The Cohorts · Quarterly vintage
Inception 2025-04-01 · 1.2 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
+21.0%
CAGR 16.9% annualised
S&P 500 · since inception
+35.0%
CAGR 27.9% annualised
Spread
-14.0%
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 | $47.93 | $500.22 | +940.1% | $51.82 | +8.1% | +0.4% | Read → |
| 2 | CAT | $325.46 | $2,650.98 | +716.4% | $985.82 | +202.9% | +10.1% | Read → |
| 3 | BAC | $40.37 | $274.01 | +574.9% | $56.20 | +39.2% | +2.0% | Read → |
| 4 | GOOGL | $156.43 | $1,023.75 | +564.7% | $368.03 | +135.3% | +6.8% | Read → |
| 5 | META | $583.64 | $3,000.24 | +422.7% | $577.22 | -1.1% | -0.1% | Read → |
| 6 | JPM | $237.55 | $1,159.62 | +384.9% | $325.22 | +36.9% | +1.8% | Read → |
| 7 | CVX | $159.79 | $598.33 | +277.2% | $173.63 | +8.7% | +0.4% | Read → |
| 8 | UNH | $505.88 | $1,905.03 | +276.1% | $400.96 | -20.7% | -1.0% | Read → |
| 9 | UNP | $230.51 | $849.13 | +269.8% | $256.88 | +11.4% | +0.6% | Read → |
| 10 | LOW | $228.29 | $791.17 | +255.1% | $222.20 | -2.7% | -0.1% | Read → |
| 11 | JNJ | $148.24 | $552.69 | +244.5% | $228.39 | +54.1% | +2.7% | Read → |
| 12 | NKE | $62.61 | $253.08 | +231.2% | $45.20 | -27.8% | -1.4% | Read → |
| 13 | V | $343.07 | $1,133.70 | +226.6% | $327.24 | -4.6% | -0.2% | Read → |
| 14 | MSFT | $378.47 | $1,151.38 | +209.7% | $379.40 | +0.2% | +0.0% | Read → |
| 15 | PEP | $142.41 | $414.39 | +199.4% | $142.02 | -0.3% | -0.0% | Read → |
| 16 | MCD | $304.47 | $905.79 | +198.7% | $278.61 | -8.5% | -0.4% | Read → |
| 17 | WMT | $87.88 | $275.46 | +186.3% | $117.18 | +33.3% | +1.7% | Read → |
| 18 | MA | $544.43 | $1,434.71 | +163.7% | $489.79 | -10.0% | -0.5% | Read → |
| 19 | ADBE | $383.20 | $1,093.79 | +149.4% | $195.16 | -49.1% | -2.5% | Read → |
| 20 | KO | $69.40 | $168.54 | +148.0% | $79.39 | +14.4% | +0.7% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $325.46 → $985.82+202.9%
- GOOGL · $156.43 → $368.03+135.3%
- JNJ · $148.24 → $228.39+54.1%
Biggest detractors
Where the protocol got it wrong.
- ADBE · $383.20 → $195.16-49.1%
- NKE · $62.61 → $45.20-27.8%
- UNH · $505.88 → $400.96-20.7%