13F
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Simplify Asset Management Inc.

13F equity value
$6.5B
Positions
142
Top 10 concentration
94.3%
Quarters / total new picks
19 / 266
13F equity value over time
$0M$3B$6B2020202120222023202420252026

"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 19 quarters, returned +3.5% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 52.6% of quarters (excess t = -0.04, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.1%
t-stat
-0.04
Quarterly win rate
53%
Annualized excess
+4.9%
$1 → follow vs universe
$1.65 vs $1.33
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520220331: universe 0.88620220630: universe 0.82120220930: universe 0.88120221231: universe 0.81920230331: universe 0.86320230630: universe 0.83220230930: universe 0.94420231231: universe 0.98620240331: universe 1.00820240630: universe 1.10020240930: universe 1.09120241231: universe 1.01820250331: universe 1.11020250630: universe 1.14420250930: universe 1.28720251231: universe 1.331 20210630: follow 1.33620210930: follow 1.06420211231: follow 0.96620220331: follow 0.93620220630: follow 0.83820220930: follow 0.87420221231: follow 0.95920230331: follow 0.91820230630: follow 0.83720230930: follow 0.96820231231: follow 0.94020240331: follow 1.19820240630: follow 1.12120240930: follow 1.18720241231: follow 1.18820250331: follow 1.48920250630: follow 1.60120250930: follow 1.53020251231: follow 1.649 0.75 1.27 1.78 20212022202320242025 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 142 · 2026 Q1

Ticker Value Weight QoQ
IVV $713M
11.0%
ADD
AGG $407M
6.3%
ADD
TUA $117M
1.8%
NEW
AGGH $43M
0.7%
ADD
BUCK $40M
0.6%
NEW
PAGP $31M
0.5%
HOLD
IBIT $27M
0.4%
TRIM
UTHR $20M
0.3%
ADD
ALGN $18M
0.3%
HOLD
LLY $15M
0.2%
TRIM
NVO $12M
0.2%
NEW
ABBV $11M
0.2%
ADD
JAZZ $10M
0.1%
TRIM
PCT $9M
0.1%
TRIM
TMO $9M
0.1%
ADD
GILD $9M
0.1%
ADD
REGN $8M
0.1%
TRIM
JNJ $8M
0.1%
ADD
BHVN $8M
0.1%
TRIM
TXG $8M
0.1%
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

ADBEAQSTBLKBRK/BBTBTBUCKCATCHRSCIENCMCSACORTCRVSCTADDOGFDMTHONIMUXMRKNVOOBIOOCULOVIDOXLCPALIPANWPEPSAFXSNOWTRVITUA

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.