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Symphonies
Pershing Square Equities - (AR:16.5%, DD:44.0%) 13F Weighted
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A simple clone of Pershing Square: eight North American businesses held at preset weights. Very concentrated, so it can swing more than the market.
NutHow it works
It mirrors Bill Ackman’s Pershing Square stock picks and target sizes. It holds: Alphabet (Google), Hilton hotels, Chipotle, Restaurant Brands (Burger King/Tim Hortons/Popeyes), Howard Hughes (real estate), Canadian Pacific Kansas City (railroad), Brookfield (asset manager), and Nike. Weights are preset (20,18,17,16,11,11,3,4%) and there’s no automatic rebalancing.
CheckmarkValue prop
Pershing Square-inspired eight-stock portfolio aims to outperform the S&P with a focused stock-pickers' edge. Out-of-sample: ~12.2% annualized return, Sharpe ~0.71, beta ~0.85, max drawdown ~22.5%. Higher upside when winners soar, but more drawdown risk than SPY.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.021.010.720.85
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
308.37%13.38%-0.15%0.4%0.8
Pershing Square Equities - (AR:16.5%, DD:44.0%) 13F Weighted
395.71%15.36%-4.11%0.65%0.79
Initial Investment
$10,000.00
Final Value
$49,571.29
Regulatory Fees
$0.52
Total Slippage
$3.94
Invest in this strategy
OOS Start Date
Sep 30, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Equities, 13f clone, hedge fund tracking, concentrated, north america, consumer tilt, large-cap, buy-and-hold
Tickers in this symphonyThis symphony trades 8 assets in total
Ticker
Type
BN
Brookfield Corporation
Stocks
CMG
Chipotle Mexican Grill, Inc.
Stocks
CP
Canadian Pacific Kansas City Limited
Stocks
GOOGL
Alphabet Inc. Class A Common Stock
Stocks
HHH
Howard Hughes Holdings Inc.
Stocks
HLT
Hilton Worldwide Holdings Inc.
Stocks
NKE
Nike, Inc.
Stocks
QSR
Restaurant Brands International 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.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toGOOGL, BN, QSR, CP, HLT, CMG, NKEandHHH. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 10.04%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 22.52%. 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 the symphony, 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, and options.