The Check · free · no account needed
Early or late? Ten seconds.
How crowded is BACAX?
Not an opinion, a read of the evidence. We rank all 10,000+ funds that must disclose their trades by how their disclosed buys performed, follow only the specialists, and place every name on the conviction curve: early, well positioned, or late.
Early or late? Ten seconds.
Any stock, ETF or fund you own. Free, no account.
6% of the fund by weight sits in late-stage names
37% Early Conviction · 19% Consensus · 3% Crowded · 3% Fading · 38% not covered
The crowded weight: KMI 2.6% · FTI 2.3% · EQT 1.2% · LBRT 0.6%
6% of the fund by weight sits in late-stage names (Crowded or Fading). This read covers 62% of the book; the rest sits outside our US equity coverage (cash, bonds, non-US names).
In our receipts, names flagged Early Conviction went a median +5.5% between prints (45% went lower · 29 receipts). The record, not a forecast.
Watch this fund and we'll tell you when it crosses 50% crowded.
How the read works · The live record vs the S&P 500 · Every past call, timestamped