13F
中
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EULAV Asset Management

13F equity value
$3.1B
Positions
133
Top 10 concentration
27.1%
Quarters / total new picks
31 / 203
13F equity value over time
$0M$2B$4B2017201820192020202120222023202420252026

"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 31 quarters, returned +3.3% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 48.4% of quarters (excess t = -0.24, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.7%
t-stat
-0.24
Quarterly win rate
48%
Annualized excess
-1.2%
$1 → follow vs universe
$1.83 vs $2.00
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520210331: universe 1.49820210630: universe 1.61820210930: universe 1.45220211231: universe 1.23620220331: universe 1.32720220630: universe 1.22920220930: universe 1.32120221231: universe 1.22720230331: universe 1.29220230630: universe 1.24620230930: universe 1.41420231231: universe 1.47820240331: universe 1.51120240630: universe 1.64820240930: universe 1.63420241231: universe 1.52520250331: universe 1.66220250630: universe 1.71520250930: universe 1.92820251231: universe 1.995 20180331: follow 1.10420180630: follow 0.93720180930: follow 1.03220181231: follow 0.98520190331: follow 0.95020190630: follow 0.88620190930: follow 1.00620191231: follow 0.89120200331: follow 1.07520200630: follow 1.31820200930: follow 1.66620210331: follow 1.45920210630: follow 1.14820210930: follow 1.15020211231: follow 0.82620220331: follow 0.92220220630: follow 0.82320220930: follow 0.95820221231: follow 0.85020230331: follow 0.90920230630: follow 0.83620230930: follow 0.92920231231: follow 1.30820240331: follow 1.28320240630: follow 1.45320240930: follow 1.39920241231: follow 1.30920250331: follow 1.21020250630: follow 1.78020250930: follow 1.89420251231: follow 1.826 0.76 1.46 2.15 20182019202020212022202320242025 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 133 · 2026 Q1

Ticker Value Weight QoQ
WCN $96M
3.1%
HOLD
CACI $96M
3.1%
HOLD
CASY $95M
3.0%
TRIM
WWD $91M
2.9%
ADD
HEI $88M
2.8%
TRIM
MSCI $86M
2.7%
TRIM
WRB $82M
2.6%
TRIM
TDY $75M
2.4%
ADD
TYL $71M
2.3%
TRIM
CDNS $68M
2.2%
TRIM
MPWR $64M
2.1%
TRIM
LII $63M
2.0%
TRIM
RBC $61M
2.0%
ADD
MSI $61M
1.9%
TRIM
CTAS $59M
1.9%
TRIM
RSG $57M
1.8%
TRIM
AZO $55M
1.8%
ADD
FIX $51M
1.6%
TRIM
ROP $48M
1.5%
HOLD
AFG $47M
1.5%
TRIM

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

ITTMARPLTR

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.