The Cohorts · Quarterly vintage
Inception 2025-04-01 · 1.5 years held
Q2 2025 · Top 20.
On 2025-04-01, these 20 businesses were the 20most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q2 2025 · Top 20 · since inception
+24.3%
CAGR 16.0% annualised
S&P 500 · since inception
+38.0%
CAGR 24.6% annualised
Spread
-13.7%
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 | OXY | $47.71 | $430.98 | +800.3% | $58.84 | +23.3% | +1.2% | Read → |
| 2 | CAT | $324.86 | $2,269.27 | +600.2% | $808.99 | +149.0% | +7.5% | Read → |
| 3 | BAC | $40.16 | $235.39 | +482.7% | $57.73 | +43.7% | +2.2% | Read → |
| 4 | GOOGL | $156.33 | $876.56 | +469.5% | $349.54 | +123.6% | +6.2% | Read → |
| 5 | META | $583.64 | $2,570.19 | +347.7% | $665.75 | +14.1% | +0.7% | Read → |
| 6 | JPM | $236.48 | $995.39 | +318.1% | $349.67 | +47.9% | +2.4% | Read → |
| 7 | CVX | $158.41 | $515.51 | +227.8% | $209.51 | +32.3% | +1.6% | Read → |
| 8 | UNH | $502.79 | $1,637.32 | +225.3% | $376.90 | -25.0% | -1.3% | Read → |
| 9 | LOW | $226.89 | $719.77 | +225.0% | $192.49 | -15.2% | -0.8% | Read → |
| 10 | UNP | $229.44 | $729.50 | +219.2% | $279.37 | +21.8% | +1.1% | Read → |
| 11 | JNJ | $147.52 | $474.48 | +197.2% | $269.99 | +83.0% | +4.2% | Read → |
| 12 | NKE | $61.96 | $218.71 | +189.3% | $35.51 | -42.7% | -2.1% | Read → |
| 13 | V | $342.43 | $971.59 | +180.4% | $368.29 | +7.6% | +0.4% | Read → |
| 14 | MSFT | $377.76 | $987.74 | +166.2% | $493.78 | +30.7% | +1.5% | Read → |
| 15 | PEP | $140.90 | $360.51 | +163.3% | $129.75 | -7.9% | -0.4% | Read → |
| 16 | MCD | $302.32 | $777.43 | +158.2% | $248.24 | -17.9% | -0.9% | Read → |
| 17 | WMT | $87.67 | $228.10 | +137.6% | $106.73 | +21.7% | +1.1% | Read → |
| 18 | MA | $543.51 | $1,229.10 | +126.3% | $565.24 | +4.0% | +0.2% | Read → |
| 19 | KO | $68.99 | $148.14 | +119.3% | $88.25 | +27.9% | +1.4% | Read → |
| 20 | ADBE | $383.20 | $945.76 | +115.7% | $248.92 | -35.0% | -1.8% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $324.86 → $808.99+149.0%
- GOOGL · $156.33 → $349.54+123.6%
- JNJ · $147.52 → $269.99+83.0%
Biggest detractors
Where the protocol got it wrong.
- NKE · $61.96 → $35.51-42.7%
- ADBE · $383.20 → $248.92-35.0%
- UNH · $502.79 → $376.90-25.0%