.4%+14.1%
Total return−7%+86%
Last 12 months−0.5%+12.1%
Last 3 months−7.0%—
Last month−6.0%—
This year so far−0.4%—
Volatility a year38.7%16.2%
Sharpe ratio0.050.63
Biggest drop−55.4%−20.5%
Beta to the S&P 5001.381.00
Alpha a year (t-statistic)−12.2% (−0.83)—
Share of weeks up54%—

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
ECHO23.9%——
KYIV6.7%——
SHAZ6.5%——
AES5.0%——
RKT4.2%——
CHTR2.6%——
BORR2.6%——
VSAT2.5%——
BTDR2.3%——
IHRT1.8%——
CCC1.7%——
MANU1.6%——
GOOGL1.6%——
AMC1.4%——
DCH1.1%——
GDS1.1%——
NN1.1%——
CMCSA1.0%——
ROKU1.0%——
NSC1.0%——
DLR0.9%——
RVMD0.9%——
QGEN0.9%——
FLUT0.8%——
STUB0.8%——
GMRS0.7%——
MRVL0.7%——
BLCO0.7%——
SHOP0.7%——
CC0.6%——
RIOT0.6%——
BIII0.6%——
MDLN0.6%——
SNDK0.6%——
CIFR0.6%——
HUT0.5%——
NET0.5%——
TXNM0.5%——
ARCC0.5%——
NVDA0.5%——
BE0.5%——
FMC0.5%——
SOC0.5%——
IPXG0.5%——
CURB0.5%——
VSNT0.5%——
SVAQ0.5%——
CPB0.4%——
DDOG0.4%——
CZR0.4%——
PLMK0.4%——
WULF0.4%——
ENTG0.4%——
ALIS0.4%——
SPNT0.4%——
ARM0.4%——
SSAC0.4%——
MU0.4%——
AMAT0.4%——
IREN0.3%——
EQT0.3%——
COGT0.3%——
KEEL0.3%——
RACE0.3%——
GLXY0.3%——
P0.3%——
OKTA0.3%——
CRDO0.3%——
DAAQ0.3%——
SNOW0.3%——
TMUS0.3%——
HTZ0.3%——
TMO0.3%——
IRHO0.3%——
MKLY0.2%——
CLSK0.2%——
AAOI0.2%——
SLAB0.2%——
TXN0.2%——
TKR0.2%——
PBR0.2%——
GFS0.2%——
NTWO0.2%——
SCCO0.2%——
QMCO0.2%——
ALVO0.1%——
RMBS0.1%——
SXT0.1%——
UCTT0.1%——
MMTX0.1%——
WSTN0.1%——
LPBB0.1%——
BEAG0.1%——
INIO0.1%——
IHS0.1%——
NCLH0.1%——
IMSR0.1%——
INVZ0.0%——
MAC0.0%——
BTU0.0%——
AEVA0.0%——
OKLO0.0%——
THCH0.0%——
AVAT0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest18 Feb 2022 to 2 Nov 2026−1.4%+14.1%0.050.63−55.4%1.38−12.2% (−0.83)
Last three years3 Nov 2023 to 2 Nov 2026+8.9%+21.8%0.281.16−25.3%1.17−10.2% (−0.68)
Last year7 Nov 2025 to 2 Nov 2026+1.3%+14.2%−0.030.84−24.1%1.03−11.0% (−0.71)
DateCompanyAction
21 Aug 2026VSNTBought
21 Aug 2026VSATBought
21 Aug 2026UCTTBought
21 Aug 2026TXNMBought
21 Aug 2026TXNBought
21 Aug 2026TMUSBought
21 Aug 2026TMOBought
21 Aug 2026SXTBought
21 Aug 2026STUBBought
21 Aug 2026SSACBought
21 Aug 2026SPNTBought
21 Aug 2026SOCBought
21 Aug 2026SNOWBought
21 Aug 2026SHOPBought
21 Aug 2026SCCOBought
21 Aug 2026RVMDBought
21 Aug 2026ROKUBought
21 Aug 2026RMBSBought
21 Aug 2026RKTBought
21 Aug 2026RACEBought
21 Aug 2026OKTABought
21 Aug 2026NVDABought
21 Aug 2026NETBought
21 Aug 2026NCLHBought
21 Aug 2026MUBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026VOYGSold
21 Aug 2026TDAYSold
21 Aug 2026SNPSSold
21 Aug 2026OUSTSold
21 Aug 2026OBDCSold
21 Aug 2026NLYSold
21 Aug 2026MARASold
21 Aug 2026LITESold
21 Aug 2026GSATSold
21 Aug 2026GLWSold
21 Aug 2026FCXSold
21 Aug 2026ETSYSold
21 Aug 2026CORZSold
21 Aug 2026CIENSold
21 Aug 2026CCXISold
21 Aug 2026BABASold
21 Aug 2026AXONSold
21 Aug 2026AGNCSold
22 May 2026ZTSSold
22 May 2026WRBYSold
22 May 2026VRMSold
22 May 2026VISNSold
22 May 2026UNHSold
22 May 2026TXNMSold
22 May 2026TICSold

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