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BIG MONEY · COPY-TRADE BACKTEST
If You Copied Third Point (Dan Loeb)
Institutional fund · 13F filer
Every position below enters at the close on the disclosure date — the first day this was public — never the underlying trade date. A fund’s 13F only reveals a position once a quarter; the entry used here is the quarter’s report date, and the real public filing can trail that date by up to 45 days — see the caveat below.
See the disclosed holdings this is built fromCopying 15 disclosed buys since Jun 30, equal-weighted, held to 2026-09-06
−12.1%
Copy-trade return · 15 positions
+2.9%
S&P 500, same windows
−15.0%
Vs. index
Positions
| Ticker | Disclosed | Entry | Last | Return | Index, same window |
|---|---|---|---|---|---|
| EROC | Jun 30 | Jun 30 @ $14.50 | Sep 4 @ $12.33 | −15.0% | +2.9% |
| WBD | Jun 30 | Jun 30 @ $26.66 | Sep 4 @ $28.25 | +6.0% | +2.9% |
| LAR | Jun 30 | Jun 30 @ $8.27 | Sep 4 @ $6.79 | −17.9% | +2.9% |
| WOLF | Jun 30 | Jun 30 @ $48.25 | Sep 4 @ $28.35 | −41.2% | +2.9% |
| APLD | Jun 30 | Jun 30 @ $37.30 | Sep 4 @ $26.37 | −29.3% | +2.9% |
| KEYS | Jun 30 | Jun 30 @ $350.07 | Sep 4 @ $327.21 | −6.5% | +2.9% |
| XYZ | Jun 30 | Jun 30 @ $76.00 | Sep 4 @ $82.76 | +8.9% | +2.9% |
| FLEX | Jun 30 | Jun 30 @ $162.07 | Sep 4 @ $109.51 | −32.4% | +2.9% |
| TTMI | Jun 30 | Jun 30 @ $187.02 | Sep 4 @ $125.60 | −32.8% | +2.9% |
| PFGC | Jun 30 | Jun 30 @ $111.79 | Sep 4 @ $98.63 | −11.8% | +2.9% |
| GOOGL | Jun 30 | Jun 30 @ $357.37 | Sep 4 @ $338.46 | −5.3% | +2.9% |
| SYY | Jun 30 | Jun 30 @ $83.58 | Sep 4 @ $80.05 | −4.2% | +2.9% |
| ARES | Jun 30 | Jun 30 @ $111.31 | Sep 4 @ $140.15 | +25.9% | +2.9% |
| GOOGL | Jun 30 | Jun 30 @ $357.37 | Sep 4 @ $338.46 | −5.3% | +2.9% |
| RIOT | Jun 30 | Jun 30 @ $27.38 | Sep 4 @ $21.80 | −20.4% | +2.9% |
How to read this
- Entry is the close on (or the next trading day after) the disclosure date, never the underlying trade date — the whole point is honesty about when the public could actually act.
- Price return only — dividends are excluded on both sides (the backtest and the index), which understates total return, especially for dividend payers.
- Equal-weighted: every disclosed buy counts the same regardless of the actual dollar size of the trade or position.
- Buys only — disclosed sells are not mirrored or subtracted; this tracks "what if you bought and held," not the entity's actual net position over time.
- For funds, "disclosure date" is the quarter's report date, not the actual 13F filing date — real 13F filings can post up to 45 days after quarter-end, so a stricter forward-honest entry would be later than what's shown here (likely flattering the fund's copy-trade return somewhat).
- Past performance isn't predictive of future results. Not investment advice.