Ken Heebner

Ken Heebner

Last Update: 02-13-2015

Number of Stocks: 59
Number of New Stocks: 22

Total Value: $3,631 Mil
Q/Q Turnover: 29%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ken Heebner Watch

  • Analyzing Ken Heebner's New Buys

    Ken Heebner (Trades, Portfolio) is a growth oriented investor who co-founded Capital Growth Management, a money management firm with more than $6 billion under management. Recently, he initiated a long position in United Parcel Service (UPS) by buying 150,000 shares of the company. The following chart shows his holding history in the company.


  • Citi Adds General Motors to its Focus List

    Citigroup recently added General Motors (GM) to its focus list and reiterated its buy rating on the company. According to analysts, investors are missing some important catalysts that can likely help General Motors' stock price. In particular, he talked about margin expansion potential from 2016 and 2017 product cycles, accelerated European sales recovery, exit from loss making Russian operations and tailwinds from lower raw material prices.

    The company has seen positive commentaries from other analyst as well. Last week, Sterne, Agee & Leach analysts Michael Ward and Ali Faghri reiterated their Buy rating and a $50 price target on the stock citing the Canadian government plans to sell its remaining stake in the company. RBC Capital Markets analyst Joseph Spak also released a positive earnings preview on the company citing positive North American price and mix, and a lower than expected European loss.


  • Weekly CEO Buys Highlight: PHII, RHP, OPK, VNR, LUB

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

    PHI Inc (PHII): CEO and 10% Owner Alton Anthony Gonsoulin Jr bought 57,632 shares


  • Why General Motors is a good buy at current levels

    General Motors (GM) has seen a lot of positive analysts commentary after announcing $5 billion share repurchase program earlier this month. Citigroup’s analyst Itay Michaeli believes that the stock has more catalysts going forward. In his latest report, he commented,


  • Weekly 3-Year Low Highlights: IBM, ABEV, ITUB, OXY

    According to GuruFocus list of 3-year lows, International Business Machines Corp, Ambev SA, Itau Unibanco Holding SA and Occidental Petroleum Corp have all reached their 3-year lows.

    International Business Machines Corp (IBM) Reached $157.08


  • Undervalued Stocks in Howard Marks' Portfolio

    Howard Marks (Trades, Portfolio) is the chairman of Oaktree Capital Management LP. Since the formation of Oaktree in 1995, Marks has been responsible for ensuring the firm's adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm.

    Web Page:


  • Ken Heebner's CGM Mutual Fund 2014 Annual Letter

    CGM Mutual Fund increased 5.6% during the fourth quarter of 2014 compared to the Standard and Poor’s 500 Index which grew 4.9% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index which returned 1.9% over the same period. For the twelve months ended December 31, 2014, CGM Mutual Fund increased 5.3%, the S&P 500 Index returned 13.7% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index rose 6.4%.

    The Year in Review and Economic Outlook


  • Why Buffett, Soros and Other Hedge Fund Titans are Buying General Motors

    General Motors' (GM) stock is seeing significant interest from fund managers off late. Last quarter, two of the Wall Street's savviest investors, Warren Buffett (Trades, Portfolio) and George Soros (Trades, Portfolio) increased their stake in the company. Warren Buffett (Trades, Portfolio) now holds 41 mn shares of the company while George Soros (Trades, Portfolio) holds ~3.86 mn shares and more than 1 mn call options. Other notable investors who bought shares of the company last quarter includes Ken Heebner (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and T Boone Pickens.

    The company's business is improving and it has now been profitable for 20 consecutive quarters. Last quarter, GM's business delivered strong core operating performance with almost all key operating metrics including global deliveries, net income and adjusted EBIT improving. The company's adjusted EBIT was $2.4 billion for the fourth quarter, a $500 mn improvement over the prior year. Adjusted EBIT margin was 6.10%, up 140 basis points from the fourth quarter of 2013. Net income to common shareholders was $1.1 billion, up $200 mn compared to prior year period and earnings per share improved to $0.66 versus $0.57 of prior year.


  • Marriott´s Growth Strategy to Focus on Regions Outside the U.S.

    In this article, let's take a look at Marriott International, Inc. (MAR), a $21.79 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries.

    International Presence


  • Weekly 3-Year Low Highlights: RDS.B, GSK, WPZ, CLR

    According to GuruFocus list of 3-year lows; Royal Dutch Shell PLC, GlaxoSmithKline PLC, Williams Partners LP, and Continental Resources Inc have all reached their 3-year lows.

    Royal Dutch Shell PLC (RDS.B) Reached $63.77


  • Investor Returns (or Lessons from Elk in Rut)

    The recent departure of Bill Gross from PIMCO had us thinking about the strengths and weaknesses of a portfolio manager who takes highly publicized positions and is perceived as a thought leader. How do investors react to funds and managers who outperform the markets with bold and sweeping investment styles? The answer in general is quite badly.

    Nothing gets the investors' juices flowing like a massive outperformance versus the general markets. Like an elk in late autumn, both individual and institutional investors charge through the proverbial forest brush to lay their hands (or other members as the case may be) on this shiny new object of their affection/need.


  • Investment Journal Review, 2014

    At times in the past, I’ve discussed my thoughts on using an investment journal; I’m convinced that this is an indispensable tool. Why do I believe this? Simply put, I think it’s too damn easy to trick yourself otherwise. Keeping an investment journal keeps you honest: you can’t change your previous beliefs (or what you’re brain has now convinced you was your original thinking as you soak up new evidence / biases over time) when you periodically track your thoughts in a journal.

    A little over a year ago, I shared some of my earlier journal entries with Gurufocus readers; I thought this would be an interesting exercise for another article – to reconsider some old posts, and some I had previously not discussed (along with one new one). Let’s jump right in:


  • Avago's CAGR Growth Makes Me Feel Bullish

    In this article, let's take a look at Avago Technologies Ltd (AVGO), a $26.07 billion market cap company, which focuses on designing and developing radio frequency devices for wireless communications applications.

    Low cost


  • Weekly Guru Bargains Highlights: MT, FCX, CLR, BSBR, APA

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    ArcelorMittal SA (MT): Down 22% since Jim Simons (Trades, Portfolio) bought in the quarter ended on 2014-06-30


  • Alcoa Reported Significant EPS Improvement

    Alcoa Inc. (AA), a $19.24 billion market cap company, is one of the world's largest producers of aluminum.

    Aerospace and Auto Industry


  • Alcoa's Growth Drivers Justified Almost Doubling in a Year

    In this article, let's take a look at Alcoa Inc. (AA), a $20 billion market cap, which is one of the world's largest producers of primary aluminum as well as one of the world's largest suppliers of alumina, an intermediate raw material used to make aluminum products for a variety of end markets.

    Cost curve and joint venture


  • Ford Continues to be Attractive

    In this article, let's take a look at Ford Motor Co. (F), the second-largest U.S. producer of cars and trucks, which is immersed in a highly cyclical industry. Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands.

    Economies of scale


  • Reasons to Consider Marriott in Your Portfolio

    In this article, let's take a look at Marriott International, Inc. (MAR), a $17.93 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries.

    Business model


  • A Good Stock to Buy: Micron Technologies

    In this article, let's take a look at Micron Technology, Inc (MU), a $31.74 billion market cap company, which is a manufacturer of semiconductor memory products, including DRAM and NAND flash memory, as well as image sensors.

    Manufacturing technology


  • Ken Heebner's CGM Focus Fund Q2 2014 Update

    CGM Focus Fund increased 2.0% during the second quarter of 2014 compared to a return of 5.2% for the unmanaged Standard and Poor’s 500 Index over the same period. For the first six months of the year, CGM Focus Fund returned -0.3% and the unmanaged Standard and Poor’s 500 Index, 7.1%. In late June, the Bureau of Economic Analysis released a revised estimate for first quarter 2014 gross domestic product which indicated negative growth of 2.9%. Severe winter weather in much of the country was at least partially to blame, along with a late-falling Easter holiday though some pundits and media outlets were quick to predict a return to recession. However, data for the second quarter of 2014—specifically in housing and auto sales—suggests a rebound in economic growth.

    In fact, with the arrival of milder weather as early as March, the economy began to pick up. The Institute of Supply Management’s manufacturing index rose to 53.7 from 53.2 in February, and March employment numbers clocked in at a respectable 192,000 jobs added. Inflation remained relatively benign with the Consumer Price Index rising a slight 0.2% in March and 0.3% in April. On the first Friday in May, April employment numbers were released with 288,000 jobs reportedly added. The following month, May new job numbers were made public and the addition of 217,000 new hires, in our view, effectively dismissed many of the winter fears of a returning recession.


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