Period 6 covers May 17 to May 23, 2026 — six calendar days. After Period 5's all-red shutout, four of seven strategies turned positive. The S&P 500 added +0.88% and the NASDAQ +0.45% — a muted but positive backdrop that allowed the quality and value-oriented screens to recover, while commodity and momentum-driven names split. The result is the first split period since Period 4.
The dominant headline is a single stock: Futu Holdings (FUTU) fell −33.3% over the period, collapsing from $134.64 to $89.76. FUTU was a retained position in the Lunch screen, holding a 1-in-12 weight. Its contribution of roughly −2.77 percentage points accounts for the entirety of Lunch's −2.40% loss — the rest of the portfolio was slightly net positive. Period 5 delivered the DOCS lesson; Period 6 delivers the FUTU lesson. Concentrated, equal-weight screens magnify single-stock volatility in both directions.
Best Screen
+2.98%
Screens Positive
4 / 7
Worst Screen
−2.40%
Overlap Stocks
7
Period 6 Returns: Recovery with a Caveat
Quality Growth led at +2.98%, its strongest single-period result in this journal. FICO (Fair Isaac) surged +12.86%, from $1,098.59 to $1,239.91, carrying roughly 1.61 percentage points of portfolio return on its own. AppFolio (APPF) added +8.71%, contributing another 1.09 points. The two names together account for essentially the entire period gain — the other six positions in the screen were a near-wash. This is high-concentration quality in action: when the right names move, the return is crisp; when they don't, the screen underperforms. Sezzle (SEZL) contributed +0.53% on a +4.24% move, rounding out the positive contributors.
| Strategy | Period 6 Return | Period 5 Return |
|---|---|---|
| S9 · Quality Growth | +2.98% | −0.41% |
| S2 · Schloss Dividend | +2.42% | −3.52% |
| S1 · Burry Value Screen | +1.90% | −3.77% |
| S8 · CANSLIM Rocket | +0.68% | −0.85% |
| S7 · Piotroski F-Score | −0.43% | −2.47% |
| S6 · Magic Formula | −1.44% | −3.40% |
| S3 · Lunch | −2.40% | −1.95% |
Schloss Dividend posted +2.42% despite undergoing its most significant reshuffle yet: four positions exited (AGO, KBH, LEN, REXR) and no new entrants arrived, dropping the screen from 12 to 8 holdings. The four departed stocks absorbed a small sell-fee drag. The eight retained names compensated strongly — Ternium (TX) gained +9.84%, Meritage Homes (MTH) +8.55%, and Thor Industries (THO) +3.95%. The screen's thesis — dividend-bearing value names at depressed multiples — found reward in domestic homebuilders and steel this week despite the headline-level turnover.
The Burry Value Screen's +1.90% represents a direct reversal of Period 5's damage. Badger Meter (BMI) jumped +10.16%, NVR added +8.51%, AppFolio +8.71%, and Cirrus Logic (CRUS) +7.18%. The homebuilder complex broadly recovered: PHM +5.74%, TOL +6.43%. The sole new entrant, Deckers Outdoor (DECK), contributed nothing as a period-end addition. The headwind came from Watsco (WSO), which fell −6.94% and subtracted roughly 0.19 points from the return.
CANSLIM's +0.68% is quiet but consistent. First Solar (FSLR) delivered the standout move at +10.50%, and Eli Lilly (LLY) added +5.98%. These were partially offset by NVIDIA (NVDA) −4.43%, Broadcom (AVGO) −2.60%, and Fabrinet (FN) −2.52%. The screen held all 20 positions unchanged — 100% retention — and generated a positive return in a week where momentum names were mixed. The muted result continues the pattern of CANSLIM outperforming in strong markets but capturing only a fraction of benchmark gains when indices are flat-to-modest.
FUTU's −33% collapse is a textbook reminder that equal-weight screens don't eliminate stock-specific risk — they distribute it uniformly. One position out of twelve carrying the full loss of a single earnings event is the design working as intended, and the cost of that design in this instance.
Retention: Three Perfect Scores, One Major Reshuffle
Period 6 produced three strategies at 100% retention — Burry Value, Lunch, and CANSLIM held all positions from the prior snapshot — which gives an unusually clean read on price performance for those screens. Schloss Dividend's 66.7% was the lowest of any strategy in any single period to date. The four exits represent a fundamental change in the screen's composition, not price-driven volatility. The resulting eight-stock portfolio is more concentrated than it has been at any point in this journal. Piotroski shed three names (ASLE, LEGH, SCSC) on a 76.9% retention, moving toward a more compact ten-stock portfolio.
Period 5 Retention
Period 6 Retention
Quality Growth swapped ANET (Arista Networks) for RDDT (Reddit). ANET had been in the screen since Period 4, posting mixed returns across that stretch. RDDT re-enters at $141.67, having previously appeared in Periods 4 and 5 before rotating out. The screen's eight-name structure means each rotation carries meaningful weight. Magic Formula dropped HMY (Harmony Gold) while holding the other twelve positions — a minor adjustment in a commodity-heavy portfolio that otherwise remained unchanged for a second consecutive period.
Cumulative Scoreboard: Two Screens Cross Back Above Zero
Six periods in, the most notable cumulative shift is structural: Burry Value (+1.08%) and Quality Growth (+2.75%) both crossed back above zero after Period 5 pushed them negative. Schloss Dividend made the largest single-period cumulative leap, jumping from +1.91% to +4.38% and overtaking Quality Growth for second place among strategies. CANSLIM remains the only strategy with a return in double digits, at +9.02%.
Against the benchmarks: the S&P 500 now sits at +10.20% and the NASDAQ at +16.07% since inception. CANSLIM trails the S&P by 1.18 percentage points — slightly wider than the 0.97-point gap at the end of Period 5. Six periods in, no strategy has matched the passive index. Whether this changes as screens with deeper value orientations (Schloss, Burry) continue to compound, or whether the index's lead extends further, is the open question for the periods ahead.
| Strategy | Portfolio Value | Cumulative Return |
|---|---|---|
| S8 · CANSLIM Rocket | $10,902 | +9.02% |
| S2 · Schloss Dividend | $10,438 | +4.38% |
| S9 · Quality Growth | $10,275 | +2.75% |
| S1 · Burry Value Screen | $10,108 | +1.08% |
| S3 · Lunch | $9,917 | −0.83% |
| S7 · Piotroski F-Score | $9,498 | −5.02% |
| S6 · Magic Formula | $9,207 | −7.93% |
| Benchmark · S&P 500 | $11,020 | +10.20% |
| Benchmark · NASDAQ | $11,607 | +16.07% |
Lunch's cumulative flip — from +1.61% to −0.83% in a single period — mirrors exactly what DOCS did to Burry Value in Period 5. The mechanism is identical: a retained position in a concentrated equal-weight screen experiences a large earnings-driven move, and the resulting portfolio impact is amplified by the equal-weight construction. Lunch had been one of the more resilient screens through Periods 2–4; it now sits below breakeven on the back of two consecutive negative periods, with FUTU accounting for the entirety of this period's damage.
Overlap: The Same Seven Signals, Now for Two Consecutive Periods
The May 23 snapshot shows the same seven stocks appearing in two or more non-partial screens as Period 5 — no new entries, no departures. This is the first time the overlap composition has held perfectly stable across consecutive periods. Every signal from Period 5 persisted: AEM, APPF, CALM, DRD, FSM, HALO, and LUXE.
Stocks in 2+ Screens · May 23, 2026
DRD Gold has now appeared in the Magic Formula / CANSLIM Rocket overlap at every snapshot date since April 22 — six consecutive snapshots across five periods. Over that stretch, DRD has moved from $29.00 to $34.22 (Period 1 entry) to $29.00 (Apr 22 reentry) to $26.78 to $30.23 to $26.25 to $25.95. The stock oscillates but the overlap persists. Persistent overlap does not mean price stability. LUXE has been in the Piotroski / CANSLIM overlap equally long and has declined steadily from $9.00 at the start of Period 2 to $6.98 today. Cross-screen agreement on a name is a structural filter signal, not a price forecast.
What Six Periods Tell You
FUTU repeats the DOCS lesson, and the lesson is structural. Two consecutive periods, two screens, two large single-stock events that dominated the portfolio return. In Period 5 it was DOCS in Burry Value (−27%); in Period 6 it is FUTU in Lunch (−33%). Equal-weight construction does not reduce name-specific risk — it allocates it evenly and then magnifies it arithmetically. A screen with twelve positions is 8.3% exposed to each name. One large enough move in any holding can define the period.
Schloss Dividend's rise to second place cumulatively is underappreciated. At +4.38% it now holds the second-best cumulative return of any strategy, ahead of Quality Growth and well ahead of Burry Value. This was achieved through five distinct sets of holdings — the screen has reshuffled more than any other strategy, yet the accumulated return is positive and growing. The period 6 result (+2.42%) despite a 66.7% retention rate suggests the filter is selecting names at the right point in their valuation cycle, not just holding a stable set of names.
CANSLIM's +9.02% lead is real but not widening. The gap between CANSLIM and the S&P 500 has been negative for two periods now — the screen trails by 1.18 percentage points. Across six periods, CANSLIM has been the strongest strategy in this journal, but the passive benchmark has outpaced it consistently since Period 4. The NASDAQ at +16.07% remains 7.05 percentage points above CANSLIM's best result. Equal-weight momentum screens do not replicate the top-heavy composition that has driven index returns in this period.
Quality Growth's FICO position is now a defining holding. FICO moved from $1,035.50 in Period 3 to $1,239.91 at the close of Period 6 — a cumulative gain of +19.7% over four periods while remaining in the screen throughout. At its current weight in an eight-stock portfolio, FICO contributes approximately 2.5 percentage points of cumulative return to Quality Growth. The screen's +2.75% cumulative result depends significantly on this single holding continuing to pass the quality-growth filter.
The overlap's stability is a different kind of signal. Seven stocks holding their cross-screen positions for two consecutive periods is the most stable reading in this journal. It suggests the underlying filters — across value, growth, and momentum methodologies — are converging on a set of names they collectively find compelling. Whether that convergence reflects genuine quality or shared screening artifacts is worth monitoring as Period 7 approaches.