The Fund Grade · free · no account needed
What grade does IPFPX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Poplar Forest Partners Fund
#107 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
IPFPX puts less of its book behind proven specialists than 68% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
IPFPX vs the Honor Roll · share card ↗Conviction exposure
13.3%
of the book in specialist-converged names
Late-stage weight
20.6%
of the book in Crowded or Fading names
Active share
97.9%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
Poplar Forest Partners Fund grades A and ranks 107 out of 500, with specialists building early positions in UTHR at 6.1% and Citigroup at 5.5%. The concern is the 20.6% late-stage weight, including TSN and ALLY where specialists are actively leaving.
→ Watch TSN and ALLY closely, as specialists are fading from both positions, which together represent over 7% of the fund.
→ The early conviction in Citigroup and emerging stake in UTHR argue this fund is genuinely ahead of consensus in its top holdings.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.