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The scoreboard
Day 43 of the fund
Fund
S&P 500
Alpha
Since launch
-0.16%
+0.01%
-17 bps
Last day · Jul 10
+0.25%
+0.39%
▼ -14 bps
NAV $998.4K · target SPY + 500 bps/yr
Top contributor to excess since launch: V
+27 bps
Positions
Live book · 14 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
+27 bps
(+27 bps total · 8.9%)
GIS
+8 bps
(+8 bps total · 4.1%)
GS
+5 bps
(+5 bps total · 2.0%)
Top detractors
CME
-22 bps
(-22 bps total · -8.7%)
SPY
-18 bps
(-17 bps total · -0.2%)
XOM
-13 bps
(-13 bps total · -6.5%)
| Ticker |
Sector |
Weight |
Qty |
Avg cost |
Last |
MV |
Unrealized |
Realized |
Contrib total |
Active vs SPY |
|
SPY
SPDR S&P 500 ETF Trust
|
Index ETF |
69.25% |
916 |
$756.48 |
$754.63
|
$691.4K |
-$1,695
-0.24%
|
-$4,302
|
-17 bps
|
-18 bps
|
|
V
Visa Inc.
|
Financials |
3.27% |
94 |
$320.34 |
$348.97
|
$32.7K |
$2,683
8.94%
|
—
|
+27 bps
|
+27 bps
|
|
GS
The Goldman Sachs Group, Inc.
|
Financials |
2.52% |
24 |
$1034.92 |
$1055.97
|
$25.2K |
$502
2.03%
|
—
|
+5 bps
|
+5 bps
|
|
SPGI
S&P Global Inc.
|
Financials |
2.51% |
58 |
$429.19 |
$430.50
|
$25.1K |
$76.51
0.31%
|
—
|
+1 bps
|
+1 bps
|
|
MSFT
Microsoft Corporation
|
Information Technology |
2.49% |
65 |
$383.84 |
$385.10
|
$24.9K |
$81.47
0.33%
|
—
|
+1 bps
|
+1 bps
|
|
GOOGL
Alphabet Inc. Class A
|
Communication Services |
2.49% |
70 |
$355.52 |
$356.97
|
$24.8K |
$101
0.41%
|
—
|
+1 bps
|
+1 bps
|
|
ETN
Eaton Corporation PLC
|
Industrials |
2.47% |
61 |
$411.22 |
$407.28
|
$24.7K |
-$239
-0.96%
|
—
|
-2 bps
|
-2 bps
|
|
BMY
Bristol-Myers Squibb Company
|
Health Care |
2.46% |
427 |
$56.40 |
$57.58
|
$24.6K |
$502
2.08%
|
—
|
+5 bps
|
+5 bps
|
|
FDX
FedEx Corporation
|
Industrials |
2.36% |
75 |
$324.35 |
$314.69
|
$23.6K |
-$723
-2.98%
|
—
|
-7 bps
|
-7 bps
|
|
CME
CME Group Inc
|
Financials |
2.29% |
95 |
$263.19 |
$240.27
|
$22.8K |
-$2,178
-8.71%
|
—
|
-22 bps
|
-22 bps
|
|
GIS
General Mills Inc
|
Consumer Staples |
2.01% |
569 |
$33.84 |
$35.24
|
$20.1K |
$796
4.13%
|
—
|
+8 bps
|
+8 bps
|
|
XOM
Exxon Mobil Corporation
|
Energy |
1.87% |
135 |
$148.56 |
$138.88
|
$18.7K |
-$1,304
-6.52%
|
—
|
-13 bps
|
-13 bps
|
|
PEP
PepsiCo, Inc.
|
Consumer Staples |
1.23% |
90 |
$144.42 |
$137.38
|
$12.3K |
-$632
-4.88%
|
-$197
|
-6 bps
|
-6 bps
|
|
GILD
Gilead Sciences Inc
|
Health Care |
1.03% |
79 |
$124.21 |
$129.83
|
$10.3K |
$446
4.53%
|
—
|
+4 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 |
19.6% |
13.0% |
+6.6 |
+9 bps |
+8 bps |
|
| Industrials |
10.4% |
8.0% |
+2.4 |
-11 bps |
-11 bps |
|
| Consumer Staples |
7.4% |
6.0% |
+1.4 |
+1 bps |
+1 bps |
|
| Energy |
4.6% |
4.0% |
+0.6 |
-14 bps |
-14 bps |
|
| Health Care |
11.1% |
11.0% |
+0.1 |
+8 bps |
+7 bps |
|
| Communication Services |
8.7% |
9.0% |
-0.3 |
-1 bps |
-1 bps |
|
| Materials |
1.4% |
2.0% |
-0.6 |
-0 bps |
-0 bps |
|
| Real Estate |
1.4% |
2.0% |
-0.6 |
-0 bps |
-0 bps |
|
| Utilities |
2.1% |
3.0% |
-0.9 |
-1 bps |
-1 bps |
|
| Consumer Discretionary |
7.6% |
11.0% |
-3.4 |
-2 bps |
-2 bps |
|
| Information Technology |
24.0% |
31.0% |
-7.0 |
-4 bps |
-5 bps |
|
Recent trades
| Time | Ticker | Side | Qty | Price | Slippage | Realized |
| 3 days ago |
SPY |
SELL |
33 |
$744.51 |
6.25 bps |
-$398
|
| 3 days ago |
GOOGL |
BUY |
70 |
$355.52 |
3.28 bps |
—
|
| 6 days ago |
SPY |
SELL |
33 |
$744.40 |
5.10 bps |
-$402
|
| 6 days ago |
MSFT |
BUY |
65 |
$383.84 |
3.32 bps |
—
|
| 10 days ago |
SPY |
SELL |
33 |
$745.06 |
6.77 bps |
-$379
|
| 10 days ago |
GS |
BUY |
24 |
$1034.92 |
6.36 bps |
—
|
| 13 days ago |
SPY |
SELL |
0 |
$730.83 |
6.00 bps |
-$0.47
|
| 13 days ago |
FDX |
BUY |
0 |
$323.69 |
5.20 bps |
—
|
| 17 days ago |
SPY |
SELL |
33 |
$732.54 |
5.92 bps |
-$794
|
| 17 days ago |
FDX |
BUY |
75 |
$324.35 |
5.49 bps |
—
|
| 20 days ago |
SPY |
SELL |
0 |
$746.36 |
5.10 bps |
-$0.64
|
| 20 days ago |
GILD |
BUY |
0 |
$124.17 |
5.93 bps |
—
|
| 24 days ago |
SPY |
SELL |
13 |
$740.85 |
5.86 bps |
-$207
|
| 24 days ago |
GILD |
BUY |
79 |
$124.21 |
5.54 bps |
—
|
| 24 days ago |
PEP |
SELL |
77 |
$142.03 |
5.45 bps |
-$195
|
| 1 month ago |
SPY |
SELL |
27 |
$725.18 |
5.78 bps |
-$832
|
| 1 month ago |
GIS |
BUY |
569 |
$33.84 |
6.29 bps |
—
|
| 1 month ago |
SPY |
SELL |
33 |
$725.20 |
5.52 bps |
-$1,039
|
| 1 month ago |
BMY |
BUY |
427 |
$56.40 |
6.19 bps |
—
|
| 1 month ago |
PEP |
SELL |
8 |
$144.42 |
6.76 bps |
-$1.27
|
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.