This is the first update to the TL20 list of stocks to consider since the inauguration of the group on July 18th. As you can see, the returns have been healthy, with the group up 13.79% since their closing prices on July 15th, the reference date for that inauguration.

The composite shown in the graphic is a composite created by FactSet as a market cap-weighted average of the twenty stocks. The idea is to smooth out disproportionate effects that could happen from wide differences in the absolute number of shares or prices of the stocks.

I’m happy to see, too, that so far, TL20 has topped Cathie Wood’s ARK Innovation exchange-traded fund (ticker “ARKK”), which is up just two percent in that time. It’s been a rough year for Wood. The ETF is down fifty-two percent.