What if you had copied Steve Cohen?
Democrat, TN-9
The verdict
Copying Steve Cohen's reported trades from Jun 2023 would have turned $10,000 into $21,354, more than the S&P 500 did.
The S&P 500 turned the same $10,000 into $17,997 over the same days. The copy returned +25.2% a year against +19.0% for the S&P 500, 6.2 points a year ahead. Its worst fall was 26.4%, from Nov 25, 2024 to Apr 8, 2025. The S&P 500's worst fall over the test was 18.8%.
Copied Jun 27, 2023 to Nov 9, 2026 · House trade reports and daily closes
What $10,000 became
- Copying Steve Cohen$21,354
- S&P 500$17,998
- Kept every buy and ignored their sales$21,354
If you had kept every buy and ignored their sales, you would have ended at about the same place, $21,354.
- $10,000 copied
- $21,354
- +113.5%, +25.2% a year
- In the S&P 500
- $17,997
- +80.0%, +19.0% a year
- Kept every buy
- $21,354
- Their sales ignored
- Worst fall
- −26.4%
- Nov 25, 2024 to Apr 8, 2025
- Trades
- 3
- 3 buys, 0 sales
The moves that made the most
- FHNFirst Horizon+$8,323
Held since Jun 2023, the stock up 134%
- FDXFedEx+$3,056
Held since Jul 2023, the stock up 56%
The moves that cost the most
Held since May 2026, the stock down 2%
Year by year
| Year | Copy | S&P 500 | Gap, pts |
|---|---|---|---|
| 2023from Jun 2023 | +22.7% | +9.8% | +12.9 |
| 2024 | +33.2% | +24.9% | +8.3 |
| 2025 | +16.0% | +17.7% | −1.7 |
| 2026to Nov 2026 | +12.6% | +11.5% | +1.1 |
A historical test on paper, before costs and taxes. It trades at the close of the first trading day after each report comes out, up to 45 days after the trade, sizes from reported ranges, and skips delisted companies, which flatters it.