Financial Services are the second-most heavily weighted stocks in Ken Heebner (Trades, Portfolio)’s portfolio, so it wasn’t surprising that his largest new buys in the second quarter were in that category. In 1990, Heebner co-founded Capital Growth Management, where his growth-oriented approach produced returns of 1.39%, 37.61% and 14.23% in 2014, 2013 and 2012, respectively.
Heebner bought a 728,000-share stake in Goldman Sachs Group Inc. (NYSE:GS), a New York-based multinational investment banking firm, for an average price of $203.51 per share. The purchase had a 4.35% impact on Heebner’s portfolio and landed Goldman Sachs Group in the sixth spot in Heebner’s 10 most-valuable stakes. Continue Reading »