John Keeley

John Keeley

Last Update: 05-15-2015

Number of Stocks: 354
Number of New Stocks: 23

Total Value: $4,912 Mil
Q/Q Turnover: 7%

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

John Keeley Watch

  • Five Most Widely Held Small-Caps Among the Gurus

    While small-cap stocks can certainly be more volatile and risky than investing in larger or blue chip companies, there are several advantages to investing in small-caps. These companies have more room for growth than industry stalwarts, and many mutual funds don’t invest in them due to heavy SEC regulations.


    But perhaps the most important advantage is the lack of analyst coverage, which means small caps are more likely to be improperly priced.

      


  • KEELEY Mid Cap Value Fund First Quarter 2015 Commentary

    KEELEY Mid Cap Value Fund (KMCVX - KMCIX)


    In the first quarter of 2015, the KEELEY Mid Cap Value Fund (KMCVX) climbed 2.74 percent compared to a 2.42 percent increase for the Russell Midcap Value Index. Over the six month period ended March 31, 2015, the Fund rose 3.60 percent compared to an 8.62 percent increase for the Russell Midcap Value Index.

      


  • KEELEY All Cap Value Fund First Quarter 2015 Commentary

    KEELEY All Cap Value Fund (KACVX - KACIX)


    In the first quarter of 2015, the KEELEY All Cap Value Fund (KACVX) climbed 1.79 percent compared to a 0.51 percent decline for the Russell 3000 Value Index. Over the six month period ended March 31, 2015, the Fund rose 2.75 percent compared to a 4.77 percent increase for the Russell 3000 Value Index.

      


  • Keeley Fund's Semiannual Letter To Shareholders

    John Keeley (Trades, Portfolio) of Keeley Fund has released his fund's semiannual report to shareholders. The fund disclosed that it added a new position in Media Group (NYSE:MEG).


    Semiannual letter

      


  • John Keeley's Semi-Annual Letter to Shareholders 2015

    Dear Fellow Shareholders,


    The environment for the first half of the Funds’ fiscal year was eerily similar to last year, with the performance of the past two quarters being driven by different forces. The fourth quarter of 2014 started with a continuation of the concerns that pulled the market down in September – a weakening Europe, declining economic growth out of China, the threat of an Ebola virus outbreak that would further hinder any growth worldwide, and uncertainty about the timing of the first Federal Reserve (Fed) rate hike. However, all was forgiven by the end of October, as the world received its Z-pack. Draghi initiated Quantitative Easing (QE), the Chinese government began to ease, and the Fed clarified their statement on possible rate hikes, pushing the timing on such action out to mid-2015. The 10-Year Treasury yield dropped from 2.50% on September 30, 2014 to 2.19% by the end of the year, and the macro-driven, risk-on trade was back, as evidenced by the outperformance of small cap stocks in the fourth quarter of 2014. Further, the U.S. dollar strengthened as the U.S. was the best house on a bad block offering some of the highest yields. Investors seemed to prefer more domestically exposed companies (primarily small caps) in order to limit their currency risk. The only sector to dramatically underperform in the quarter was Energy, which was driven by the Thanksgiving Day Saudi decision not to cut back on its oil production. This ultimately sent oil prices down sharply.

      


  • General Electric Plans to Eliminate its Financial Division

    In this article, let's take a look at General Electric Company (NYSE:GE), a $275.17 billion market cap company, which sells products ranging from jet engines and gas turbines to consumer appliances, railroad locomotives and medical equipment.


    $12 Billion Deal

      


  • Weekly CEO Buys Highlight: WST, PHII, CLMS, CSBK, AMRC

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


    West Pharmaceutical Services Inc (NYSE:WST): CEO Eric Mark Green Bought 18,300 Shares

      


  • KEELEY Small Cap Value Fund Comments on Exelis Inc

    The Fund’s top position during the quarter was Exelis Inc. (XLS), a former spin-off of ITT Corp. (ITT), and Exelis also recently spun-off a division of their own in Vectrus Inc. (VEC). During the quarter the stock rose over 37 percent and added 46 basis points of performance to the Fund. Shares of the defense contractor jumped sharply in February after they agreed to be acquired by rival Harris Corp. (HRS) in a deal valued at $4.75 billion. While we believe there may be good synergies between the two companies, valuations became high enough that we exited the position soon after the announcement.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  


  • KEELEY Small Cap Value Fund Comments on Intrawest Resorts Holdings Inc

    The second largest detractor during the quarter was Intrawest Resorts Holdings Inc. (SNOW) which fell over 26 percent and cost the Fund 24 basis points in performance. Shares of the leading mountain resort and adventure company were negatively impacted by the rise of the U.S. dollar, since almost half of their revenue is generated in Canada. Despite the revised guidance due to the currency impact, we believe the long-term fundamentals remain intact.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  


  • KEELEY Small Cap Value Fund Comments on Helix Energy Solutions Group Inc

    Although energy stocks did not have a material impact on our results during the quarter, Helix Energy Solutions (HLX) was the Fund’s leading detractor after falling over 37 percent and detracting 38 basis points of return from the Fund. Despite having exposure to longer-term, offshore energy projects, Helix was not immune to price pressure given the dramatic weakness in the price of oil. With continued uncertainty around the price of the commodity, coupled with the fact that Helix and other service providers may be more vulnerable to an extended decline, we decided to exit the position during the quarter.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  


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