Equal Weight (control)

equalweight · 8/6/2026 12:52 AM CT · inside its mandate
NAV / unit
99.7465
Return
-0.25%
Value
$99,746.53
Cash
5.0%
Positions
20
Max drawdown
-0.20%
Today, pass by pass
8/6/2026 12:52 AM CT
NAV per unit, daily
Exposure
95% long · 0% short · 5% cash · net +95%

What this fund believes

Thesis
Believes nothing. Holds every eligible name at the same weight and rebalances rarely. Present so the active funds have something honest to beat.
Lineage
The passive benchmark. Most active strategies lose to it after costs.
The regime that kills it
Never fails on its own terms; it simply delivers the universe's return. It loses to any philosophy that genuinely works.

How it decides

Decision inputs
none -- deliberately. A hash of the ticker breaks ties
Cadence
Reconsiders every 90 days; holds 20 positions at target; refused buys fall through to the next-ranked name.
Universe
the shared 52-stock universe

Its mandate versus the base mandate

LimitThis fundBase mandate
maxSingleEquityPct8.07.0 tuned
maxSingleEtfPct5.05.0
maxSectorPct35.035.0
cashMinPct2.010.0 tuned
cashMaxPct12.020.0 tuned
minPositions1515
maxPositions3030
maxNonUsPct10.010.0
allowShortingTrueTrue
maxSingleShortPct4.04.0
maxGrossShortPct40.040.0
shortCollateralCoverage1.01.0
allowLeverageFalseFalse

Current holdings, and why each is held

TickerClass / sector WeightLastP&L Rationale recorded at entry
CSCOTelecommunications4.80%122.56+0.82%Equal Weight (control): ranked 7 of 52 on Equal Weight (control) (score 50.0)
AVGOTechnology4.79%421.35+0.68%Equal Weight (control): ranked 4 of 52 on Equal Weight (control) (score 50.0)
NVDATechnology4.79%220.70+0.62%Equal Weight (control): ranked 3 of 52 on Equal Weight (control) (score 50.0)
AAPLTechnology4.78%312.50+0.43%Equal Weight (control): ranked 1 of 52 on Equal Weight (control) (score 50.0)
COPEnergy4.78%115.49+0.34%Equal Weight (control): ranked 4 of 52 on Equal Weight (control) (score 50.9)
UNHHealth Care4.77%414.00+0.25%Equal Weight (control): ranked 3 of 52 on Equal Weight (control) (score 50.9)
BACFinance4.77%63.35+0.11%Equal Weight (control): ranked 1 of 52 on Equal Weight (control) (score 51.0)
XOMEnergy4.76%151.75+0.03%Equal Weight (control): ranked 5 of 52 on Equal Weight (control) (score 50.9)
KOConsumer Staples4.76%86.90+0.03%Equal Weight (control): ranked 21 of 52 on Equal Weight (control) (score 50.6) (replacing a refused pick)
HDConsumer Discretionary4.76%353.32+0.00%Equal Weight (control): ranked 18 of 52 on Equal Weight (control) (score 50.0)
MCDConsumer Discretionary4.76%273.88-0.10%Equal Weight (control): ranked 19 of 52 on Equal Weight (control) (score 50.0)
DISConsumer Discretionary4.76%101.69-0.12%Equal Weight (control): ranked 14 of 52 on Equal Weight (control) (score 50.0)
TTelecommunications4.75%23.04-0.14%Equal Weight (control): ranked 15 of 52 on Equal Weight (control) (score 50.0)
NFLXConsumer Discretionary4.75%74.11-0.18%Equal Weight (control): ranked 13 of 52 on Equal Weight (control) (score 50.0)
INTCTechnology4.75%100.90-0.21%Equal Weight (control): ranked 8 of 52 on Equal Weight (control) (score 50.0)
VZTelecommunications4.75%46.38-0.24%Equal Weight (control): ranked 16 of 52 on Equal Weight (control) (score 50.0)
MSFTTechnology4.74%485.65-0.42%Equal Weight (control): ranked 2 of 52 on Equal Weight (control) (score 50.0)
NKEConsumer Discretionary4.74%42.29-0.43%Equal Weight (control): ranked 20 of 52 on Equal Weight (control) (score 50.0)
ORCLTechnology4.69%142.16-1.59%Equal Weight (control): ranked 6 of 52 on Equal Weight (control) (score 50.0)
CRMTechnology4.52%183.15-5.14%Equal Weight (control): ranked 5 of 52 on Equal Weight (control) (score 50.0)

Recent trades

IDDateAction TickerNotionalRationale
T-00222026-08-05ENTRYKO$4,747.63Equal Weight (control): ranked 21 of 52 on Equal Weight (control) (score 50.6) (replacing a refused
T-00212026-08-05EXITAMZN$4,743.90Equal Weight (control): no longer ranks in the target portfolio
T-00202026-08-05ENTRYXOM$4,747.86Equal Weight (control): ranked 5 of 52 on Equal Weight (control) (score 50.9)
T-00192026-08-05ENTRYCOP$4,747.97Equal Weight (control): ranked 4 of 52 on Equal Weight (control) (score 50.9)
T-00182026-08-05ENTRYUNH$4,748.08Equal Weight (control): ranked 3 of 52 on Equal Weight (control) (score 50.9)
T-00172026-08-05ENTRYBAC$4,748.20Equal Weight (control): ranked 1 of 52 on Equal Weight (control) (score 51.0)
T-00162026-08-05ENTRYNKE$4,748.31Equal Weight (control): ranked 20 of 52 on Equal Weight (control) (score 50.0)
T-00152026-08-05ENTRYMCD$4,748.42Equal Weight (control): ranked 19 of 52 on Equal Weight (control) (score 50.0)
T-00142026-08-05ENTRYHD$4,748.53Equal Weight (control): ranked 18 of 52 on Equal Weight (control) (score 50.0)
T-00132026-08-05ENTRYAMZN$4,748.65Equal Weight (control): ranked 17 of 52 on Equal Weight (control) (score 50.0)
T-00122026-08-05ENTRYVZ$4,748.76Equal Weight (control): ranked 16 of 52 on Equal Weight (control) (score 50.0)
T-00112026-08-05ENTRYT$4,748.87Equal Weight (control): ranked 15 of 52 on Equal Weight (control) (score 50.0)
T-00102026-08-05ENTRYDIS$4,748.99Equal Weight (control): ranked 14 of 52 on Equal Weight (control) (score 50.0)
T-00092026-08-05ENTRYNFLX$4,749.10Equal Weight (control): ranked 13 of 52 on Equal Weight (control) (score 50.0)
T-00082026-08-05ENTRYINTC$4,749.21Equal Weight (control): ranked 8 of 52 on Equal Weight (control) (score 50.0)