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Search Bull Run
Track Record Across Four Proprietary Strategies
Transparent performance reporting across all four SMA strategies — with calendar year returns, cumulative growth, and benchmark comparisons updated quarterly.
Growth of $100,000 — All Strategies
Interactive performance against the S&P 500. Toggle gross and net, pick custom date ranges, drag to zoom, or use the slider below the chart.
Performance Across Every Window
Click any column header to re-anchor the chart above. Returns over 2.5 years are annualized.
Year-by-Year Track Record
Click any year to view that calendar year in the chart above.
Representative Holdings
Live portfolio composition across all four strategies, sourced directly from our master database. Individual client portfolios may vary based on account size and tax considerations.
What each strategy has actually delivered.
Since each strategy went live — gross of fees. Click any card to anchor the chart above to that window and see it play out.
Mid-teens CAGR through the worst growth-equity environment on record.
Outperformed the S&P 500 live, gross of fees.
Outperformed the S&P 500 live, gross of fees.
Meaningfully less pain for modest return giveup.
Since Live Inception
Actual, fee-inclusive results from the day each strategy went live to present. Values reflect the current Gross/Net toggle above.
Methodology & Disclosures
The complete accounting behind every number on this page.
All returns are sourced from Bull Run Investment Management's master performance database, computed from daily closing prices of the underlying securities held in each model portfolio. The complete dataset is publicly available at our open-data sheet and can be downloaded as CSV via the button above.
Daily returns are geometrically compounded to produce cumulative and annualized figures. Growth of $100,000 plots begin with a $100,000 anchor on the first day of the selected period (day-one return = 0%) and compound from day two forward. Calendar-year returns compound every trading day within that year. Periods of 2.5 years or longer are annualized using (1 + cumulative)^(1/years) − 1; shorter periods are shown as cumulative totals.
Gross returns are the raw portfolio returns before any advisory or management fees. Net returns deduct a customizable annual advisory fee, applied quarterly on the average daily balance within each quarter — this reflects how fees are actually billed on managed accounts rather than a simplistic daily drag. The S&P 500 benchmark is always shown gross; no advisory fee is applied to the index comparison.
Sub-advisory fees are typically 0.50% annually, negotiated directly with the advisor. This is the default fee input on this page.
Direct clients pay tiered fees on a graduated schedule (see table below). The rate in each tier applies only to assets within that tier.
| Assets Under Management | Annual Rate |
|---|---|
| $0 – $250,000 | 1.50% |
| $250,000 – $500,000 | 1.25% |
| $500,000 – $1,000,000 | 1.10% |
| $1,000,000 – $2,500,000 | 0.95% |
| $2,500,000 and above | 0.85% |
Fees are billed quarterly in arrears on the average daily balance of the account during the quarter.
Each strategy has a distinct live inception date — the date real client capital was first deployed. Periods before this date are backtested using the same selection rules applied historically. Backtested periods do not represent actual trading and are subject to hindsight bias, among other limitations. Live performance is what clients actually earned.
| Strategy | Live Inception | Backtested From |
|---|---|---|
| Innovation | March 24, 2020 | January 7, 2008 |
| Growth | April 14, 2022 | January 7, 2008 |
| Core | March 23, 2021 | January 7, 2008 |
| Low Volatility | April 16, 2021 | January 7, 2008 |
Annualized Volatility is the standard deviation of daily returns, scaled by √252. Sharpe Ratio uses a 4% risk-free rate: (annualized return − 4%) / annualized volatility. Max Drawdown is the largest peak-to-trough decline during the selected window, measured on the cumulative daily return series.
The S&P 500 serves as the primary benchmark across all strategies. For context on the Innovation strategy specifically, the Nasdaq 100 and BVP Emerging Cloud Index are also referenced. None of these indices are directly investable; all benchmark returns are total return or price return as published by their respective providers, shown gross of fees.
Holdings shown reflect the current model portfolio composition as of the date indicated on each card, updated periodically. Individual client portfolios may differ based on account size, tax considerations, timing of investments, and client-specific restrictions. Position sizes and constituents are subject to change without notice.
Questions? Seeking Further Insight?
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Questions? Seeking Further Insight?
Connect with our experts at BRIM.