Ken Heebner

Capital Growth Management LP

Last Update: 2013-05-15

Number of Stocks: 71
Number of New Stocks: 32

Total Value: $4,118 Mil
Q/Q Turnover: 36%

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

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Ken Heebner's Profile & Performance

Profile

Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $6 billion under management.

Web Page:http://www.cgmfunds.com/

Investing Philosophy

Heebner is a growth oriented investor. He has a history of making bold and swift sector calls. Mr. Heebner is fiercely independent, and is not afraid to make large bets based on his convictions.

Total Holding History

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Performance of CGM Focus Fund

Year	Return (%)	S&P500 (%)	Excess Gain (%)
2012	14.23	15.4	-1.2
2011	-26.29	2.08	-28.4
2010	16.94	15.06	1.9
3-Year Cumulative	-1.5 (-0.5%/year)	35.5 (10.7%/year)	-37 (-11.2%/year)
2009	10.42	26.46	-16.0
2008	-48.18	-37	-11.2
5-Year Cumulative	-43.7 (-10.8%/year)	8 (1.5%/year)	-51.7 (-12.3%/year)
2007	79.97	5.61	74.4
2006	14.92	15.79	-0.9
2005	25.29	4.91	20.4
2004	12.41	12	0.4
2003	66.46	28.7	37.8
10-Year Cumulative	173.2 (10.6%/year)	99.7 (7.2%/year)	73.5 (3.4%/year)
2002	-17.79	-22.1	4.3
2001	47.65	-11.9	59.6
2000	53.93	-9.1	63.0
1999	8.45	21	-12.6
1998	3.52	28.6	-25.1
15-Year Cumulative	473 (12.3%/year)	93.8 (4.5%/year)	379.2 (7.8%/year)

Commentaries and Stories

Currently 5.00/5

Rating: 5.0/5 (1 vote)

Legendary Fund Manager Ken Heebner - Interview

April 13, 2013

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: More...

Currently 3.50/5

Rating: 3.5/5 (6 votes)

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

March 29, 2013

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%. More...

Currently 3.50/5

Rating: 3.5/5 (2 votes)

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

March 24, 2013

[b][i]Be sure to check out our detailed stock analysis (click here). More...

Currently 3.29/5

Rating: 3.3/5 (7 votes)

Guru Investors' Top Homebuilder Stocks as Housing Recovery Begins

March 20, 2013

Data from the Department of Commerce released on Tuesday signaled a potential turnaround in the housing market. The department found that the number of building permits in February increased 4.6% from January and 33.8% from February of 2012, to a seasonably adjusted 946,000. Housing starts also increased 0.8% and 27.7% over the same periods to 917,000 – their highest levels since 2008. More...

Currently 5.00/5

Rating: 5.0/5 (1 vote)

Ken Heebner Discusses Stock Market and Attractive Areas for Investment

January 17, 2013

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. More...

KEN HEEBNER, CAPITAL GROWTH MANAGEMENT, VALUE INVESTOR, VALUE INVESTING, INVESTMENT STRATEGY, US ECONOMY, HOUSING

Currently 3.33/5

Rating: 3.3/5 (3 votes)

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

December 28, 2012

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. More...

Currently 2.71/5

Rating: 2.7/5 (14 votes)

Mutual Fund Gurus’ Favorite Stocks in the Third Quarter

November 27, 2012

The choices of the mutual fund gurus were somewhat different from those of guru investors overall in the third quarter, according to GuruFocus’ premium feature, the S&P 500 Grid. The feature allows users to see the top buys, sells and holdings of gurus by a variety of different categories and industries. More...

Currently 2.33/5

Rating: 2.3/5 (6 votes)

Guru Ken Heebner Is Bullish on the US Despite European Turmoil

September 26, 2012

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! More...

Currently 4.33/5

Rating: 4.3/5 (6 votes)

General Motors CEO Daniel Akerson Bought 25,000 Shares

August 9, 2012

Chairman and CEO of General Motors Company (GM) Daniel F. Akerson bought 25,000 shares on 08/08/2012 at an average price of $20.35. The total transaction amount is $508,750. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Company has a market cap of $31.39 billion; its shares were traded at around $20.69 with a P/E ratio of 6.2 and P/S ratio of 0.2. More...

Currently 2.67/5

Rating: 2.7/5 (3 votes)

Another Down Year for Ken Heebner

June 28, 2012

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: More...

Currently 3.30/5

Rating: 3.3/5 (10 votes)

These Are the Highest-Quality Stocks from Ken Heebner

February 16, 2012

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. More...

LONG & SHORT IDEAS, USA, TEXTILE COMPANIES, LONG TERM

Currently 3.00/5

Rating: 3.0/5 (9 votes)

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

January 10, 2012

“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. More...

PCLN, CRL, UAL, AAPL, TIG

Currently 3.43/5

Rating: 3.4/5 (7 votes)

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

December 30, 2011

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: More...

Currently 2.44/5

Rating: 2.4/5 (9 votes)

Please Nominate Guru of the Year 2011

December 7, 2011

The end of 2011 is near. As a tradition, we are inviting the GuruFocus community to nominate the Investment Guru of Year 2011. In the past, GuruFocus users voted Warren Buffett (2005), David Dreman (2006), Ken Heebner (2007), Prem Watsa (2008), Bruce Berkowitz (2009) and David Tepper (2010) to be the Gurus of The Year. More...

Currently 3.33/5

Rating: 3.3/5 (9 votes)

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

September 7, 2011

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%. More...

Currently 2.50/5

Rating: 2.5/5 (8 votes)

Ken Heebner’s CGM Funds Q2 Update: F, CMI, BBBY, HLF, ROST, OXY, C, BIDU

August 12, 2011

Ken Heebner of CGM Focus fund reported his second quarter portfolio. He made his fame in 2007 by shorting financials. His fund has since slumped. His fund is losing close to 20% so far this year. These are the details of buys and sells. More...

Currently 2.30/5

Rating: 2.3/5 (10 votes)

Weekly CEO Buys Highlight: MS, KMI, TUP, CDNS, HCC

August 6, 2011

Last week’s top stocks that were bought by their CEOs were MS, KMI, TUP, CDNS, HCC. According to GuruFocus Insider Data, these are the largest CEO buys during the past week. More...

Currently 2.00/5

Rating: 2.0/5 (10 votes)

Do These Stocks Fly: AMR, DAL, UAL, LCC, LUV, BRK.A?

June 29, 2011

“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.” More...

DAVID TEPPER, KEN HEEBNER

Currently 4.16/5

Rating: 4.2/5 (19 votes)

10-Year Performance Review of Bruce Berkowitz, Ken Heebner and Bill Miller

June 15, 2011

ken heebner, bill miller, bruce berkowitz, morning star, worst performing mutual funds, value trust, legg mason value trust, CGM Focus Fund, average annualized return

Currently 3.33/5

Rating: 3.3/5 (6 votes)

Ken Heebner Bullish on US Stock Market; Top Stock Purchases: FCX, PCLN, LUV, BWA, TCK

December 14, 2010

Kenneth Heebner of Capital Growth Management and Robert Doll of BlackRock share their reactions to the Federal Reserve's economic assessment and its decision to leave rates unchanged. More...