Question 1

What is the Conviction Score?

Accepted Answer

Conviction Score (0–100) quantifies how meaningful a position is to the fund that holds it. It's a weighted geometric mean of three dimensions: portfolio commitment (weight_in_portfolio), action intensity (NEW vs INCREASED size), and dollar magnitude (LOG10 of position value).

Question 2

How is Conviction Score calculated?

Accepted Answer

Three components: Commitment (0.35 weight, maps portfolio weight to 0–100), Action (0.30 weight, distinguishes NEW from INCREASED), Credibility (0.35 weight, dollar magnitude). raw = pow(commitment, 0.35) × pow(action, 0.30) × pow(credibility, 0.35). Adds up to +3 concentration bonus for funds with ≤20 positions.

Question 3

What conviction score is considered strong?

Accepted Answer

Scores 75+ indicate exceptional conviction across all three dimensions. 60–74 is a meaningful commitment. Below 50 is usually low-magnitude or diffuse positioning. The Conviction Backtesting page shows forward-return performance by band.

Question 4

Does Conviction Score work for SOLD or DECREASED positions?

Accepted Answer

No. Conviction Score only fires for NEW or INCREASED positions — it measures how strongly a fund is committing capital, not unwinding it.

#			Action
1	Assenagon Asset Management S.A.	INTC INTEL CORP	Increased	91	+87.1%	$3.6B	3.5%
2	Assenagon Asset Management S.A.	MU MICRON TECHNOLOGY INC	Increased	88	+1528.1%	$3B	2.9%
3	Sustainable Growth Advisers, LP	TSM TAIWAN SEMICONDUCTOR MANUFAC	Increased	86	+390.9%	$202.6M	2.0%
4	Assenagon Asset Management S.A.	AMZN AMAZON COM INC	Increased	85	+46.7%	$6.5B	6.3%
5	Assenagon Asset Management S.A.	QCOM QUALCOMM INC	Increased	81	+7341.8%	$1.3B	1.2%
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High Conviction

High Conviction - latest quarter results