This website uses cookies
Read our Privacy policy and Terms of use for more information.
Two blotters. The first is every position the Systematic Portfolio has held since launch.
The second is every long Multi-model Signals called on the 33 names, including the ones the Systematic Portfolio did not take. Entries and exits are the market open prices on the published dates - signals are always published well ahead of the market open.
Any one trade here can be wrong. That is expected. The method does not rest on calling a single name correctly at any moment in time. It rests on repeating a small edge across many positions over a long stretch. The honest unit of assessment is the whole universe over years.
The same weekly re-optimisation runs here, on a separate universe. Commodities holds cash more readily than Macro & Megacaps does, so a light stretch on this page is the models declining to guess rather than a gap in the record.
CLICK TO EXPAND EACH TABLE
from 2026-08-03 · entries at the published day's open · open positions marked to the latest close
| Ticker | Status | Entry | Entry px | Exit / last | Exit px | Sessions | Weight in→now | Return | Contrib |
|---|---|---|---|---|---|---|---|---|---|
| DE | open | 2026-09-28 | 687.13 | 2026-09-28 (last) | 689.59 | 2 | 20.2% → 20.2% | +0.4% | +0.1% |
| USO | open | 2026-09-28 | 151.88 | 2026-09-28 (last) | 150.01 | 2 | 12.9% → 12.9% | -1.2% | -0.2% |
| AEM | open | 2026-09-21 | 199.99 | 2026-09-28 (last) | 184.15 | 7 | 10.0% → 9.8% | -7.9% | -0.8% |
| SCCO | open | 2026-09-08 | 206.68 | 2026-09-28 (last) | 202.63 | 16 | 9.2% → 8.6% | -2.0% | -0.2% |
| BCI 3 lots | open | 2026-08-03 | 24.40 avg | 2026-09-28 (last) | 26.01 | 41 | 11.8% → 23.2% | +6.6% | +1.3% |
| └ entry | bought at open | 2026-08-03 | 23.58 | to last | +11.76pp → 11.8% | +10.3% | |||
| └ add to existing | bought at open | 2026-08-10 | 24.21 | to last | +7.00pp → 18.8% | +7.4% | |||
| └ add to existing | bought at open | 2026-09-08 | 26.13 | to last | +6.95pp → 25.0% | -0.5% | |||
| CPER 3 lots | open | 2026-08-03 | 39.91 avg | 2026-09-28 (last) | 39.68 | 41 | 8.4% → 18.5% | -0.6% | -0.1% |
| └ entry | bought at open | 2026-08-03 | 38.98 | to last | +8.41pp → 8.4% | +1.8% | |||
| └ add to existing | bought at open | 2026-08-31 | 40.26 | to last | +7.26pp → 15.0% | -1.4% | |||
| └ add to existing | bought at open | 2026-09-08 | 41.00 | to last | +5.10pp → 20.1% | -3.2% | |||
| SIL | exiting | 2026-09-14 | 93.09 | 2026-09-29 (open pending) | 86.99 | 11 | 7.0% → 6.8% | -6.6% | -0.5% |
These are positions the book has closed. Names still held appear under Open positions above, whatever month they were entered, so a month here is the date a position was filed — not a performance period for that month. Period performance is the P&L record, not this blotter.
| Ticker | Status | Entry | Entry px | Exit / last | Exit px | Sessions | Weight in→now | Return | Contrib |
|---|---|---|---|---|---|---|---|---|---|
| NTR | closed | 2026-09-21 | 76.59 | 2026-09-22 | 73.86 | 1 | 19.2% → 19.2% | -3.6% | -0.7% |
| FNV | closed | 2026-09-14 | 258.17 | 2026-09-17 | 266.82 | 3 | 9.7% → 9.7% | +3.4% | +0.3% |
| LNG | closed | 2026-09-08 | 280.68 | 2026-09-15 | 273.32 | 5 | 23.4% → 21.7% | -2.6% | -0.6% |
| AEM | closed | 2026-08-31 | 204.59 | 2026-09-01 | 196.55 | 1 | 7.8% → 7.8% | -3.9% | -0.3% |
| DBA | closed | 2026-08-31 | 29.09 | 2026-09-04 | 29.04 | 4 | 21.4% → 21.4% | -0.2% | -0.0% |
| XOM 2 lots | closed | 2026-08-24 | 162.85 avg | 2026-09-03 | 164.43 | 8 | 14.0% → 18.8% | +1.0% | +0.2% |
| └ entry | bought at open | 2026-08-24 | 163.87 | to 2026-09-03 | +14.00pp → 14.0% | +0.3% | |||
| └ add to existing | bought at open | 2026-08-31 | 159.94 | to 2026-09-03 | +4.77pp → 18.8% | +2.8% | |||
| SLV | closed | 2026-08-24 | 62.81 | 2026-09-11 | 58.73 | 13 | 4.3% → 4.1% | -6.5% | -0.3% |
| BHP 2 lots | closed | 2026-08-03 | 87.05 avg | 2026-09-23 | 85.80 | 36 | 6.4% → 12.0% | -1.4% | -0.1% |
| └ entry | bought at open | 2026-08-03 | 81.45 | to 2026-09-23 | +6.45pp → 6.4% | +5.3% | |||
| └ add to existing | bought at open | 2026-09-08 | 93.00 | to 2026-09-23 | +6.93pp → 13.6% | -7.7% |
| Ticker | Status | Entry | Entry px | Exit / last | Exit px | Sessions | Weight in→now | Return | Contrib |
|---|---|---|---|---|---|---|---|---|---|
| DBA | closed | 2026-08-17 | 27.86 | 2026-08-25 | 28.03 | 6 | 16.7% → 15.5% | +0.6% | +0.1% |
| SIL | closed | 2026-08-17 | 90.10 | 2026-08-25 | 98.42 | 6 | 5.1% → 5.1% | +9.2% | +0.5% |
| FNV | closed | 2026-08-10 | 236.88 | 2026-08-20 | 248.58 | 8 | 8.1% → 8.0% | +4.9% | +0.4% |
| SCCO | closed | 2026-08-10 | 195.68 | 2026-08-26 | 217.92 | 12 | 6.5% → 6.3% | +11.4% | +0.7% |
| ALB | closed | 2026-08-03 | 115.80 | 2026-08-04 | 120.01 | 1 | 4.9% → 4.9% | +3.6% | +0.2% |
| GDX | closed | 2026-08-03 | 74.31 | 2026-08-04 | 77.61 | 1 | 4.6% → 4.6% | +4.4% | +0.2% |
| SLV | closed | 2026-08-03 | 51.25 | 2026-08-04 | 53.97 | 1 | 3.7% → 3.7% | +5.3% | +0.2% |
| XOM | closed | 2026-08-03 | 152.48 | 2026-08-10 | 153.52 | 5 | 10.6% → 10.6% | +0.7% | +0.1% |
| LNG 2 lots | closed | 2026-08-03 | 258.51 avg | 2026-08-17 | 273.43 | 10 | 10.3% → 16.1% | +5.8% | +0.8% |
| └ entry | bought at open | 2026-08-03 | 259.06 | to 2026-08-17 | +10.35pp → 10.3% | +5.5% | |||
| └ add to existing | bought at open | 2026-08-10 | 257.53 | to 2026-08-17 | +5.73pp → 16.1% | +6.2% | |||
| DE 2 lots | closed | 2026-08-03 | 609.03 avg | 2026-08-25 | 652.07 | 16 | 10.4% → 15.0% | +7.1% | +1.0% |
| └ entry | bought at open | 2026-08-03 | 602.91 | to 2026-08-25 | +10.37pp → 10.4% | +8.2% | |||
| └ add to existing | bought at open | 2026-08-10 | 621.12 | to 2026-08-25 | +5.40pp → 15.8% | +5.0% | |||
| NTR | closed | 2026-08-03 | 68.38 | 2026-08-28 | 73.50 | 19 | 7.3% → 7.3% | +7.5% | +0.5% |
A signal is not a holding. The Systematic Portfolio takes a subset of these, sized and capped, so a name can appear here that it never bought. That is the point of showing both.
CLICK TO EXPAND EACH TABLE
every published signal as a dated trade · entries at the published day's open · open trades marked to the latest close
| Ticker | Trade | Status | Entry | Entry px | Exit / last | Exit px | Bars | Return |
|---|---|---|---|---|---|---|---|---|
| ADM | position | open | 2026-09-30 | — | — | — | 0 | — |
| BP | lever | open | 2026-09-29 | — | — | — | 0 | — |
| OXY | position | open | 2026-09-28 | 57.46 | 2026-09-28 (last) | 56.10 | 2 | -2.4% |
| DE | lever | open | 2026-09-25 | 694.99 | 2026-09-28 (last) | 689.59 | 3 | -0.8% |
| UNG | position | open | 2026-09-25 | 11.05 | 2026-09-28 (last) | 10.79 | 3 | -2.4% |
| USO | position | open | 2026-09-25 | 149.81 | 2026-09-28 (last) | 150.01 | 3 | +0.1% |
| DBA | position | open | 2026-09-23 | 28.57 | 2026-09-28 (last) | 28.25 | 5 | -1.1% |
| SCCO | lever | closing | 2026-09-22 | 199.01 | 2026-09-29 | 202.63 | 5 | +1.7% |
| XOM | position | open | 2026-09-22 | 157.53 | 2026-09-28 (last) | 162.52 | 6 | +3.2% |
| NEM | position | open | 2026-09-16 | 125.86 | 2026-09-28 (last) | 116.05 | 10 | -7.8% |
| CPER | lever | closing | 2026-09-15 | 38.51 | 2026-09-29 | 39.68 | 10 | +2.8% |
| GLD | position | open | 2026-09-14 | 391.89 | 2026-09-28 (last) | 377.91 | 12 | -3.6% |
| EOG | lever | open | 2026-09-09 | 147.54 | 2026-09-28 (last) | 140.63 | 15 | -5.0% |
| AU | position | open | 2026-09-02 | 110.20 | 2026-09-28 (last) | 92.77 | 19 | -15.8% |
| FNV | position | open | 2026-09-02 | 261.02 | 2026-09-28 (last) | 245.81 | 19 | -5.8% |
| EOG | position | open | 2026-08-28 | 144.75 | 2026-09-28 (last) | 140.63 | 22 | -2.8% |
| BP | position | open | 2026-08-24 | 44.12 | 2026-09-28 (last) | 44.43 | 26 | +0.7% |
| FANG | position | open | 2026-08-24 | 210.00 | 2026-09-28 (last) | 185.23 | 26 | -11.8% |
| MPC | position | open | 2026-08-24 | 359.78 | 2026-09-28 (last) | 389.44 | 26 | +8.2% |
| PAAS | position | open | 2026-08-24 | 52.90 | 2026-09-28 (last) | 45.77 | 26 | -13.5% |
| SHEL | position | open | 2026-08-24 | 92.82 | 2026-09-28 (last) | 96.47 | 26 | +3.9% |
| AEM | position | open | 2026-08-19 | 196.21 | 2026-09-28 (last) | 184.15 | 29 | -6.1% |
| SIL | position | open | 2026-08-10 | 88.25 | 2026-09-28 (last) | 86.99 | 36 | -1.4% |
| SCCO | position | open | 2026-08-07 | 194.78 | 2026-09-28 (last) | 202.63 | 37 | +4.0% |
| SLV | position | open | 2026-07-24 | 52.34 | 2026-09-28 (last) | 54.95 | 47 | +5.0% |
| DE | position | open | 2026-07-06 | 619.15 | 2026-09-28 (last) | 689.59 | 61 | +11.4% |
| NTR | position | open | 2026-07-01 | 62.64 | 2026-09-28 (last) | 71.98 | 63 | +14.9% |
| BCI | position | open | 2026-06-29 | 22.23 | 2026-09-28 (last) | 26.01 | 65 | +17.0% |
| CPER | position | open | 2026-06-29 | 37.23 | 2026-09-28 (last) | 39.68 | 65 | +6.6% |
These are positions the book has closed. Names still held appear under Open positions above, whatever month they were entered, so a month here is the date a position was filed — not a performance period for that month. Period performance is the P&L record, not this blotter.
| Ticker | Trade | Status | Entry | Entry px | Exit / last | Exit px | Bars | Return |
|---|---|---|---|---|---|---|---|---|
| PAAS | lever | closed | 2026-09-23 | 49.35 | 2026-09-24 | 47.50 | 1 | -3.8% |
| SIL | lever | closed | 2026-09-23 | 94.34 | 2026-09-28 | 87.03 | 3 | -7.8% |
| AEM | lever | closed | 2026-09-18 | 202.29 | 2026-09-24 | 193.58 | 4 | -4.4% |
| MPC | lever | closed | 2026-09-17 | 408.76 | 2026-09-22 | 391.68 | 3 | -4.2% |
| SCCO | lever | closed | 2026-09-11 | 195.84 | 2026-09-17 | 195.79 | 4 | -0.1% |
| BCI | lever | closed | 2026-09-10 | 26.57 | 2026-09-22 | 26.23 | 8 | -1.4% |
| PAAS | lever | closed | 2026-09-10 | 50.93 | 2026-09-14 | 48.74 | 2 | -4.3% |
| LNG | lever | closed | 2026-09-08 | 280.68 | 2026-09-15 | 273.32 | 5 | -2.7% |
| NTR | lever | closed | 2026-09-04 | 78.98 | 2026-09-17 | 77.51 | 8 | -2.0% |
| LNG | position | closed | 2026-09-03 | 296.00 | 2026-09-15 | 273.32 | 7 | -7.7% |
| MPC | lever | closed | 2026-09-03 | 383.95 | 2026-09-16 | 405.31 | 8 | +5.4% |
| NEM | lever | closed | 2026-09-02 | 124.72 | 2026-09-09 | 129.73 | 4 | +3.9% |
| PPLT | position | closed | 2026-09-02 | 15.94 | 2026-09-24 | 15.81 | 15 | -0.8% |
| MPC | lever | closed | 2026-09-01 | 380.78 | 2026-09-02 | 380.37 | 1 | -0.1% |
| DBA | position | closed | 2026-08-31 | 29.09 | 2026-09-17 | 28.66 | 12 | -1.5% |
| DBA | lever | closed | 2026-08-31 | 29.09 | 2026-09-04 | 29.04 | 4 | -0.3% |
| ALB | position | closed | 2026-08-27 | 134.44 | 2026-09-04 | 126.46 | 6 | -5.9% |
| CPER | lever | closed | 2026-08-27 | 39.91 | 2026-09-04 | 39.91 | 6 | -0.1% |
| XOM | lever | closed | 2026-08-25 | 161.45 | 2026-09-02 | 163.93 | 6 | +1.4% |
| OXY | position | closed | 2026-08-24 | 60.72 | 2026-09-17 | 58.67 | 17 | -3.4% |
| NEM | position | closed | 2026-08-20 | 124.00 | 2026-09-10 | 124.66 | 14 | +0.5% |
| RIO | position | closed | 2026-08-20 | 99.06 | 2026-09-25 | 93.93 | 25 | -5.2% |
| PPLT | position | closed | 2026-08-19 | 16.01 | 2026-09-01 | 15.87 | 9 | -0.9% |
| URA | position | closed | 2026-08-19 | 44.33 | 2026-09-24 | 41.65 | 25 | -6.0% |
| GDX | position | closed | 2026-08-10 | 88.90 | 2026-09-24 | 92.52 | 32 | +4.1% |
| XOM | position | closed | 2026-07-28 | 153.19 | 2026-09-14 | 168.70 | 33 | +10.1% |
| BHP | position | closed | 2026-07-06 | 81.16 | 2026-09-23 | 85.80 | 56 | +5.7% |
| Ticker | Trade | Status | Entry | Entry px | Exit / last | Exit px | Bars | Return |
|---|---|---|---|---|---|---|---|---|
| MP | position | closed | 2026-08-25 | 57.17 | 2026-08-31 | 56.13 | 4 | -1.8% |
| SLV | lever | closed | 2026-08-25 | 60.99 | 2026-08-31 | 60.39 | 4 | -1.1% |
| AU | position | closed | 2026-08-24 | 120.51 | 2026-08-27 | 117.41 | 3 | -2.6% |
| OXY | lever | closed | 2026-08-24 | 60.72 | 2026-08-25 | 58.80 | 1 | -3.2% |
| SCCO | lever | closed | 2026-08-24 | 219.00 | 2026-08-28 | 217.56 | 4 | -0.7% |
| FNV | lever | closed | 2026-08-19 | 242.39 | 2026-08-20 | 248.58 | 1 | +2.5% |
| PALL | position | closed | 2026-08-18 | 23.67 | 2026-08-26 | 24.32 | 6 | +2.7% |
| FNV | lever | closed | 2026-08-12 | 240.87 | 2026-08-18 | 235.60 | 4 | -2.3% |
| BCI | lever | closed | 2026-08-11 | 24.45 | 2026-08-26 | 25.00 | 11 | +2.0% |
| BHP | lever | closed | 2026-08-10 | 88.30 | 2026-08-31 | 94.01 | 15 | +6.2% |
| DE | lever | closed | 2026-08-07 | 612.35 | 2026-08-13 | 619.55 | 4 | +1.1% |
| NEM | position | closed | 2026-08-06 | 103.33 | 2026-08-12 | 119.76 | 4 | +15.9% |
| USO | position | closed | 2026-08-06 | 116.46 | 2026-08-17 | 127.29 | 7 | +9.3% |
| VALE | position | closed | 2026-08-06 | 14.49 | 2026-08-25 | 15.01 | 13 | +3.6% |
| FNV | position | closed | 2026-08-05 | 230.32 | 2026-08-20 | 248.58 | 11 | +7.9% |
| DBA | position | closed | 2026-08-03 | 27.51 | 2026-08-25 | 28.03 | 16 | +1.9% |
| CPER | lever | closed | 2026-07-31 | 39.24 | 2026-08-10 | 40.06 | 6 | +2.0% |
| XOM | lever | closed | 2026-07-31 | 152.77 | 2026-08-10 | 153.52 | 6 | +0.4% |
| ALB | position | closed | 2026-07-29 | 114.89 | 2026-08-06 | 127.29 | 6 | +10.8% |
| GDX | position | closed | 2026-07-29 | 73.94 | 2026-08-04 | 77.61 | 4 | +5.0% |
| LNG | lever | closed | 2026-07-28 | 253.99 | 2026-08-07 | 263.84 | 8 | +3.7% |
| NTR | lever | closed | 2026-07-28 | 68.26 | 2026-08-07 | 65.64 | 8 | -4.0% |
| AEM | position | closed | 2026-07-23 | 142.17 | 2026-08-07 | 177.05 | 11 | +24.5% |
| LNG | position | closed | 2026-07-23 | 271.63 | 2026-08-17 | 273.43 | 17 | +0.7% |
| GLD | position | closed | 2026-07-21 | 371.70 | 2026-08-31 | 407.76 | 29 | +9.7% |
| PPLT | position | closed | 2026-07-15 | 14.90 | 2026-08-03 | 14.62 | 13 | -1.9% |
| SIL | position | closed | 2026-06-29 | 77.59 | 2026-08-04 | 77.68 | 25 | +0.1% |
| Ticker | Trade | Status | Entry | Entry px | Exit / last | Exit px | Bars | Return |
|---|---|---|---|---|---|---|---|---|
| DE | lever | closed | 2026-07-27 | 627.71 | 2026-07-31 | 600.06 | 4 | -4.5% |
| SIL | lever | closed | 2026-07-27 | 76.19 | 2026-07-29 | 73.17 | 2 | -4.0% |
| SCCO | lever | closed | 2026-07-24 | 179.13 | 2026-07-28 | 170.64 | 2 | -4.8% |
| NEM | position | closed | 2026-07-20 | 89.92 | 2026-07-29 | 91.27 | 7 | +1.5% |
| GDX | position | closed | 2026-07-17 | 70.40 | 2026-07-23 | 74.44 | 4 | +5.7% |
| SCCO | lever | closed | 2026-07-16 | 173.77 | 2026-07-22 | 184.61 | 4 | +6.2% |
| BHP | lever | closed | 2026-07-15 | 83.86 | 2026-07-30 | 83.87 | 11 | -0.2% |
| MP | position | closed | 2026-07-15 | 50.97 | 2026-07-22 | 45.54 | 5 | -10.6% |
| SLV | position | closed | 2026-07-15 | 52.71 | 2026-07-16 | 50.91 | 1 | -3.4% |
| SCCO | position | closed | 2026-07-13 | 170.97 | 2026-07-28 | 170.64 | 11 | -0.2% |
| CPER | lever | closed | 2026-07-07 | 37.68 | 2026-07-17 | 37.53 | 8 | -0.6% |
| ALB | position | closed | 2026-07-06 | 135.39 | 2026-07-13 | 125.67 | 5 | -7.2% |
| NTR | lever | closed | 2026-07-06 | 64.80 | 2026-07-16 | 67.11 | 8 | +3.4% |
| RIO | position | closed | 2026-07-06 | 91.85 | 2026-07-09 | 87.55 | 3 | -4.7% |
| URA | position | closed | 2026-07-06 | 43.76 | 2026-07-29 | 38.49 | 17 | -12.0% |
| VALE | position | closed | 2026-07-06 | 14.70 | 2026-07-30 | 14.58 | 18 | -0.9% |
| XOM | position | closed | 2026-07-02 | 136.28 | 2026-07-16 | 144.35 | 9 | +5.9% |
| DBA | position | closed | 2026-07-01 | 26.74 | 2026-07-22 | 28.20 | 14 | +5.5% |
| NEM | position | closed | 2026-07-01 | 92.20 | 2026-07-07 | 95.88 | 3 | +4.0% |
| GDX | position | closed | 2026-06-29 | 76.13 | 2026-07-08 | 74.09 | 6 | -2.7% |
| GLD | position | closed | 2026-06-29 | 370.57 | 2026-07-09 | 378.50 | 7 | +2.1% |
| PALL | position | closed | 2026-06-29 | 21.91 | 2026-07-16 | 23.20 | 12 | +5.9% |
| SLV | position | closed | 2026-06-29 | 52.77 | 2026-07-02 | 55.11 | 3 | +4.4% |
| USO | position | closed | 2026-06-29 | 106.65 | 2026-07-07 | 105.67 | 5 | -0.9% |
| Ticker | Trade | Status | Entry | Entry px | Exit / last | Exit px | Bars | Return |
|---|---|---|---|---|---|---|---|---|
| PPLT | position | closed | 2026-06-29 | 14.34 | 2026-06-30 | 14.20 | 1 | -1.0% |
This page is not the performance record. Returns, volatility and drawdown are computed from the locked daily series on the track record page. A row here tells you what one position did. It does not tell you what the Systematic Portfolio did.
Published for information and education. It is not personalised advice, not a managed account, and not a recommendation to buy or sell any security. Capital is at risk. Past and backtested performance tell you nothing certain about the future.