BloombergSen Inc.
"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.
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 17 quarters, returned +3.9% per quarter — versus +5.3% per quarter from simply owning every 13F stock. It beat that baseline in only 58.8% of quarters (excess t = 0.55, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 27 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| HCA | $117M | | TRIM |
| PGR | $107M | | TRIM |
| CPAY | $95M | | TRIM |
| AON | $82M | | TRIM |
| PNFP | $67M | | TRIM |
| SUNB | $66M | | NEW |
| BKNG | $65M | | TRIM |
| CIGI | $60M | | TRIM |
| HURN | $56M | | ADD |
| WRB | $44M | | TRIM |
| NOW | $38M | | NEW |
| CBZ | $27M | | TRIM |
| UNH | $18M | | TRIM |
| CI | $17M | | TRIM |
| W | $6M | | ADD |
| CVNA | $5M | | ADD |
| FA | $5M | | ADD |
| TDUP | $4M | | ADD |
| UBER | $3M | | ADD |
| DASH | $2M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
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.