Jeffrey D. Martchek

NVR

PRESIDENT OF HOMEBUILDING OPS · NVR INC · CIK 0001662555

FILING MIX · LIFETIME33%/67%

BUYS

SELLS

TOTAL VALUE

$5.12M

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

5,500

AVG SELL PX

$4,027.58

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Jeffrey D. Martchek, 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	2	+100.00%	-8.13%	-11.43%	+3.30%	+3.30%	—
14d	2	+100.00%	-3.72%	-10.51%	+6.79%	+6.79%	—
30d	2	+100.00%	-44.21%	-32.23%	-11.98%	-11.98%	—
60d	2	+100.00%	-29.95%	-16.79%	-13.16%	-13.16%	—
90d	2	+100.00%	-23.04%	-11.20%	-11.83%	-11.83%	—
180d	2	+0.00%	+3.46%	+1.86%	+1.60%	+1.60%	—
1y	2	+0.00%	+16.63%	+18.53%	-1.90%	-1.90%	—
2y	2	+0.00%	+23.83%	+33.73%	-9.89%	-9.89%	—

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

NVR · 5,500 shares · as of Feb 21, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 2 buys / 4 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
NVR NVR INC	PURCHASE President of Homebuilding Ops	500	$1,094.22	$547.1K	3,623	Feb 21, 2020	Feb 24, 2020 ↗
NVR NVR INC	SALE President of Homebuilding Ops	500	$4,036.98	$2.02M	3,123	Feb 21, 2020	Feb 24, 2020 ↗
NVR NVR INC	SALE President of Homebuilding Ops	500	—	—	5,500	Feb 21, 2020	Feb 24, 2020 ↗
NVR NVR INC	PURCHASE President of Homebuilding Ops	500	$1,094.22	$547.1K	3,623	Feb 20, 2020	Feb 24, 2020 ↗
NVR NVR INC	SALE President of Homebuilding Ops	500	—	—	6,000	Feb 20, 2020	Feb 24, 2020 ↗
NVR NVR INC	SALE President of Homebuilding Ops	500	$4,018.17	$2.01M	3,123	Feb 20, 2020	Feb 24, 2020 ↗

Other insiders · NVR

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About this filer

CIK 0001662555

ROLE

President of Homebuilding Ops

PRIMARY

NVR

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001662555DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Jeffrey D. Martchek

The morning brief, before the bell.