13F
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Knollwood Investment Advisory, LLC

13F equity value
$992M
Positions
303
Top 10 concentration
34.4%
Quarters / total new picks
11 / 308
13F equity value over time
$0M$555M$1B20222023202420252026

"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 11 quarters, returned +4.8% per quarter — versus +3.5% per quarter from simply owning every 13F stock. It beat that baseline in only 54.5% of quarters (excess t = 0.49, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+3.0%
t-stat
0.49
Quarterly win rate
55%
Annualized excess
+4.0%
$1 → follow vs universe
$1.58 vs $1.43
Cumulative return: $1 invested in new picks vs universe
1.00 20230331: universe 1.05420230630: universe 1.01620231231: universe 1.06120240331: universe 1.08520240630: universe 1.18420240930: universe 1.17420241231: universe 1.09520250331: universe 1.19420250630: universe 1.23220250930: universe 1.38520251231: universe 1.433 20230331: follow 1.11620230630: follow 1.21220231231: follow 1.25320240331: follow 1.21220240630: follow 1.33720240930: follow 1.43520241231: follow 1.31220250331: follow 1.13720250630: follow 1.41120250930: follow 1.37920251231: follow 1.576 0.92 1.31 1.70 202320242025 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 303 · 2026 Q1

Ticker Value Weight QoQ
NVDA $82M
8.3%
HOLD
AMZN $43M
4.3%
HOLD
AAPL $38M
3.8%
HOLD
GOOG $36M
3.7%
HOLD
MSFT $36M
3.6%
HOLD
META $30M
3.1%
HOLD
GLD $24M
2.4%
HOLD
PLTR $17M
1.7%
HOLD
V $17M
1.7%
HOLD
KLAC $17M
1.7%
HOLD
GOOGL $16M
1.6%
HOLD
TRGP $14M
1.5%
HOLD
AVGO $14M
1.4%
ADD
LLY $13M
1.3%
HOLD
AMD $13M
1.3%
ADD
WES $12M
1.3%
HOLD
VRT $12M
1.2%
HOLD
RBRK $12M
1.2%
HOLD
LNG $12M
1.2%
ADD
CRWD $11M
1.2%
HOLD

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

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.