13F
中
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TWINBEECH CAPITAL LP

13F equity value
$965M
Positions
536
Top 10 concentration
10.0%
Quarters / total new picks
24 / 6,606
13F equity value over time
$0M$3B$6B20192020202120222023202420252026

"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.

Negative 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 24 quarters, returned +3.2% per quarter versus +3.9% from simply owning every 13F stock — it beat that baseline in only 33.3% of quarters (excess t = -2.34). Copying it would have systematically underperformed the simplest possible strategy.

Avg 2Q excess
-1.7%
t-stat
-2.34
Quarterly win rate
33%
Annualized excess
-3.1%
$1 → follow vs universe
$1.95 vs $2.29
Cumulative return: $1 invested in new picks vs universe
1.00 20200331: universe 1.20620200630: universe 1.33220200930: universe 1.63320201231: universe 1.70820210331: universe 1.72320210630: universe 1.86120210930: universe 1.67020211231: universe 1.42120220331: universe 1.52620220630: universe 1.41420220930: universe 1.51920221231: universe 1.41120230331: universe 1.48620230630: universe 1.43320230930: universe 1.62620231231: universe 1.69920240331: universe 1.73820240630: universe 1.89520240930: universe 1.87920241231: universe 1.75420250331: universe 1.91220250630: universe 1.97220250930: universe 2.21720251231: universe 2.294 20200331: follow 1.20220200630: follow 1.31920200930: follow 1.54820201231: follow 1.60720210331: follow 1.66320210630: follow 1.76020210930: follow 1.58320211231: follow 1.34520220331: follow 1.44920220630: follow 1.31120220930: follow 1.40520221231: follow 1.32220230331: follow 1.40020230630: follow 1.36520230930: follow 1.55020231231: follow 1.60920240331: follow 1.62720240630: follow 1.77420240930: follow 1.75320241231: follow 1.66320250331: follow 1.74420250630: follow 1.72620250930: follow 1.89820251231: follow 1.950 0.92 1.70 2.48 202020212022202320242025 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 536 · 2026 Q1

Ticker Value Weight QoQ
TSCO $11M
1.1%
NEW
AME $10M
1.1%
NEW
BR $10M
1.0%
NEW
SSNC $10M
1.0%
NEW
CMG $10M
1.0%
NEW
AXON $10M
1.0%
NEW
FWONK $9M
1.0%
ADD
TDY $9M
1.0%
NEW
AMGN $9M
0.9%
NEW
FIS $9M
0.9%
ADD
SGI $9M
0.9%
TRIM
CMCSA $9M
0.9%
NEW
CNC $9M
0.9%
TRIM
EONGY $9M
0.9%
NEW
SYY $9M
0.9%
ADD
AMRZ $9M
0.9%
NEW
UPS $9M
0.9%
ADD
JHX $9M
0.9%
NEW
ES $8M
0.9%
NEW
PCG $8M
0.9%
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

AAOIABNBABTACVAADBEADIADPTAEPAFGAIGAIRALABALCALLYAMCRAMEAMGNAMPLAMPXAMRXAMRZANABANETAPAAPLDAPPFAREAROCATIATR

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.