Date of Award
5-2025
Document Type
Honors Thesis
Degree Name
Bachelor of Science
Department
Business
Advisor/Committee Chair
David M. Smith
Abstract
This study tests for a quadratic relation between number of holdings and performance for open-end mutual funds. Based on previous literature and practical portfolio management constraints, a quadratic relation is hypothesized. If confirmed, this would suggest an optimal number of holdings. The results show the hypothesized quadratic relation for fixed income funds, but not for other asset classes. The findings hold for both large and small-scale funds.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Recommended Citation
Wanzenried, Mason, "The Number of Portfolio Holdings and Performance of Actively Managed Mutual Funds" (2025). Business/Business Administration. 69.
https://scholarsarchive.library.albany.edu/honorscollege_business/69
