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Michael A. Butt

AXS
DIRECTOR · AXIS CAPITAL HOLDINGS LTD · CIK 0001249919
FILING MIX · LIFETIME100%/0%
BUYS
2
SELLS
0
TOTAL VALUE
$250.5K
COMPANIES
1
ACTIVE SINCE
Jan 2020
HOLDINGS NOW
986,922
AVG SELL PX
TRADE KIND
SHOWING 2 / 2
Trades · vs SPY
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Performance · forward returns vs SPY
1 backtested trades · 8 horizons
Forward-return performance of every backtestable P/S trade by Michael A. Butt, 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.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d1+0.00%-6.93%-3.06%-3.87%-3.87%
14d1+0.00%-5.15%+5.89%-11.05%-11.05%
30d1+100.00%+3.00%+12.78%-9.78%-9.78%
60d1+0.00%-7.94%+18.58%-26.52%-26.52%
90d1+100.00%+0.69%+29.32%-28.64%-28.64%
180d1+100.00%+15.52%+35.69%-20.16%-20.16%
1y1+100.00%+29.21%+61.80%-32.58%-32.58%
2y1+100.00%+33.41%+74.78%-41.37%-41.37%
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
AXS · 986,922 shares · as of Mar 12, 2020
0246,731493,461740,192986,922SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2020
FLOW · 2 buys / 0 sellsCOVERAGE · 1 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILED
AXS
AXIS CAPITAL HOLDINGS LTD
PURCHASE
5,760$43.49$250.5K986,922Mar 12, 2020Mar 16, 2020
AXS
AXIS CAPITAL HOLDINGS LTD
PURCHASEGRANT
Stock grant
1,655981,162Jan 15, 2020Jan 17, 2020
Other insiders · AXS
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About this filer
CIK 0001249919
ROLE
Director
PRIMARY
AXS
COMPANIES
1
ACTIVE SINCE
Jan 2020
MARKETPEEL · /INSIDER/0001249919DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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