Portfolio Disclosure
A portfolio that nobody can see is a marketing pitch. A portfolio that anybody can see is a record. We choose the record. This page explains what we publish, when, and why we believe disclosure is the foundation of honest research.
Why disclosure matters
An investor cannot judge a manager from a marketing page. They can judge a manager from the trades the manager actually made and the reasons given at the time. Disclosure converts a story into evidence. It is the cheapest piece of investor protection there is, and the rarest.
What was historically disclosed
The original StockJungle funds disclosed holdings on the public site at a cadence well past the regulatory minimum. Trade rationales were posted in plain language. Mistakes were noted in writing rather than quietly removed. The label naked mutual funds came from this practice and not the other way around.
What is disclosed now
StockJungle today does not run mutual funds. It tracks model portfolios for thirteen named Portfolio Managers. For each model portfolio we publish:
- The full list of current positions and weights, refreshed daily.
- Every trade with a time stamp, sized in shares and percent of portfolio.
- The written rationale that accompanied the trade.
- Performance against a published benchmark, calculated on a rolling basis.
- The manager's stated philosophy, including what they will not buy.
Benefits to the reader
The reader can verify whether a manager actually does what their philosophy says. The reader can watch a thesis age. The reader can spot when conviction is rising or falling by watching the position size, not just the headline call. None of this requires trust. It requires reading.
Limits and disclaimers
Model portfolios are hypothetical. They do not include slippage, taxes, or financing costs the way a live brokerage account would. Performance does not reflect the friction of executing in size. Past results in a model are not a forecast for any real account. Read every portfolio with that boundary in mind.
Performance tracking policy
We do not back fill returns. We do not adjust historical positions to look better in retrospect. When a manager underperforms, the page says so. When luck is responsible for a good year, we try to say so as well. We would rather publish modest results honestly than impressive results that did not actually happen.
Disclosure is necessary, not sufficient
A visible portfolio is not the same as a good portfolio. Disclosure tells the reader what was done. It does not tell them whether the doing was wise. The reader is still on the hook for judgment. We make that judgment cheaper by giving them everything we have.