Paul W. Jones

AOS

DIRECTOR · SMITH A O CORP · CIK 0001111599

FILING MIX · LIFETIME20%/80%

BUYS

SELLS

TOTAL VALUE

$1.93M

COMPANIES

ACTIVE SINCE

Apr 2020

HOLDINGS NOW

163,216

AVG SELL PX

$52.35

Trades · vs SPY

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Performance · forward returns vs SPY

4 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Paul W. Jones, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	4	+25.00%	+0.12%	+5.52%	-5.40%	-6.85%	—
14d	4	+25.00%	+4.77%	+8.10%	-3.33%	-3.08%	—
30d	4	+25.00%	+2.25%	+8.06%	-5.81%	-7.26%	—
60d	4	+0.00%	+6.03%	+11.50%	-5.46%	-9.98%	—
90d	4	+0.00%	+7.41%	+12.15%	-4.74%	-7.88%	—
180d	4	+0.00%	+27.99%	+24.67%	+3.31%	+1.99%	—
1y	4	+0.00%	+49.44%	+39.86%	+9.57%	+8.94%	—
2y	4	+0.00%	+12.02%	+20.23%	-8.21%	-11.59%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

AOS · 163,216 shares · as of Nov 2, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 1 buys / 4 sellsCOVERAGE · 3 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
AOS SMITH A O CORP	SALE	12,069	$52.68	$635.8K	151,147	Nov 2, 2020	Nov 3, 2020 ↗
AOS SMITH A O CORP	SALE	10,000	$52.39	$523.9K	173,216	Nov 2, 2020	Nov 3, 2020 ↗
AOS SMITH A O CORP	SALE	10,000	$52.50	$525.0K	163,216	Nov 2, 2020	Nov 3, 2020 ↗
AOS SMITH A O CORP	SALE	2,354	$49.83	$117.3K	183,216	Aug 12, 2020	Aug 12, 2020 ↗
AOS SMITH A O CORP	PURCHASEGRANT Stock grant	3,249	$40.02	$130.0K	185,570	Apr 15, 2020	Apr 17, 2020 ↗

Other insiders · AOS

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About this filer

CIK 0001111599

ROLE

Director

PRIMARY

AOS

COMPANIES

ACTIVE SINCE

Apr 2020

MARKETPEEL · /INSIDER/0001111599DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Paul W. Jones

The morning brief, before the bell.