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Funds (13F)

Steadfast Capital Management LP

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

Watch this strategy
Return a year
+11.9%
S&P 500 +14.1%
Last 12 months
+4.3%
S&P 500 +12.1%
Sharpe ratio
0.57
S&P 500 0.78
Biggest drop
−39.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$44.2k
StrategyS&P 500 $10,000 in Steadfast Capital Management LP 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 Steadfast 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.

Steadfast Capital Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.9%+14.1%
Total return+342%+470%
Last 12 months+4.3%+12.1%
Last 3 months−1.1%—
Last month+0.9%—
This year so far+2.1%—
Volatility a year19.8%16.0%
Sharpe ratio0.570.78
Biggest drop−39.6%−31.8%
Beta to the S&P 5001.121.00
Alpha a year (t-statistic)−2.8% (−1.19)—
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
COST6.8%——
AMZN5.5%——
SGI5.2%——
DKS4.4%——
LYV4.0%——
HUM3.8%——
WMT3.6%——
HD3.6%——
PLNT3.4%——
VRSK3.1%——
SPHR3.0%——
NVDA2.9%——
CLH2.8%——
CNK2.7%——
RACE2.2%——
COF2.0%——
BE2.0%——
HUT1.9%——
MSCI1.9%——
USFD1.7%——
RRX1.6%——
FTAI1.6%——
SN1.5%——
STM1.4%——
TSM1.4%——
SNOW1.4%——
GOOGL1.3%——
ECHO1.3%——
BRKR1.2%——
SEI1.2%——
FND1.2%——
FLG1.1%——
AVGO1.0%——
BTDR1.0%——
AS1.0%——
CPAY0.9%——
COHR0.9%——
MSGS0.9%——
CSCO0.8%——
DKNG0.8%——
SPCX0.8%——
FLS0.7%——
KNX0.7%——
VRSN0.7%——
LITE0.6%——
U0.6%——
ADI0.5%——
PFGC0.5%——
AXON0.4%——
FRMI0.4%——
UNH0.4%——
SBAC0.4%——
SPOT0.3%——
FSLR0.3%——
META0.3%——
RCL0.3%——
URBN0.3%——
FDXF0.3%——
CCL0.2%——
AIG0.2%——
RKT0.2%——
MHK0.2%——
HLT0.1%——
JHX0.1%——
PII0.1%——
DPC0.1%——
FRVO0.1%——
CBRS0.1%——
EMPD0.1%——
CIFR0.1%——
KEEL0.1%——
CVNA0.1%——
AVX0.1%——
QNT0.1%——
ZONE0.1%——
FPS0.1%——
EROC0.0%——
LFTO0.0%——

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+11.9%+14.1%0.570.78−39.6%1.12−2.8% (−1.19)
2018 onwards5 Jan 2018 to 2 Nov 2026+10.9%+13.9%0.460.66−39.6%1.10−3.1% (−1.04)
Last three years3 Nov 2023 to 2 Nov 2026+18.5%+21.8%0.821.16−21.8%1.05−3.1% (−0.60)
Last year7 Nov 2025 to 2 Nov 2026+5.3%+14.2%0.160.84−16.3%0.99−7.5% (−0.74)
DateCompanyAction
21 Aug 2026VRSNBought
21 Aug 2026VRSKBought
21 Aug 2026URBNBought
21 Aug 2026UNHBought
21 Aug 2026UBought
21 Aug 2026STMBought
21 Aug 2026SPCXBought
21 Aug 2026SNOWBought
21 Aug 2026SEIBought
21 Aug 2026SBACBought
21 Aug 2026RRXBought
21 Aug 2026RKTBought
21 Aug 2026RACEBought
21 Aug 2026QNTBought
21 Aug 2026MSGSBought
21 Aug 2026METABought
21 Aug 2026LFTOBought
21 Aug 2026KEELBought
21 Aug 2026HUTBought
21 Aug 2026HUMBought
21 Aug 2026HLTBought
21 Aug 2026FTAIBought
21 Aug 2026FSLRBought
21 Aug 2026FRVOBought
21 Aug 2026FRMIBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026XPOSold
21 Aug 2026UBERSold
21 Aug 2026TXRHSold
21 Aug 2026SYYSold
21 Aug 2026SVIASold
21 Aug 2026SHOPSold
21 Aug 2026RMBSSold
21 Aug 2026PTONSold
21 Aug 2026NETSold
21 Aug 2026NDAQSold
21 Aug 2026LINSold
21 Aug 2026KGSSold
21 Aug 2026INTUSold
21 Aug 2026HDBSold
21 Aug 2026FERGSold
21 Aug 2026EXPESold
21 Aug 2026DOCNSold
21 Aug 2026CNRSold
21 Aug 2026CMGSold
21 Aug 2026CIENSold
21 Aug 2026CBOESold
21 Aug 2026APPSold
21 Aug 2026AMRSold
21 Aug 2026AMATSold
21 Aug 2026ADSKSold

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