The Cohorts · Quarterly vintage
Inception 2025-10-01 · 1.0 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
+22.1%
CAGR 23.0% annualised
S&P 500 · since inception
+15.2%
CAGR 15.7% annualised
Spread
+6.9%
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 | $46.79 | $274.36 | +492.2% | $58.84 | +25.8% | +2.6% | Read → |
| 2 | BAC | $49.62 | $281.44 | +457.2% | $57.73 | +16.3% | +1.6% | Read → |
| 3 | CVX | $148.72 | $623.78 | +317.5% | $209.51 | +40.9% | +4.1% | Read → |
| 4 | CAT | $476.53 | $1,967.18 | +316.0% | $808.99 | +69.8% | +7.0% | Read → |
| 5 | WMT | $101.11 | $399.58 | +298.2% | $106.73 | +5.6% | +0.6% | Read → |
| 6 | JPM | $304.88 | $1,117.86 | +261.2% | $349.67 | +14.7% | +1.5% | Read → |
| 7 | UNH | $339.27 | $981.39 | +191.8% | $376.90 | +11.1% | +1.1% | Read → |
| 8 | GOOGL | $244.26 | $690.67 | +184.9% | $349.54 | +43.1% | +4.3% | Read → |
| 9 | ADBE | $343.72 | $1,005.09 | +181.8% | $248.92 | -27.6% | -2.8% | Read → |
| 10 | UNP | $229.89 | $644.46 | +178.4% | $279.37 | +21.5% | +2.2% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $476.53 → $808.99+69.8%
- GOOGL · $244.26 → $349.54+43.1%
- CVX · $148.72 → $209.51+40.9%
Biggest detractors
Where the protocol got it wrong.
- ADBE · $343.72 → $248.92-27.6%