Performance Analytics
Risk-Adjusted Returns
≈146× account growth · $4.53M in trading gains from a $30,690 start. Dean Gallagher’s personal brokerage account grew from $30,689.71 (January 1, 2023) to $4,469,225.38 (June 30, 2026). Over the same 42 months, total deposits were $316,000 and total withdrawals were $409,854 — net flows of approximately −$93,854 — so the entire ending value, plus the net amount withdrawn, was generated by investment gains. A substantial majority of total gains occurred in the final three months of the period. Results are personal and pre-fund, are presented gross of fees except where noted, were reconciled by the manager to 38 monthly and annual Fidelity statements, and have not been independently audited or verified. Past performance is not indicative of future results; the Fund has no operating history.
Illustrative net-of-fees: had the Fund’s proposed fees (2% annual management fee, accrued monthly, and 20% annual performance allocation subject to a high-water mark) been applied to the same period return series, the cumulative time-weighted result would have been approximately +32,000% (≈321×) versus ≈693× gross — materially lower. Hypothetical illustration only; the Fund did not exist during this period and no fees were actually charged. Time-weighted figures are additionally influenced by six months (August 2024 – January 2025) in which the account balance was under $6,000; see methodology.
Drawdown Profile
The cost
of compounding.
The account-value path was not a straight line. The deepest pullback came in spring 2024 — peak Mar 2024, trough Jun 2024 at −36.42%, with the new high-water mark set in Jul 2024. Every other drawdown was recovered inside two months.
Drawdown is calculated against the running high-water mark of end-of-month account value, reconciled by the manager to 38 monthly and annual Fidelity statements; not independently audited or verified.
Drawdown · 42 Months
Peak-to-trough drawdown over time
Drawdown measures how far the account fell from its prior high-water mark. The deepest point — Spring 2024 — touched -36.42%.
Methodology
Time-weighted return calculated from monthly account returns; this does not represent the multiple obtained by dividing ending account value by initial account value.
Time-weighted results are materially influenced by six months in which the account balance was less than $6,000 following a substantial withdrawal; excluding those months the chained figure is approximately 246×.
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