The Cohorts · Quarterly vintage
Inception 2025-10-01 · 0.8 years held
Q4 2025 · Top 10.
On 2025-10-01, these 10 businesses were the 10most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q4 2025 · Top 10 · since inception
+25.9%
CAGR 31.4% annualised
S&P 500 · since inception
+16.3%
CAGR 19.7% annualised
Spread
+9.5%
This cohort has beaten 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 10.0% of the portfolio.
| Rank | Ticker | Entry price | Entry IV | Entry Δ% | Current price | Return | Contribution | |
|---|---|---|---|---|---|---|---|---|
| 1 | OXY | $47.00 | $288.62 | +520.1% | $55.09 | +17.2% | +1.7% | Read → |
| 2 | BAC | $49.88 | $296.15 | +483.3% | $62.90 | +26.1% | +2.6% | Read → |
| 3 | CVX | $150.02 | $670.17 | +344.7% | $190.40 | +26.9% | +2.7% | Read → |
| 4 | CAT | $476.53 | $2,073.40 | +338.5% | $876.54 | +83.9% | +8.4% | Read → |
| 5 | WMT | $101.35 | $421.32 | +318.9% | $111.55 | +10.1% | +1.0% | Read → |
| 6 | JPM | $304.88 | $1,176.78 | +280.2% | $357.52 | +17.3% | +1.7% | Read → |
| 7 | UNH | $341.36 | $1,032.91 | +205.2% | $407.55 | +19.4% | +1.9% | Read → |
| 8 | GOOGL | $244.42 | $727.86 | +200.0% | $377.65 | +54.5% | +5.5% | Read → |
| 9 | ADBE | $343.72 | $1,058.19 | +196.7% | $257.49 | -25.1% | -2.5% | Read → |
| 10 | UNP | $230.96 | $678.40 | +191.7% | $296.35 | +28.3% | +2.8% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $476.53 → $876.54+83.9%
- GOOGL · $244.42 → $377.65+54.5%
- UNP · $230.96 → $296.35+28.3%
Biggest detractors
Where the protocol got it wrong.
- ADBE · $343.72 → $257.49-25.1%