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Enhanced Manager Strategy

Tepper Tactical

Built around one of the most legendary investors alive, enhanced with tactical risk management.

Today's Portfolio Return

All figures are backtested → · benchmark: S&P 500 TR

18.1%
CAGR
+7%
Alpha
0.63
Sharpe
1.12
Sortino
-60.7%
Max Drawdown
1.31
Beta

Growth of $10,000

Data through May 20, 2026Log scale

Tepper Tactical
S&P 500
Final Value
$690,861.61
Tepper Tactical
S&P 500 Value
$91,568.23
Benchmark
Outperformance
+654.5%
vs Benchmark
$10k$20k$50k$100k$200k$500k2001200520102014201820232026
Year

Performance

Live through May 20, 2026
Year-to-date
Jan 1 → May 20, 2026
Portfolio+5.8%
S&P 500 TR+8.1%
Alpha-2.3%
Since last rebalance
Feb 18, 2026 → May 20, 2026 · 91 days
Portfolio+1.7%
S&P 500 TR+7.1%
Alpha-5.5%
1-year trailing
Apr 30, 2025 → May 20, 2026
Portfolio+52.0%
S&P 500 TR+34.0%
Alpha+17.9%

All three windows use the same data source as the chart. YTD spans the most recent rebalance; the rebalance window is one holdings composition only.

Year-by-Year Returns

Data through May 20, 2026

Annual returns vs S&P 500 TR. Green beats the benchmark, red trails it.

Tepper Tactical
S&P 500 TR
14
Years Beat Benchmark
11
Years Trailed
56%
Win Rate
About these numbers: Advising Alpha is a publisher, not a Registered Investment Adviser. We can't publish audited live returns the way mutual funds and hedge funds do, but we can share rigorous backtests of our methodology. Hypothetical, backtested performance based on the methodology applied to historical data. Members who execute the same trades may not achieve the same results due to timing, fees, taxes, and individual circumstances. Past performance does not guarantee future results. Read the full methodology disclosure →
Portfolio Normality Indicator

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Returns by Rebalance Period

How each set of holdings performed in its own window. Different time period than YTD — YTD covers Jan 1 forward and spans rebalances; each row below covers a single holdings composition.

PeriodDatesDaysPortfolioS&P 500 TRAlpha
Current (from Q1 2026)Live
Feb 18, 2026 → May 20, 202691+1.7%+7.1%-5.5%

Key Characteristics

  • Built around one of the most legendary investors alive
  • Enhanced with tactical stop-loss management to protect gains
  • Concentrated exposure to a proven guru's best ideas
  • Highest return potential across our lineup
  • Quarterly review with tactical risk management

Rebalance Schedule

Rebalance Window Open
Last: Feb 18, 2026(92d ago)
Window: May 20–25, 2026

Tepper Tactical rebalances four times a year, on the 20th to 25th of February, May, August, and November — anchored to the SEC 13F filing cycle so we can act on the latest institutional disclosures. Pro members get the trade list by email the moment we publish.

Sector Posture

Tepper Tacticalvs S&P 500

Tepper Tactical
Offense 76%
Def 8%
Ind 16%
100%
S&P 500
Offense 63%
Def 21%
Ind 16%
100%
Offense +13.0pp
Defense -13.0pp
Independents +0.0pp
Aggressive offensive lean — overweight the growth-and-expansion sectors.

Sector weights as of 2026-05-04. Posture is one of several lenses we use to read a portfolio — never used in isolation.

Current Holdings

Checking access...

Full sector breakdown

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Why we own these

Checking access...

The trophy room. Yes, this is cherry-picked. That is the point. The full record, including the picks that did not work, is on the Track Record page.

The Wins

Tepper Tactical Hall of Fame

The 10 biggest closed-position wins from this portfolio. Total returns include dividends, verified against YCharts.

1
BCBrunswick Corp
+401%
Feb 2009Nov 2010Held 1 yr 9 moCrisis recovery buy
2
NVDANVIDIA Corp
+386%
May 2023Nov 2024Held 1 yr 6 moAI cycle
3
ETEnergy Transfer LP
+346%
Aug 2020Feb 2026Held 5 yr 6 moCyclical patience
4
ODPODP Corporation (The)
+303%
Feb 2009Feb 2010Held 1 yrCrisis recovery buy
5
CNXCNX Resources Corp
+284%
Feb 2004May 2006Held 2 yr 3 moEnergy cyclical
6
DALDelta Air Lines Inc
+236%
May 2012Aug 2016Held 4 yr 3 moIndustry consolidation play
7
UALUnited Airlines Holdings Inc
+227%
Feb 2010Feb 2016Held 6 yrIndustry consolidation play
8
OXYOccidental Petroleum Corp
+181%
Feb 2021Nov 2022Held 1 yr 9 moEnergy cyclical
9
MUMicron Technology, Inc
+176%
Feb 2017Nov 2022Held 5 yr 9 moMemory cycle
10
LTCLTC Properties, Inc
+173%
May 2001Aug 2003Held 2 yr 3 moREIT income

These are closed positions in the model portfolio, ranked by total return percentage (price + dividends). Hypothetical, backtested performance based on the methodology applied to historical data. Members who execute the same trades may not achieve the same results due to timing, fees, taxes, and individual circumstances. Past performance does not guarantee future results.