Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $6 billion under management. As of June 30, 2007, the CGM Focus Fund has averaged 21.1% since inception in September 1997.
Investing Philosophy:
Heebner is a growth oriented investor. He has a history of making bold and swift sector calls. Mr. Heebner is fiercely independent, and is not afraid to make large bets based on his convictions.
One of the funds managed by Investment Guru Ken Heebner - CGM Focus Fund – is ranked as the “Best Stock Fund of the Decade” by Wall Street Journal today. The Fund rose more than 18% annually through December 29, 2009 for the past 10 years. More...
(GuruFocus, December 16, 2009)Ken Heebner is bullish on stock market. Today’s Fed action (or inaction) of keeping the interest rate at the historical low is exact the kind of catalyst to fuel his bullish thesis on stock market. For him, the 2007-2008 disastrous period is over. The low utilization ratio of capacity and the high unemployment rate make the inflation pressure all but disappear. There will be no double dip because the optimism in the people is creating new products. We had a nightmare but things are “normalized”, so we are going to have a good few years of growth ahead of us. More...
(GuruFocus, November 23, 2009) It is hard to pin down on Investment Guru’s positions as he trades his chips at such a fast pace. It is equally hard to pin down his performance as well. The performance of the flagship CGM Focus Fund is as follows: More...
(GuruFocus, November 23, 2009) Investment Guru Ken Heebner is a trader, tossing between tens of stocks at any given time. GuruFocus records that as of September 30, 2009, he has a stock portfolio of $6.72 distributed among 77 stocks and among them, 38 stocks are new names. More...
When the financial market started to show signs of trouble in 2007, Ken Heebner shorted financials and made 80% for his fund. That made him the hottest fund manager on the earth. Then in 2008, his fund lost 48%. For this year, his fund also underperformed the market considerably. More...
(GuruFocus, November 12, 2009) Leading in the interview with Ken Heebner, CNBC shows Treasury Secretary Geithner reiterate his view on a strong dollar policy in Asia Summit. Ken Heebner, portfolio manager of Capital Growth Management has the following to say: More...
(GuruFocus, September 15, 2009) Investment Guru Kenneth Heebner, the head of Capital Growth Management has been loved and hated (mostly hated lately) by his investors, admired and mocked (mostly mocked lately). His CGM Focus Fund outperformed the market routinely by a large margin, especially in 2007, it outperformed S&P 500 by a hefty 74.4%. He manages three mutual funds, but Focus Fund has most asset so it is a good proxy. To the rest of us, at the time the guy was a genius who can turn stone into diamond. It is in that year, users in GuruFocus voted him Guru of The Year. Then 2008 came, he made two mistakes: first he exited commodity stocks too late and then he entered the financials too soon. In 2008, the CGM Focus Fund declined 48.2% vs. S&P 500’s -37%. More...
Ken Heebner shorted financials in 2007, made 80% for his shareholders, and made himeself the hottest fund manager on the planet. He turned bullish on financials in third quarter of 2008, 6 months too early. he gave up all the gains of 2007, then some. But apparently he is convicted, still owns about half of his fund in financials, and made Ford his second largest holding. This is the Q2 portfolio update. More...
It wasn’t too long ago Ken Heebner took the financial world by storm as his CGM Focus fund outperformed its peers and the S&P 500 index by wide margins leading up to the 2008 market correction. Ken Heebner gained national attention as his fund, which was overweight on commodity stocks, outperformed the market by a whopping 74%. This was 2007 when all was nice and dandy, then 20008 came. In 2008, the market crashed and commodity stocks took an even bigger plunge due to the world economic prices and forced liquidations. The CGM Focus Fund suffered a 48% decline in 2008 and is currently trailing in 2009 by 12%. As the CGM Focus fund heals it wounds, Ken has pretty much kept a low profile making several appearances. Among his appearances is the one on CNBC Wednesday August 12, 2009. This appearance is interesting as it happens moments after the fed has decided to keep rates at current levels. More...
(GuruFocus, August 11, 2009) Investment Gurus Ken Heebner reduced shares in REITs company Macerich Co. He sold 16.42% of his holdings in MAC at the price of $27.66 per share on August 10, 2009. After the sale, he still owns 3,847,718 shares. Heebner bought into MAC since eQ05/ He has traded in and out of the stock but the recent crash prompted him to buy more. Heebner owned 4,603,900 shares as of 03/31/2009. More...
SummaryKen Heebner’s top buys in 1Q09 include: Best Buy Co. Inc. (BBY), Amazon.com Inc. (AMZN), Goldman Sachs Group Inc. The (GS), Morgan Stanley (MS) More...
Summary As of March 31, 2009, Ken Heebner’s top holdings are: Apollo Group Inc. (APOL), Goldman Sachs Group Inc. (GS), WalMart Stores Inc. (WMT), Morgan Stanley (MS), CVS Caremark Corp. (CVS), and Amazon.com Inc. (AMZN) More...
If you put your money into Ken Heebner’s fund after its 80% return in 2007, you might feel sorry, the fund lost 48% in 2008. But if you had put your money in his fund in 1999, the money has grown 4 times. Not bad? The S&P500 actually lost money since 1999. This is the Q1 portfolio update of Ken Heebner’s Capital Growth Management. Ken Heebner owns 91 stocks with a total value of $5.4 billion. More...
CGM Mutual Fund declined 17.6% during the fourth quarter of 2008 compared to the unmanaged Standard and Poor’s 500 Index which fell 21.9% and the Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index which returned 5.1%. For the year just ended, CGM Mutual Fund returned 28.2%. More...
Ken Heebner shorted financials and made 80% in 2007. Then he bet on commodities in 2008, it turned out to be too late. then he moved to financials..., it was too early. Now he is heavily invested in financials and healthcare. Ken is a remarkable investor. Although sometime he got it wrong, but he still did very well during the past 20 years. This is what he bought and sold in the 4th quarter of 2008. More...
Ken Heebner, our Investment Guru of Year 2007 has been busy lately. GuruFocus data indicates that he bought 5.5 million shares of Developers Diversified Realty (DDR), or 4.8% of the Real Estate Investment Trust (REIT) company, through February 6, 2009. More...
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