Home builders
- Real estate
- Finance
- Construction
This portfolio tracks home builders. We believe the current high long term interest rates (May 2025) are a significant headwind. As long term rates come down (which we believe they will) the demand side will come back. At the same time, we believe there will be bipartisan political support for speeding up home building in the form of deregulation.
Performance
Growth of $1,000 · 3 months
$1,054.58+$54.58 (+5.46%)
S&P 500: 1,045.73
| Date | Portfolio | S&P 500 |
|---|---|---|
| May 11, 2026 | $1,000.00 | Not available |
| May 11, 2026 | $1,000.00 | $1,000.00 |
| May 12, 2026 | $986.80 | $995.13 |
| May 13, 2026 | $972.32 | $998.15 |
| May 14, 2026 | $970.46 | $1,012.03 |
| May 15, 2026 | $941.03 | $1,003.03 |
| May 18, 2026 | $958.32 | $999.12 |
| May 19, 2026 | $948.66 | $990.51 |
| May 20, 2026 | $993.68 | $998.27 |
| May 21, 2026 | $1,005.25 | $998.91 |
| May 22, 2026 | $1,004.94 | $1,010.70 |
| May 26, 2026 | $1,013.89 | $1,015.27 |
| May 27, 2026 | $1,028.40 | $1,014.76 |
| May 28, 2026 | $1,022.04 | $1,020.17 |
| May 29, 2026 | $1,020.90 | $1,025.16 |
| Jun 1, 2026 | $1,034.57 | $1,026.02 |
| Jun 2, 2026 | $1,039.99 | $1,024.57 |
| Jun 3, 2026 | $1,025.28 | $1,026.19 |
| Jun 4, 2026 | $1,039.36 | $1,016.91 |
| Jun 5, 2026 | $1,034.88 | $1,018.00 |
| Jun 8, 2026 | $1,030.71 | $999.89 |
| Jun 9, 2026 | $1,068.51 | $997.86 |
| Jun 10, 2026 | $1,040.78 | $991.54 |
| Jun 11, 2026 | $1,087.32 | $981.47 |
| Jun 12, 2026 | $1,073.00 | $998.64 |
| Jun 15, 2026 | $1,071.53 | $1,021.01 |
| Jun 16, 2026 | $1,082.02 | $1,014.92 |
| Jun 17, 2026 | $1,054.73 | $1,002.25 |
| Jun 18, 2026 | $1,091.28 | $1,010.06 |
| Jun 22, 2026 | $1,074.91 | $1,006.88 |
| Jun 23, 2026 | $1,077.91 | $992.26 |
| Jun 24, 2026 | $1,149.00 | $991.80 |
| Jun 25, 2026 | $1,153.53 | $990.91 |
| Jun 26, 2026 | $1,156.22 | $986.05 |
| Jun 29, 2026 | $1,145.41 | $1,002.30 |
| Jun 30, 2026 | $1,139.57 | $1,010.10 |
| Jul 1, 2026 | $1,103.68 | $1,008.74 |
| Jul 2, 2026 | $1,114.81 | $1,007.41 |
| Jul 6, 2026 | $1,102.37 | $1,016.20 |
| Jul 7, 2026 | $1,093.53 | $1,011.38 |
| Jul 8, 2026 | $1,047.79 | $1,008.25 |
| Jul 9, 2026 | $1,054.58 | $1,016.79 |
| Jul 10, 2026 | $1,062.56 | $1,021.17 |
| Jul 13, 2026 | $1,048.24 | $1,013.35 |
| Jul 14, 2026 | $1,053.23 | $1,016.95 |
| Jul 15, 2026 | $1,066.01 | $1,020.65 |
| Jul 16, 2026 | $1,088.66 | $1,015.45 |
| Jul 17, 2026 | $1,057.99 | $1,005.40 |
| Jul 20, 2026 | $1,036.38 | $1,003.77 |
| Jul 21, 2026 | $1,030.32 | $1,012.15 |
| Jul 22, 2026 | $1,034.18 | $1,011.24 |
| Jul 23, 2026 | $1,024.24 | $998.49 |
| Aug 10, 2026 | $1,054.58 | $1,045.73 |
PortfolioS&P 500
- Time-weighted return
- +5.46%
- Modified Dietz return
- +5.46%
- Normalized wealth
- 1,054.58
- Holdings
- 7
Holdings
| Instrument | Weight | Quantity | Value | Unrealized P&L |
|---|---|---|---|---|
 DHID.R. Horton Inc. | +35.23% | 253.98 | $37,192.67 | $5,871.99 |
| PHMPultegroup, Inc. | +20.04% | 163.82 | $21,160.71 | $4,437.90 |
 LENLennar Corporation Class A | +17.62% | 217.16 | $18,597.83 | -$4,642.94 |
 NVRNVR, Inc. | +14.39% | 2.42 | $15,192.10 | -$1,695.27 |
| TMHCTaylor Morrison Home Corporation Common Stock | +5.52% | 80.37 | $5,824.54 | $1,142.89 |
 MTHMeritage Homes Corporation | +4.05% | 59.56 | $4,274.15 | $298.40 |
 KBHKB Home | +3.15% | 59.09 | $3,324.00 | $152.46 |