Track record
What happened after we published the list
On 2026-08-03 we froze the 50 companies with the highest HDB Score over a 20Y window. The list has not changed since and cannot: it is published as a hashed file, timestamped by third parties. Every number below is measured forward from that day.
We froze one list per ranking window on the same day and publish all of them — so the window you are reading was not chosen after the fact for looking good.
Since 2026-08-03
33 trading days · closes through 2026-09-18
- The 50 frozen companies, equally weighted
- -5.06%
- S&P 500 (SPY) over the same days
- +0.53%
Difference: -5.59% — over 33 trading days this is noise, not a result. Ignore it until there are at least 90.
Day by day
Every settled trading day since the list was frozen, as recorded. Days are appended once and never revised.
| Date | 50 frozen companies (equal weight) | S&P 500 (SPY) |
|---|---|---|
| 2026-08-03 | 0.00% | 0.00% |
| 2026-08-04 | +0.78% | +1.80% |
| 2026-08-05 | +0.65% | +1.60% |
| 2026-08-06 | +0.36% | +1.44% |
| 2026-08-07 | +0.61% | +2.06% |
| 2026-08-10 | +0.91% | +2.03% |
| 2026-08-11 | -0.20% | +1.70% |
| 2026-08-12 | -0.32% | +1.96% |
| 2026-08-13 | +0.26% | +2.67% |
| 2026-08-14 | -0.04% | +2.46% |
| 2026-08-17 | -0.98% | +1.98% |
| 2026-08-18 | -0.96% | +1.29% |
| 2026-08-19 | -0.17% | +1.50% |
| 2026-08-20 | -0.94% | +0.65% |
| 2026-08-21 | -0.14% | +1.06% |
| 2026-08-24 | +0.28% | +0.77% |
| 2026-08-25 | +0.31% | +1.09% |
| 2026-08-26 | -0.07% | +1.11% |
| 2026-08-27 | -0.36% | +1.77% |
| 2026-08-28 | +0.07% | +1.54% |
| 2026-08-31 | -0.34% | +1.24% |
| 2026-09-01 | -1.33% | +0.54% |
| 2026-09-02 | -1.06% | +0.99% |
| 2026-09-03 | -1.22% | +2.05% |
| 2026-09-04 | -1.91% | +1.65% |
| 2026-09-08 | -3.67% | +1.09% |
| 2026-09-09 | -4.77% | +0.62% |
| 2026-09-10 | -5.23% | +0.02% |
| 2026-09-11 | -4.43% | +0.87% |
| 2026-09-14 | -3.35% | +0.42% |
| 2026-09-15 | -4.23% | -0.04% |
| 2026-09-16 | -5.00% | -0.48% |
| 2026-09-17 | -4.81% | +0.65% |
| 2026-09-18 | -5.06% | +0.53% |
The frozen list
Exactly as published, in the order published. Ranks and entry prices never change.
| # | Company | HDB Score | Entry price | Latest close | Return | Status |
|---|---|---|---|---|---|---|
| 1 | HDBHDFC Bank Limited ADR | 9.64 | 24.10 INR | 23.16 INR | -3.90% | trading |
| 2 | GOOGLAlphabet Inc Class A | 9.57 | 373.51 USD | 349.54 USD | -6.42% | trading |
| 3 | NVONovo Nordisk A/S | 9.54 | 47.09 DKK | 43.24 DKK | -8.18% | trading |
| 4 | ORLYO’Reilly Automotive Inc | 9.32 | 89.76 USD | 84.71 USD | -5.63% | trading |
| 5 | MAMastercard Inc | 9.31 | 570.97 USD | 565.24 USD | -1.00% | trading |
| 6 | NFLXNetflix Inc | 9.18 | 73.33 USD | 71.79 USD | -2.10% | trading |
| 7 | IDXXIDEXX Laboratories Inc | 9.04 | 567.84 USD | 511.65 USD | -9.90% | trading |
| 8 | ROLRollins Inc | 9.02 | 38.19 USD | 32.43 USD | -15.08% | trading |
| 9 | NTESNetEase Inc | 9.01 | 131.58 CNY | 116.19 CNY | -11.70% | trading |
| 10 | TMOThermo Fisher Scientific Inc | 8.99 | 574.03 USD | 651.45 USD | +13.49% | trading |
| 11 | AJGArthur J Gallagher & Co | 8.97 | 247.79 USD | 239.48 USD | -3.35% | trading |
| 12 | APHAmphenol Corporation | 8.97 | 163.34 USD | 77.55 USD | -52.52% | trading |
| 13 | COSTCostco Wholesale Corp | 8.96 | 954.08 USD | 895.31 USD | -6.16% | trading |
| 14 | MNSTMonster Beverage Corp | 8.93 | 93.55 USD | 44.71 USD | -52.21% | trading |
| 15 | ISRGIntuitive Surgical Inc | 8.93 | 375.41 USD | 393.33 USD | +4.77% | trading |
| 16 | RJFRaymond James Financial Inc. | 8.91 | 177.68 USD | 164.75 USD | -7.28% | trading |
| 17 | HEIHeico Corporation | 8.90 | 360.44 USD | 298.22 USD | -17.26% | trading |
| 18 | INFYInfosys Ltd ADR | 8.84 | 12.25 USD | 10.82 USD | -11.67% | trading |
| 19 | CPRTCopart Inc | 8.79 | 29.35 USD | 29.28 USD | -0.24% | trading |
| 20 | SNXSynnex Corporation | 8.79 | 253.82 USD | 266.16 USD | +4.86% | trading |
| 21 | EXRExtra Space Storage Inc | 8.78 | 149.73 USD | 136.71 USD | -8.70% | trading |
| 22 | ICEIntercontinental Exchange Inc | 8.77 | 151.80 USD | 155.47 USD | +2.42% | trading |
| 23 | GGALGrupo Financiero Galicia SA ADR | 8.76 | 50.51 ARS | 41.76 ARS | -17.32% | trading |
| 24 | TOWNTowne Bank | 8.75 | 38.14 USD | 37.08 USD | -2.78% | trading |
| 25 | NICENice Ltd ADR | 8.75 | 100.65 USD | 104.97 USD | +4.29% | trading |
| 26 | WABWestinghouse Air Brake Technologies Corp | 8.75 | 296.47 USD | 280.23 USD | -5.48% | trading |
| 27 | BCPCBalchem Corporation | 8.74 | 173.57 USD | 167.05 USD | -3.76% | trading |
| 28 | INTUIntuit Inc | 8.74 | 318.39 USD | 303.19 USD | -4.77% | trading |
| 29 | TSMTaiwan Semiconductor Manufacturing | 8.73 | 406.11 TWD | 434.67 TWD | +7.03% | trading |
| 30 | AZOAutoZone Inc | 8.73 | 2990.27 USD | 2855.31 USD | -4.51% | trading |
| 31 | FDSFactSet Research Systems Inc | 8.72 | 269.68 USD | 283.83 USD | +5.25% | trading |
| 32 | SSNCSS&C Technologies Holdings Inc | 8.72 | 79.38 USD | 79.93 USD | +0.69% | trading |
| 33 | RMDResMed Inc | 8.71 | 215.19 USD | 224.99 USD | +4.55% | trading |
| 34 | AMZNAmazon.com Inc | 8.70 | 284.02 USD | 253.71 USD | -10.67% | trading |
| 35 | AMEAmetek Inc | 8.68 | 243.77 USD | 237.64 USD | -2.51% | trading |
| 36 | MPWRMonolithic Power Systems Inc | 8.68 | 1344.37 USD | 1217.80 USD | -9.41% | trading |
| 37 | ACNAccenture plc | 8.66 | 165.76 USD | 181.29 USD | +9.37% | trading |
| 38 | FASTFastenal Company | 8.66 | 48.11 USD | 49.01 USD | +1.87% | trading |
| 39 | TSCOTractor Supply Company | 8.65 | 32.11 USD | 32.21 USD | +0.31% | trading |
| 40 | PNFPPinnacle Financial Partners, Inc. | 8.64 | 107.54 USD | 96.75 USD | -10.03% | trading |
| 41 | IBNICICI Bank Limited | 8.61 | 30.26 INR | 28.15 INR | -6.97% | trading |
| 42 | QCRHQCR Holdings Inc | 8.60 | 104.40 USD | 99.98 USD | -4.23% | trading |
| 43 | ELSEquity Lifestyle Properties Inc | 8.59 | 65.67 USD | 60.40 USD | -8.02% | trading |
| 44 | MKTXMarketAxess Holdings Inc | 8.58 | 162.28 USD | 163.42 USD | +0.70% | trading |
| 45 | AAPLApple Inc | 8.58 | 303.42 USD | 336.13 USD | +10.78% | trading |
| 46 | WTFCWintrust Financial Corporation | 8.57 | 161.76 USD | 147.52 USD | -8.80% | trading |
| 47 | CMECME Group Inc | 8.57 | 266.17 USD | 276.01 USD | +3.70% | trading |
| 48 | TYLTyler Technologies Inc | 8.57 | 305.54 USD | 337.50 USD | +10.46% | trading |
| 49 | GCBCGreene County Bancorp Inc | 8.56 | 34.20 USD | 35.66 USD | +4.27% | trading |
| 50 | BMABanco Macro SA B ADR | 8.55 | 92.76 ARS | 75.06 ARS | -19.08% | trading |
Verify it yourself
You do not have to trust us about what the list said on day one. The files are public, and two parties we do not control attest to when these exact bytes existed.
- Canonical file
- /snapshots/launch-20y-2026-08-04.csv
- SHA-256
- b52edb1f1c6948d3f769b86fc9350c96eaa27c7428bd859cc326af913914c743
- Check the hash
curl -s https://holderdashboard.com/snapshots/launch-20y-2026-08-04.csv | shasum -a 256
- All 5 windows in one file
- /snapshots/launch-2026-08-04.manifest.txt
b74df477f89a5905997b28717b09475d877626a3eebf9e0fadc9f8b830f17bee
One manifest lists every frozen file with its hash, so a single timestamped hash commits to all of them:
shasum -a 256 -c launch-2026-08-04.manifest.txt
- Internet Archive capture
- https://web.archive.org/web/20260804114622/https://holderdashboard.com/snapshots/launch-2026-08-04.manifest.txt
- Bitcoin timestamp (OpenTimestamps)
- /snapshots/launch-2026-08-04.manifest.txt.ots
ots verify launch-2026-08-04.manifest.txt.ots
How this is measured, and what it cannot tell you
- Equal weight, buy and hold. Every company carries the same weight from day one. Nothing is ever rebalanced, added, or removed.
- Companies that stop trading stay in. A delisted or acquired member is held at its last available close and keeps its weight. Removing it would silently drop losers and inflate the result.
- Dividends included, both sides. Cohort and benchmark both use split- and dividend-adjusted closing prices, so the comparison is like-for-like.
- No fees, taxes, or slippage. Real returns would be lower. This is not a simulated portfolio and not a product you can buy.
- Several lists, one start date. Every ranking window was frozen on the same day and all of them are published here. That removes any chance to pick the flattering one later — but 5 comparisons also mean one of them will look best by luck. Read them together, not one at a time.
- Nothing is ever revised. Each day is appended once and never edited. If a data provider later corrects a past price, we say so here instead of quietly rewriting history.
- Not investment advice. The HDB Score measures past business results, not valuation. A strong company can still be a poor investment at the wrong price.
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