01
Forward View
Return Decomposition Yacktman · weighted
S&P reversion:
Expectations Gap consensus − reverse DCF
Valuation Scenarios (weighted upside)
02
Realized View
Realized vs S&P 500 price-only · daily series
03
Portfolio Structure
Sector Tilts vs S&P 500 active weights (portfolio − SPX)
04
Market Context
05
Holdings