13F
中
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TOTAL INVESTMENT MANAGEMENT INC

13F equity value
$858M
Positions
89
Top 10 concentration
89.0%
Quarters / total new picks
24 / 597
13F equity value over time
$0M$446M$893M2017201820192020202120222023202420252026

"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 24 quarters, returned +14.2% per quarter — versus +3.5% per quarter from simply owning every 13F stock. It beat that baseline in only 54.2% of quarters (excess t = 1.10, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+52.5%
t-stat
1.10
Quarterly win rate
54%
Annualized excess
+21.8%
$1 → follow vs universe
$5.89 vs $2.04
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120181231: universe 1.03020190630: universe 1.10720191231: universe 0.89320200331: universe 1.07720200630: universe 1.18920200930: universe 1.45920201231: universe 1.52520210331: universe 1.53920210630: universe 1.66220211231: universe 1.41420220331: universe 1.51820221231: universe 1.41020230331: universe 1.48620230630: universe 1.43320230930: universe 1.62620231231: universe 1.69920240331: universe 1.73720240630: universe 1.89520240930: universe 1.87920241231: universe 1.75320250331: universe 1.91220250630: universe 1.97220251231: universe 2.040 20180331: follow 1.10320181231: follow 1.19220190630: follow 1.27720191231: follow 1.09520200331: follow 4.26120200630: follow 4.62920200930: follow 4.78020201231: follow 4.97420210331: follow 5.19720210630: follow 5.84420211231: follow 5.11520220331: follow 4.98420221231: follow 4.77020230331: follow 5.60520230630: follow 4.88420230930: follow 4.81220231231: follow 5.09020240331: follow 5.40520240630: follow 5.04720240930: follow 5.75620241231: follow 5.95520250331: follow 6.40420250630: follow 6.58720251231: follow 5.890 0.82 3.97 7.11 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 89 · 2026 Q1

Ticker Value Weight QoQ
BKUI $93M
10.9%
HOLD
XHLF $90M
10.4%
HOLD
SPY $90M
10.4%
HOLD
EEM $88M
10.3%
HOLD
FNK $77M
8.9%
HOLD
BKAG $73M
8.5%
HOLD
QQQM $71M
8.3%
HOLD
RSP $66M
7.7%
HOLD
IVV $63M
7.4%
ADD
VTI $53M
6.2%
NEW
TBIL $20M
2.3%
TRIM
VV $16M
1.8%
HOLD
AAPL $8M
0.9%
ADD
BOND $5M
0.6%
TRIM
AGG $3M
0.3%
TRIM
IBIT $3M
0.3%
TRIM
IVE $2M
0.3%
ADD
CAT $2M
0.3%
HOLD
FSS $2M
0.2%
TRIM
WMT $2M
0.2%
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

COSTFTGCMINTMQYPFETVTI

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.