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Symphonies
Kensico - Dynamic Hedging v2
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Clones Kensico Capital’s disclosed stock picks by default, but flips to PSQ (short QQQ) during specific QQQ bursts/bounces using 200‑day, 10‑day, and 5‑day checks to manage risk and tilt against short-term froth.
NutHow it works
Uses QQQ (big-tech index fund) as a market thermometer. If QQQ is above its 200‑day average price, it’s Risk‑On; otherwise Risk‑Off. Most of the time it holds a Kensico Capital 13F stock basket (MSFT, V, META, etc.). It flips to PSQ (the inverse of QQQ) when QQQ gets very hot over ~10 days (~+6.5%) or when there’s a short bounce during a downtrend. Trades only when these signals change.
CheckmarkValue prop
Out-of-sample: 6.60% annual return, 4.91% max drawdown, Calmar 1.35, beta ~0.93. SPY delivers higher raw return, but this strategy offers lighter market beta and an integrated hedge via regime-switching, aiding steadier risk-adjusted growth.

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Invest in this strategy
OOS Start Date
Nov 11, 2025
Trading Setting
Threshold 10%
Type
Stocks
Category
Regime-switching, trend filter, hedge fund 13f clone, inverse etf hedge, us equities
Tickers in this symphonyThis symphony trades 22 assets in total
Ticker
Type
AAPL
Apple Inc.
Stocks
AMZN
Amazon.Com Inc
Stocks
BC
Brunswick Corporation
Stocks
CRM
Salesforce, Inc.
Stocks
EFX
Equifax, Incorporated
Stocks
FICO
Fair Isaac Corporation
Stocks
FISV
Fiserv, Inc. Common Stock
Stocks
FWONK
Liberty Media Corporation Series C Liberty Formula One Common Stock
Stocks
GOOGL
Alphabet Inc. Class A Common Stock
Stocks
HWM
Howmet Aerospace Inc.
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"Kensico - Dynamic Hedging v2" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Kensico - Dynamic Hedging v2" is currently allocated toMETA, PGR, GOOGL, QQQ, FICO, UBER, BC, AAPL, AMZN, UNH, V, ICE, TSM, CRM, MSFT, HWM, FWONK, LNG, MCK, FISVandEFX. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Kensico - Dynamic Hedging v2" has returned 6.60%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Kensico - Dynamic Hedging v2" is 4.91%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "Kensico - Dynamic Hedging v2", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, crypto, and options.