Adval Fund (created 22 March 2025):

*Note: using the Sort feature on this Excel visual of this Fund will give errors on the Initial & Current Value & Shares. To view the data in the original form again, Refresh the page.

Description (updated 26 Mar. 2025):
100% total weighting is the % of $ being invested in the equities/assets. The fund would realistically diversify the total Value in cash & other more liquid/stable assets to ensure stability & flexibility.
This hypothetical portfolio includes several stocks that are inherently risky, and many of them have consecutive unprofitable quarters/years.
My portfolio will be for the most part passively-managed, with the initial allocations placed in.
I will exclude taxes & fees from all the fund managers for ease sake.

3/13 of the Top Fund Managers ETFs include expense fees- these will not be calculated in the basic ROIs.
Several funds/stocks pay out dividends (11/20 for Adval Fund, 8/13 for Top Fund Managers). These will not be counted in basic ROIs, but would be included in the calculations of detailed ROIs.

The Purpose of this portfolio creation/fund manager challenge is to see how well the best fund managers in the entire world and myself will perform with all of our combined skills/talents.
2025 moving forward marks a unique time geopolitically, economically, and societally.

The markets are a fascinating journey in which everyone has their own glasses to view, experience, and critique them in their own way(s). I embrace them.

The Challenge

In this challenge, I am openly challenging several of the world’s top asset and fund managers to see who performs the best. I'm launching my Adval Fund against their best Funds/stocks. The tickers selected for this challenge were chosen deliberately because their returns are updated daily and are easy to track, unlike the often opaque reporting of hedge funds or venture capital firms. This ensures transparency and allows for real-time performance comparison.

The goal of this challenge is twofold: first, to test the resilience and effectiveness of my investment approach against some of the most renowned minds in the financial world; and second, to explore how different strategies perform under the unique economic, geopolitical, and societal conditions of 2025 and beyond. By comparing our returns, we can gain insights into the strengths and weaknesses of various investment philosophies, offering valuable lessons for investors navigating today’s complex markets. This challenge is not just a competition—it’s an opportunity to learn, adapt, and push the boundaries of what’s possible in portfolio management.

List of the Fund Managers/CEOs:

ROI Tracker:

• Week 0: [Funds initiated Mar. 23, 2025 (Sunday)]
• Wk 1: Adval Fund: Avg ROI -1.98%, ROI w/ my allocations: -1.76% | Top Performer: $DLTR 8.99%, Worst: $CLF -9.55% | 6/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -2.93% | Top Performer: $BRK.B 0.84%, Worst: $BX -6.86% | 1/13 stocks finished Positive for the week.
• Wk 2: Adval Fund: Avg ROI -12.55%, ROI w/ my allocations: -12.31% | Top Performer: $ADT 2.57%, Worst: $CE -28.21% | 2/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -16.23% | Top Performer: $BRK.B -5.44%, Worst: $IAC -26.70% | 0/13 stocks are Positive since 23Mar2025.
• Wk 3: Adval Fund: Avg ROI -12.55%, ROI w/ my allocations: -11.69% | Top Performer: $DLTR 8.03%, Worst: $BHC -39.66% | 3/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -11.21% | Top Performer: $BRK.B 0.42%, Worst: $IAC -29.34% | 1/13 stocks are Positive since 23Mar2025.
• Wk 4: Adval Fund: Avg ROI -10.66%, ROI w/ my allocations: -10.60% | Top Performer: $DLTR 18.56%, Worst: $ALB -31.78% | 3/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -10.98% | Top Performer: $BRK.B -0.71%, Worst: $IAC -31.76% | 0/13 stocks are Positive since 23Mar2025.
• Wk 5: Adval Fund: Avg ROI -6.56%, ROI w/ my allocations: -6.39% | Top Performer: $DLTR 20.7%, Worst: $ALB -25.57% | 4/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -5.72% | Top Performer: $BAM 6.90%, Worst: $IAC -26.53% | 2/13 stocks are Positive since 23Mar2025.
• Wk 6: Adval Fund: Avg ROI -3.12%, ROI w/ my allocations: -3.84% | Top Performer: $DLTR 26.28%, Worst: $BHC -24.30% | 7/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -3.04% | Top Performer: $BAM 10.56%, Worst: $IAC -27.03% | 6/13 stocks are Positive since 23Mar2025.
• Wk 7: Adval Fund: Avg ROI -3.12%, ROI w/ my allocations: -4.23% | Top Performer: $DLTR 28.04%, Worst: $BHC -35.89% | 8/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -3.13% | Top Performer: $BAM 13.75%, Worst: $IAC -23.50% | 4/13 stocks are Positive since 23Mar2025.
• Wk 8: Adval Fund: Avg ROI 0.11%, ROI w/ my allocations: -0.87% | Top Performer: $DLTR 29.60%, Worst: $BHC -34.78% | 12/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 3.57% | Top Performer: $BAM 20.49%, Worst: $IAC -21.88% | 10/13 stocks are Positive since 23Mar2025.
• Wk 9 (25 May): Adval Fund: Avg ROI -3.94%, ROI w/ my allocations: -4.78% | Top Performer: $DLTR 32.09%, Worst: $BHC -37.85% | 7/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -1.81% | Top Performer: $BAM 14.19%, Worst: $IAC -24.96% | 7/13 stocks are Positive since 23Mar2025.
• Wk 10 (ending 31 May): Adval Fund: Avg ROI -3.55%, ROI w/ my allocations: -4.76% | Top Performer: $DLTR 35.22%, Worst: $CLF -38.11% | 9/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: -1.05% | Top Performer: $BAM 13.26%, Worst: $IAC -25.69% | 7/13 stocks are Positive since 23Mar2025.
• Wk 11 (ending 6 June): Adval Fund: Avg ROI 0.45%, ROI w/ my allocations: -0.69% | Top Performer: $DLTR 41.57%, Worst: $BHC -33.52% | 11/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 0.67% | Top Performer: $ARKK 18.62%, Worst: $IAC -25.65% | 7/13 stocks are Positive since 23Mar2025.
• Wk 12 (ending 13 June): Adval Fund: Avg ROI 2.38%, ROI w/ my allocations: -0.13% | Top Performer: $DLTR 42.61%, Worst: $CLF -23.89% | 12/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 0.15% | Top Performer: $ARKK 20.80%, Worst: $IAC -26.12% | 8/13 stocks are Positive since 23Mar2025.
• Wk 14 (ending 27 June): Adval Fund: Avg ROI 4.38%, ROI w/ my allocations: 1.71% | Top Performer: $TRUP 51.35%, Worst: $WU -21.33% | 11/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 7.82% | Top Performer: $ARKK 35.61%, Worst: $IAC -22.42% | 9/13 stocks are Positive since 23Mar2025.
• Wk 15 (ending 4 July): Adval Fund: Avg ROI 9.15%, ROI w/ my allocations: 6.51% | Top Performer: $DLTR 52.67%, Worst: $WU -18.98% | 12/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 11.13% | Top Performer: $SFTBY 39.36%, Worst: $IAC -19.80% | 10/13 stocks are Positive since 23Mar2025.
• Wk 16 (ending 11 July): Adval Fund: Avg ROI 8.54%, ROI w/ my allocations: 7.22% | Top Performer: $DLTR 63.84%, Worst: $WU -21.52% | 14/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 12.82% | Top Performer: $ARKK 40.37%, Worst: $IAC -16.10% | 10/13 stocks are Positive since 23Mar2025.
• Wk 17 (ending 18 July): Adval Fund: Avg ROI 7.24%, ROI w/ my allocations: 5.65% | Top Performer: $DLTR 64.97%, Worst: $WU -24.62% | 13/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 16.05% | Top Performer: $ARKK 50.74%, Worst: $IAC -15.77% | 10/13 stocks are Positive since 23Mar2025.
• Wk 18 (ending 25 July): Adval Fund: Avg ROI 12.60%, ROI w/ my allocations: 11.16% | Top Performer: $DLTR 71.40%, Worst: $WU -19.36% | 15/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 19.67% | Top Performer: $SFTBY 56.53%, Worst: $IAC -16% | 10/13 stocks are Positive since 23Mar2025.
• Wk 19 (ending 2 Aug.): Adval Fund: Avg ROI 2.16%, ROI w/ my allocations: 1.47% | Top Performer: $DLTR 71.87%, Worst: $UPS -26.59% | 10/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 13.32% | Top Performer: $SFTBY 42.71%, Worst: $IAC -19.76% | 9/13 stocks are Positive since 23Mar2025.
• Wk 20 (ending 9 Aug.): Adval Fund: Avg ROI 3.58%, ROI w/ my allocations: 3.73% | Top Performer: $DLTR 73.96%, Worst: $UPS -24.7% | 9/20 stocks are Positive since 23Mar2025.
  Top Asset Managers Fund ROI: 17.53% | Top Performer: $SFTBY 77.59%, Worst: $IAC -29.39% | 9/13 stocks are Positive since 23Mar2025.

Tracking...

Updates & Headlines (Eastern Standard Time):

Week 1 (Starting 24 March 2025)
• Mar-25-25 11:00AM Under Armour Returns as an Official Footwear, Glove Licensee for NFL (WWD)
• Mar-25-25 04:00PM ADT Strengthens Executive Leadership Team with Appointments of Fawad Ahmad as Chief Operating and Customer Officer and Omar Khan as Chief Business Officer (GlobeNewswire)
• March 26, 2025: 06:30AM (Wed.) Dollar Tree Announces Agreement to Divest Its Family Dollar Business to Brigade Capital Management and Macellum Capital Management (Business Wire)
  06:43AM Dollar Tree (NASDAQ:DLTR) Misses Q4 Sales Targets, But Stock Soars 7.2% (StockStory). The day after Family Dollar sale, $DLTR up 11.18% to $76.95.
• Mar-27-25 11:03AM Bausch + Lomb announces intraocular lens recall (Medical Device Network)
• Mar. 28: 07:42AM Cleveland-Cliffs lays off more than 1,200 workers as tariffs hit demand (Manufacturing Dive)
Week 2 (Starting 31 March 2025)
• Apr-02-25 09:54PM AppLovin and Amazon Emerge as TikTok Bidders Ahead of Trumps Deadline (The Wall Street Journal)
• Apr-02-25 07:27PM Ford offers across-the-board discounts, jumping on recent tariff-induced sales bump (Reuters)
• Apr-04-25 09:50AM Anson Funds names its 3 candidates in board fight at Match Group (Reuters)
• Apr-04-25 11:40PM U.S. Stocks Fall The Most Since The S&P 500 Index's 2022 Correction (Seeking Alpha) -5.85%
• Apr-04-25 06:45PM Oil Plunges To New Multi-Year Lows As Recession Fear Spikes (etf.com)
• Apr-04-25 04:00PM Stock market today: Dow plunges 2,200 points, Nasdaq enters bear market as Trump tariffs spark worst meltdown since 2020 (Yahoo Finance)
Week 3 and beyond (Starting 12 April 2025)
• April 9: EQT to sell Karo Healthcare, a Leading Pan-European Consumer health Platform, to KKR. Bloomberg reported that KKR was offering over 2.5 billion dollars for the company.
• May 7, 09:47AM Warren Buffett: The End Of An Era For Berkshire Hathaway (Seeking Alpha)
• 05:03PM Buffett Passes The Torch: What Greg Abel Means For Berkshire's Future (Seeking Alpha)

Evaluations/Thoughts:

• Week 1, ending March 28: Adval Fund: Variance: 3,503.02, Standard Deviation: 59.18. Relative Variability (Coefficient of Variation): 113% [as of 28 March eod]
  Top Asset Managers Fund: Variance: 82,614.24, Standard Deviation: 287.42. Relative Variability (Coefficient of Variation): 140% [as of 28 March eod]
• Adval Fund's stock prices were more predictable and less spread out. Top Asset Managers Fund, on the other hand, stock prices were dominated by a few large values, making it more volatile and less representative of a “typical” value. Since Top Asset Managers Fund has a higher CV, it indicates greater relative variability compared to its mean, making it riskier.
  Interesting that Adval fund was more predictable and less risky despite picking individual stocks as an individual invester yet still having a higher return. Albeit, this is only One week into this challenge/comparison.
  Note that a vast majority of the week, both funds were in the positive (both ~1-2% ROI) until Friday- when the S&P 500 closed Down >2%. This can also be seen in the $SPY's weekly ROI of -1.48%.
• Week 2, starting March 30: Adval Fund: Variance: 5,260.36, Standard Deviation: 72.53. Relative Variability (Coefficient of Variation): 121% [as of 5 April eod]
  Top Asset Managers Fund: Variance: 91,472.19, Standard Deviation: 302.44. Relative Variability (Coefficient of Variation): 152% [as of 5 April eod]
• Statistical Evaluation of ROI Percentages:
  Adval Fund: Mean ROI: -12.55%, Variance: 93.14, Standard Deviation: 9.65, Coefficient of Variation: 76.89% (indicating high relative variability). Range: 2.57% (highest) to -28.21% (lowest), a spread of 30.78%.
  Top Fund Managers Fund: Mean ROI: -16.23%, Variance: 43.66, Standard Deviation: 6.61, Coefficient of Variation: 40.73% (indicating moderate relative variability). Range: -4.79% (highest) to -26.70% (lowest), a spread of 21.91%.
  Comparison: The Adval Fund has a higher mean ROI (-12.55% vs. -16.23%), but its higher variance (93.14 vs. 43.66) and standard deviation (9.65 vs. 6.61) reflect greater volatility. The Adval Fund’s Coefficient of Variation (76.89%) is nearly double that of the Top Fund Managers Fund (40.73%), indicating Adval’s returns are far more variable relative to its mean. The Adval Fund’s wider range (30.78% vs. 21.91%) further underscores its higher risk profile.
  
• Week 3, Volatility (Standard Deviation): Adval Fund: ~12.15%, Top Fund Managers: ~10.5%
  Adval Fund: Higher risk (greater volatility and range) but with a potential for higher returns (best ROI of 8.03%)
  Top Fund Managers: More consistent (lower volatility) but with no standout performers (best ROI only 0.42%)
  Interestingly, the average Betas of each fund are as follows: Adval: 1.27, Top Fund Managers: 1.50. [updated 2025Apr13]

Always in thought...

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