13F
中
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Richard C. Young & CO., LTD.

13F equity value
$1.2B
Positions
93
Top 10 concentration
32.2%
Quarters / total new picks
23 / 100
13F equity value over time
$0M$604M$1B2017201820192020202120222023202420252026

"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.

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. Buying this fund's new positions the day each filing went public, over 23 quarters, returned +6.9% per quarter versus +5.0% from owning every 13F stock, beating that baseline in 47.8% of quarters (excess t = 2.32, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.

Avg 2Q excess
+7.4%
t-stat
2.32
Quarterly win rate
48%
Annualized excess
+9.1%
$1 → follow vs universe
$4.35 vs $2.86
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180930: universe 1.08920181231: universe 1.07720190331: universe 1.05820200331: universe 1.27620200630: universe 1.40920200930: universe 1.72920201231: universe 1.80820210331: universe 1.82420210930: universe 1.63720220331: universe 1.75820220930: universe 1.88820221231: universe 1.75420230331: universe 1.84820230930: universe 2.09720231231: universe 2.19120240331: universe 2.24020240630: universe 2.44420240930: universe 2.42320241231: universe 2.26120250331: universe 2.46520250630: universe 2.54320250930: universe 2.859 20180331: follow 1.01420180930: follow 1.01620181231: follow 1.09820190331: follow 1.15220200331: follow 1.20620200630: follow 1.26320200930: follow 1.43320201231: follow 1.57120210331: follow 1.49820210930: follow 1.55920220331: follow 1.65720220930: follow 1.59620221231: follow 1.75420230331: follow 1.77420230930: follow 2.00020231231: follow 2.18020240331: follow 2.39920240630: follow 2.55020240930: follow 2.59620241231: follow 2.50120250331: follow 2.67320250630: follow 3.42620250930: follow 4.348 0.92 2.81 4.70 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 93 · 2026 Q1

Ticker Value Weight QoQ
GLD $51M
4.3%
HOLD
AVGO $41M
3.4%
HOLD
SLV $41M
3.4%
TRIM
GOOGL $38M
3.2%
HOLD
CAT $36M
3.0%
HOLD
NVDA $34M
2.8%
HOLD
AMZN $31M
2.6%
ADD
XOM $30M
2.5%
HOLD
WMT $27M
2.3%
HOLD
DELL $27M
2.3%
ADD
V $26M
2.1%
HOLD
KMI $25M
2.1%
HOLD
VRT $25M
2.1%
HOLD
T $24M
2.0%
HOLD
KR $24M
2.0%
ADD
LHX $24M
2.0%
HOLD
WMB $23M
1.9%
HOLD
AAPL $23M
1.9%
ADD
CVX $22M
1.8%
HOLD
MU $22M
1.8%
ADD

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

APHEPDLMTMRKREMXVHTVOO

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.