TEC016Factor HubTechnical FactorsMedium
Cost Basis Distribution Factor
Estimates the profit-versus-stuck holder mix around the current price.
Formula
ChipDist = ProfitRatio - LockedRatioPerformance (Top-30 equal-weight long, monthly rebalance)
Annualized return
6.40%
Sharpe ratio
0.43
Max drawdown
-34.25%
Total return
85.88%
Cumulative performance（2016-09 … 2026-08）
2016 -9.6%2017 -5.9%2018 -17.2%2019 +12.2%2020 +45.2%2021 +13.5%2022 +37.3%2023 -10.0%2024 -4.1%2025 +6.5%2026 +13.0%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | ADP | ADP | 0.957 |
| 2 | SBAC | SBA Communications | 0.932 |
| 3 | PPG | PPG Industries | 0.920 |
| 4 | TJX | TJX Companies | 0.919 |
| 5 | USB | U.S. Bancorp | 0.915 |
| 6 | TER | Teradyne | 0.913 |
| 7 | KMB | Kimberly-Clark | 0.913 |
| 8 | ABT | Abbott Laboratories | 0.913 |
| 9 | ISRG | Intuitive Surgical | 0.913 |
| 10 | HAL | Halliburton | 0.892 |
| 11 | FDX | FedEx | 0.877 |
| 12 | GE | GE Aerospace | 0.853 |
| 13 | NOW | ServiceNow | 0.852 |
| 14 | AMT | American Tower | 0.818 |
| 15 | OKE | ONEOK | 0.805 |
| 16 | TRV | Travelers | 0.794 |
| 17 | WMB | Williams Companies | 0.787 |
| 18 | MA | Mastercard | 0.782 |
| 19 | AMZN | Amazon | 0.758 |
| 20 | KMI | Kinder Morgan | 0.756 |
| 21 | LMT | Lockheed Martin | 0.756 |
| 22 | SNOW | Snowflake | 0.753 |
| 23 | ON | ON Semiconductor | 0.718 |
| 24 | CHTR | Charter Communications | 0.715 |
| 25 | AIG | American Intl Group | 0.709 |
| 26 | PEG | Public Service Enterprise | 0.709 |
| 27 | TDG | TransDigm | 0.707 |
| 28 | KHC | Kraft Heinz | 0.701 |
| 29 | COST | Costco | 0.692 |
| 30 | FTNT | Fortinet | 0.688 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.