Momentum

momentum · 8/6/2026 12:52 AM CT · inside its mandate
NAV / unit
100.1681
Return
+0.17%
Value
$100,168.13
Cash
5.0%
Positions
15
Max drawdown
+0.00%
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
Stocks that have outperformed over the last 3 to 12 months keep outperforming for a while longer. Buy strength, not value.
Lineage
Jegadeesh and Titman (1993); the cross-sectional momentum factor.
The regime that kills it
Sharp reversals. Momentum crashes hardest coming off a market bottom, when the previous losers rip and the winners lag for months.

How it decides

Decision inputs
12-1 month momentum rank; halved below the 200-day average
Cadence
Reconsiders every 30 days; holds 15 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
cashMinPct5.010.0 tuned
cashMaxPct15.020.0 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
CSCOTelecommunications6.37%122.56+0.82%Momentum: ranked 6 of 52 on Momentum (score 90.2)
LLYHealth Care6.36%1,178.37+0.68%Momentum: ranked 8 of 52 on Momentum (score 86.3)
GOOGLTechnology6.36%364.67+0.57%Momentum: ranked 4 of 52 on Momentum (score 94.1)
AAPLTechnology6.35%312.50+0.43%Momentum: ranked 10 of 52 on Momentum (score 82.3)
CATIndustrials6.34%874.20+0.31%Momentum: ranked 3 of 52 on Momentum (score 96.1)
GSFinance6.34%1,064.00+0.29%Momentum: ranked 12 of 52 on Momentum (score 78.4)
UNHHealth Care6.34%414.00+0.25%Momentum: ranked 5 of 52 on Momentum (score 92.2)
TXNTechnology6.33%278.10+0.09%Momentum: ranked 7 of 52 on Momentum (score 88.2)
BACFinance6.33%63.35+0.11%Momentum: ranked 16 of 52 on Momentum (score 70.6) (replacing a refused pick)
XOMEnergy6.32%151.75+0.03%Momentum: ranked 14 of 52 on Momentum (score 74.5)
ABBVHealth Care6.31%246.16-0.07%Momentum: ranked 17 of 52 on Momentum (score 68.6) (replacing a refused pick)
JNJHealth Care6.31%257.37-0.14%Momentum: ranked 11 of 52 on Momentum (score 80.4)
MRKHealth Care6.31%128.17-0.18%Momentum: ranked 9 of 52 on Momentum (score 84.3)
INTCTechnology6.31%100.90-0.21%Momentum: ranked 1 of 52 on Momentum (score 100.0)
AMDTechnology6.31%481.16-0.23%Momentum: ranked 2 of 52 on Momentum (score 98.0)

Recent trades

IDDateAction TickerNotionalRationale
T-00172026-08-05ENTRYABBV$6,329.79Momentum: ranked 17 of 52 on Momentum (score 68.6) (replacing a refused pick)
T-00162026-08-05EXITABBV$6,323.87Momentum: no longer ranks in the target portfolio
T-00152026-08-05ENTRYABBV$6,330.19Momentum: ranked 17 of 52 on Momentum (score 68.6) (replacing a refused pick)
T-00142026-08-05ENTRYBAC$6,330.39Momentum: ranked 16 of 52 on Momentum (score 70.6) (replacing a refused pick)
T-00132026-08-05ENTRYXOM$6,330.60Momentum: ranked 14 of 52 on Momentum (score 74.5)
T-00122026-08-05ENTRYGS$6,330.80Momentum: ranked 12 of 52 on Momentum (score 78.4)
T-00112026-08-05ENTRYJNJ$6,331.00Momentum: ranked 11 of 52 on Momentum (score 80.4)
T-00102026-08-05ENTRYAAPL$6,331.20Momentum: ranked 10 of 52 on Momentum (score 82.3)
T-00092026-08-05ENTRYMRK$6,331.40Momentum: ranked 9 of 52 on Momentum (score 84.3)
T-00082026-08-05ENTRYLLY$6,331.60Momentum: ranked 8 of 52 on Momentum (score 86.3)
T-00072026-08-05ENTRYTXN$6,331.80Momentum: ranked 7 of 52 on Momentum (score 88.2)
T-00062026-08-05ENTRYCSCO$6,332.00Momentum: ranked 6 of 52 on Momentum (score 90.2)
T-00052026-08-05ENTRYUNH$6,332.20Momentum: ranked 5 of 52 on Momentum (score 92.2)
T-00042026-08-05ENTRYGOOGL$6,332.40Momentum: ranked 4 of 52 on Momentum (score 94.1)
T-00032026-08-05ENTRYCAT$6,332.60Momentum: ranked 3 of 52 on Momentum (score 96.1)