What if you had copied Glenview Capital?
Larry Robbins
The verdict
Copying Glenview Capital's 13F filings from Feb 2020 would have turned $10,000 into $27,038, more than the S&P 500 did.
The S&P 500 turned the same $10,000 into $24,639 over the same days. The copy returned +15.9% a year against +14.4% for the S&P 500, 1.6 points a year ahead. Its worst fall was 44.0%, from Feb 20, 2020 to Mar 23, 2020. The S&P 500's worst fall over the test was 33.7%.
Copied Feb 18, 2020 to Nov 9, 2026 · SEC 13F filings and daily closes
What $10,000 became
- Copying Glenview Capital$27,038
- S&P 500$24,639
- Bought their first portfolio and never traded$27,759
If you had bought their first portfolio and never traded, you would have ended at $27,759, so following every move cost $721.
- $10,000 copied
- $27,038
- +170.4%, +15.9% a year
- In the S&P 500
- $24,639
- +146.4%, +14.4% a year
- No trading
- $27,759
- Bought their first portfolio and never traded
- Worst fall
- −44.0%
- Feb 20, 2020 to Mar 23, 2020
- Trades
- 433
- 237 buys, 196 sales over 27 filings; about 74% of the copy traded a year
The moves that made the most
- THCTenet Healthcare+$6,393
Held since Feb 2020, the stock up 773%
- CVSCVS Health+$2,066
Held since Feb 2024, the stock up 23%
- MCKMcKesson+$1,424
Held from Feb 2020 to May 2026, the stock up 382%
Held since Feb 2026, the stock up 154%
Held from Feb 2020 to Feb 2026, the stock up 31%
Held since Feb 2020, the stock up 75%
The moves that cost the most
Held from Aug 2022 to Aug 2026, the stock down 81%
- BHCBausch Health Cos−$862
Held from Feb 2020 to Nov 2024, the stock down 82%
- CLVTClarivate−$526
Held from Aug 2022 to Feb 2026, the stock down 86%
- DXCDXC Technology−$403
Held from Feb 2020 to Aug 2026, the stock down 64%
- MYGNMyriad Genetics−$278
Held from Feb 2020 to Aug 2026, the stock down 84%
Held from May 2020 to Feb 2026, the stock down 36%
Year by year
| Year | Copy | S&P 500 | Gap, pts |
|---|---|---|---|
| 2020from Feb 2020 | +10.4% | +13.1% | −2.7 |
| 2021 | +37.5% | +28.7% | +8.8 |
| 2022 | −13.6% | −18.2% | +4.6 |
| 2023 | +21.8% | +26.2% | −4.3 |
| 2024 | +11.1% | +24.9% | −13.8 |
| 2025 | +24.3% | +17.7% | +6.6 |
| 2026to Nov 2026 | +22.5% | +11.5% | +11.0 |
A historical test on paper, before costs and taxes. It trades at the close of the first trading day after each filing comes out, up to 45 days after the quarter, and skips delisted companies, which flatters it.