Subject says it all, but I'm wondering if there's a site that lets you see and/or explore what a fund held when, to examine their performance and determine if it was b/c of just a handful of 'lucky' picks or not, and/or to see how they might have been positioned at any given point in (fairly) recent history?
I think TRP lets you go back a few quarters to see how fund holdings change, but that's just one firm/family.
Many funds post holding reports but the new ones replace the old ones.
I saw LLPFX jumped up 8% in a week recently, and even though it has less than 30 positions, without looking up each one, I could not figure out why.
Am I correct to remember that I think M* used to have a fund compare tool that would search for funds with similar compositions? Does it still work?
Similar Funds compares each fund with all other funds in its investment category. For example, if a fund's category is listed as large growth then it will be compared only with other large-growth funds. Depending on the specific ticker you input, we may screen on additional criteria, too. For example, if you input a market-neutral fund, Similar Funds will only consider other market-neutral funds in its results.....
The portfolio similarity score is determined by comparing various attributes of each fund's most recent portfolio. The exact attributes vary depending on the type of fund being compared. For domestic-stock funds, for example, we look at the following portfolio data: asset allocation, weightings in top three sectors, percent of assets in top-10 holdings, fund turnover, median market cap, and P/E. Funds are scored from 0 to 10, with 10 being the most similar. Funds with incomplete portfolio data may have their portfolio similarity score excluded or penalized by these calculations.
Legacy M* holdings page for LLPFX
Figuring on around a half minute per holding, that's around a quarter hour. Still tedious, but manageable. Of course one would have to do this immediately following the period of interest since the easily available data are immediately trailing one week (and one month, etc.) returns.
FWIW, looking at LLPFX, after August (i.e. recently) I don't see an 8% jump in a week. In a month, perhaps.
The fund declined for most of Sept, hitting its nadir on Sept 21, then climbing 3% and giving most of it back by Sept 30th. From that point, the fund generally ascended, reaching an 8% increase on Nov 4th and topping out with a 10% gain in Nov 5th. From there the fund gave everything plus a little more back by Dec 1.
From this new low point, the fund never climbed 8%. It did rise 7% by Dec 27th, where it effectively plateaued. So I took a quick look for holdings that climbed sharply over the month of December.
MGM up 13%, H (Hyatt) up 22%, FFH (Fairfax Financial) up 10%, CNHI (CNH Industrial) up 19%, FDX (FedEx) up 13%.