Estimated return — disclosed long book
What Glenn Greenberg’s US-listed long positions did, derived from the share counts and market values in consecutive 13F filings, shown against SPY over exactly the same quarters. This is not the fund’s return. A 13F excludes shorts, bonds, cash, non-US listings and derivatives, says nothing about fees or leverage, and only sees positions held at both quarter ends. The fund figure is a price return while SPY is a total return, so the comparison is tilted against the manager by roughly a dividend yield.
Q1 2026
-10.9%
SPY -4.4%▼ -6.5%
By calendar year
| Year | Estimated | SPY | Difference |
|---|---|---|---|
| 2025 | +9.0% | +17.7% | -8.7% |
| 2024 | +10.0% | +24.9% | -14.8% |
| 2023 | +38.2% | +26.2% | +12.0% |
| 2022 | +3.8% | -18.2% | +22.0% |
| 2021 | +24.6% | +28.7% | -4.1% |
| 20203/4 Q | +5.8% | +8.5% | -2.7% |
| 20193/4 Q | +16.8% | +20.4% | -3.6% |
| 2018 | -29.4% | -4.6% | -24.8% |
| 2017 | +25.4% | +21.7% | +3.7% |
| 2016 | +31.5% | +12.0% | +19.5% |
| 2015 | -2.9% | +1.2% | -4.1% |
| 20142/4 Q | +11.6% | +6.1% | +5.5% |
Years marked n/4 Qare built from fewer than four quarters, and the benchmark shown beside them covers the same partial set — so the difference is like-for-like, but the year is not a full year.