ILXQuant Top 10 Titans Consensus Index
Holds the 10 stocks that the world's most concentrated hedge fund managers independently agree on. Eighteen long-biased managers spanning deep value, quality compounding, growth, activism and distressed investing contribute their disclosed long books; names held by at least three managers are ranked on a consensus score weighting manager overlap two-thirds and mean conviction one-third. Agreement across genuinely different styles carries more information than any single manager's large bet, because it cannot be explained by a shared style tilt. Quant multi-strategy and global macro managers are deliberately excluded -- their filings represent the long leg of a hedged book rather than a directional view. The concentration is high by design and the resulting index skews toward megacap technology. A 13F discloses only long US-listed equity, so shorts, options, bonds and foreign holdings are invisible, and filings arrive up to 45 days after quarter end. This index therefore tracks the public portion of the manager's book with a lag, not the manager's live portfolio.
- Index identifier
- ILXTC10
- Category
- Alternative
- Universe
- 13F disclosed holdings of 18 elite managers -- top 10 by consensus, equal weight
- Currency
- USD
- Inception
- 2013-09-02
- Rebalancing
- Quarterly (first Monday of March, June, September, December)
- Index fee
- 0.60% p.a.
- Reference benchmark
- S&P 500 (SPY)
Performance and risk
All figures below are measured over a trailing window of up to 1,260 trading days (approximately five years), not since index inception.
| Annualised return | +10.83% |
|---|---|
| Sharpe ratio | 0.44 |
| Calmar ratio | 0.26 |
| Volatility | 24.56% |
| Maximum drawdown | -42.46% |
| Return, 1 month | — |
| Return, 3 months | — |
| Return, 1 year | — |
| Return, year to date | +1.25% |
Full performance history, drawdown analysis, rolling risk metrics and portfolio breakdowns for this index are available in the ILX Quant platform.