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 5Y 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
35 trading days · closes through 2026-09-22
- The 50 frozen companies, equally weighted
- -5.78%
- S&P 500 (SPY) over the same days
- +2.33%
Difference: -8.11% — over 35 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 | +1.73% | +1.80% |
| 2026-08-05 | +1.64% | +1.60% |
| 2026-08-06 | +0.15% | +1.44% |
| 2026-08-07 | +1.29% | +2.06% |
| 2026-08-10 | +0.87% | +2.03% |
| 2026-08-11 | +0.99% | +1.70% |
| 2026-08-12 | +1.84% | +1.96% |
| 2026-08-13 | +2.24% | +2.67% |
| 2026-08-14 | +2.25% | +2.46% |
| 2026-08-17 | +2.43% | +1.98% |
| 2026-08-18 | +0.49% | +1.29% |
| 2026-08-19 | +0.34% | +1.50% |
| 2026-08-20 | -0.30% | +0.65% |
| 2026-08-21 | +0.37% | +1.06% |
| 2026-08-24 | -0.32% | +0.77% |
| 2026-08-25 | -0.05% | +1.09% |
| 2026-08-26 | -0.12% | +1.11% |
| 2026-08-27 | +0.25% | +1.77% |
| 2026-08-28 | -0.97% | +1.54% |
| 2026-08-31 | -1.74% | +1.24% |
| 2026-09-01 | -3.06% | +0.54% |
| 2026-09-02 | -3.01% | +0.99% |
| 2026-09-03 | -2.77% | +2.05% |
| 2026-09-04 | -3.19% | +1.65% |
| 2026-09-08 | -4.58% | +1.09% |
| 2026-09-09 | -5.73% | +0.62% |
| 2026-09-10 | -6.26% | +0.02% |
| 2026-09-11 | -5.19% | +0.87% |
| 2026-09-14 | -5.74% | +0.42% |
| 2026-09-15 | -6.56% | -0.04% |
| 2026-09-16 | -6.34% | -0.48% |
| 2026-09-17 | -6.14% | +0.65% |
| 2026-09-18 | -6.11% | +0.53% |
| 2026-09-21 | -5.49% | +2.34% |
| 2026-09-22 | -5.78% | +2.33% |
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 | TCOMTrip.com Group Ltd ADR | 9.76 | 47.30 CNY | 40.85 CNY | -13.64% | trading |
| 2 | FIXComfort Systems USA Inc | 9.63 | 1770.96 USD | 1625.13 USD | -8.23% | trading |
| 3 | AZNAstraZeneca PLC | 9.61 | 157.97 USD | 168.37 USD | +6.58% | trading |
| 4 | VISTVista Oil Gas ADR | 9.58 | 68.22 USD | 69.42 USD | +1.76% | trading |
| 5 | CLSCelestica Inc. | 9.58 | 341.91 USD | 356.09 USD | +4.15% | trading |
| 6 | ANETArista Networks | 9.58 | 184.89 USD | 205.19 USD | +10.98% | trading |
| 7 | EXPEExpedia Group Inc. | 9.55 | 298.03 USD | 280.70 USD | -5.81% | trading |
| 8 | PLTRPalantir Technologies Inc. | 9.55 | 125.65 USD | 184.99 USD | +47.23% | trading |
| 9 | SMFGSumitomo Mitsui Financial Group Inc | 9.55 | 25.25 JPY | 26.14 JPY | +3.52% | trading |
| 10 | UALUnited Airlines Holdings Inc | 9.53 | 128.39 USD | 115.21 USD | -10.27% | trading |
| 11 | RCLRoyal Caribbean Cruises Ltd | 9.50 | 324.00 USD | 234.89 USD | -27.50% | trading |
| 12 | FUTUFutu Holdings Ltd | 9.48 | 107.04 HKD | 114.32 HKD | +6.80% | trading |
| 13 | IBKRInteractive Brokers Group Inc | 9.47 | 87.75 USD | 91.88 USD | +4.71% | trading |
| 14 | NBIXNeurocrine Biosciences Inc | 9.46 | 166.23 USD | 142.25 USD | -14.43% | trading |
| 15 | RELXRelx PLC ADR | 9.42 | 36.16 GBP | 32.98 GBP | -8.79% | trading |
| 16 | DUOLDuolingo Inc | 9.40 | 135.80 USD | 147.71 USD | +8.77% | trading |
| 17 | HWMHowmet Aerospace Inc | 9.40 | 286.34 USD | 225.36 USD | -21.30% | trading |
| 18 | FTNTFortinet Inc | 9.39 | 163.21 USD | 174.26 USD | +6.77% | trading |
| 19 | NVONovo Nordisk A/S | 9.39 | 47.09 DKK | 39.40 DKK | -16.33% | trading |
| 20 | POWLPowell Industries Inc | 9.37 | 219.72 USD | 191.90 USD | -12.66% | trading |
| 21 | APGApi Group Corp | 9.37 | 39.84 USD | 37.76 USD | -5.22% | trading |
| 22 | DXCMDexCom Inc | 9.35 | 87.31 USD | 89.53 USD | +2.54% | trading |
| 23 | CHEFThe Chefs Warehouse Inc | 9.35 | 111.30 USD | 108.36 USD | -2.64% | trading |
| 24 | EMEEMCOR Group Inc | 9.33 | 817.42 USD | 756.50 USD | -7.45% | trading |
| 25 | WLFCWillis Lease Finance Corporation | 9.33 | 72.64 USD | 54.89 USD | -24.44% | trading |
| 26 | PWRQuanta Services Inc | 9.33 | 680.20 USD | 642.63 USD | -5.52% | trading |
| 27 | DYDycom Industries Inc | 9.31 | 414.98 USD | 282.02 USD | -32.04% | trading |
| 28 | KNSLKinsale Capital Group Inc | 9.31 | 360.44 USD | 351.83 USD | -2.39% | trading |
| 29 | ROADConstruction Partners Inc | 9.29 | 108.12 USD | 96.71 USD | -10.55% | trading |
| 30 | AROCArchrock Inc | 9.28 | 35.12 USD | 30.40 USD | -13.44% | trading |
| 31 | STRLSterling Construction Company Inc | 9.26 | 611.47 USD | 516.57 USD | -15.52% | trading |
| 32 | SESea Ltd | 9.25 | 111.15 USD | 103.67 USD | -6.73% | trading |
| 33 | CCLCarnival Corporation | 9.25 | 28.74 USD | 22.28 USD | -22.48% | trading |
| 34 | PLNTPlanet Fitness Inc | 9.25 | 56.23 USD | 42.60 USD | -24.24% | trading |
| 35 | PLMRPalomar Holdings Inc | 9.23 | 136.51 USD | 131.54 USD | -3.64% | trading |
| 36 | CRSCarpenter Technology Corporation | 9.22 | 543.49 USD | 400.02 USD | -26.40% | trading |
| 37 | INTUIntuit Inc | 9.21 | 318.39 USD | 292.35 USD | -8.18% | trading |
| 38 | CPACopa Holdings SA | 9.21 | 146.06 USD | 135.13 USD | -7.48% | trading |
| 39 | PCTYPaylocity Holdng | 9.21 | 139.77 USD | 145.71 USD | +4.25% | trading |
| 40 | HEI-AHEICO Corporation | 9.20 | 261.82 USD | 229.22 USD | -12.45% | trading |
| 41 | EVTCEvertec Inc | 9.20 | 31.11 USD | 27.90 USD | -10.32% | trading |
| 42 | RMDResMed Inc | 9.20 | 215.19 USD | 221.97 USD | +3.15% | trading |
| 43 | AGIAlamos Gold Inc | 9.18 | 28.70 USD | 36.29 USD | +26.45% | trading |
| 44 | ADSKAutodesk Inc | 9.17 | 234.71 USD | 219.62 USD | -6.43% | trading |
| 45 | NVDANVIDIA Corporation | 9.16 | 206.64 USD | 228.87 USD | +10.76% | trading |
| 46 | HEIHeico Corporation | 9.15 | 360.44 USD | 307.77 USD | -14.61% | trading |
| 47 | AUPHAurinia Pharmaceuticals Inc | 9.14 | 14.57 USD | 16.67 USD | +14.41% | trading |
| 48 | MEDPMedpace Holdings Inc | 9.14 | 573.29 USD | 630.19 USD | +9.93% | trading |
| 49 | APHAmphenol Corporation | 9.13 | 163.34 USD | 82.84 USD | -49.28% | trading |
| 50 | FNFabrinet | 9.13 | 455.94 USD | 403.80 USD | -11.44% | 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-5y-2026-08-04.csv
- SHA-256
- 3aeea67c2be48c6774b754a1cbfe23ee3791e0acf41b68382278695913b39814
- Check the hash
curl -s https://holderdashboard.com/snapshots/launch-5y-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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