13F
中
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LVZ, Inc.

13F equity value
$876M
Positions
161
Top 10 concentration
80.8%
Quarters / total new picks
25 / 126
13F equity value over time
$0M$447M$894M2017201820192020202120222023202420252026

"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 -0.1% per quarter — versus +1.9% per quarter from simply owning every 13F stock. It beat that baseline in only 48.0% of quarters (excess t = -0.34, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.6%
t-stat
-0.34
Quarterly win rate
48%
Annualized excess
-14.1%
$1 → follow vs universe
$0.58 vs $1.43
Cumulative return: $1 invested in new picks vs universe
1.00 20180930: universe 1.04620190331: universe 1.02820191231: universe 0.82920200930: universe 1.01720201231: universe 1.06320210331: universe 1.07320210630: universe 1.15920210930: universe 1.04020211231: universe 0.88520220331: universe 0.95020220630: universe 0.88020220930: universe 0.94620221231: universe 0.87820230331: universe 0.92520230630: universe 0.89220230930: universe 1.01320231231: universe 1.05820240331: universe 1.08220240630: universe 1.18020240930: universe 1.17020241231: universe 1.09220250331: universe 1.19120250630: universe 1.22820250930: universe 1.38120251231: universe 1.428 20180930: follow 1.02220190331: follow 0.52620191231: follow 0.32220200930: follow 0.52320201231: follow 0.54620210331: follow 0.53820210630: follow 0.49820210930: follow 0.43620211231: follow 0.38420220331: follow 0.35920220630: follow 0.29120220930: follow 0.31720221231: follow 0.30820230331: follow 0.32820230630: follow 0.33120230930: follow 0.31620231231: follow 0.34420240331: follow 0.39020240630: follow 0.41620240930: follow 0.41520241231: follow 0.37320250331: follow 0.44620250630: follow 0.50720250930: follow 0.52020251231: follow 0.583 0.27 0.91 1.54 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 161 · 2026 Q1

Ticker Value Weight QoQ
IVE $121M
13.8%
TRIM
IVW $119M
13.5%
ADD
DFAI $113M
12.9%
ADD
SDVY $105M
12.0%
TRIM
FTCB $68M
7.8%
ADD
JQUA $62M
7.1%
HOLD
JBND $52M
5.9%
ADD
AGG $35M
4.0%
ADD
DUHP $25M
2.9%
TRIM
DFUS $8M
0.9%
ADD
DFCF $7M
0.9%
ADD
ITOT $7M
0.8%
ADD
AAPL $6M
0.7%
TRIM
DXUV $6M
0.7%
ADD
BIBL $5M
0.6%
TRIM
RDVY $5M
0.6%
ADD
IVV $5M
0.5%
TRIM
TPIF $5M
0.5%
ADD
IBD $5M
0.5%
ADD
ELCV $4M
0.5%
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

DJANDUKFDDGROYNFGCRHPTTCWEC

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.