Michael K. Simpson

Following their disclosures vs. same money in SPY: -293.7 pts

Cumulative return you could actually have earned by copying them (blue) vs. the same dollars on the same days in SPY (amber). Every position is opened at the close of the session after the filing became public — not on the day they traded, which nobody could have known at the time. Each position is sized from the middle of its disclosed range — filings give a band, not a number. Returns are time-weighted, so money paid in is stripped out and only performance is left. Each vertical line is a notable disclosed buy / sell, tagged with the company logo (their biggest, earliest and most recent trades). A dotted line / ° is an options trade: we buy that many dollars of the underlying stock, since the filing gives no strike or expiry — which understates the real leverage rather than overstating it.

Trades

	Ticker	Amount	Traded	Disclosed
BUY	US USB	$15K–$50K	2023-03-14	2023-05-12 LATE	PDF →
BUY	TR TROW	$15K–$50K	2022-08-03	2023-05-12 LATE	PDF →
SELL	FD FDN	$15K–$50K	2021-05-10	2023-05-12 LATE	PDF →
BUY	AA AAL	$1K–$15K	2021-03-18	2023-05-12 LATE	PDF →
SELL	JG JGCCF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	TK TKC	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	TS TSCDF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	VI VIV.V	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	PD PDS	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	OG OGFGF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	NE NEM	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	NC NCMGF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	ML MLYNF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	MJ MJDLF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	WO WOLWF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	ER ERIC	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	EQ EQNR	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	CE CEMCF	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	BH BHP	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	GO GOLD	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	AU AUY	$1K–$15K	2021-01-13	2023-05-12 LATE	PDF →
SELL	QQ QQXT	$15K–$50K	2021-01-04	2023-05-12 LATE	PDF →
SELL	FD FDN	$15K–$50K	2021-05-10	2021-05-19	PDF →
BUY	AA AAL	$1K–$15K	2021-03-18	2021-04-02	PDF →
SELL	OG OGFGF	$1K–$15K	2021-01-12	2021-02-01	PDF →
SELL	ML MLYNF	$1K–$15K	2021-01-12	2021-02-01	PDF →
SELL	JG JGCCF	$1K–$15K	2021-01-12	2021-02-01	PDF →
SELL	TS TSCDF	$1K–$15K	2021-01-11	2021-02-01	PDF →
SELL	VI VIV	$1K–$15K	2021-01-11	2021-02-01	PDF →
SELL	PD PDS	$1K–$15K	2021-01-11	2021-02-01	PDF →

Estimated current holdings

Every disclosed stock/ETF buy minus every disclosed sell, marked to today (Oct 29, 2026) — our best estimate of what Simpson still holds (options and bonds aren't counted). A recent tag means they've traded that name in the last 18 months, so it's more likely still current; the rest could have been sold in a filing we haven't matched.

Ticker		Est. value	Weight	Return on lots held	1st buy	Last trade
TR TROW		$132K	29.4%	+46.9%	Mar 2017	Aug 2022
FX FXN		$110K	24.6%	+101.7%	Apr 2016	Mar 2016
US USB		$64K	14.2%	+133.1%	May 2023	Mar 2023
QQ QQXT		$31K	6.8%	+138.1%	Mar 2017	Jan 2021
FV FVD		$21K	4.6%	+165.9%	Feb 2015	Sep 2015
RD RDVY		$17K	3.8%	+340.6%	Oct 2015	Sep 2015
PS PSX		$17K	3.7%	+329.1%	Jun 2020	Mar 2020
FX FXG		$14K	3.1%	+76.7%	Feb 2015	Sep 2015
UA UAL		$13K	3.0%	+245.8%	Jun 2020	Mar 2020
IP IPKW		$12K	2.8%	+219.5%	May 2015	Apr 2015
BO BOTZ		$6K	1.3%	+49.3%	Dec 2017	Nov 2017
AA AAL		$5K	1.2%	-30.0%	Apr 2021	Mar 2021
BA BA		$4K	0.9%	+9.0%	Jun 2020	Mar 2020
CI CIM		$3K	0.6%	-30.9%	Jun 2020	Mar 2020

Filings 51 on file · every disclosure Simpson has made