INSIDER Alpha · run #195

Gottheimer: buy after each purchase is disclosed

Buy every stock Josh Gottheimer's House reports show being purchased (by the member, a spouse or a dependent), at the close of the first trading day after the report is published. Sell 60 trading days later. Option purchases are simulated as shares of the underlying, because option prices are not available.

All strategies

Equity versus SPY

Experimental signal

+34.2%−7.6%

Feb 27, 2026—— Strategy +23.4%—— SPY +12.7%Nov 4, 2026

Total return: +23.4%; Feb 27, 2026 – Nov 4, 2026
Annualized: +35.9%; over 8 months
SPY, same dates: +12.7%; buy and hold
Excess vs SPY: +10.7%
Max drawdown: −12.4%
Closed trades: 33; 4 still open
Win rate: 64%
Profit factor: 3.83; gross gains ÷ gross losses
Mean trade: +9.7%; 95% CI +2.2% to +18.6%
Mean excess per trade: +4.0%; 95% CI −3.4% to +12.6%

Entry: Close of the first trading day after publication
Exit: Close 60 trading days after entry
Costs: 5 bps commission + 10 bps slippage, each side
Prices: Yahoo Finance chart API · Splits and dividends (adjusted close)
Benchmark: SPY, same entry and exit dates
Signals: 51 records published Feb 26, 2026 – Nov 5, 2026
Price coverage: 37 of 37 tickers
Run: #195 · Nov 6, 19:06 UTC · strategy v1 · engine v1.0.0 · params ae01f73ecd9184ee
Not traded: 3 — no trading bar within a week after the signal; 11 — the ticker was already held from an earlier signal

Simulated trades · 37

Signal	Public	Entry	Exit	Net	SPY	Excess	Evidence
AMATJoint bought AMAT ($1,001 - $15,000)	Sep 14, 2026	Sep 15, 2026$421.17	open	−12.6%	+1.5%	−14.0%	Filing Evidence
MSFTJoint bought MSFT ($250,001 - $500,000) — reported as options; simulated as shares of the underlying	Sep 14, 2026	Sep 15, 2026$497.12	open	+11.5%	+1.5%	+10.0%	Filing Evidence
RSGJoint bought RSG ($1,001 - $15,000)

Backtest run

Data sources

SEC FORM 42h ago

HOUSE PTR2h ago

SEC 13F2h ago

ROBINHOOD CHAIN2h ago