Free 7-day Trial
All Articles and Columns »

Money Flows in and out from Gurus’ Portfolios, New Feature Announcement

May 04, 2010 | About:

GuruFocus is glad to announce that you can now see the historical equity portfolio size of the gurus. From this you can see the trend of the inflows and outflows of the funds in Gurus’ portfolios.

Please note that the values in the charts covers only the equity part of the gurus’ portfolios, therefore, they do not include bonds, cash, or money market funds.

Here we like to highlight some of the gurus with the most growth and declines of their equity portfolios. Also please note that not all the changes are caused by fund inflows or outflows.

Growing Assets Under Management:



Bruce Berkowitz's Portfolio Fairholme Capital Management:

“Build it and it will come.” Underperformed only one year, and more than doubled his shareholders money in the past 10 years, the size of Bruce Berkowitz’s fund gained more than 20 times in the past 10 years. He was named the Investment Guru of the Year 2009 by GuruFocus users.

Performance of Fairholme Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 39.01 26.5 12.5
2008 -29.7 -37 7.3
2007 12.35 5.61 6.7
2006 16.71 15.79 0.9
2005 13.74 4.91 8.8
2004 24.93 12 12.9
2003 23.96 28.7 -4.7
2002 -1.58 -22.1 20.5
2001 6.18 -11.9 18.1
2000 46.54 -9.1 55.6




David Einhorn’s Greenlight Capital



Shorted the financials in 2007 and 2008, make money for his clients and his company Greenlight Re, his asset under management grew more than 10 times.

Performance of Greenlight Re

Year Return (%) S&P500 (%) Excess Gain (%)
2009 32.1 26.5 5.6
2008 -17.6 -37 19.4
2007 5.9 5.61 0.3
2006 24.4 15.79 8.6
2005 14.2 4.91 9.3
2004 5.2 12 -6.8




Diamond Hill Capital Management Inc.



This is a publicly traded company (NASDAQ: DHIL). Their Small Cap Fund delivered some solid performances.

Performance of Small Cap Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 28.92 26.5 2.4
2008 -25.99 -37 11.0
2007 -3.79 5.61 -9.4
2006 7.03 15.79 -8.8
2005 12.9 4.91 8.0
2004 29.26 12 17.3
2003 50.18 28.7 21.5
2002 -8.23 -22.1 13.9
2001 25.46 -11.9 37.4




Donald Yacktman's Portfolio Yacktman Asset Management Co.



Made money for shareholders from 2008 to 2009. the best performer among all our gurus in the two years. It seems that the market just realized this, the firm’s asset under management gained more than 5 times in the past 12 months.

Performance of The Yacktman Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 59.31 26.5 32.8
2008 -26.05 -37 11.0
2007 3.39 5.61 -2.2
2006 15.95 15.79 0.2
2005 -1.3 4.91 -6.2
2004 9.93 12 -2.1
2003 33.03 28.7 4.3
2002 11.41 -22.1 33.5
2001 19.47 -11.9 31.4
2000 13.46 -9.1 22.6
1999 -16.9 21 -37.9




John Paulson's Portfolio Paulson & Co.

Star hedge fund manager, engaged in risk arbitrages and achieved good returns. Became famous for shorting financials and get back in at the bottom.



John Keeley's Portfolio Keeley Fund Management:

Flagship fund Keeley Small Cap Fund did well in the past 10 years.

Performance of Small Cap Value Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 21.67 26.5 -4.8
2008 -40.18 -37 -3.2
2007 7.17 5.61 1.6
2006 19.55 15.79 3.8
2005 16.12 4.91 11.2
2004 32.94 12 20.9
2003 39.31 28.7 10.6
2002 -8.47 -22.1 13.6
2001 13.65 -11.9 25.5
2000 12.87 -9.1 22.0
1999 6.17 21 -14.8




John Hussman's Portfolio Hussman Economtrics Advisors, Inc.



Hedged his portfolio and limited the loss in 2008, but also limited the gain in 2009. Good performances if looked in full market cycles.

Year Return (%) S&P500 (%) Excess Gain (%)
2009 4.63 26.5 -21.9
2008 -9.02 -37 28.0
2007 4.16 5.61 -1.5
2006 3.51 15.79 -12.3
2005 5.71 4.91 0.8
2004 5.16 12 -6.8
2003 21.08 28.7 -7.6
2002 14.02 -22.1 36.1
2001 14.67 -11.9 26.6
2000 16.4 -9.1 25.5




Declining Assets Under Management:



Bill Nygren's Portfolio Oakmark Fund



Not bad performance in long term, lost money with once largest holding, Washington Mutual. Maybe that is why he is losing asset.

Performance of Oakmark Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 44.77 26.5 18.3
2008 -32.61 -37 4.4
2007 -3.64 5.61 -9.3
2006 18.26 15.79 2.5
2005 -1.31 4.91 -6.2
2004 11.73 12 -0.3
2003 25.3 28.7 -3.4
2002 -14.41 -22.1 7.7
2001 18.29 -11.9 30.2
2000 11.78 -9.1 20.9
1999 -10.47 21 -31.5




Daniel Loeb's Portfolio Third Point, LLC:

Not sure the reason the asset size declined.



John Rogers's Portfolio ARIEL CAPITAL MANAGEMENT LLC



Underperformed the market in 4 of the last 5 years. Lost money with the newspaper investment and financials.

Performance of Ariel Fund

Year Return (%) S&P500 (%) Excess Gain (%)
2009 63.42 26.5 36.9
2008 -48.25 -37 -11.2
2007 -1.7 5.61 -7.3
2006 10.35 15.79 -5.4
2005 0.93 4.91 -4.0
2004 21.97 12 10.0
2003 28.04 28.7 -0.7
2002 -5.18 -22.1 16.9
2001 14.21 -11.9 26.1
2000 28.76 -9.1 37.9
1999 -5.76 21 -26.8




Private Capital's Portfolio Private Capital Management:

After achieving 20% a year for 20 years, the firm was sold to Legg Mason at the peak of its asset under management. The firm’s former CEO Bruce Sherman retired after losing money in 2007 and 2008.



Richard Perry's Portfolio Perry Capital:

Perry Capital had only one down year before 2008. But the size of the equity portfolio declined. Richard Perry moved asset out of stocks?




Rating: 3.0/5 (3 votes)

Comments

superguru
Superguru - 3 years ago
how does knowing this help us?
gurufocus
Gurufocus premium member - 3 years ago
You will be able to check the holding history of a stock by a particular guru. This is part of that work.
superguru
Superguru - 3 years ago
How can I know - if investors pulled out or put in money from/to these gurus, or these gurus moved money into different asset classes or cash, or change is because of rise or fall of values of their stocks?

valuefan
Valuefan premium member - 3 years ago
I would rather see a % equity.
gurufocus
Gurufocus premium member - 3 years ago


How can I know - if investors pulled out or put in money from/to these gurus, or these gurus moved money into different asset classes or cash, or change is because of rise or fall of values of their stocks?

We do not know unless it is a mutual fund.

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide