13F
中
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Teewinot Capital Advisers, L.L.C.

13F equity value
$1.3B
Positions
33
Top 10 concentration
68.5%
Quarters / total new picks
22 / 67
13F equity value over time
$0M$681M$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.

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 22 quarters, returned +0.4% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 31.8% of quarters (excess t = -1.09, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.6%
t-stat
-1.09
Quarterly win rate
32%
Annualized excess
-13.0%
$1 → follow vs universe
$0.88 vs $1.75
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120181231: universe 0.91120190331: universe 0.89620200331: universe 1.08020200630: universe 1.19320200930: universe 1.46320210331: universe 1.47620210930: universe 1.32520211231: universe 1.12720220930: universe 1.21120221231: universe 1.12520230331: universe 1.18520230630: universe 1.14220230930: universe 1.29720240331: universe 1.32620240630: universe 1.44620240930: universe 1.43420241231: universe 1.33820250331: universe 1.45920250630: universe 1.50520250930: universe 1.69220251231: universe 1.751 20180630: follow 0.83620181231: follow 0.94320190331: follow 0.85020200331: follow 0.93620200630: follow 1.10320200930: follow 1.36520210331: follow 1.24720210930: follow 1.01220211231: follow 0.69820220930: follow 0.68320221231: follow 0.67320230331: follow 0.79720230630: follow 0.75420230930: follow 0.84920240331: follow 0.79020240630: follow 0.89120240930: follow 0.82120241231: follow 0.72120250331: follow 0.77220250630: follow 0.81320250930: follow 0.91020251231: follow 0.880 0.62 1.26 1.89 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 33 · 2026 Q1

Ticker Value Weight QoQ
AMZN $112M
8.9%
ADD
LLY $105M
8.4%
TRIM
NFLX $99M
7.9%
ADD
GOOGL $85M
6.8%
TRIM
NVDA $84M
6.7%
ADD
META $81M
6.5%
TRIM
UBER $77M
6.2%
ADD
C $75M
6.0%
ADD
WFC $75M
6.0%
HOLD
GM $64M
5.1%
ADD
BABA $58M
4.6%
ADD
HD $53M
4.2%
ADD
MS $46M
3.7%
ADD
BAC $46M
3.6%
TRIM
MA $44M
3.5%
TRIM
RYAAY $33M
2.6%
TRIM
COF $27M
2.2%
TRIM
LUV $20M
1.6%
NEW
RTX $12M
0.9%
ADD
VLRS $11M
0.9%
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

JNJLUVMSFT

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.