Decision Timeline

BMY, decision by decision.

Not just who owns it now. This is the sequence of material choices managers reported, when each choice became visible, and the observed result after disclosure.

Material decisions: 9
Buy / add: 3
Trim / exit: 6

Eight-quarter evidence

3 reported quarters

Q2 2025
filed Aug 13, 2025
44d lag
TRIM-35.3%
Dodge & Cox Funds · 0.5% of reported portfolio
Original SEC filing ↗
-2.9% vs SPY
63 sessions after disclosure
direction supported so far
Q2 2025
filed Aug 6, 2025
37d lag
EXITEXIT
Harry Burn · 3.0% of reported portfolio
Original SEC filing ↗
-5.2% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
TRIM-28.5%
Hillman Capital Management · 2.8% of reported portfolio
Original SEC filing ↗
-10.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
ADD+35.0%
Bill Miller · 2.6% of reported portfolio
Original SEC filing ↗
-10.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
TRIM-99.2%
Joel Greenblatt · 0.3% of reported portfolio
Original SEC filing ↗
-10.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 13, 2025
44d lag
EXITEXIT
Sarah Ketterer · 1.0% of reported portfolio
Original SEC filing ↗
-11.2% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 11, 2025
42d lag
NEWNEW
Harry Burn · 2.6% of reported portfolio
Original SEC filing ↗
-13.7% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2024
filed Nov 14, 2024
45d lag
ADD+33.3%
Bill Miller · 2.3% of reported portfolio
Original SEC filing ↗
-6.1% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2024
filed Nov 14, 2024
45d lag
TRIM-53.6%
Joel Greenblatt · 0.4% of reported portfolio
Original SEC filing ↗
-6.1% vs SPY
63 sessions after disclosure
direction supported so far

Latticework Follow

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Material means a new or exited position, or at least a 20% share-count change, with at least 0.5% portfolio weight or $100 million reported value. Share counts are adjusted for confirmed splits. Outcomes start after disclosure, not at an invented trade date, and are not manager returns.