1832 Asset Management: Backtest, 13F Portfolio & Performance Chart

Fund Overview

About

1832 Asset Management is the ultimate contrarian. They manage a staggering $126 Billion not from New York or Greenwich, but from Richmond, Virginia. This independence breeds a unique culture: they ignore quarterly noise and hold stocks for years. Their 13F filing is a masterclass in patience. To appreciate how different they are from the high-frequency crowd, you need to run their 13F History through our simulator. You’ll see positions held for 10+ years—an eternity in modern finance. INVESTMENT STRATEGY & SIMULATION Their mandate is "Growth at a Reasonable Price" (GARP), but with a quality filter that would make Warren Buffett nod. They want durable competitive moats. This low-turnover style is exactly what our Backtesting Service was built for. Standard screens fail here because 1832 doesn't chase momentum. Use our Portfolio Simulator to strip out the noise. You can visualize their Historical Track Record not as a jagged line, but as a steady compounding machine that only trades when the thesis changes, not when the price wiggles. RISK PROFILE & STRESS TESTING Quality growth gets crushed in bear markets—there's no hiding from that. 2022 was brutal for 1832. Our Performance Backtests Online don't sugarcoat this. The Max Drawdown Depth mirrored the Nasdaq, proving that even the best stock pickers can't sidestep systemic risk. However, look closer at the Downside Capture Ratio. It’s bad during the crash, but their Upside Capture Ratio on the rebound is elite. They don't try to catch falling knives; they buy leaders on sale and wait.

Investment Strategy

No specific strategy details available.

Analytics Summary

The data screams "conviction." Their Top 10 Holdings Concentration is consistently over 40%, sometimes hitting 50%. They don't diworsify. The Sector Allocation History shows a massive, unwavering bet on Technology and Healthcare. This isn't a closet indexer; this is a concentrated fund in a diversified wrapper. The Sharpe Ratio looks mediocre in bull markets but shines over full market cycles. But here is the diagnostic question: In an AI-driven market where momentum chasers win daily, is 1832’s "boring" patience actually a competitive disadvantage? Are they holding the bag on legacy tech while the world moves on?

Key Personnel

G. Moffett Cochran — President & CEO

W. Reid Sanders — Chief Investment Officer

J. David Chapman — Chairman

Activity Summary — 2025 Q4

Q4 2025 13F Filed: Feb 13, 2026

Top Buys

% $

Stock	% Impact
TD TORONTO DOMINIO..	+0.97%
BN BROOKFIELD CORP..	+0.74%
CNI CANADIAN NATL R..	+0.73%
SHOP SHOPIFY INC..	+0.57%
OTEX OPEN TEXT CORP..	+0.48%
CAE CAE INC..	+0.48%

Top Sells

% $

Stock	% Impact
N/A SPDR S&P 500 ET.. PUT Option	-11.90%
EXE EXPAND ENERGY C..	-0.31%
DASH DOORDASH INC..	-0.27%
META META PLATFORMS ..	-0.23%
N/A THERMO FISHER S.. CALL Option Sold All 😨 Was: 0.17%	-0.17%
AXON AXON ENTERPRISE.. Sold All 😨 Was: 0.16%	-0.15%

Top Holdings

2025 Q4

Stock	%
N/A Spdr S&p 500 E.. PUT Option	38.95%
TD Toronto Domi..	2.32%
RY Royal Bk Cda..	2.19%
MSFT Microsoft Co..	2.08%
BN Brookfield C..	1.59%
CNI Canadian Nat..	1.41%

View All Holdings

Activity Summary

Latest

Market Value $131.31B

AUM Change +3.64%

New Positions 120

Increased Positions 330

Closed Positions 93

Top 10 Concentration +53.40%

Portfolio Turnover +17.59%

Alt Turnover +19.36%

Sector Allocation Trends

Quarterly History

Free View: Last 6 Quarters. Subscribe to see full history

Holdings Analysis

Size: % of Portfolio Color: Qtr Return No data

Positions Dynamics

Visualizing Top 20 holdings weight history over the last 10 quarters.

Portfolio Analytics — Latest

Quarterly 13F AUM (in billions) — Full History

* Data may contain inaccuracies due to the complex nature of determining total Assets Under Management (AUM).

Guru Intelligence Hub Pro

Real-time Analytics

High-Conviction Alpha

AAPL 92.4

NVDA 88.1

MSFT 74.3

Strategy Guardian

Style Drift 0.12

Sector Rotation 0.38

Tracking institutional benchmark deviation

Scenario Lab

2008 GFC -32.4%

Covid-19 -18.1%

2022 Bear -24.7%

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Best Strategy vs. Benchmarks

AI Backtest: Auto-Optimizing...

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Returns

Latest Quarter

1-Year Return

Ann. Return

Risk

Std Deviation

Max Drawdown

Beta vs SPY

Quality

Sharpe

Sortino

Win Rate

Edge Metrics Last 10 quarters only

Alpha annualized

Up Capture

Down Capture

Strategy Backtester: 1832 Asset Management L.P.

Replicate top holdings performance • Compare vs benchmarks • Optimize N

🔍 Optimization Mode

Find the best N! Test multiple portfolio sizes at once to discover the optimal configuration.

📉 Underperformance Analysis

Risk insights! Identify periods when the fund lagged the benchmark – critical for timing entries.

Highlight Risk Zones on Chart

Number of Holdings

Stock Weights

Equal Weight (1/N) EQ

Manager Weight (Actual) MN

Benchmarks

SPY (S&P 500)

QQQ (Nasdaq)

IWM (Russell)

DIA (Dow Jones)

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Liquid Glass Edition

Backtests Run

+127%

Avg. Return

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Proven alpha spans cycles, not just 24 months. Unlock full history since 1999.

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Extended Performance Heatmap

Green = Outperforms Benchmark | Red = Underperforms. Instantly spot where the strategy wins.

Strategy	Inception	Ann	Ann 3Y PRO	Ann 5Y PRO	Ann 10Y PRO	YTD	1Y	2Y	3Y PRO	5Y PRO	7Y PRO	10Y PRO	Total	StdDev	Sharpe	Sortino	Beta

Total Transparency - Calculation Audit

Audit our performance metrics with full ticker-level granularity. We provide a direct link between reported SEC 13F filings, historical price adjustments, and final returns, ensuring complete mathematical integrity.

🧮 Calculation Details (Ticker-Level)

Top N:

Equal Weight?

Quarters

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Fund Cum.

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Weighting

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Institutional Holdings & Reconciliation Audit

Verify the mathematical integrity of our performance data. We audit filings for options, bonds, and other instruments to ensure a precise reconciliation between SEC 13F reports and our equity-only backtests.

Institutional Holdings & Reconciliation Audit

Audit Controls

Current: Top-50 by Manager Weight

Understanding "Skipped Positions"

Weight discrepancies typically include Put & Call Options, as well as Bonds and other debt instruments. While reported in 13F filings, these are intentionally excluded from our equity-only performance simulations. A "Skipped %" of 20% or more is common for funds with large derivative or fixed-income portfolios.

Avg Skipped (Top-50)

0.19%

Avg Skipped (% Weight)

0.27%

Quarters Analyzed

Skipped Positions Time Series

Skipped Positions Dynamics (Time Series)

Skipped Position Details

📅 2025 Q3 Current

2 skipped (2 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F903	SPDR S&P 500 ETF TR	PUT Option	52.70%	PUT Option
45	✅	[NO TICKER]	464288953	IBOXX HI YD ETF	PUT Option	0.25%	PUT Option

📅 2025 Q2

5 skipped (5 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	52.09%	PUT Option
6	✅	[NO TICKER]	464287905	ISHARES TR	CALL Option	1.18%	CALL Option
9	✅	[NO TICKER]	67066G904	NVIDIA CORPORATION	CALL Option	0.92%	CALL Option
28	✅	[NO TICKER]	G29183903	EATON CORP PLC	CALL Option	0.42%	CALL Option
29	✅	[NO TICKER]	92537N908	VERTIV HOLDINGS CO	CALL Option	0.42%	CALL Option

📅 2025 Q1

7 skipped (7 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	31.87%	PUT Option
2	✅	[NO TICKER]	46090E953	INVESCO QQQ TR	PUT Option	17.47%	PUT Option
10	✅	[NO TICKER]	464287902	ISHARES TR	CALL Option	0.96%	CALL Option
33	✅	[NO TICKER]	11135F901	BROADCOM INC	CALL Option	0.41%	CALL Option
39	✅	[NO TICKER]	67066G904	NVIDIA CORPORATION	CALL Option	0.34%	CALL Option
42	✅	[NO TICKER]	594918904	MICROSOFT CORP	CALL Option	0.33%	CALL Option
50	✅	[NO TICKER]	595112903	MICRON TECHNOLOGY INC	CALL Option	0.27%	CALL Option

📅 2024 Q4

1 skipped (1 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	52.31%	PUT Option

📅 2024 Q3

2 skipped (1 options)

Summary: Top-50 Skipped: 0.22% | User Selected (Top-50): 0.27%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	54.62%	PUT Option
50	✅	GRT-UCAD	387437114	GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	0.22%	No Prices

📅 2024 Q2

3 skipped (3 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	53.21%	PUT Option
3	✅	[NO TICKER]	464287955	ISHARES TR	PUT Option	1.65%	PUT Option
46	✅	[NO TICKER]	037833950	APPLE INC	PUT Option	0.25%	PUT Option

📅 2024 Q1

1 skipped (1 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	67.52%	PUT Option

📅 2023 Q4

1 skipped (1 options)

Summary: Top-50 Skipped: 0.00% | User Selected (Top-50): 0.00%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	23.68%	PUT Option

📅 2023 Q3

2 skipped (1 options)

Summary: Top-50 Skipped: 0.62% | User Selected (Top-50): 0.84%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
1	✅	[NO TICKER]	78462F953	SPDR S&P 500 ETF TR	PUT Option	31.70%	PUT Option
32	✅	[NO TICKER]	26142RAB0	DRAFTKINGS INC NEW	Bond/Debt	0.62%	No Ticker (Bond/Debt)

📅 2023 Q2

1 skipped

Summary: Top-50 Skipped: 0.84% | User Selected (Top-50): 1.32%

Rank	Top-N	Ticker	CUSIP	Name	Type	Weight %	Reason
34	✅	[NO TICKER]	26142RAB0	DRAFTKINGS INC NEW	Bond/Debt	0.84%	No Ticker (Bond/Debt)

Disclaimer: 13Foresight is not a registered investment adviser, broker-dealer, or financial planner. All information on this site is provided solely for informational and educational purposes and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. Portfolio backtests shown on this page are hypothetical and simulated — they do not represent actual trading results and were constructed with the benefit of hindsight. Actual results would differ materially. 13F filings disclose only long equity positions valued above $10,000, submitted up to 45 days after quarter-end; they do not capture short positions, options, bonds, cash, private investments, or non-U.S. securities. A fund's backtest performance may not reflect its actual returns, as managers frequently generate alpha through strategies not visible in 13F data. Past performance is not indicative of future results. All data sourced from public SEC EDGAR filings. Use at your own risk. Full Terms of Use.

1832 Asset Management L.P.

Fund Overview

Key Personnel

Activity Summary — 2025 Q4

Top Buys

Top Sells

Top Holdings

Activity Summary

Sector Allocation Trends

Holdings Analysis

Positions Dynamics

Portfolio Analytics — Latest

Historical Turnover & Concentration

Risk Profile Under Construction

Best Strategy vs. Benchmarks

Strategy Backtester: 1832 Asset Management L.P.

⏱ Run Backtest

Extended Performance Heatmap

Underperformance Periods

🧮 Calculation Details (Ticker-Level)

Institutional Holdings & Reconciliation Audit

Audit Controls

Understanding "Skipped Positions"

Skipped Positions Time Series

Skipped Positions Dynamics (Time Series)

Skipped Position Details

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