Ken Heebner (Trades, Portfolio)’s high-turnover Capital Growth Management bought 21 new stocks in the fourth quarter, it reported this week.
CGM’s style is flexible and opportunistic. They first go by macroeconomic factors, and then select industries and companies based on fundamentals. While pursuing long-term growth of capital, the advisor also weaves in and out of holdings based on vagaries of the market, economy or companies.
Heebner has thee funds: CFM Focus Fund (CGMFX, Financial), CGM Mutual Fund (LOMMX, Financial) and CGM Realty Fund (CGMRX, Financial). Among all of them, the biggest stock positions added during the fourth quarter were: Thor Industries Inc. (THO, Financial), United Continental Holdings Inc. (UAL, Financial), United Rentals Inc. (URI, Financial), Toll Brothers (TOL, Financial) and KLA-Tencor Corp. (KLAC, Financial).
Thor Industries Inc. (THO, Financial)
CGM purchased 700,000 shares of Thor Industries, which had an average share price for the quarter of $90. The stock closed Friday at $109 per share.
United Continental Holdings Inc. (UAL, Financial)
CGM bought 695,000 shares of United Continental Holdings, which had an average share price for the quarter of $64. The stock closed Friday at $73.
United Rentals Inc. (URI, Financial)
CGM bought 440,000 shares of United Rentals, which had an average share price for the quarter of $91. The stock closed Friday at $127.
Toll Brothers (TOL, Financial)
CGM bought 1.4 million shares of Toll Brothers, which had an average share price for the quarter of $30. The stock closed Friday at $32.
KLA-Tencor Corp. (KLAC, Financial)
CGM bought 520,000 shares of KLA-Tencor, which had an average share price for the quarter of $76. The stock closed Friday at $87.
See Ken Heebner (Trades, Portfolio)’s CGM funds portfolio here. Follow the author on Twitter.
