CEO Tracker Portfolio

Investor who follows CEOs into great businesses. Autopilot at CEO Tracker (link below) or Opinion, not advice.

[CEO Tracker Portfolio @alexcole202]

I'm thrilled to launch the CEO Tracker portfolio on @joinautopilot : https://t.co/w33ej5lQbG

The thesis is simple and well-documented: We buy great businesses when the CEO does. Multiple backtests have found that stocks purchased by CEOs have historically outperformed the market by roughly 4-6% over the following 12 months.

Why? Because CEOs tend to buy in large drawdowns when they -- as the person most knowledgeable about the business -- believe things will improve and the stock will appreciate. 

The CEO Tracker goes a step further than simply algorithmically buying every stock CEOs purchase. We layer on fundamental analysis, picking only the best businesses and filtering out CEO buys that might be for the wrong reasons (scheduled buys, board pressure, etc.). 

In practice, a CEO purchase tells you when to buy; fundamental analysis confirms what to buy. Every time a CEO buys a stock, we investigate the business fundamentals and initiate a position if:

* The business is undervalued and high quality
* A catalyst or clear path to accelerated growth exists
* The CEO appears to be buying because the stock is undervalued
* The stock offers superior promise to the stocks already in the portfolio

These criteria present a high bar for adding new stocks or rebalancing. While the portfolio and new CEO buying activity are monitored daily, trading will only occur a few times per quarter.

Follow along on Autopilot. In the coming days, I'll provide the rationale for our largest initial positions: $SOFI $TLX $CSGP $XRAY

[CEO Tracker Portfolio @alexcole202]

$ADSK Autodesk has been marching steadily upward since the CEO bought the dip in June. The latest earnings results are providing initial signs that AI displacement fears are overblown: engineers ain't going to rip and replace enterprise-grade building design software. It's too consequential and too embedded.

[CEO Tracker Portfolio @alexcole202]

CEO Buys After Recent Earnings. Any Interest You?

$BSX, Boston Scientific, Michael F. Mahoney, $9M, -54.3% from ATH

$CSGP, CoStar Group, Andrew C. Florance, $2.5M, -70.6% from ATH

$HUN, Huntsman Corp, Peter R. Huntsman, $981,000, -75.1% from ATH

$TSCO, Tractor Supply Co., Harry A. Lawton III, $501,523, -47.1% from ATH

$VFC, VF Corp, Bracken Darrell, $492,752, -84.9% from ATH

$ACI, Albertsons Companies, Susan Morris, $449,937, -68.7% from ATH

$CCNE, CNB Financial Corp, Michael D. Peduzzi, $38,908, -2.4% from ATH

My take:
$CSGP is in the CEO Tracker portfolio already, so this is reconfirmation of the CEO's faith in the company. We agree it's undervalued and has up to go from here. AI is unlikely to replace CoStar's data moat in commercial real estate.

$VFC is also interesting. The 84% (!) drawdown is so huge that the company merely has to survive in order for it to rebound. Personally, I avoid the fashion industry because tastes change. But @HedgeFundTips makes a compelling case for why VFC's brands have staying power.

*CEO buys for $1B+ companies.

Opinion, not advice. Do your own research.

[CEO Tracker Portfolio @alexcole202]

$CSGP CoStar CEO Andy Florance is back at it with another $2.5M open market stock buy. I'm with Andy -- this is a dip buying opportunity.

The stock has been in a major drawdown on concerns that the company's investment in Homes .com won't pay off. It's possible that CoStar spent too much money on marketing initially, but they have already dialed back and it's showing up in margins accordingly.

CoStar has so much going for it in commercial real estate that it doesn't matter, frankly, if Homes turns out to be a complete failure. Once we're on the other side of those concerns, this stock is poised to rerate.

Happy to follow Andy into this gem. Also happy to follow Andy on conference calls. That guy is hilarious! He's the king of wryly roasting rivals.

[CEO Tracker Portfolio @alexcole202]

@logisticsengr It's good in the sense that $GEHC is in the portfolio!

[CEO Tracker Portfolio @alexcole202]

Last week's dramatic gyrations in the AI trade may have given a glimpse of where the market will go next when the bubble finally pops: healthcare.

But not just any healthcare—specifically companies focused on medical consumables like GE Healthcare ($GEHC) and Baxter ($BAX). Both were up double digits after earnings.

Why? Companies that produce hospital or provider supplies (like IV bags and diagnostic equipment) benefit directly from increased healthcare utilization.

We are only at the tip of the iceberg of Baby Boomers entering their 80s, a period when healthcare usage rapidly accelerates. The "Silver Tsunami" secular tailwind is only just beginning.

[CEO Tracker Portfolio @alexcole202]

$100K AUM after only two weeks on @joinautopilot 🙏
~3% ahead of the SP500 so far, not that it's meaningful after 2 weeks but we'll take it!

We're in this for the long game with a simple strategy:
+ Monitor stocks CEOs buy
+ Assess if it's for the right reason (CEO thinks their business is undervalued)
+ Analyze the business fundamentals
+ Buy if it's a great business

Grateful for all the follows♥️

[CEO Tracker Portfolio @alexcole202]

$SOFI technical analysts: At what price would a short squeeze start if this move continues? @Ashton_1nvests @StockSavvyShay @JesseOlson

[CEO Tracker Portfolio @alexcole202]

$ELWT Elauwit — what a gem of a business and stock. Hats off to @pernasresearch for finding it.

The company brings managed Wi-Fi to large apartment buildings. It's a win-win-win: property owners get a cut of the revenue, residents save money, and Elauwit locks in long-term recurring revenue.

REITs are shifting to this model to cut out legacy internet providers that offer zero revenue share. Great trend to get in front of.

$ELWT is poised to turn cash flow positive within a year, and the CEO bought shares on the open market. I’d add this to the CEO Tracker portfolio, but it’s too small. It may become not small though...

Opinion, not advice. Do ur own research. In full disclosure, I have taken a tracker position in my personal portfolio.

[CEO Tracker Portfolio @alexcole202]

Who would you rather be - $SOFI or the old guard?

[CEO Tracker Portfolio @alexcole202]

https://t.co/0fayI4U80M

[CEO Tracker Portfolio @alexcole202]

$SOFI bouncing back today after a non-rational (IMHO) post-earnings sell off. This is a generational business growing at 30%+ as it takes share from stodgy legacy banks. The market will recognize that eventually.

The closing quote from CEO Anthony Noto @anthonynoto on yesterday's call:

"I'm often asked why I buy the stock and the answer is simple. I believe we will achieve ... 20% to 30% return on tangible common equity, and it's just a matter of when, not if the market can connect the dots to the attractive return potential of our business."

Agreed. That's why this business earned a spot in the CEO Tracker portfolio on @joinautopilot

[CEO Tracker Portfolio @alexcole202]

$SOFI earnings were better than solid and a guidance raise. And yet the market punished a growth company for favoring topline growth over increasing short term profitability. Silliness. Meanwhile, SoFi continues to stack members at an impressive rate. Bank customers are sticky: aka this massive growth permanently locks in customers and allows SoFi to maximize lifetime value for years to come. That's what matters long term. Happy to sit back and hold until the market recognizes that. Might take a year or two...that's fine and why the market transfers wealth from the short termers to the patient.

[Fiscal.ai @fiscal_ai]

SoFi over the last 5 years:

Members +518%
Stock Price -21%

$SOFI

[CEO Tracker Portfolio @alexcole202]

Don't know about you, but I am loving today's rotation out of semis -- we don't own any. But we do own some mission critical Saas that's finally getting reloved.

$ADSK is having an amazing run after we followed the CEO into this mission critical engineering software that ain't going to be displaced by AI.

[CEO Tracker Portfolio @alexcole202]

Huge earnings week for many of our biggest positions. What I’m watching for:

$SOFI - Does member growth march on at over 1M per quarter? Long term, that’s what really matters. Also looking at the tech platform business — can it return to growth? It’s the secret call option under the surface. Meanwhile, the market will be obsessed with loan volume and loan platform revenue. If that’s unimpressive or no guidance raise, there could be a sell-off. We own a lot already, so unlikely to add if it does.

$CSGP (CoStar) - Do they announce anything new that suggests more judicious capital allocation? That could cause the stock to rerate. I’m also curious to hear more about plans for the Zonda acquisition. Prima facie, it seems an excellent move to solidify CoStar’s real estate data moat.

$GEHC - Does the backlog continue to grow? That’s what matters most long term. Short term — how much are inflation and transport costs impacting margins? Could be worse than the market is expecting.

[CEO Tracker Portfolio @alexcole202]

As we head into earnings season, watch for a wave of CEO buying in August once we're beyond blackout periods. Looking at CEO buys in August 2025, you would have done well had you snatched up (most) of the same stocks. The median outperformance versus the S&P was wild and would have more than made up for the laggards.

[TrendSpider @TrendSpider]

Still chillin' in the handle 👀
$SOFI

[CEO Tracker Portfolio @alexcole202]

If a year ago (August) you bought all the stocks CEOs of $1B+ companies did, you would have done very well, crushing the S&P most of the time. But what separated the losers from the winners? Interestingly, dividend yields! $WU $COTY for example, big yields when the CEOs purchased, terrible performance since. A useful cautionary tail. Some value investors view big dividends yields as "getting paid to wait." Well, sometimes you get paid to sit on a sinking ship.

[CEO Tracker Portfolio @alexcole202]

CEO Buys So Far in July. Any interest you?

$ELV, Elevance Health, Gail Boudreaux, $1M, -34.2% from ATH

$CMC, Commercial Metals, Peter R. Matt, $504,499, -43.0% from ATH

$UUUU, Energy Fuels, Ross R. Bhappu, $967,920, -53.9% from RH

$YPF, YPF Sociedad Anonima, Horacio Daniel Marin, $131,634, -36.6% from ATH

$CNXC, Concentrix Corp, Christopher A. Caldwell, $21,250, -89.7% from ATH

$TSM, Taiwan Semiconductor Manufacturing Co., Che-chia Wei, $11,187, -9.7% from ATH

My take:

$UUUU Energy Fuels is interesting here if you are a Uranium bull -- I am not.

$CMC Commercial Metals could be the sleeper winner. It's the steel industry, something I normally wouldn't touch with a ten foot rod. But that's a reeeeal big CEO buy for this sector...worth a closer look.

*CEO buys for $1B+ companies.