No. of Recommendations: 0
Years ago, there was a value manager who ran 33, equally-weighted positions and was always fully invested.
To buy something, he had to sell something. Borrowing on that idea, someone --whose name doesn't matter--
recently rolled out a S/M cap growth fund.
Due to hot-housing before launch and the fact of a bit of cash due to having only 32 positions,
the current weights aren't quite 33.3% each. But they're close enough. So, this becomes the question:
"How much out-performance is possible if the fund's holdings are trading on their individual merits,
given that the sponsors of the fund are notoriously bad at market timing?"
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1 AAXN 2.39% 61.32
2 AKCA 2.23% 23.18
3 ALRM 2.44% 45.35
4 BEAT 2.50% 61.69
5 CLSD 1.42% 6.09
6 EDIT 1.42% 27.26
7 EVBG 3.93% 51.98
8 FOXF 2.22% 63.76
9 GMED 2.61% 53.97
10 HQY 2.99% 94.67
11 INGN 2.67% 198.15
12 IONS 3.03% 51.86
13 IRTC 2.25% 82.14
14 JBT 2.89% 90.42
15 JLL 3.85% 137.58
16 LASR 5.03% 18.82
17 LSTR 2.80% 102.64
18 MGEN 1.20% 4.58
19 NMRK 4.04% 10.07
20 NUVA 2.72% 57.17
21 ONCE 2.59% 47.66
22 PCTY 4.76% 66.29
23 PEN 2.81% 141.02
24 PRLB 2.60% 123.61
25 QTWO 2.94% 3.23
26 SHAK 3.53% 54.91
27 SMAR 2.88% 24.81
28 STAG 2.92% 26.42
29 TDOC 4.75% 69.4
30 TREX 3.48% 64.56
31 WSO 4.34% 150.47
32 ZUO 2.85% 20.56
Cash 4.94%
100.02%
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If the link is a typical chart, beating those fools will be like shooting fish in a barrel. http://schrts.co/Y9hpqF