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The scoreboard
Day 56 of the fund
Fund
S&P 500
Alpha
Since launch
-1.21%
-2.11%
+90 bps
Last day · Jul 24
+0.00%
+0.06%
▼ -6 bps
NAV $987.9K · target SPY + 500 bps/yr
Top contributor to excess since launch: V
+40 bps
Positions
Live book · 15 names
Contribution to excess vs S&P (active) — the bets driving the edge. Shown as active bps, with total-return bps in parentheses; the SPY core nets to ~0 active.
Top contributors
V
+40 bps
(+33 bps total · 11.1%)
BMY
+30 bps
(+24 bps total · 10.1%)
GIS
+17 bps
(+12 bps total · 6.5%)
Top detractors
GOOGL
-20 bps
(-25 bps total · -10.1%)
SPY
-18 bps
(-155 bps total · -2.4%)
PEP
-4 bps
(-7 bps total · -5.4%)
| Ticker |
Sector |
Weight |
Qty |
Avg cost |
Last |
MV |
Unrealized |
Realized |
Contrib total |
Active vs SPY |
|
SPY
SPDR S&P 500 ETF Trust
|
Index ETF |
64.97% |
869 |
$756.48 |
$738.59
|
$641.8K |
-$15.5K
-2.36%
|
-$4,813
|
-155 bps
|
-18 bps
|
|
V
Visa Inc.
|
Financials |
3.37% |
94 |
$320.34 |
$355.74
|
$33.3K |
$3,317
11.05%
|
—
|
+33 bps
|
+40 bps
|
|
BMY
Bristol-Myers Squibb Company
|
Health Care |
2.68% |
427 |
$56.40 |
$62.09
|
$26.5K |
$2,428
10.08%
|
—
|
+24 bps
|
+30 bps
|
|
HD
The Home Depot, Inc.
|
Consumer Discretionary |
2.59% |
77 |
$334.43 |
$332.98
|
$25.6K |
-$112
-0.43%
|
—
|
-1 bps
|
+4 bps
|
|
GS
The Goldman Sachs Group, Inc.
|
Financials |
2.56% |
24 |
$1034.92 |
$1061.23
|
$25.3K |
$628
2.54%
|
—
|
+6 bps
|
+12 bps
|
|
SPGI
S&P Global Inc.
|
Financials |
2.52% |
58 |
$429.19 |
$426.40
|
$24.9K |
-$162
-0.65%
|
—
|
-2 bps
|
+4 bps
|
|
MSFT
Microsoft Corporation
|
Information Technology |
2.49% |
65 |
$383.84 |
$381.70
|
$24.6K |
-$138
-0.56%
|
—
|
-1 bps
|
+4 bps
|
|
ETN
Eaton Corporation PLC
|
Industrials |
2.48% |
61 |
$411.22 |
$404.07
|
$24.5K |
-$433
-1.74%
|
—
|
-4 bps
|
+1 bps
|
|
CME
CME Group Inc
|
Financials |
2.46% |
95 |
$263.19 |
$255.31
|
$24.3K |
-$749
-2.99%
|
—
|
-7 bps
|
-2 bps
|
|
FDX
FedEx Corporation
|
Industrials |
2.39% |
75 |
$324.35 |
$315.62
|
$23.6K |
-$654
-2.69%
|
—
|
-7 bps
|
-1 bps
|
|
GOOGL
Alphabet Inc. Class A
|
Communication Services |
2.25% |
70 |
$355.52 |
$319.74
|
$22.3K |
-$2,490
-10.06%
|
—
|
-25 bps
|
-20 bps
|
|
XOM
Exxon Mobil Corporation
|
Energy |
2.14% |
135 |
$148.56 |
$156.93
|
$21.1K |
$1,127
5.63%
|
—
|
+11 bps
|
+16 bps
|
|
GIS
General Mills Inc
|
Consumer Staples |
2.08% |
569 |
$33.84 |
$36.03
|
$20.5K |
$1,246
6.47%
|
—
|
+12 bps
|
+17 bps
|
|
GILD
Gilead Sciences Inc
|
Health Care |
1.97% |
151 |
$128.62 |
$129.31
|
$19.5K |
$104
0.54%
|
—
|
+1 bps
|
+5 bps
|
|
PEP
PepsiCo, Inc.
|
Consumer Staples |
1.24% |
90 |
$144.42 |
$136.64
|
$12.3K |
-$699
-5.39%
|
-$197
|
-7 bps
|
-4 bps
|
Sector exposure vs S&P 500
Portfolio sector weights — the SPY holding looked through to its underlying sectors — against the benchmark. The tilt is the active over/underweight: how the committee is positioning away from the index. Contrib is the basis points each sector has added to the fund's return since launch.
| Sector |
Portfolio |
S&P 500 |
Tilt |
Contrib total |
Active vs SPY |
Underweight ◀ ▶ Overweight |
| Financials |
19.4% |
13.0% |
+6.4 |
+10 bps |
+51 bps |
|
| Industrials |
10.1% |
8.0% |
+2.1 |
-23 bps |
-2 bps |
|
| Consumer Staples |
7.2% |
6.0% |
+1.2 |
-4 bps |
+11 bps |
|
| Health Care |
11.8% |
11.0% |
+0.8 |
+8 bps |
+33 bps |
|
| Energy |
4.7% |
4.0% |
+0.7 |
+5 bps |
+15 bps |
|
| Materials |
1.3% |
2.0% |
-0.7 |
-3 bps |
-0 bps |
|
| Real Estate |
1.3% |
2.0% |
-0.7 |
-3 bps |
-0 bps |
|
| Communication Services |
8.1% |
9.0% |
-0.9 |
-39 bps |
-22 bps |
|
| Utilities |
1.9% |
3.0% |
-1.1 |
-5 bps |
-1 bps |
|
| Consumer Discretionary |
9.7% |
11.0% |
-1.3 |
-18 bps |
+2 bps |
|
| Information Technology |
22.6% |
31.0% |
-8.4 |
-50 bps |
-2 bps |
|
Recent trades
| Time | Ticker | Side | Qty | Price | Slippage | Realized |
| 1 day ago |
SPY |
SELL |
1 |
$747.54 |
6.90 bps |
-$9.88
|
| 1 day ago |
HD |
BUY |
3 |
$324.74 |
6.52 bps |
—
|
| 4 days ago |
SPY |
SELL |
34 |
$742.45 |
6.91 bps |
-$471
|
| 4 days ago |
HD |
BUY |
74 |
$334.77 |
5.24 bps |
—
|
| 8 days ago |
SPY |
SELL |
13 |
$754.01 |
6.84 bps |
-$31.12
|
| 8 days ago |
GILD |
BUY |
71 |
$133.54 |
6.13 bps |
—
|
| 15 days ago |
SPY |
SELL |
33 |
$744.51 |
6.25 bps |
-$398
|
| 15 days ago |
GOOGL |
BUY |
70 |
$355.52 |
3.28 bps |
—
|
| 18 days ago |
SPY |
SELL |
33 |
$744.40 |
5.10 bps |
-$402
|
| 18 days ago |
MSFT |
BUY |
65 |
$383.84 |
3.32 bps |
—
|
| 22 days ago |
SPY |
SELL |
33 |
$745.06 |
6.77 bps |
-$379
|
| 22 days ago |
GS |
BUY |
24 |
$1034.92 |
6.36 bps |
—
|
| 25 days ago |
SPY |
SELL |
0 |
$730.83 |
6.00 bps |
-$0.47
|
| 25 days ago |
FDX |
BUY |
0 |
$323.69 |
5.20 bps |
—
|
| 29 days ago |
SPY |
SELL |
33 |
$732.54 |
5.92 bps |
-$794
|
| 29 days ago |
FDX |
BUY |
75 |
$324.35 |
5.49 bps |
—
|
| 1 month ago |
SPY |
SELL |
0 |
$746.36 |
5.10 bps |
-$0.64
|
| 1 month ago |
GILD |
BUY |
0 |
$124.17 |
5.93 bps |
—
|
| 1 month ago |
SPY |
SELL |
13 |
$740.85 |
5.86 bps |
-$207
|
| 1 month ago |
GILD |
BUY |
79 |
$124.21 |
5.54 bps |
—
|
Pricing & distributions. Holdings are marked at the
split- and dividend-adjusted close, so dividends and other distributions are
captured in total return through the adjusted price series rather than
booked as a separate cash line — when a name we hold pays a dividend, it shows
up in that name's return, not as a jump in cash. NAV and performance are
therefore total-return figures, on the same basis as the S&P 500 benchmark
(also total return), so the comparison is apples-to-apples. Paper portfolio;
no distributions are actually received.
Intraday. While the NY session is open the Last
column and the Today move update from EODHD quotes that are delayed
~15 minutes — indicative only. The official mark is the 4 pm ET
adjusted close.