The Cohorts · Quarterly vintage
Inception 2023-10-01 · 2.7 years held
Q4 2023 · Top 20.
On 2023-10-01, these 20 businesses were the 20most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q4 2023 · Top 20 · since inception
+57.1%
CAGR 18.1% annualised
S&P 500 · since inception
+80.8%
CAGR 24.3% annualised
Spread
-23.7%
This cohort has trailed the index.
Other cohorts at the same inception
The constituents.
Ranked, on the inception date, by Δ% to intrinsic value. Each holding is equal-weighted at 5.0% of the portfolio.
| Rank | Ticker | Entry price | Entry IV | Entry Δ% | Current price | Return | Contribution | |
|---|---|---|---|---|---|---|---|---|
| 1 | CVX | $148.19 | $1,425.97 | +886.2% | $173.63 | +17.2% | +0.9% | Read → |
| 2 | OXY | $59.24 | $417.03 | +556.2% | $51.82 | -12.5% | -0.6% | Read → |
| 3 | JPM | $135.19 | $1,242.91 | +555.5% | $325.22 | +140.6% | +7.0% | Read → |
| 4 | BAC | $24.97 | $203.41 | +471.0% | $56.20 | +125.0% | +6.3% | Read → |
| 5 | GOOGL | $132.99 | $879.03 | +470.3% | $368.03 | +176.7% | +8.8% | Read → |
| 6 | PG | $135.17 | $760.25 | +402.2% | $150.38 | +11.3% | +0.6% | Read → |
| 7 | META | $304.15 | $2,447.12 | +401.9% | $577.22 | +89.8% | +4.5% | Read → |
| 8 | CAT | $260.99 | $1,688.64 | +378.6% | $985.82 | +277.7% | +13.9% | Read → |
| 9 | JNJ | $143.17 | $671.37 | +354.0% | $228.39 | +59.5% | +3.0% | Read → |
| 10 | AAPL | $171.58 | $716.14 | +321.8% | $298.01 | +73.7% | +3.7% | Read → |
| 11 | MCD | $241.46 | $778.02 | +193.0% | $278.61 | +15.4% | +0.8% | Read → |
| 12 | UNP | $190.56 | $664.22 | +187.2% | $256.88 | +34.8% | +1.7% | Read → |
| 13 | PEP | $153.43 | $427.19 | +169.7% | $142.02 | -7.4% | -0.4% | Read → |
| 14 | V | $226.48 | $729.59 | +166.7% | $327.24 | +44.5% | +2.2% | Read → |
| 15 | UNH | $486.20 | $1,139.30 | +144.4% | $400.96 | -17.5% | -0.9% | Read → |
| 16 | ABBV | $134.61 | $401.53 | +139.9% | $216.49 | +60.8% | +3.0% | Read → |
| 17 | KO | $51.20 | $135.25 | +135.8% | $79.39 | +55.1% | +2.8% | Read → |
| 18 | MSFT | $315.03 | $969.06 | +132.3% | $379.40 | +20.4% | +1.0% | Read → |
| 19 | NKE | $89.13 | $226.01 | +129.9% | $45.20 | -49.3% | -2.5% | Read → |
| 20 | MA | $389.50 | $920.62 | +95.0% | $489.79 | +25.7% | +1.3% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $260.99 → $985.82+277.7%
- GOOGL · $132.99 → $368.03+176.7%
- JPM · $135.19 → $325.22+140.6%
Biggest detractors
Where the protocol got it wrong.
- NKE · $89.13 → $45.20-49.3%
- UNH · $486.20 → $400.96-17.5%
- OXY · $59.24 → $51.82-12.5%