The Cohorts · Quarterly vintage
Inception 2025-10-01 · 0.8 years held
Q4 2025 · Top 20.
On 2025-10-01, these 20 businesses were the 20most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q4 2025 · Top 20 · since inception
+11.0%
CAGR 13.2% annualised
S&P 500 · since inception
+16.3%
CAGR 19.7% annualised
Spread
-5.3%
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 | $47.00 | $288.62 | +520.1% | $55.09 | +17.2% | +0.9% | Read → |
| 2 | BAC | $49.88 | $296.15 | +483.3% | $62.90 | +26.1% | +1.3% | Read → |
| 3 | CVX | $150.02 | $670.17 | +344.7% | $190.40 | +26.9% | +1.3% | Read → |
| 4 | CAT | $476.53 | $2,073.40 | +338.5% | $876.54 | +83.9% | +4.2% | Read → |
| 5 | WMT | $101.35 | $421.32 | +318.9% | $111.55 | +10.1% | +0.5% | Read → |
| 6 | JPM | $304.88 | $1,176.78 | +280.2% | $357.52 | +17.3% | +0.9% | Read → |
| 7 | UNH | $341.36 | $1,032.91 | +205.2% | $407.55 | +19.4% | +1.0% | Read → |
| 8 | GOOGL | $244.42 | $727.86 | +200.0% | $377.65 | +54.5% | +2.7% | Read → |
| 9 | ADBE | $343.72 | $1,058.19 | +196.7% | $257.49 | -25.1% | -1.3% | Read → |
| 10 | UNP | $230.96 | $678.40 | +191.7% | $296.35 | +28.3% | +1.4% | Read → |
| 11 | JNJ | $182.85 | $517.62 | +190.0% | $254.93 | +39.4% | +2.0% | Read → |
| 12 | META | $715.48 | $2,085.06 | +184.7% | $587.94 | -17.8% | -0.9% | Read → |
| 13 | LOW | $243.00 | $632.34 | +169.7% | $218.08 | -10.3% | -0.5% | Read → |
| 14 | V | $345.71 | $902.66 | +166.0% | $369.59 | +6.9% | +0.3% | Read → |
| 15 | PG | $148.80 | $392.90 | +163.2% | $148.01 | -0.5% | -0.0% | Read → |
| 16 | MA | $570.22 | $1,378.65 | +143.9% | $571.10 | +0.2% | +0.0% | Read → |
| 17 | PEP | $139.04 | $286.18 | +101.3% | $139.10 | +0.0% | +0.0% | Read → |
| 18 | MCD | $295.07 | $592.58 | +98.6% | $268.34 | -9.1% | -0.5% | Read → |
| 19 | NKE | $72.59 | $144.73 | +92.2% | $41.53 | -42.8% | -2.1% | Read → |
| 20 | MSFT | $516.44 | $981.31 | +90.7% | $492.81 | -4.6% | -0.2% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $476.53 → $876.54+83.9%
- GOOGL · $244.42 → $377.65+54.5%
- JNJ · $182.85 → $254.93+39.4%
Biggest detractors
Where the protocol got it wrong.
- NKE · $72.59 → $41.53-42.8%
- ADBE · $343.72 → $257.49-25.1%
- META · $715.48 → $587.94-17.8%