Ken Heebner

Ken Heebner

Last Update: 2014-11-13

Number of Stocks: 56
Number of New Stocks: 20

Total Value: $3,551 Mil
Q/Q Turnover: 32%

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

Ken Heebner Watch

  • 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.

      


  • Ken Heebner's Fund Q2 Commentary

    CGM Mutual Fund increased 4.2% during the second quarter of 2014 compared to a return of 5.2% for the unmanaged Standard and Poor’s 500 Index and 2.2% for the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index. For the first six months of the year, CGM Mutual Fund returned 1.1%, the unmanaged Standard and Poor’s 500 Index, 7.1% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index, 4.2%. 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.

      


  • Why Wyndham Is Certainly a Winning Investment

    That the tourism industry, and especially the lodging, vacation rental and time-share segments, are subject to the national and global economy’s cyclicality is nothing new. However, surviving the dramatic effects of a recession is difficult, and thriving afterwards even more so. But Wyndham Worldwide Corporation (WYN) has been one of the most successful industry players in this regard, having returned from a 12% revenue decline in 2009 to a current impressive 21.2% growth rate. While fourth quarter 2013 showed impressive financial results for the company, sporting quarterly revenue of $1.20 billion, and 9% EBITDA increase, many investment gurus like Ken Heebner (Trades, Portfolio) and Steve Mandel (Trades, Portfolio) rushed to buy shares. So, let’s see if this investment will bring profits or losses.


    A Profitable Three-Legged Business Model

      


  • Ken Heebner's CGM Mutual Fund 2013 Annual Commentary

    CGM Mutual Fund increased 8.1% during the fourth quarter of 2013 compared to the Standard and Poor's 500 Index which grew 10.5% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index which declined -0.2% over the same period. For the twelve months ended December 31, 2013, CGM Mutual Fund increased 21.0%, the S&P 500 Index returned 32.4% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index fell -2.3%.


    The Year in Review and Economic Outlook

      


  • Watch Out: Wynn Resorts Is in It for the Long Haul

    As the U.S. gambling industry has grown over the past few decades, and the market has become somewhat saturated, many casino operators have diversified their business models, focusing more energy and resources in Asian markets like Singapore or Macao, China. Wynn Resorts Ltd. (WYNN) is one of the companies that has successfully installed its high-quality casino and resort brand in China, while still gaining revenue growth in the Las Vegas Strip. Maybe that’s why investment gurus Ken Heebner (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) recently bought over 150,000 company shares each.


    Expansion in the VIP market

      


  • TRW Continues to Shine in the Auto Parts Industry

    TRW Automotive Holdings Corp (TRW) is global supplier of automotive systems, modules and components to OEMs, and has grown into one of the most powerful players in the industry. Unlike most industry rivals, however, the firm has the ability to generate top- and bottom-line growth in unfavorable market situations, thanks to its ample portfolio. Hence, even when OEM’s aren’t selling big, TRW still manages to get enough business to stay afloat. And, thanks to revamped production levels in the U.S. and China, the company’s innovative technologies are more sought after than ever.


    Growing with the current

      


  • Guru Ken Heebner on Favorite Investments - Auto and Housing



  • Ken Heebner's CGM Mutual Fund Semi-Annual Letter

    CGM Mutual Fund returned -1.5% during the second quarter of 2013 compared to a return of 2.9% for the unmanaged Standard and Poor's 500 Index and -2.5% for the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index. For the first six months of the year, CGM Mutual Fund returned 8.6%, the unmanaged Standard and Poor's 500 Index, 13.8% and the Bank of America Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index, -2.6%.  


  • Ken Heebner Thinks the Pullback in Homebuilding Stocks Is a Buying Opportunity

    Ken Heebner thinks there will be a number of years of growth ahead for the economy.

    He actually thinks the rate of economic growth will accelerate and get to four or five percent a couple of years out.  


  • Legendary Fund Manager Ken Heebner - Interview

    Legendary portfolio manager Ken Heebner is known for his big bets and rapid trading at The CGM Funds. This week he describes his contrarian views on the U.S. economy and stocks, particularly housing and banking, and why he thinks bonds are so dangerous, on this week’s Consuelo Mack WealthTrack:



  • Ken Heebner's 2012 Annual Letter, Beats S&P

    CGM Mutual Fund increased 3.9% during the fourth quarter of 2012 compared to the Standard and Poor's 500 Index which declined -0.4% and the Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index which returned 0.2% over the same period. For the twelve months ended December 31, 2012, CGM Mutual Fund increased 16.8%, the S&P 500 Index returned 16.0% and the Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index increased 4.4%.

    The Year in Review and Economic Outlook  


  • Growth Hedge Fund Shakeups: Ford (F), Delta (DAL) And More

    Be sure to check out our detailed stock analysis (click here).

    Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $6 billion under management. The hedge fund is growth-oriented and founded by Heebner in 1990. Capital Growth on average has a 17.2% return rate against the 12.8% of index, and of late the fund has been been making bets on the airlines.  


  • Ken Heebner Discusses Stock Market and Attractive Areas for Investment

    Well-known investor and hedge fund manager Kenneth Heebner of Capital Growth management was on CNBC to discuss his views on the overall market and factors that will drive the market going forward.

    -- Housing is coming back and that is driving consumer confidence.  


  • Ken Heebner - We Are Just at the Beginning of a Long Growth Cycle

    Do you ever wonder what CNBC would be talking about all day if they didn't have the fiscal cliff? Because you can be sure they would be trying to create some drama around one subject or another.

    If there was no fiscal cliff I would guess the focus would be back on Europe which was supposed to cause the end of the world about this time last year. Or maybe they would be focusing on high oil prices and tension in the Middle East.  


  • Guru Ken Heebner Is Bullish on the US Despite European Turmoil

    Apparently there was protest in Spain today, so Kudlow wanted to check in with Ken Heebner to see if he sold all of his holdings as a result. Amazingly he hadn’t!

    Heebner’s comments include:  


  • Another Down Year for Ken Heebner

    Ken Heebner was a top guru who has had several disappointing years (a quarterly letter from last year is available here). The latest on him from Bloomberg:

    Kenneth Heebner ranked as America’s No. 1 stock picker before losing his touch and most of his main fund’s assets. The 71-year-old manager, at the bottom of his peer group for the fourth year in five, hasn’t lost his swagger.  


  • These Are the Highest-Quality Stocks from Ken Heebner

    Capital Growth Management is the money management firm set up by Ken Heebner in 1990. The firm is based in Boston and is engaged in providing services to charitable organizations, pension and profit sharing plans, investment companies and high net worth individuals. In addition, the firm is a public equity market investor in the U.S.

    Before co-founding Capital Management, Mr. Heebner worked for A & H Kroeger as senior economist, Scudder and Stevens & Clark as vce president and mutual funds manager. Mr. Heebner is also a chairman of CGM Capital Development Fund, CGM Advisor Targeted Equity Fund, CGM Mutual Fund and CGM Realty Fund.  


  • Ken Heebner Top Holdings: AAPL Is a Buy at $380

    “Obviously, this is one with risk, but the potential is huge.” Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $6 billion under management.

    Heebner strategy involves growth. He is characterized for being independent and is not at all afraid of making large bets based on his convictions. What he usually does is to invest in companies within areas that have favorable macro trends.  


  • Ken Heebner and Dick Bove Both Think Banks Will Rally in 2012

    Banks still suffering from general investor leeriness after 2008 despite promising economic data. People might drop more gold as they feel more optimistic about equities. Heebner likes retailers and financials and sees a broad-based recovery:

      


  • Ken Heebner's CGM Mutual Fund Down 5.2%, 2Q Investor Letter

    CGM Mutual Fund declined -5.2% during the second quarter of 2011 compared to the Standard and Poor’s 500 Index which grew 0.1% and the Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index which increased 2.3%. For the first six months of the year, CGM Mutual Fund decreased -6.3%, the S&P 500 increased 6.0% and the Merrill Lynch U.S. Corporate, Government and Mortgage Bond Index grew 2.7%.

    The second quarter of 2011 unfolded much like the first quarter when the Gross Domestic Product increased only 1.9%. Though the sluggish housing sector and relatively high unemployment numbers have hindered the economic recovery since it began, just one year earlier, first quarter GDP growth was a much higher 3.1%. The Conference Board’s Consumer Confidence Index dipped to 58.5 in June from a revised 61.7 in May, making June’s the lowest level thus far this year. Also, the current 9.1% unemployment rate is unusually high given the economic recovery has been underway for two years.  


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