Question 1

How are Best Trades estimated?

Accepted Answer

P&L is estimated using a weighted-average cost basis (built from quarterly position changes since the fund first reported the position) vs the current quarter-end price. 13F filings don't disclose actual transaction prices, so this is a conservative quarter-end-to-quarter-end estimate.

Question 2

Why is this an estimate, not an actual return?

Accepted Answer

Because 13F filings only report quarter-end holdings, not intra-quarter trades. A fund that bought at $50 and sold at $200 within a quarter would never appear on Best Trades — we only see the start- and end-of-quarter snapshots.

Question 3

Are realized gains included?

Accepted Answer

No. Best Trades shows estimated unrealized P&L for currently-active positions. Once a fund exits, the position no longer appears here (it would show up on Exit Alerts for that quarter).

		Price Trend
1 PRIMECAP MANAGEMENT CO/CA/	NVDA NVIDIA CORPORATION	—	$3.30	$202.06	+6019.32%	$3.4B	31 qtrs
2 Chevy Chase Trust Holdings, LLC	NVDA NVIDIA CORPORATION	—	$3.39	$202.06	+5868.22%	$2.9B	31 qtrs
3 NEW YORK STATE COMMON RETIREMENT FUND	NVDA NVIDIA CORPORATION	—	$3.87	$202.06	+5119.84%	$4.9B	31 qtrs
4 LONDON CO OF VIRGINIA	NVDA NVIDIA CORPORATION	—	$4.46	$202.06	+4432.53%	$31M	30 qtrs
5 AGADAGE CAPITAL PARTNERS GP, L.L.C.	NVDA NVIDIA CORPORATION	—	$4.77	$202.06	+4135.88%	$4.3B	31 qtrs

Best Trades

Best Trades - Q2 2026 results