13F
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Anomaly Capital Management, LP

13F equity value
$1.7B
Positions
21
Top 10 concentration
71.9%
Quarters / total new picks
20 / 171
13F equity value over time
$0M$2B$3B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +0.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 25.0% of quarters (excess t = -1.30, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.3%
t-stat
-1.30
Quarterly win rate
25%
Annualized excess
-7.3%
$1 → follow vs universe
$0.94 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 0.98420210630: follow 1.18620210930: follow 0.98620211231: follow 0.81420220331: follow 0.83820220630: follow 0.88320220930: follow 0.94320221231: follow 0.94520230331: follow 1.02120230630: follow 0.97820230930: follow 1.13320231231: follow 1.09320240331: follow 1.00820240630: follow 1.03120240930: follow 0.94820241231: follow 0.87220250331: follow 0.91920250630: follow 0.92520250930: follow 1.01220251231: follow 0.940 0.75 1.10 1.45 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 21 · 2026 Q1

Ticker Value Weight QoQ
AMZN $284M
17.2%
TRIM
GIL $201M
12.1%
ADD
DHR $145M
8.8%
ADD
SHAK $90M
5.5%
NEW
CTVA $88M
5.3%
TRIM
PANW $85M
5.1%
TRIM
V $74M
4.5%
NEW
GOOGL $74M
4.5%
TRIM
Q $74M
4.5%
NEW
MTZ $72M
4.4%
NEW
ANET $71M
4.3%
NEW
GEHC $61M
3.7%
TRIM
PLD $53M
3.2%
TRIM
BIRK $51M
3.1%
NEW
LIN $51M
3.1%
NEW
AS $42M
2.5%
NEW
CHRW $36M
2.2%
NEW
W $35M
2.1%
NEW
CMG $32M
2.0%
ADD
VG $20M
1.2%
NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ANETASATIBIRKCHRWLINMTZQSHAKVVGW

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.