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 · 5 years
$1,070.87+$70.87 (+7.09%)
S&P 500: 1,369.94
| Date | Portfolio | S&P 500 |
|---|---|---|
| May 6, 2025 | $1,000.00 | Not available |
| May 11, 2025 | $1,001.84 | $1,000.00 |
| May 18, 2025 | $1,024.23 | $1,052.91 |
| May 25, 2025 | $975.58 | $1,026.17 |
| Jun 1, 2025 | $976.66 | $1,044.39 |
| Jun 8, 2025 | $993.39 | $1,061.66 |
| Jun 15, 2025 | $1,005.85 | $1,057.87 |
| Jun 22, 2025 | $1,002.51 | $1,053.05 |
| Jun 29, 2025 | $1,038.36 | $1,089.61 |
| Jul 6, 2025 | $1,064.58 | $1,108.09 |
| Jul 13, 2025 | $1,097.43 | $1,105.04 |
| Jul 20, 2025 | $1,055.94 | $1,112.06 |
| Jul 27, 2025 | $1,124.45 | $1,128.93 |
| Aug 3, 2025 | $1,140.16 | $1,101.68 |
| Aug 10, 2025 | $1,182.67 | $1,129.07 |
| Aug 17, 2025 | $1,257.84 | $1,140.16 |
| Aug 24, 2025 | $1,288.49 | $1,143.48 |
| Aug 31, 2025 | $1,273.17 | $1,143.02 |
| Sep 7, 2025 | $1,356.01 | $1,146.90 |
| Sep 14, 2025 | $1,322.82 | $1,164.92 |
| Sep 21, 2025 | $1,256.60 | $1,176.06 |
| Sep 28, 2025 | $1,244.86 | $1,172.73 |
| Oct 5, 2025 | $1,291.62 | $1,185.83 |
| Oct 12, 2025 | $1,147.47 | $1,157.14 |
| Oct 19, 2025 | $1,184.95 | $1,177.29 |
| Oct 26, 2025 | $1,188.37 | $1,200.07 |
| Nov 2, 2025 | $1,147.66 | $1,208.60 |
| Nov 9, 2025 | $1,131.46 | $1,188.95 |
| Nov 16, 2025 | $1,123.85 | $1,190.65 |
| Nov 23, 2025 | $1,149.02 | $1,167.79 |
| Nov 30, 2025 | $1,216.85 | $1,210.95 |
| Dec 7, 2025 | $1,198.93 | $1,215.03 |
| Dec 14, 2025 | $1,183.43 | $1,208.07 |
| Dec 21, 2025 | $1,111.76 | $1,205.99 |
| Dec 28, 2025 | $1,101.58 | $1,223.22 |
| Jan 4, 2026 | $1,094.67 | $1,210.56 |
| Jan 11, 2026 | $1,198.92 | $1,229.88 |
| Jan 18, 2026 | $1,188.99 | $1,225.61 |
| Jan 25, 2026 | $1,149.56 | $1,221.30 |
| Feb 1, 2026 | $1,136.17 | $1,226.16 |
| Feb 8, 2026 | $1,202.20 | $1,223.77 |
| Feb 15, 2026 | $1,258.42 | $1,208.05 |
| Feb 22, 2026 | $1,252.37 | $1,208.89 |
| Mar 1, 2026 | $1,230.01 | $1,217.63 |
| Mar 8, 2026 | $1,173.53 | $1,212.31 |
| Mar 15, 2026 | $1,089.39 | $1,202.11 |
| Mar 22, 2026 | $1,008.88 | $1,185.99 |
| Mar 29, 2026 | $1,006.45 | $1,166.03 |
| Apr 5, 2026 | $1,017.32 | $1,119.84 |
| Apr 12, 2026 | $1,036.64 | $1,167.61 |
| Apr 19, 2026 | $1,082.54 | $1,205.05 |
| Apr 26, 2026 | $1,109.35 | $1,247.62 |
| May 3, 2026 | $1,060.98 | $1,267.27 |
| May 10, 2026 | $1,047.99 | $1,277.28 |
| May 17, 2026 | $1,030.78 | $1,310.03 |
| May 24, 2026 | $967.78 | $1,313.48 |
| May 31, 2026 | $1,036.70 | $1,330.03 |
| Jun 7, 2026 | $1,050.89 | $1,339.36 |
| Jun 14, 2026 | $1,089.60 | $1,320.07 |
| Jun 21, 2026 | $1,108.17 | $1,323.21 |
| Jun 28, 2026 | $1,174.11 | $1,291.76 |
| Jul 5, 2026 | $1,132.06 | $1,319.74 |
| Jul 12, 2026 | $1,079.01 | $1,337.76 |
| Jul 19, 2026 | $1,074.36 | $1,317.10 |
| Jul 26, 2026 | $1,071.78 | $1,309.37 |
| Aug 10, 2026 | $1,070.87 | $1,369.94 |
PortfolioS&P 500
- Time-weighted return
- +7.09%
- Modified Dietz return
- +7.09%
- Normalized wealth
- 1,070.87
- 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. | +20.05% | 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 | $15,189.22 | -$1,698.15 |
| 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 |