Westport Asset Management

Last Update: 2013-05-13

Number of Stocks: 69
Number of New Stocks: 3

Total Value: $1,059 Mil
Q/Q Turnover: 5%

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Westport Asset Management's Profile & Performance

Profile

The firm's investment philosophy is a modified form of bottom-up value investing that combines classic value investment with forward-looking business analysis. This approach combines low valuation, a value attribute, with improving earnings and cash flow, a growth attribute. This variation of value investing may reduce downside risk while offering the potential for capital appreciation as a stock gains favor among other investors as its price increases.

The firm's investment focus is on companies selling at a substantial discount to their intrinsic value. These companies are often out of favor with Wall Street due to transitory problems.

Principles of the firm include founder Andrew J. Knuth and Managing Director Edmund H. Nicklin, Jr.

Web Page:http://www.westportfunds.com

Investing Philosophy

Normally, the Westport Fund invests primarily in undervalued common stocks of mid capitalization companies. A mid capitalization company is defined as having a market value between $2 and $10 billion. The Westport Fund will opportunistically invest in securities of companies with both larger and smaller market capitalizations, but expects the median market capitalization of the Fund to be in the mid capitalization range. The Westport Fund considers several factors as part of its analysis for determining value, primarily the potential for capital appreciation and secondarily the potential for current income.

Total Holding History

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Performance of Westport Fund

Year	Return (%)	S&P500 (%)	Excess Gain (%)
2012	12.26	15.4	-3.1
2011	3.24	2.08	1.2
2010	20.06	15.06	5.0
3-Year Cumulative	39.1 (11.6%/year)	35.5 (10.7%/year)	3.6 (0.9%/year)
2009	32.17	26.46	5.7
2008	-30.28	-37	6.7
5-Year Cumulative	28.2 (5.1%/year)	8 (1.5%/year)	20.2 (3.6%/year)
2007	13.71	5.61	8.1
2006	13.27	15.79	-2.5
2005	11.61	4.91	6.7
2004	16.86	12	4.9
2003	29.36	28.7	0.7
10-Year Cumulative	178.6 (10.8%/year)	99.7 (7.2%/year)	78.9 (3.6%/year)
2002	-16.91	-22.1	5.2
2001	3.99	-11.9	15.9
2000	8.68	-9.1	17.8
1999	46.13	21	25.1
1998	12.2	28.6	-16.4
15-Year Cumulative	329 (10.2%/year)	93.8 (4.5%/year)	235.2 (5.7%/year)

Top Ranked Articles

Westport Asset Management Buys MSM, ROST, MA, CHKP, LH, WSH, FST, Sells DV

May 9, 2011

Westport Fund has outperformed the market in eleven out of the last twelve years. Their 10 year cumulative return is 108%, while the market gained just 16.4%. This is the portfolio update for the first quarter of Westport. Read more...

Westport Asset Management Makes Two Sells in Q3 Portfolio Update

November 8, 2012

Milwaukee-based Westport Asset Management reported its portfolio updates for the third quarter that ended Sept. 30, a short list containing only one reduction and one complete sell of all its shares of one company, in addition to three increases in current shareholdings and one new holding – six transactions in total. Read more...

Westport Asset Management RSG, SGY, LPS, CHKP, Sells KBR, AIR, ELMG, DBD

February 3, 2011

Westport Asset Management just reported their fourth quarter portfolio. The firm likes to invest in undervalued companies with market cap between $2 and $10 billion. The firm’s flagship fund Westport Fund has achieved impressive performance since 1999. The fund outperformed the market every year except for 2006, when the fund underperformed by 2.5%. Read more...

Westport Asset Management Buys Teradata Corp., Republic Services Inc., Beckman Coulter Inc., Praxair Inc., Entergy Corp., Synopsys Inc. Westport Asset Management Q1: Buys BEC, IWM, AEO, ETR, FEIC, LPS, PX, RSG, SNPS, TDC, UHS

May 14, 2010

You may not know Westport Fund, but the fund has beaten S&P500 in 9 out of the last 10 years, all by significant margins. The fund managers like to buy companies with two proven characteristics: low valuation and improving financial fundamentals. This is the Q1 portfolio update. Read more...

Westport Asset Management and their top stocks : PCP, UHS, DV, WSH, BIG

May 30, 2011

Westport Asset Management is an investment management firm located in Westport, Connecticut. Founded in 1983, the firm specializes in investing in small to mid sized capitalization companies. The fund is led by Andrew Knuth and Edmund Nicklin, career security analysts, and both holders of the CFA charter. The Westport Asset Management team primarily utilizes two funds, the Westport Fund (WPFRX), and the Westport Select Cap Fund (WPSRX) in their operations. Read more...

» More Westport Asset Management Articles

Commentaries and Stories

Currently 1.00/5

Rating: 1.0/5 (1 vote)

Westport Funds Quarterly Letter

February 4, 2013

January 22, 2013 More...

Currently 4.00/5

Rating: 4.0/5 (7 votes)

Westport Asset Management Makes Two Sells in Q3 Portfolio Update

November 8, 2012

Currently 2.40/5

Rating: 2.4/5 (10 votes)

Westport Asset Management and their top stocks : PCP, UHS, DV, WSH, BIG

May 30, 2011

Currently 3.46/5

Rating: 3.5/5 (13 votes)

Westport Asset Management Buys MSM, ROST, MA, CHKP, LH, WSH, FST, Sells DV

May 9, 2011

Currently 3.00/5

Rating: 3.0/5 (9 votes)

Westport Asset Management RSG, SGY, LPS, CHKP, Sells KBR, AIR, ELMG, DBD

February 3, 2011

Currently 1.50/5

Rating: 1.5/5 (2 votes)

Westport Asset Top Purchase (QLGS, JDAS, GWW) and Top Sells (ISIL, FOR)

November 21, 2010

Over the course of the past 13 years, Westport Asset Management has made a name for itself in the mid-cap mutual fund arena. According to a report on the firm’s website, one of its fund – Westport Fund, through September 30, 2010, returned 6.86, 10.68, -0.34, 5.02, 6.48, and 9.81% during the past YTD, 1-, 3-, 5-,10-years, and since inception of 12/31/1997. The performance beat its benchmarks (Russell Midcap Index or Lipper Multi-Cap Core Index) by large margins, especially during the long term. More...