The best performing industry sector for the Westport Fund in this period was Oil & Gas Producers, which included three exploration and production companies. This sector provided 261 basis points to the portfolio return compared to the 105 basis points from the Energy holdings in the Russell Midcap® Index. The domestic oriented company, EOG Resources, Inc. (EOG), returned 39% in the first half of 2014 and was the primary driver of the sector’s performance, contributing 157 basis points.
From Westport Asset Management (Trades, Portfolio)’s Westport Fund Second Quarter 2014 Commentary.
