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Symphonies
Pershing Square Portfolio - (AR:39.4%, DD:44.0%) 200d Bull & Bear Hedge
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Owns a concentrated Pershing Square–style stock basket in S&P 500 uptrends. In downtrends, it either sticks with that basket after short tech sell‑offs or switches to tactical hedges using leveraged long/short Nasdaq or S&P and cash-like T‑bills.
NutHow it works
Regime filter: if SPY is above its 200‑day moving average (uptrend), hold a fixed 8‑stock basket (Hilton, Chipotle, Restaurant Brands, Alphabet, Howard Hughes, Canadian Pacific, Brookfield, Nike). If below: if tech (XLK) fell >1% in 10 days, keep the basket; otherwise two sleeves use short‑term momentum (RSI) and a 20‑day trend on TQQQ to flip among TQQQ/SQQQ, SPXS/SPXU, PSQ, or cash‑like BIL. Leveraged ETFs mean high volatility.
CheckmarkValue prop
Regime-driven strategy: concentrated uptrends, nimble downtrend hedges. Out-of-sample: ~16% annualized return, Sharpe ~0.84, Calmar ~0.87, with slightly smaller drawdown than the S&P 500 — delivering strong, risk‑adjusted upside.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.150.970.60.77
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
308.37%13.38%-0.15%0.4%0.8
Pershing Square Portfolio - (AR:39.4%, DD:44.0%) 200d Bull & Bear Hedge
1,688.79%29.36%-3.81%1.32%1.27
Initial Investment
$10,000.00
Final Value
$178,879.01
Regulatory Fees
$114.31
Total Slippage
$676.08
Invest in this strategy
OOS Start Date
Sep 30, 2024
Trading Setting
Threshold 10%
Type
Stocks
Category
Tactical allocation, trend-following, momentum, leveraged etfs, market timing, concentrated equities, 13f replication, hedging
Tickers in this symphonyThis symphony trades 20 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BN
Brookfield Corporation
Stocks
BND
Vanguard Total Bond Market
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
IEF
iShares 7-10 Year Treasury Bond ETF
Stocks
NKE
Nike, 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 13.45%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 18.28%. 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.