SIH Partners, LLLP
"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.
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 8 quarters, returned +6.0% per quarter versus +4.0% from owning every 13F stock, beating that baseline in 62.5% of quarters (excess t = 2.57, 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.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 256 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| BABA | $617M | | ADD |
| RACE | $197M | | ADD |
| EEM | $132M | | NEW |
| EWY | $131M | | NEW |
| STLA | $128M | | ADD |
| UBS | $121M | | ADD |
| BHP | $111M | | ADD |
| FXI | $108M | | ADD |
| JD | $100M | | TRIM |
| KWEB | $93M | | ADD |
| NVDA | $84M | | ADD |
| AMRZ | $75M | | TRIM |
| LI | $61M | | ADD |
| NTES | $57M | | ADD |
| DB | $50M | | ADD |
| MSFT | $50M | | NEW |
| BILI | $46M | | ADD |
| SNDK | $41M | | NEW |
| XPEV | $40M | | ADD |
| JHX | $38M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
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.