--- title: "U.S. Chess Champion Backs Out Of Abivax and Casey's, But Keeps Outpacing the S&P 500" type: "News" locale: "en" url: "https://longbridge.com/en/news/292486662.md" description: "U.S. Chess Champion Hikaru Nakamura closed positions in Abivax (ABVX) and Casey's General Stores (CASY) to maintain his portfolio's outperformance against the S&P 500. He sold ABVX for a 16.49% gain and CASY at a 9.14% loss. Overall, Nakamura achieved a 30.8% total return with an alpha of 15.4% over the benchmark index." datetime: "2026-07-13T12:04:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292486662.md) - [en](https://longbridge.com/en/news/292486662.md) - [zh-HK](https://longbridge.com/zh-HK/news/292486662.md) --- # U.S. Chess Champion Backs Out Of Abivax and Casey's, But Keeps Outpacing the S&P 500 U.S. chess champion Hikaru Nakamura has closed two stocks to help keep his TipRanks investment portfolio outperform the S&P 500. ### TipRanks Welcomes a New ETF – NYSE:RANK High conviction AMZN bears now have this Tradr ETF ## **ABVX and CASY** On June 30, Hikaru closed his position in Abivax (ABVX). He bought 85 shares in the biotech on January 9, 2026 at a price of $115.94, It represented 8.93% of his holdings. At the time he said: "French biotech up 1700% in 2025 on the back of Obefazimod results. Ulcerative colitis is a huge market, projections of 10B in revenue per year once the drug is publicly available on top of being a huge buyout target." Hikaru ended his position with a healthy gain of 16.49%. On June 23, Hikaru closed his position in Casey's General Stores (CASY). Hikaru bought 15 shares at a purchase price of $780 earlier that month. It represented 10% of his overall holdings. Although Hikaru didn't identify the reasons behind the purchase, he was likely to have been attracted by the stock's 48.6% hike in the year-to-date. That has been helped by higher fuel margins as gas prices rise and more demand for convenience food like pizza. However, he ended his position with a loss of 9.14%. ## **Strong Overall Returns** Overall, Hikaru has notched up a 30.8% gain, has an 11.79% average return on his transactions and has achieved 12 out of 24 profitable transactions. His alpha over the S&P 500 is 15.4%. ### Related Stocks - [ABVX.US](https://longbridge.com/en/quote/ABVX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [CASY.US](https://longbridge.com/en/quote/CASY.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [RANK.US](https://longbridge.com/en/quote/RANK.US.md) ## Related News & Research - [Casey's General Stores, Inc. $CASY Position Boosted by Cetera Investment Advisers](https://longbridge.com/en/news/294025067.md) - [If I Only Had $500 to Invest, This Is the ETF I'd Buy Right Now](https://longbridge.com/en/news/293905858.md) - [Prediction: Vanguard's S&P 500 ETF Will Be Back Above $1 Trillion in Assets Before the Year Is Out. Here's the Math.](https://longbridge.com/en/news/294609950.md) - [Ameriprise flags $1.5 trillion margin debt as leverage, stock concentration risks rise](https://longbridge.com/en/news/293968381.md) - [LIVE MARKETS-Who's next for the S&P 500? The clock is ticking](https://longbridge.com/en/news/294537249.md)