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Early or late? Ten seconds.

How crowded is PAXLX?

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.

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PAXLXFUND X-RAY · HOW CROWDED IS THIS FUND?

26% of the fund by weight sits in late-stage names

32% Consensus · 31% Early Conviction · 15% Fading · 11% Crowded · 5% Emerging · 6% not covered

The crowded weight: GOOGL 5.7% · AVGO 4.4% · UBER 2.7% · ORCL 2.2% · TYL 1.9% …

26% of the fund by weight sits in late-stage names (Crowded or Fading). This read covers 94% of the book; the rest sits outside our US equity coverage (cash, bonds, non-US names).

Watch this fund and we'll tell you when it crosses 50% crowded.

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How the read works · The live record vs the S&P 500 · Every past call, timestamped

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