5-Year Portfolio Review (38.62% CAGR): Executing a Concentrated Deep Value Strategy in Public Markets (2020–2025).

I just completed a forensic audit of my personal portfolio from **August 2020 to September 2025**. I wanted to establish a baseline for what a high-concentration Deep Value strategy looks like in the public markets without using margin or options. **The Broker-Verified Stats:** * **Total Return:** 440.54% * **CAGR:** 38.62% * **Alpha vs S&P 500:** \+331% * **Strategy:** Concentrated Value (8 positions). Long Only. No Leverage. **The Monthly Ledger (TWRR):** *(Note the volatility. I took a -17% drawdown in June 2025. This is the price of concentration.)* **Proof of Funds:** * **Start (Aug 2020):** \~$65k (J.P. Morgan) * **End (Aug 2025):** \~$310k (Apex Clearing) **Current Allocation:** I have rotated 100% of this capital into **Fiserv (FI)** at $65. It is trading at 7.6x earnings with a 12% FCF yield—a classic value dislocation. (Self-Promotion Disclosure: I write a Substack where I track these trades. I am linking the audit source data below solely for verification purposes, as per Rule 4. No subscription is required to view the data.) **Audit Download:** You can download the full TWRR verified ledger here: [https://theosbornletter.substack.com/p/5-year-3862-cagr-my-verified-public](https://theosbornletter.substack.com/p/5-year-3862-cagr-my-verified-public) [](https://preview.redd.it/audited-5-year-returns-38-62-cagr-long-only-zero-leverage-v0-1c5gibtmdcig1.jpg?width=1117&format=pjpg&auto=webp&s=d6e1d4c522221669e527e0445678e1cc8232db10) [](https://preview.redd.it/audited-5-year-returns-38-62-cagr-long-only-zero-leverage-v0-z9nhja1odcig1.jpg?width=1180&format=pjpg&auto=webp&s=0f20ef4b109e835a7a4943daaf89fcf95028b13a) [](https://preview.redd.it/audited-5-year-returns-38-62-cagr-long-only-zero-leverage-v0-1n412auvecig1.jpg?width=459&format=pjpg&auto=webp&s=64f350b85ebbef94ac6ea5f6b72464ba45c022b3)