Who leads whom
Some investors are reliably early. This board ranks the tracked roster by how often a new position is followed, within 2 quarters, by another tracked investor entering the same name. A high lead score means that investor’s fresh buys tend to precede the crowd, the closest thing here to front-running the front-runners.
Out-of-sample stability check: split the history in half and the lead ranking holds with a rank correlation of 0.36. DESCRIPTIVE ONLY: the lead ranking does not repeat reliably out of sample, so we make no predictive claim.
Lead ranking
| # | Investor | Lead score | Entries |
|---|---|---|---|
| 1 | D. E. Shaw | 52% | 218 |
| 2 | Tci | 47% | 53 |
| 3 | Kantesaria | 47% | 17 |
| 4 | Egerton | 44% | 228 |
| 5 | Millennium | 43% | 209 |
Strongest lead → follow pairs
| Leader | tends to be followed by | Shared entries |
|---|---|---|
| Soros | Druckenmiller | 38 |
| Ainslie | Soros | 37 |
| Ainslie | Coatue | 30 |
| Mandel | Egerton | 29 |
| Soros | Viking | 29 |