The Cohorts · Quarterly vintage
Inception 2025-07-01 · 1.2 years held
Q3 2025 · Top 20.
On 2025-07-01, these 20 businesses were the 20most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q3 2025 · Top 20 · since inception
+19.2%
CAGR 15.5% annualised
S&P 500 · since inception
+25.0%
CAGR 20.1% annualised
Spread
-5.8%
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 | $138.51 | $1,353.86 | +893.7% | $209.51 | +51.3% | +2.6% | Read → |
| 2 | OXY | $41.80 | $368.43 | +799.2% | $58.84 | +40.8% | +2.0% | Read → |
| 3 | BAC | $46.88 | $300.89 | +553.0% | $57.73 | +23.1% | +1.2% | Read → |
| 4 | UNH | $315.69 | $1,896.86 | +528.2% | $376.90 | +19.4% | +1.0% | Read → |
| 5 | CAT | $386.02 | $2,293.66 | +498.3% | $808.99 | +109.6% | +5.5% | Read → |
| 6 | GOOGL | $175.23 | $724.18 | +312.4% | $349.54 | +99.5% | +5.0% | Read → |
| 7 | JPM | $283.59 | $1,117.86 | +261.2% | $349.67 | +23.3% | +1.2% | Read → |
| 8 | LOW | $222.85 | $776.29 | +249.9% | $192.49 | -13.6% | -0.7% | Read → |
| 9 | WMT | $97.19 | $331.89 | +242.4% | $106.73 | +9.8% | +0.5% | Read → |
| 10 | META | $716.87 | $2,439.24 | +231.6% | $665.75 | -7.1% | -0.4% | Read → |
| 11 | UNP | $229.28 | $677.36 | +202.5% | $279.37 | +21.8% | +1.1% | Read → |
| 12 | JNJ | $151.37 | $412.27 | +178.0% | $269.99 | +78.4% | +3.9% | Read → |
| 13 | V | $352.03 | $951.47 | +170.6% | $368.29 | +4.6% | +0.2% | Read → |
| 14 | NKE | $70.70 | $151.34 | +161.1% | $35.51 | -49.8% | -2.5% | Read → |
| 15 | ADBE | $392.10 | $995.71 | +139.9% | $248.92 | -36.5% | -1.8% | Read → |
| 16 | KO | $69.28 | $158.66 | +133.4% | $88.25 | +27.4% | +1.4% | Read → |
| 17 | PEP | $128.73 | $268.68 | +115.7% | $129.75 | +0.8% | +0.0% | Read → |
| 18 | MA | $560.36 | $1,202.43 | +115.6% | $565.24 | +0.9% | +0.0% | Read → |
| 19 | MCD | $288.39 | $608.43 | +114.8% | $248.24 | -13.9% | -0.7% | Read → |
| 20 | PG | $155.55 | $326.61 | +112.5% | $146.39 | -5.9% | -0.3% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $386.02 → $808.99+109.6%
- GOOGL · $175.23 → $349.54+99.5%
- JNJ · $151.37 → $269.99+78.4%
Biggest detractors
Where the protocol got it wrong.
- NKE · $70.70 → $35.51-49.8%
- ADBE · $392.10 → $248.92-36.5%
- MCD · $288.39 → $248.24-13.9%