Sparrowcore's Paper Trading Fund
Sparrow Sim.
Sparrow Sim is Sparrowcore's simulated-capital fund — running the exact same research and Investment Committee process as our Real Capital Fund, with no real money at risk and no shortcuts either. It's how analysts build a track record starting now, instead of waiting for launch day.
What It Is
The same discipline. None of the real money.
Sparrow Sim tracks simulated positions using the same research standards, the same Investment Committee review, and the same reporting as the Real Capital Fund — the only difference is that no real capital is at risk. Analysts still have to build a thesis, defend it in front of the Committee, and live with the result if the thesis is wrong. It's practice, but it isn't a shortcut.
At a Glance
- Status
- Coming soon
- Capital
- Simulated — no real money
- Process
- Identical to the real fund
- Purpose
- Training & track record
- Eligibility
- Open to all analysts
Current Holdings
Sparrow Sim's launch portfolio.
Eight real positions, entered at real market prices on August 23, 2026, sized by conviction rather than split evenly. This is $1,000,000,000 in paper capital — no real money is at risk — but every price below is real and tracked live, not backtested or reconstructed after the fact.
| Company | Sector | Weight | Shares | Entry Price | Current Price | Value | Gain |
|---|
Portfolio Allocation
Conviction, not an even split.
Sized by how defensible each thesis is, not divided evenly across eight names.
Portfolio Performance
The overall portfolio, tracked live.
Real data points captured since this page was opened — not historical or backtested. It only knows what's happened since you loaded this page, and it grows for as long as you leave it open.
Sector Exposure
Six sectors, not one theme.
Concentration Analysis
How much rides on any one bet.
Performance Leaderboard
Ranked by return, not by size.
Portfolio Heatmap
Weight and return, at a glance.
Risk Analytics
What we can measure honestly, today.
Sparrow Sim launched today — metrics that require a historical return series aren't invented here. They'll appear as real numbers once there's real history behind them.
Why It Exists
Three things it solves at once.
Analysts don't have to wait for the Real Capital Fund to launch to start doing real research and defending real theses in front of a real committee.
Every part of our research pipeline — from screening to sign-off — gets tested here first, so the process is proven before it ever touches donor capital.
Analysts leave with a documented history of calls they made and how they played out — useful for internships, full-time recruiting, and their own portfolios.
Get Involved
Start building your track record now.
Applications for Equity Research Analyst run through BizFin Academy's pipeline and land you on Sparrow Sim first — see the full process on the Apply page.