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Symphonies
Primal Funds › Permian Basin
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A concentrated, rules-based basket of three Permian Basin land/royalty owners (TPL 45%, LB 45%, KRP 10%) designed to benefit from drilling, production, and infrastructure activity in West Texas/New Mexico, rebalanced quarterly.
NutHow it works
This is a simple, concentrated bet on the Permian Basin (West Texas/New Mexico). It holds 3 stocks: 45% Texas Pacific Land (owns land/water; collects fees and some oil/gas royalties), 45% LandBridge (owns land; earns easement and water fees), 10% Kimbell Royalty (collects oil/gas royalties from many wells). No timing; each quarter it resets to these weights.
CheckmarkValue prop
Focused Permian Basin royalty/land basket (TPL 45%, LB 45%, KRP 10%). Out-of-sample shows higher risk and a 44% drawdown vs the S&P, but offers energy-cycle upside and inflation hedging with quarterly resets to curb drift.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.591.330.20.45
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
25.01%13.94%-1.77%0.2%0.84
Primal Funds › Permian Basin
203.03%91.21%21.31%59.1%1.52
Initial Investment
$10,000.00
Final Value
$30,303.14
Regulatory Fees
$0.27
Total Slippage
$2.25
Invest in this strategy
OOS Start Date
Nov 19, 2024
Trading Setting
Quarterly
Type
Stocks
Category
Energy, us equities, thematic, permian basin, royalty/land owners, concentrated, quarterly rebalance
Tickers in this symphonyThis symphony trades 3 assets in total
Ticker
Type
KRP
Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests
Stocks
LB
LandBridge Company LLC
Stocks
TPL
Texas Pacific Land Corporation
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.

"Primal Funds › Permian Basin" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Primal Funds › Permian Basin" is currently allocated toLB, KRPandTPL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Primal Funds › Permian Basin" has returned 12.32%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Primal Funds › Permian Basin" is 44.03%. 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 "Primal Funds › Permian Basin", 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.