Outperforming the Market: Portfolio Strategy Cloning from SEC 13F Filings

Abstract Can mirroring of hedge fund strategies lead to market-outperforming returns? Our findings demonstrate that cloned portfolios in the top quartile, derived from SEC Form 13F filings, replicate the funds’ performances and exceed the S&P 500 index by 24.3% on an annualized risk-adjusted basis. Analyzing over 150,000 portfolios between 2013 and 2023, we compare original […] Source