| Year | Strat | MCFTR | Δ |
|---|---|---|---|
| 2026* | -1.3% | -16.8% | +15.4% |
| 2025 | +0.6% | +2.9% | -2.4% |
| 2024 | -1.7% | +1.6% | -3.4% |
| 2023 | +72.7% | +53.8% | +18.8% |
| 2022 | -24.4% | -37.3% | +12.8% |
| 2021 | +32.3% | +21.8% | +10.5% |
| 2020 | +35.7% | +14.8% | +20.9% |
| 2019* | +41.7% | +1.4% | +40.3% |
| 2018 | -1.2% | — | — |
| 2017 | +20.2% | — | — |
| 2016* | +91.7% | — | — |
RU non-financials growing at a reasonable price (positive value-creation), profitable, liquid (cap >= 20bn RUB), with a real 3-year revenue base. Ranked by 3y revenue CAGR plus an acceleration reward (latest-year vs prior-year growth), dropping sharply decelerating names. Top 10 equal weight, monthly. Total return.
| Period | Strategy | MCFTR | vs index |
|---|---|---|---|
| Day | -2.7% | +0.6% | -3.3% |
| Week | -1.0% | -0.1% | -1.0% |
| Month | +6.7% | -1.3% | +7.9% |
| # | Holding | Weight | Day | growth+accel |
|---|---|---|---|---|
| 1 | DOMRF revenue 3y CAGR +46%/yr; growth accelerating (latest yr +64% vs prior +31%); value-creation/FVC +18%. | 10.0% | -1.6% | 66% |
| 2 | SELG revenue 3y CAGR +27%/yr; growth accelerating (latest yr +50% vs prior -9%); value-creation/FVC +40%. | 10.0% | -3.9% | 62% |
| 3 | POSI revenue 3y CAGR +38%/yr; growth accelerating (latest yr +36% vs prior +13%); value-creation/FVC +240%. | 10.0% | -1.1% | 52% |
| 4 | UGLD revenue 3y CAGR +24%/yr; growth accelerating (latest yr +43% vs prior +12%); value-creation/FVC +38%. | 10.0% | -0.2% | 43% |
| 5 | LENT revenue 3y CAGR +33%/yr; growth accelerating (latest yr +26% vs prior +22%); value-creation/FVC +17%. | 10.0% | -1.6% | 35% |
| 6 | YDEX revenue 3y CAGR +33%/yr; growth slowing (latest yr +22% vs prior +35%); value-creation/FVC +31%. | 10.0% | -4.4% | 26% |
| 7 | SOFL revenue 3y CAGR +19%/yr; growth accelerating (latest yr +18% vs prior +11%); value-creation/FVC +52%. | 10.0% | -1.3% | 23% |
| 8 | CNRU revenue 3y CAGR +17%/yr; growth accelerating (latest yr +15% vs prior +8%); value-creation/FVC +30%. | 10.0% | -1.3% | 21% |
| 9 | BELU revenue 3y CAGR +13%/yr; growth accelerating (latest yr +10% vs prior +7%); value-creation/FVC +25%. | 10.0% | -4.2% | 15% |
| 10 | RTKM revenue 3y CAGR +15%/yr; growth slowing (latest yr +10% vs prior +13%); value-creation/FVC +29%. | 10.0% | -3.7% | 13% |
| Rebalance | Signal | Holding | Price (RUB) | Weight | Result |
|---|---|---|---|---|---|
| 14 Aug 2026 | Buy | BELU Beluga revenue 3y CAGR +13%/yr; growth accelerating (latest yr +10% vs prior +7%); value-creation/FVC +25%. | 257.40 | 10.0% | — |
| Sell | OZON dropped out of the top ranking (entry score was 85%) | 2 926 | — | -25.3% | |
| 4 Aug 2026 | Buy | LENT Lenta revenue 3y CAGR +33%/yr; growth accelerating (latest yr +26% vs prior +22%); value-creation/FVC +17%. | 1 918 | 10.0% | — |
| Sell | BELU Beluga dropped out of the top ranking (entry score was 15%) | 283.20 | — | +7.8% | |
| 28 Jul 2026 | Buy | SOFL Softline revenue 3y CAGR +19%/yr; growth accelerating (latest yr +18% vs prior +11%); value-creation/FVC +55%. | 52.84 | 10.0% | — |
| Buy | BELU Beluga revenue 3y CAGR +13%/yr; growth accelerating (latest yr +10% vs prior +7%); value-creation/FVC +28%. | 262.80 | 10.0% | — | |
| Sell | GCHE Cherkizovo dropped out of the top ranking (entry score was 16%) | 3 079 | — | -1.9% | |
| Sell | MDMG MD Medical dropped out of the top ranking (entry score was 8%) | 1 275 | — | +21.1% | |
| 18 Jul 2026 | Buy | MDMG MD Medical revenue 3y CAGR +13%/yr; growth slowing (latest yr +11% vs prior +20%); value-creation/FVC +15%. | 1 053 | 10.0% | — |
| Sell | BELU Beluga dropped out of the top ranking (entry score was 15%) | 207.00 | — | -21.2% | |
| 24 Jun 2026 | Buy | BELU Beluga revenue 3y CAGR +13%/yr; growth accelerating (latest yr +10% vs prior +7%); value-creation/FVC +25%. | 262.60 | 10.0% | — |
| Sell | SOFL Softline dropped out of the top ranking (entry score was 23%) | 44.52 | — | -15.6% | |
| 18 Jun 2026 | Buy | YDEX Yandex revenue 3y CAGR +42%/yr; growth accelerating (latest yr +37% vs prior +37%); value-creation/FVC +13%. | 3 950 | 10.0% | — |
| Buy | SOFL Softline revenue 3y CAGR +19%/yr; growth accelerating (latest yr +18% vs prior +11%); value-creation/FVC +53%. | 52.72 | 10.0% | — | |
| Buy | RTKM Rostelecom revenue 3y CAGR +16%/yr; growth accelerating (latest yr +16% vs prior +11%); value-creation/FVC +26%. | 48.93 | 10.0% | — | |
| Buy | GCHE Cherkizovo revenue 3y CAGR +17%/yr; growth slowing (latest yr +13% vs prior +14%); value-creation/FVC +95%. | 3 140 | 10.0% | — | |
| Sell | MRKY IDGC South dropped out of the top ranking (entry score was 94%) | 0.0744 | — | -1.8% | |
| Sell | MRKC IDGC Center dropped out of the top ranking (entry score was 94%) | 0.6304 | — | -4.7% | |
| Sell | MRKV IDGC Volga dropped out of the top ranking (entry score was 70%) | 0.2187 | — | -1.4% | |
| Sell | MSNG Mosenergo dropped out of the top ranking (entry score was 69%) | 1.824 | — | -3.2% | |
| 15 Jun 2026 initial book | Buy | MRKY IDGC South revenue 3y CAGR +49%/yr; growth accelerating (latest yr +170% vs prior +4%); value-creation/FVC +130%. | 0.07575 | 10.0% | — |
| Buy | MRKC IDGC Center revenue 3y CAGR +82%/yr; growth accelerating (latest yr +25% vs prior +6%); value-creation/FVC +69%. | 0.6612 | 10.0% | — | |
| Buy | DOMRF DOM.RF revenue 3y CAGR +51%/yr; growth accelerating (latest yr +89% vs prior +28%); value-creation/FVC +16%. | 2 436 | 10.0% | — | |
| Buy | OZON revenue 3y CAGR +59%/yr; growth accelerating (latest yr +81% vs prior +52%); value-creation/FVC +12%. | 3 920 | 10.0% | — | |
| Buy | MRKV IDGC Volga revenue 3y CAGR +28%/yr; growth accelerating (latest yr +77% vs prior +8%); value-creation/FVC +75%. | 0.2218 | 10.0% | — | |
| Buy | MSNG Mosenergo revenue 3y CAGR +24%/yr; growth accelerating (latest yr +152% vs prior +52%); value-creation/FVC +121%. | 1.885 | 10.0% | — | |
| Buy | SELG Seligdar revenue 3y CAGR +27%/yr; growth accelerating (latest yr +50% vs prior -9%); value-creation/FVC +42%. | 40.54 | 10.0% | — | |
| Buy | POSI Positive revenue 3y CAGR +38%/yr; growth accelerating (latest yr +31% vs prior +5%); value-creation/FVC +118573%. | 849.80 | 10.0% | — | |
| Buy | CNRU Cian revenue 3y CAGR +39%/yr; growth accelerating (latest yr +21% vs prior +12%); value-creation/FVC +30%. | 651.20 | 10.0% | — | |
| Buy | UGLD Yuzhuralzoloto Group revenue 3y CAGR +24%/yr; growth accelerating (latest yr +43% vs prior +12%); value-creation/FVC +41%. | 0.6078 | 10.0% | — |
Prices are the frozen close on the signal date — the price at which the live paper-book starts (buy) or stops (sell) holding the position. Sell result is the price change from the position's own buy signal, dividends not included.