Return Attribution — Steadfast Capital Management
← Portfolio Analysis
Clone backtest (value-weighted, one-quarter signal lag): each position's contribution = its portfolio weight × next-quarter return. Contribution sums equal the segment return of the clone.
Steadfast Capital Management (13F portfolio cloned at quarter-end weights) delivered a -5.01% return over the 2026-Q2 → latest period. The clone return is the sum of each position's contribution — portfolio weight times next-quarter price return.
Top drivers in 2026-Q2 → latest: GOOGL (+2.15%), NVDA (+0.55%), AMZN (+0.48%). Biggest drags: DKS (-1.82%), SPHR (-1.14%), SGI (-1.08%). Across all 20 segmented periods, 44 stocks made a positive cumulative contribution and 46 subtracted from performance.
This attribution is a diagnostic tool, not a trading signal. The clone uses end-of-quarter holdings (45+ days after filing, so stale by design), applies quarter-end prices only, and ignores intra-quarter trades, shorts, and derivatives that 13F cannot show.
2026-Q2 → latest segment return
-5.01%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| GOOGL |
1.3% |
+162.0% |
+2.15% |
| NVDA |
2.9% |
+19.0% |
+0.55% |
| AMZN |
5.5% |
+8.7% |
+0.48% |
| SNOW |
1.4% |
+30.8% |
+0.42% |
| CNK |
2.7% |
+15.1% |
+0.41% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| DKS |
4.4% |
-41.6% |
-1.82% |
| SPHR |
3.0% |
-38.6% |
-1.14% |
| SGI |
5.1% |
-21.0% |
-1.08% |
| HD |
3.6% |
-18.5% |
-0.67% |
| PLNT |
3.4% |
-17.4% |
-0.59% |
2026-Q1 → 2026-Q2 segment return
+13.8%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| PFGC |
10.0% |
+30.5% |
+3.04% |
| SN |
4.5% |
+43.8% |
+1.95% |
| CSCO |
3.4% |
+51.3% |
+1.74% |
| SPHR |
2.9% |
+47.4% |
+1.35% |
| TSM |
2.9% |
+39.6% |
+1.13% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| PLNT |
5.6% |
-29.9% |
-1.68% |
| INTU |
2.6% |
-39.9% |
-1.03% |
| CBOE |
2.3% |
-13.7% |
-0.31% |
| ADSK |
0.7% |
-18.8% |
-0.13% |
| SHOP |
1.9% |
-4.6% |
-0.09% |
2025-Q4 → 2026-Q1 segment return
-8.58%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| CIEN |
1.2% |
+66.0% |
+0.82% |
| SPHR |
1.7% |
+23.5% |
+0.41% |
| USFD |
1.2% |
+22.4% |
+0.28% |
| COST |
1.6% |
+15.6% |
+0.25% |
| TSM |
1.6% |
+11.7% |
+0.19% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| WING |
3.9% |
-35.0% |
-1.36% |
| APP |
2.8% |
-40.4% |
-1.14% |
| PLNT |
3.5% |
-31.4% |
-1.11% |
| SHOP |
3.0% |
-26.0% |
-0.77% |
| AMZN |
8.3% |
-9.3% |
-0.77% |
2025-Q3 → 2025-Q4 segment return
-0.72%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| GAP |
3.7% |
+19.7% |
+0.73% |
| SPHR |
1.4% |
+53.1% |
+0.72% |
| TJX |
5.2% |
+6.5% |
+0.34% |
| AMZN |
5.8% |
+5.4% |
+0.32% |
| TSM |
2.2% |
+9.6% |
+0.22% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| POOL |
2.7% |
-26.2% |
-0.72% |
| FLUT |
3.7% |
-15.3% |
-0.56% |
| NFLX |
2.4% |
-21.5% |
-0.51% |
| UBER |
2.7% |
-16.5% |
-0.45% |
| FND |
2.3% |
-17.4% |
-0.4% |
2025-Q2 → 2025-Q3 segment return
+2.72%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| APP |
1.6% |
+105.2% |
+1.68% |
| SGI |
2.4% |
+24.2% |
+0.58% |
| SPHR |
0.9% |
+48.6% |
+0.45% |
| TSM |
1.8% |
+22.9% |
+0.42% |
| CELH |
1.7% |
+23.9% |
+0.4% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| CHTR |
2.7% |
-32.7% |
-0.89% |
| FLUT |
5.1% |
-11.1% |
-0.57% |
| WING |
1.4% |
-25.3% |
-0.36% |
| SG |
0.7% |
-46.4% |
-0.35% |
| TXRH |
2.1% |
-11.3% |
-0.24% |
2025-Q1 → 2025-Q2 segment return
+14.83%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| GEV |
2.3% |
+73.5% |
+1.71% |
| META |
4.8% |
+28.8% |
+1.38% |
| WING |
2.6% |
+49.3% |
+1.26% |
| APP |
3.3% |
+33.1% |
+1.09% |
| CVNA |
1.6% |
+61.8% |
+0.97% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| UNH |
1.6% |
-40.5% |
-0.64% |
| HUM |
5.5% |
-7.3% |
-0.4% |
| SG |
0.6% |
-40.5% |
-0.23% |
| GEHC |
1.2% |
-8.2% |
-0.1% |
| FLG |
0.6% |
-8.8% |
-0.05% |
2024-Q4 → 2025-Q1 segment return
-5.01%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| KR |
5.7% |
+10.7% |
+0.61% |
| BSX |
4.3% |
+12.9% |
+0.56% |
| SPOT |
2.0% |
+23.0% |
+0.47% |
| SBUX |
4.3% |
+7.2% |
+0.31% |
| AIG |
1.5% |
+20.0% |
+0.3% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| ROST |
5.0% |
-15.5% |
-0.78% |
| FIVE |
2.5% |
-28.6% |
-0.72% |
| LAD |
3.3% |
-17.9% |
-0.6% |
| APP |
2.8% |
-19.0% |
-0.53% |
| AMZN |
3.7% |
-13.9% |
-0.52% |
2024-Q3 → 2024-Q4 segment return
+2.56%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| SPOT |
5.1% |
+21.0% |
+1.06% |
| GEV |
3.3% |
+29.1% |
+0.96% |
| CCL |
2.4% |
+34.8% |
+0.82% |
| PLNT |
3.1% |
+21.7% |
+0.67% |
| AMZN |
3.3% |
+18.3% |
+0.6% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| CEG |
6.5% |
-13.8% |
-0.9% |
| HUM |
4.6% |
-19.6% |
-0.89% |
| UBER |
2.7% |
-19.7% |
-0.53% |
| PDD |
1.6% |
-26.9% |
-0.44% |
| ADBE |
2.5% |
-13.7% |
-0.34% |
2024-Q2 → 2024-Q3 segment return
+5.51%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| GEV |
3.5% |
+48.7% |
+1.71% |
| HD |
5.1% |
+17.5% |
+0.89% |
| SPOT |
3.6% |
+17.2% |
+0.62% |
| UNH |
4.0% |
+14.9% |
+0.59% |
| VST |
1.4% |
+38.2% |
+0.53% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| HUM |
9.2% |
-15.0% |
-1.38% |
| SNPS |
1.8% |
-15.0% |
-0.27% |
| AMZN |
6.1% |
-3.9% |
-0.24% |
| ADBE |
2.4% |
-7.2% |
-0.17% |
| MSFT |
3.6% |
-4.1% |
-0.15% |
2024-Q1 → 2024-Q2 segment return
+4.7%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| VST |
8.2% |
+23.8% |
+1.95% |
| NVDA |
2.6% |
+37.3% |
+0.98% |
| GEV |
1.8% |
+25.4% |
+0.46% |
| BSX |
3.6% |
+12.4% |
+0.44% |
| AMZN |
5.5% |
+7.5% |
+0.41% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| INTC |
2.3% |
-29.8% |
-0.68% |
| GPN |
1.6% |
-27.4% |
-0.43% |
| SGI |
2.1% |
-16.5% |
-0.34% |
| CPAY |
2.3% |
-13.7% |
-0.32% |
| WDAY |
1.7% |
-17.3% |
-0.29% |
2023-Q4 → 2024-Q1 segment return
+9.5%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| META |
5.3% |
+37.6% |
+2.0% |
| NVDA |
2.1% |
+82.7% |
+1.73% |
| VST |
2.1% |
+81.4% |
+1.72% |
| AMZN |
4.5% |
+18.5% |
+0.84% |
| BSX |
4.3% |
+18.5% |
+0.8% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| CHTR |
3.1% |
-25.2% |
-0.79% |
| INTC |
3.1% |
-12.2% |
-0.37% |
| HDB |
2.2% |
-16.6% |
-0.37% |
| ADBE |
1.8% |
-15.4% |
-0.27% |
| CCL |
1.9% |
-11.9% |
-0.23% |
2023-Q3 → 2023-Q4 segment return
+9.16%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| UBER |
4.2% |
+33.9% |
+1.43% |
| INTC |
2.6% |
+41.4% |
+1.09% |
| META |
4.5% |
+17.8% |
+0.81% |
| ROST |
3.1% |
+22.5% |
+0.7% |
| MSFT |
3.6% |
+18.9% |
+0.69% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| CHTR |
3.8% |
-11.6% |
-0.44% |
| TKO |
0.7% |
-3.0% |
-0.02% |
| WMT |
0.7% |
-1.4% |
-0.01% |
| JD |
1.5% |
-0.6% |
-0.01% |
| SPOT |
0.3% |
+19.9% |
+0.06% |
2023-Q2 → 2023-Q3 segment return
+1.63%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| CEG |
3.2% |
+19.5% |
+0.62% |
| CHTR |
3.1% |
+19.7% |
+0.62% |
| VST |
1.8% |
+27.2% |
+0.5% |
| SLB |
2.6% |
+19.2% |
+0.49% |
| GPN |
1.5% |
+17.5% |
+0.26% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| HDB |
2.7% |
-15.4% |
-0.42% |
| JD |
2.0% |
-14.8% |
-0.3% |
| IQV |
2.2% |
-12.5% |
-0.28% |
| MSFT |
2.8% |
-7.3% |
-0.2% |
| ENTG |
1.2% |
-15.2% |
-0.19% |
2023-Q1 → 2023-Q2 segment return
+5.92%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| META |
3.9% |
+35.3% |
+1.39% |
| UBER |
3.8% |
+35.8% |
+1.35% |
| CEG |
4.8% |
+17.0% |
+0.82% |
| ADBE |
2.4% |
+26.7% |
+0.64% |
| MSFT |
3.1% |
+18.0% |
+0.57% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| JD |
2.7% |
-22.2% |
-0.59% |
| DG |
1.2% |
-19.1% |
-0.24% |
| TMUS |
3.7% |
-3.9% |
-0.14% |
| AVTR |
3.3% |
-2.8% |
-0.09% |
| GPN |
1.1% |
-7.1% |
-0.08% |
2022-Q4 → 2023-Q1 segment return
+6.36%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| META |
4.8% |
+75.4% |
+3.63% |
| UBER |
6.1% |
+28.1% |
+1.72% |
| MSFT |
4.7% |
+20.1% |
+0.95% |
| WDAY |
2.1% |
+23.4% |
+0.49% |
| ICLR |
4.6% |
+10.0% |
+0.46% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| CEG |
10.6% |
-8.6% |
-0.92% |
| JD |
3.2% |
-21.8% |
-0.69% |
| UNH |
3.0% |
-8.5% |
-0.26% |
| DPZ |
2.7% |
-4.8% |
-0.13% |
| HDB |
2.7% |
-2.5% |
-0.07% |
2022-Q3 → 2022-Q4 segment return
+10.16%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| BURL |
4.7% |
+81.2% |
+3.82% |
| DECK |
6.3% |
+27.7% |
+1.74% |
| BBWI |
5.3% |
+29.3% |
+1.55% |
| LVS |
2.6% |
+28.1% |
+0.72% |
| WDAY |
6.7% |
+9.9% |
+0.66% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| LNG |
10.3% |
-9.4% |
-0.97% |
| FIS |
5.8% |
-10.2% |
-0.59% |
| GPN |
6.0% |
-8.1% |
-0.48% |
| GME |
0.3% |
-26.5% |
-0.07% |
| AAPL |
1.1% |
-5.5% |
-0.06% |
2022-Q2 → 2022-Q3 segment return
-2.28%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| LNG |
7.4% |
+25.0% |
+1.85% |
| DECK |
7.1% |
+22.4% |
+1.6% |
| BBWI |
3.6% |
+21.1% |
+0.77% |
| WDAY |
4.9% |
+9.1% |
+0.44% |
| ROST |
1.4% |
+20.0% |
+0.28% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| FIS |
9.1% |
-17.6% |
-1.6% |
| CHTR |
3.1% |
-35.3% |
-1.08% |
| OKTA |
2.6% |
-37.1% |
-0.96% |
| MSFT |
8.6% |
-9.3% |
-0.8% |
| ICLR |
5.0% |
-15.2% |
-0.76% |
2022-Q1 → 2022-Q2 segment return
-10.6%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| TMUS |
4.4% |
+4.2% |
+0.18% |
| JD |
1.4% |
+11.2% |
+0.15% |
| BABA |
0.2% |
+6.0% |
+0.01% |
| UNH |
3.4% |
-0.8% |
-0.03% |
| C |
0.3% |
-13.0% |
-0.04% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| SPY |
16.3% |
-16.8% |
-2.73% |
| AMZN |
4.5% |
-34.8% |
-1.55% |
| WDAY |
2.8% |
-42.0% |
-1.19% |
| MSFT |
5.9% |
-17.0% |
-0.99% |
| GPN |
4.2% |
-19.7% |
-0.83% |
2021-Q4 → 2022-Q1 segment return
-7.56%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| TMUS |
3.0% |
+10.7% |
+0.32% |
| ELV |
3.0% |
+6.3% |
+0.19% |
| UNH |
5.6% |
+2.8% |
+0.16% |
| GPN |
2.5% |
+1.9% |
+0.05% |
| V |
1.1% |
+2.4% |
+0.03% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| META |
5.9% |
-33.8% |
-2.0% |
| SE |
2.5% |
-46.4% |
-1.17% |
| ADBE |
3.9% |
-19.2% |
-0.74% |
| ICLR |
3.2% |
-21.5% |
-0.68% |
| ABT |
3.7% |
-15.6% |
-0.58% |
2021-Q3 → 2021-Q4 segment return
+2.84%
Top contributors
| Symbol | Weight | Return | Contrib |
|---|
| SPY |
21.6% |
+10.5% |
+2.27% |
| MSFT |
5.1% |
+19.3% |
+0.98% |
| UNH |
3.2% |
+28.4% |
+0.92% |
| DDOG |
1.6% |
+27.1% |
+0.44% |
| WDAY |
1.6% |
+9.4% |
+0.15% |
Biggest drags
| Symbol | Weight | Return | Contrib |
|---|
| SE |
2.6% |
-30.2% |
-0.77% |
| GPN |
2.7% |
-14.2% |
-0.38% |
| ROKU |
1.1% |
-27.4% |
-0.3% |
| HDB |
2.3% |
-11.0% |
-0.25% |
| TMUS |
2.5% |
-9.9% |
-0.25% |
Cumulative Contribution (all segments)