13F
中
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Inscription Capital, LLC

13F equity value
$951M
Positions
714
Top 10 concentration
27.8%
Quarters / total new picks
25 / 960
13F equity value over time
$0M$487M$974M201820192020202120222023202420252026

"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 25 quarters, returned +2.2% per quarter — versus +3.6% per quarter from simply owning every 13F stock. It beat that baseline in only 52.0% of quarters (excess t = 0.20, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.5%
t-stat
0.20
Quarterly win rate
52%
Annualized excess
-4.9%
$1 → follow vs universe
$1.63 vs $2.14
Cumulative return: $1 invested in new picks vs universe
1.00 20190331: universe 0.98320190630: universe 1.05620190930: universe 1.13620191231: universe 0.91620200331: universe 1.10520200630: universe 1.22020200930: universe 1.49720201231: universe 1.56520210331: universe 1.57920210630: universe 1.70520210930: universe 1.53120211231: universe 1.30320220331: universe 1.39920220630: universe 1.29620220930: universe 1.39220221231: universe 1.29320230331: universe 1.36220230930: universe 1.54620231231: universe 1.61520240331: universe 1.65220240630: universe 1.80220240930: universe 1.78620250630: universe 1.84220250930: universe 2.07220251231: universe 2.143 20190331: follow 1.01620190630: follow 1.11620190930: follow 1.16120191231: follow 0.98420200331: follow 0.97520200630: follow 1.02320200930: follow 1.06120201231: follow 1.09920210331: follow 1.09320210630: follow 1.13220210930: follow 1.03820211231: follow 1.01920220331: follow 1.09620220630: follow 1.06620220930: follow 0.95520221231: follow 1.00520230331: follow 1.16620230930: follow 1.16420231231: follow 1.26720240331: follow 1.26420240630: follow 1.39220240930: follow 1.38320250630: follow 1.41020250930: follow 1.60920251231: follow 1.628 0.84 1.58 2.31 2019202020212022202320242025 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 714 · 2026 Q1

Ticker Value Weight QoQ
VT $64M
6.8%
TRIM
SPY $43M
4.5%
HOLD
AAPL $33M
3.5%
HOLD
NVDA $24M
2.5%
HOLD
BIL $22M
2.4%
TRIM
GSLC $18M
1.9%
ADD
GOOG $16M
1.7%
ADD
MSFT $16M
1.7%
TRIM
CVX $14M
1.4%
TRIM
PULS $13M
1.4%
ADD
AMZN $13M
1.3%
TRIM
WMT $11M
1.2%
TRIM
EPD $11M
1.2%
HOLD
GOOGL $11M
1.1%
HOLD
BND $11M
1.1%
TRIM
PG $9M
0.9%
ADD
PAAA $9M
0.9%
ADD
NKE $9M
0.9%
HOLD
XOM $9M
0.9%
TRIM
GSST $8M
0.9%
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

ABEVABXACMACVAADCADMAADPAEBIAEEAESIAHRTALVAMEAMPLAPOARCTARESARWATRAURAURABBAXBBWIBCRXBKRBULLBURLCARSCMCOCNK

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.