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 · 6 months
$902.37-$97.63 (-9.76%)
S&P 500: 1,114.07
| Date | Portfolio | S&P 500 |
|---|---|---|
| Feb 9, 2026 | $1,000.00 | Not available |
| Feb 9, 2026 | $1,000.00 | $1,000.00 |
| Feb 10, 2026 | $1,016.79 | $997.36 |
| Feb 11, 2026 | $1,043.69 | $995.64 |
| Feb 12, 2026 | $1,056.67 | $987.91 |
| Feb 13, 2026 | $1,061.11 | $986.90 |
| Feb 17, 2026 | $1,051.49 | $984.00 |
| Feb 18, 2026 | $1,055.01 | $988.96 |
| Feb 19, 2026 | $1,033.49 | $986.35 |
| Feb 20, 2026 | $1,037.32 | $993.01 |
| Feb 23, 2026 | $1,033.04 | $983.34 |
| Feb 24, 2026 | $1,035.43 | $990.74 |
| Feb 25, 2026 | $994.60 | $998.89 |
| Feb 26, 2026 | $1,005.60 | $993.30 |
| Feb 27, 2026 | $1,016.89 | $988.53 |
| Mar 2, 2026 | $986.87 | $989.09 |
| Mar 3, 2026 | $974.25 | $980.37 |
| Mar 4, 2026 | $968.23 | $987.29 |
| Mar 5, 2026 | $947.85 | $981.79 |
| Mar 6, 2026 | $930.44 | $968.92 |
| Mar 9, 2026 | $925.49 | $977.40 |
| Mar 10, 2026 | $911.48 | $975.83 |
| Mar 11, 2026 | $907.80 | $974.61 |
| Mar 12, 2026 | $889.45 | $959.81 |
| Mar 13, 2026 | $880.03 | $954.38 |
| Mar 16, 2026 | $889.60 | $964.09 |
| Mar 17, 2026 | $892.03 | $966.63 |
| Mar 18, 2026 | $891.43 | $953.14 |
| Mar 19, 2026 | $859.25 | $950.79 |
| Mar 20, 2026 | $860.58 | $934.61 |
| Mar 23, 2026 | $870.66 | $944.42 |
| Mar 24, 2026 | $862.24 | $941.25 |
| Mar 25, 2026 | $872.96 | $946.49 |
| Mar 26, 2026 | $859.37 | $929.59 |
| Mar 27, 2026 | $850.09 | $913.74 |
| Mar 30, 2026 | $830.66 | $910.69 |
| Mar 31, 2026 | $843.13 | $937.16 |
| Apr 1, 2026 | $855.27 | $944.22 |
| Apr 2, 2026 | $845.15 | $943.03 |
| Apr 6, 2026 | $872.79 | $949.54 |
| Apr 7, 2026 | $860.81 | $949.95 |
| Apr 8, 2026 | $869.05 | $973.10 |
| Apr 9, 2026 | $872.95 | $979.77 |
| Apr 10, 2026 | $885.70 | $979.12 |
| Apr 13, 2026 | $887.75 | $988.69 |
| Apr 14, 2026 | $885.76 | $1,000.73 |
| Apr 15, 2026 | $886.28 | $1,008.63 |
| Apr 16, 2026 | $885.84 | $1,010.20 |
| Apr 17, 2026 | $894.78 | $1,026.26 |
| Apr 20, 2026 | $933.37 | $1,021.28 |
| Apr 21, 2026 | $983.39 | $1,022.26 |
| Apr 22, 2026 | $950.75 | $1,021.04 |
| Apr 23, 2026 | $940.80 | $1,022.38 |
| Apr 24, 2026 | $956.42 | $1,027.20 |
| Apr 27, 2026 | $935.19 | $1,030.58 |
| Apr 28, 2026 | $937.05 | $1,025.11 |
| Apr 29, 2026 | $917.21 | $1,023.09 |
| Apr 30, 2026 | $890.31 | $1,025.83 |
| May 1, 2026 | $902.23 | $1,039.24 |
| May 4, 2026 | $845.80 | $1,034.67 |
| May 5, 2026 | $852.49 | $1,042.09 |
| May 6, 2026 | $882.32 | $1,054.20 |
| May 7, 2026 | $864.01 | $1,058.30 |
| May 8, 2026 | $869.92 | $1,061.45 |
| May 11, 2026 | $855.67 | $1,065.35 |
| May 12, 2026 | $844.37 | $1,060.16 |
| May 13, 2026 | $831.98 | $1,063.38 |
| May 14, 2026 | $830.40 | $1,078.17 |
| May 15, 2026 | $805.21 | $1,068.58 |
| May 18, 2026 | $820.00 | $1,064.41 |
| May 19, 2026 | $811.74 | $1,055.24 |
| May 20, 2026 | $850.26 | $1,063.51 |
| May 21, 2026 | $860.17 | $1,064.19 |
| May 22, 2026 | $859.90 | $1,076.75 |
| May 26, 2026 | $867.55 | $1,081.62 |
| May 27, 2026 | $879.97 | $1,081.07 |
| May 28, 2026 | $874.53 | $1,086.84 |
| May 29, 2026 | $873.55 | $1,092.16 |
| Jun 1, 2026 | $885.25 | $1,093.08 |
| Jun 2, 2026 | $889.88 | $1,091.52 |
| Jun 3, 2026 | $877.30 | $1,093.25 |
| Jun 4, 2026 | $889.35 | $1,083.37 |
| Jun 5, 2026 | $885.51 | $1,084.53 |
| Jun 8, 2026 | $881.95 | $1,065.24 |
| Jun 9, 2026 | $914.30 | $1,063.07 |
| Jun 10, 2026 | $890.56 | $1,056.33 |
| Jun 11, 2026 | $930.38 | $1,045.61 |
| Jun 12, 2026 | $918.13 | $1,063.90 |
| Jun 15, 2026 | $916.87 | $1,087.73 |
| Jun 16, 2026 | $925.85 | $1,081.25 |
| Jun 17, 2026 | $902.50 | $1,067.74 |
| Jun 18, 2026 | $933.78 | $1,076.07 |
| Jun 22, 2026 | $919.76 | $1,072.69 |
| Jun 23, 2026 | $922.34 | $1,057.11 |
| Jun 24, 2026 | $983.17 | $1,056.62 |
| Jun 25, 2026 | $987.04 | $1,055.67 |
| Jun 26, 2026 | $989.34 | $1,050.49 |
| Jun 29, 2026 | $980.09 | $1,067.80 |
| Jun 30, 2026 | $975.10 | $1,076.11 |
| Jul 1, 2026 | $944.39 | $1,074.66 |
| Jul 2, 2026 | $953.91 | $1,073.25 |
| Jul 6, 2026 | $943.27 | $1,082.61 |
| Jul 7, 2026 | $935.70 | $1,077.47 |
| Jul 8, 2026 | $896.56 | $1,074.14 |
| Jul 9, 2026 | $902.37 | $1,083.23 |
| Jul 10, 2026 | $909.20 | $1,087.90 |
| Jul 13, 2026 | $896.94 | $1,079.57 |
| Jul 14, 2026 | $901.22 | $1,083.41 |
| Jul 15, 2026 | $912.15 | $1,087.35 |
| Jul 16, 2026 | $931.53 | $1,081.81 |
| Jul 17, 2026 | $905.29 | $1,071.10 |
| Jul 20, 2026 | $886.80 | $1,069.37 |
| Jul 21, 2026 | $881.61 | $1,078.29 |
| Jul 22, 2026 | $884.92 | $1,077.33 |
| Jul 23, 2026 | $876.41 | $1,063.74 |
| Aug 10, 2026 | $902.37 | $1,114.07 |
PortfolioS&P 500
- Time-weighted return
- -9.76%
- Modified Dietz return
- -9.76%
- Normalized wealth
- 902.37
- 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 |