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Fund Overview
About
Investment Strategy
Activity Summary — 2025 Q4
Q4 2025 13F Filed:
Feb 17, 2026
Top Buys
%
$
| Stock | % Impact |
|---|---|
|
PYPL
PAYPAL HLDGS IN..
CALL Option
|
+0.79% |
| QQQ INVESCO QQQ TR.. | +0.59% |
|
AAPL
APPLE INC..
PUT Option
|
+0.57% |
|
LRCX
LAM RESEARCH CO..
PUT Option
|
+0.56% |
|
GOOGL
ALPHABET INC..
CALL Option
|
+0.48% |
|
DAL
DELTA AIR LINES..
CALL Option
|
+0.37% |
Top Sells
%
$
| Stock | % Impact |
|---|---|
|
SPY
SPDR S&P 500 ET..
PUT Option
|
-10.67% |
|
GS
GOLDMAN SACHS G..
CALL Option
|
-1.40% |
|
MSFT
MICROSOFT CORP..
CALL Option
|
-1.13% |
|
COST
COSTCO WHSL COR..
CALL Option
Sold All 😨
Was: 0.89%
|
-1.08% |
|
JPM
JPMORGAN CHASE ..
CALL Option
|
-0.75% |
|
AMD
ADVANCED MICRO ..
CALL Option
|
-0.57% |
Activity Summary
Market Value
$1.04B
AUM Change
-17.36%
New Positions
67
Increased Positions
41
Closed Positions
117
Top 10 Concentration
+44.87%
Portfolio Turnover
+11.06%
Alt Turnover
+21.08%
Sector Allocation Trends
Free View: Last 10 Quarters. Subscribe to see full
history
Holdings Analysis
Size: % of Portfolio
Color: Last Full-Quarter Return
No data
Free: 10 quarters
Positions Dynamics
Visualizing Top 20 holdings weight history over the last 10 quarters.
Portfolio Analytics — Latest
Limestone Investment Advisors LP risk dashboard covering volatility, beta, value-at-risk, drawdowns, concentration, factor tilts, benchmark comparison, and stress testing for the latest disclosed portfolio.
Risk access
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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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holding ·
Strategy Guardian alerts ·
Live Scenario Lab stress tests
Best Strategy vs. Benchmarks
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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: Limestone Investment Advisors LP
Replicate top holdings performance • Compare vs benchmarks • Optimize N
Find the best N! Test multiple portfolio sizes at once to discover the optimal configuration.
Risk insights! Identify periods when the fund lagged the benchmark – critical for timing entries.
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Avg. Return
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Underperformance Analysis — Top 10 Holdings vs SPY
Backtesting Limestone Investment Advisors LP's top 10 holdings against SPY identified 1 underperformance period. Worst drawdown: 2025-11 – 2025-11 (-0.3% vs SPY, 1 quarter).
Avg. lag: -0.3% vs SPY
•
Avg. duration: 1.0 quarters
Backtest Snapshot — Top 10 Holdings (Mn-Weighted)
The ticker-level breakdown shows how each of Limestone Investment Advisors LP's top holdings contributed to portfolio returns quarter by quarter. Strongest recent contributors inside the last 5 years of the quarterly Top 10 backtest window: NXT (2025 Q2 – 2025 Q3, +35.3 pts), GOOGL (2025 Q2 – 2025 Q3, +2.4 pts), HSBC (2025 Q3 – 2025 Q3, +2.3 pts), AER (2025 Q3 – 2025 Q3, +1.5 pts), DAL (2025 Q3 – 2025 Q3, +0.9 pts) .
Strategy ann.: 145.0%
•
SPY ann.: 19.2%
•
Period:
2025–2026
Best Recent Contributors — Last 5Y
All 5 recent top contributors beat SPY,
which means this fund's strongest recent return drivers also outperformed the index over the same window.
2025 Q2 – 2025 Q3
• 2Q in Top 10
Beat SPY
NXT
+127%
SPY
+6%
Contrib
+35.3%
2025 Q2 – 2025 Q3
• 2Q in Top 10
Beat SPY
GOOGL
+49%
SPY
+6%
Contrib
+2.4%
2025 Q3 – 2025 Q3
• 1Q in Top 10
Beat SPY
HSBC
+18%
SPY
+2%
Contrib
+2.3%
2025 Q3 – 2025 Q3
• 1Q in Top 10
Beat SPY
AER
+12%
SPY
+2%
Contrib
+1.5%
2025 Q3 – 2025 Q3
• 1Q in Top 10
Beat SPY
DAL
+18%
SPY
+2%
Contrib
+0.9%
■ Stock return (green = beat SPY)
■ Stock return (red = lagged SPY)
■ SPY same period
■ Cumulative contribution during the last 5 years of the quarterly Mn-weighted Top 10 strategy
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.