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Early or late? Ten seconds.

How crowded is TMCTX?

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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TMCTXFUND X-RAY · HOW CROWDED IS THIS FUND?

44% of the fund by weight sits in late-stage names

26% Fading · 23% Consensus · 22% Early Conviction · 18% Crowded · 4% Emerging · 7% not covered

The crowded weight: ALSN 4.7% · AWI 4.3% · MTB 3.8% · CHDN 3.8% · ALLY 3.2% …

44% of the fund by weight sits in late-stage names (Crowded or Fading). This read covers 93% 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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