The Operating Record guide

The operating record for student-managed funds. Decisions happen here, under the mandate, and the history survives graduation.

This page is the live half of the printed kit. Every table below is generated from the same source the print run is set from, so a printed page and this page are checkable against each other on the day.

The data room

What a student can research with, whether it can leave the platform, and how to cite it. A source that needs a key it does not have here is listed as opening, named by the setting it waits on.

Export is offered only when a dataset is public and its licence is confirmed. Everything else renders in the app for authenticated analyst-and-up members.

39 datasets catalogued. 37 answer here today, 2 open once their source key is set, and 5 may leave the platform in a student report.

Market

DatasetSourceGrainExportStatusCite as
Price barsAlpacaOne daily OHLCV bar.NoLiveAlpaca via DogBone Capital, Price bars, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Live quotesAlpacaOne live Level 1 quote.NoLiveAlpaca via DogBone Capital, Live quotes, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Crypto quotesCrypto feedOne live crypto quote.NoLive, no key neededCrypto feed via DogBone Capital, Crypto quotes, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Intraday barsAlpacaOne intraday OHLCV bar.NoLiveAlpaca via DogBone Capital, Intraday bars, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Options chainOptions dataOne option contract on one expiry.NoLive, no key neededOptions data via DogBone Capital, Options chain, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Corporate actionsDogBoneOne recorded corporate action.NoLive, no key neededDogBone via DogBone Capital, Corporate actions, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Trading haltsDogBoneOne recorded trading halt.NoLive, no key neededDogBone via DogBone Capital, Trading halts, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Fundamentals

DatasetSourceGrainExportStatusCite as
Analyst ratingsFinnhubOne period's consensus rating snapshot.NoLiveFinnhub via DogBone Capital, Analyst ratings, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Fundamentals: statementsTiingoOne reported statement section for a fiscal period.NoOpening when TIINGO_API_KEY is setTiingo via DogBone Capital, Fundamentals: statements, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Fundamentals: metricsTiingoOne day's valuation-metric snapshot.NoOpening when TIINGO_API_KEY is setTiingo via DogBone Capital, Fundamentals: metrics, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Asset classificationsSecurity masterOne symbol's current classification.NoLive, no key neededSecurity master via DogBone Capital, Asset classifications, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Alt-data

DatasetSourceGrainExportStatusCite as
Consumer card spendCarbonArcOne insight (weekly cadence; US merchants, 2019 to present).NoLiveCarbonArc via DogBone Capital, Consumer card spend, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Consumer transactions panelCarbonArcOne insight (weekly cadence; US panel, 2018 to present).NoLiveCarbonArc via DogBone Capital, Consumer transactions panel, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Mobile app usageCarbonArcOne insight (daily cadence; Global apps, 2020 to present).NoLiveCarbonArc via DogBone Capital, Mobile app usage, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
App store downloadsCarbonArcOne insight (weekly cadence; Global stores, 2019 to present).NoLiveCarbonArc via DogBone Capital, App store downloads, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Web trafficCarbonArcOne insight (weekly cadence; Global domains, 2019 to present).NoLiveCarbonArc via DogBone Capital, Web traffic, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Store foot trafficCarbonArcOne insight (weekly cadence; US locations, 2019 to present).NoLiveCarbonArc via DogBone Capital, Store foot traffic, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Job postingsCarbonArcOne insight (weekly cadence; US and EU employers, 2018 to present).NoLiveCarbonArc via DogBone Capital, Job postings, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Employee headcountCarbonArcOne insight (monthly cadence; Global companies, 2019 to present).NoLiveCarbonArc via DogBone Capital, Employee headcount, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Ocean shipping importsCarbonArcOne insight (weekly cadence; US imports, 2018 to present).NoLiveCarbonArc via DogBone Capital, Ocean shipping imports, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Online product pricingCarbonArcOne insight (daily cadence; Global retailers, 2020 to present).NoLiveCarbonArc via DogBone Capital, Online product pricing, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Digital ad spendCarbonArcOne insight (monthly cadence; US advertisers, 2019 to present).NoLiveCarbonArc via DogBone Capital, Digital ad spend, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Patent filingsCarbonArcOne insight (monthly cadence; Global filings, 2015 to present).NoLiveCarbonArc via DogBone Capital, Patent filings, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Clinical trialsCarbonArcOne insight (weekly cadence; Global registries, 2015 to present).NoLiveCarbonArc via DogBone Capital, Clinical trials, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Energy productionCarbonArcOne insight (monthly cadence; US operators, 2018 to present).NoLiveCarbonArc via DogBone Capital, Energy production, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Airline capacityCarbonArcOne insight (weekly cadence; Global carriers, 2019 to present).NoLiveCarbonArc via DogBone Capital, Airline capacity, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Corporate sentimentCarbonArcOne insight (daily cadence; Global companies, 2020 to present).NoLiveCarbonArc via DogBone Capital, Corporate sentiment, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Filings & Congress

DatasetSourceGrainExportStatusCite as
Congress tradesQuiverOne disclosed congressional trade.NoLiveQuiver via DogBone Capital, Congress trades, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Insider transactionsSEC EDGAROne Form 4 insider transaction.YesLive, no key neededSEC EDGAR, Insider transactions. Primary source, read through DogBone Capital on 2026-09-08
13F holdingsSEC EDGAROne institution's 13F holding of the ticker.YesLive, no key neededSEC EDGAR, 13F holdings. Primary source, read through DogBone Capital on 2026-09-08
EDGAR filingsSEC EDGAROne SEC filing.YesLive, no key neededSEC EDGAR, EDGAR filings. Primary source, read through DogBone Capital on 2026-09-08
Peer fundsSEC EDGAROne registered fund share class in one style sub-category.YesLive, no key neededSEC EDGAR, Peer funds. Primary source, read through DogBone Capital on 2026-09-08

News

DatasetSourceGrainExportStatusCite as
News corpusNews deskOne ingested news article.NoLive, no key neededNews desk via DogBone Capital, News corpus, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Macro

DatasetSourceGrainExportStatusCite as
FRED macro seriesFREDOne observation of the series.YesLiveFRED, FRED macro series. Primary source, read through DogBone Capital on 2026-09-08
Economic calendarDogBoneOne scheduled economic event.NoLive, no key neededDogBone via DogBone Capital, Economic calendar, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Club data

DatasetSourceGrainExportStatusCite as
Fund equity curvesDogBoneOne equity-curve point.NoLive, no key neededDogBone via DogBone Capital, Fund equity curves, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Call settlementsDogBoneOne settled call (your own).NoLive, no key neededDogBone via DogBone Capital, Call settlements, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Risk breachesDogBoneOne position-cap breach.NoLive, no key neededDogBone via DogBone Capital, Risk breaches, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.
Research libraryDogBoneOne published research item (metadata only).NoLive, no key neededDogBone via DogBone Capital, Research library, retrieved 2026-09-08. Figures may be quoted; tables may not be reproduced.

Cite the primary source when there is one. Cite the vendor through the platform when there is not. Never paste a licensed table.

The title ladder

Each title publishes a short list of things the platform can verify from a member's own record. Meeting them makes a member eligible; a person ratifies, and the grant carries the date and the spec version it was earned under.

A title is the floor of what this person has done here, not a rank against anyone.

A title carries no position on any board, no percentile and no score. Two people who meet the same minimum hold the same title.

TitleMinimum evidenceRatified byStatus
Member
  • Onboarding complete
  • Placement quiz taken
  • Role charter acknowledged

The seat every member starts in. Nothing here is a judgement about the person.

AutomaticLive
Analyst
  • One Call authored with a pre-mortem and taken to committee
  • One memo written from a research template
  • 10 journal entries on the member's own book

The first rung that unlocks authoring a Call and querying the data room.

Fund leadLive
Senior Analyst
  • 10 settled Calls, the emerging reliability floor
  • Journal rate at or above the fund's own policy
  • One memo that reached a committee vote
  • No unauthorised trades in the period

Settled means the Call reached its target, its stop or its horizon, decided by prints and not by opinion.

Fund leadLive
Associate Fund Lead
  • 30 settled Calls, the established reliability floor
  • One full 3 month checkpoint on a fund book under an IPS, with zero unauthorised trades
  • One review of another member's Call
  • One allocation proposal sanctioned

The first rung with authority over somebody else's work, so an officer ratifies it.

OfficerLive
Fund Lead
  • Ran a fund through a 3 month checkpoint as lead
  • IPS revision authored
  • Investment committee package issued
  • Exception register clean, or every exception acknowledged
  • Handover pack complete if positions were inherited

Measured on the mandate the fund published, not on the return it happened to post.

OfficerLive
Portfolio Manager
  • Fund Lead, plus one completed checkpoint
  • Runs an allocator book: a fund of funds, or a hybrid book

Policy, opening a later term. Allocator books are not live on this platform today.

OfficerPolicy, opening a later term
Leadership
  • Elected or appointed by the club

Carries no additional trading authority. It is a club office, not a rung above Fund Lead.

OfficerLive

Ladder spec 2026-09-08.v1.

The record

A member may open their record to the public. It shows settled Calls with the sample size behind every rate, the reliability tier that sample earns, and who did what: author, voter, approver, executor. A module a member keeps private is disclosed as private rather than quietly omitted.

How to read a record walks through one, annotated.

Printed edition: September 2026. Catalog of 39 datasets and title ladder 2026-09-08.v1, as of 2026-09-08. Current version at dogbonecap.com/guide.