Ken Heebner

Ken Heebner

Last Update: 2014-08-13

Number of Stocks: 68
Number of New Stocks: 27

Total Value: $3,767 Mil
Q/Q Turnover: 36%

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

Ken Heebner' s Profile & Performance


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

Web Page:

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

Performance of CGM Focus Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
3-Year Cumulative15.9 (5%/year)55 (15.7%/year)-39.1 (-10.7%/year)
5-Year Cumulative49.6 (8.4%/year)125.5 (17.7%/year)-75.9 (-9.3%/year)
10-Year Cumulative125.8 (8.5%/year)104.1 (7.4%/year)21.7 (1.1%/year)
15-Year Cumulative661.7 (14.5%/year)98.3 (4.7%/year)563.4 (9.8%/year)

Top Ranked Articles

Ken Heebner and His Portfolio: Petroleo Brasileiro, Schlumberger, Freeport-McMoRan, Peabody Energy and CONSOL Energy Inc.
What can we learn from Ken Heebner, the Investment Guru of 2007? Over the past 10 years his fund has averaged more than 25% a year, while the S&P500 just delivered 4%. With this article we like to review Ken Heebner’s investment strategy and his latest investment trend. Read more...
Ken Heebner Buys Hess Corp., MEMC Electronic Materials Inc., Transocean Inc., Sells BHP Billiton Ltd., Toyota Motor Corp., Cisco Systems Inc.
Ken Heebner's CGM Focus Fund gained some 80% in 2007. He was named Invesetment Guru of Year 2007 by our readers. He looks for opportunities wherever he can find them and then pursues them aggressively, quickly diving in and out of stocks of all sorts. He sold short financial stocks due this year’s mortgage crisis, which helped him gain while others lost. This is his buys and sells during the fourth quarter. Read more...
Ken Heebner Buys Alcoa Inc., Southern Copper Corp., General Growth Properties Inc, Sells Apple Inc., Johnson & Johnson, Hess Corp.
Ken Heebner was voted as the Investment Guru of year 2007 by our users last year, his fund gained more than 80% while a lot of value investors were hurt by the credit crisis. Heebner tends to have higher turnovers. He likes South America now. These are his buys and sells during the first quarter of 2008. Read more...
Investment Guru of the Year 2007: Ken Heebner
We are very glad to announce that Ken Heebner has been named Investment Guru of the Year 2007 by GuruFocus readers. Read more...
10-Year Performance Review of Bruce Berkowitz, Ken Heebner and Bill Miller
Famous investors Bruce Berkowitz, Ken Heebner and Bill Miller have now each ascended to the top of the rankings at one point, and dropped to the bottom thereafter. According to Morningstar, their three funds are the poorest performers among large diversified U.S. mutual funds through June 9, down 11 to 12 percent, compared to the S&P 500 Index gain of 3.4 percent. Read more...
» More Ken Heebner Articles

Commentaries and Stories

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Top Three Reasons to Invest in Walt Disney
In this article, let's take a look at The Walt Disney Company (DIS), a $150.37 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products. More...

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Rating: 3.8/5 (5 votes)

Visa Is a Buy According to Dividends Discount Model Bill Nygren,Ken Heebner - Visa Is A Buy According To Dividends Discount Model
Visa Inc. (V) is the world's largest retail electronic payments network and leading payments brand, providing services to consumers, businesses and governments globally. Its P/E ratio indicates that the stock is relatively overvalued (26.7 vs 12.4 of industry mean). So now let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. More...


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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 More...


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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%. More...

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Rating: 4.4/5 (5 votes)

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. More...


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Rating: 4.0/5 (4 votes)

TRW Continues to Shine in the Auto Parts Industry Ken Heebner - 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. More...


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Groups of Gurus Hold Stocks on the Low
According the GuruFocus Value Screen for finding 52-Week Lows, Equity Residential (EQR), PG&E Corp (PCG) and BRF SA (BRFS) are guru-owned stocks traded at or near a 52-week low. Here are the company updates and recent trading highlights from top guru stakeholders. More...


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Weekly CEO Buys Highlight: CLR, CLMS, OPK, PACB, GAIN
According to GuruFocus Insider Data , these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Guru Ken Heebner on Favorite Investments - Auto and Housing
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Rating: 4.1/5 (13 votes)

A 'Green Alternative': The Leaders in Hydrogen Fuel Cell Technology
The automobile industry is comprised of companies that design, manufacture, engineer, assemble and market automobiles and motorcycles. It is expected higher demand in emerging markets such as China, so with this positive outlook let's take a look at two companies in this highly cyclical industry. More...


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Rating: 2.8/5 (6 votes)

‘Biggest Losers’ Update – WPO, OI, HST
Over 12 months, Washington Post Company (WPO) is up 71%, Owens-Illinois Inc. (OI) is up 49% and Host Hotels & Resorts Inc. (HST) is up 14% but all three companies are among the ‘Biggest Losers’ in the S&P 500. More...


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Rating: 4.1/5 (13 votes)

Ready, Steady, Go! The Race Between Japanese and American Car Manufacturers
The auto industry is cyclical, which means that in bad times even the best companies cannot avoid declines in revenues. Two years ago, the earthquake in Japan disrupted production at automakers based in that country as well as their operations abroad. Today, a weak dollar and/or a slowly recovering in global demand for light vehicles could create a difficult environment for these companies. More...


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Entertaining Profits: Recreational Vehicles
When the 2008 recession hit, recreational vehicles turned into an unnecessary luxury good. A recovering economy, however, gives the industry a second chance to continue growing. Here, two recreational vehicle manufacturers where guru Steven Cohen has been active will be analyzed in order to find a suitable stock for a long-term investment. The companies in case are: Harley Davidson (HOG) and Polaris Industries (PII). More...


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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%. Much like the first three months of the year, the second quarter served up a mixture of good and bad economic news. On April 3, the Institute of Supply Management (ISM) announced its nonmanufacturing index fell to 54.4, a seven month low. Higher taxes and federal budget cuts were purported to blame for the slowdown. Two days later on the first Friday of the month, the Labor Department released disappointing March employment numbers: Employers added only 88,000 new jobs, fewer than any month in the past year (though the number was later revised up to 142,000). The unemployment rate dropped to 7.6%, but only because an estimated almost half million people left the workforce in March. On a more encouraging note, housing starts in March rose 7.0% to an annual rate of 1,036,000 (later revised to 1,005,000) and new home sales climbed 1.5% (revised to 1.3%) to 417,000 annualized (revised to 451,000), the second highest jump in three years. Despite the mixed signals, the U.S. equity market, as measured by the S&P 500 Index, rose a modest 1.9% in April. In May, news on the economy was decidedly better though not across the board. The Conference Board's Consumer Confidence Index jumped from 68.1 in April (later revised to 69) to 74.3 in May, a five year high. Employment numbers for April were better than expected with 165,000 new jobs added (later revised to 199,000), driving the unemployment rate down to 7.5%, a four year low. Additionally, February and March employment numbers were revised upwards by 150,000 combined. June headlines included new car sales, which soared to 1.4 million in May (15.3 million annualized), up 8% from May 2012 according to Autodata Corp. The June "first Friday" employment numbers (for May) were higher than expected, coming in at 175,000 positions added (revised up to 195,000), but not so high as to convince the Federal Reserve Board to discontinue its policy of "quantitative easing." The Standard and Poor's Case-Shiller Index released in June revealed that existing home prices skyrocketed by 12.1% from April 2012 to April 2013. Important to note was the fact that home prices increased in every one of the twenty metropolitan areas surveyed. The bad news came again from the ISM, which reported a drop in its manufacturing index from 50.7 in April to 49 in May (a reading below 50 indicates contraction in the manufacturing sector). Culprits most likely were cuts in government spending, a downturn in Europe and some slowing in the Chinese economy, but the U.S. equity market was largely unfazed. The Consumer Confidence Index jumped nearly ten points to 84.1 in June. Longer term interest rates began to move in May with the ten-year Treasury bond trading to yield 1.63% on May 3 and rising to 2.13% on May 31. The Fed met in mid-June and voted to continue its bond buying program, but suggested it might decrease the volume of monthly purchases later in the year as the recovery grows stronger. The bond market reacted quickly with the ten-year Treasury yield jumping to 2.61% on June 25, up almost a full percent since early May. Adding to the jitters were credit problems in China, which sent the short-term interest rate for overnight funds in Shanghai from 6% to 13% in June. The U.S. equity market reacted quickly, and the S&P 500 Index fell from 1,652 on June 18 to 1,573 on June 24 before recovering somewhat to 1,606 at the end of the quarter. In our view, the new Fed policy is constructive and we believe a stronger economy will help drive corporate profits higher, which should support a stronger equity market later in the year. CGM Mutual Fund was 26.5% invested in short-term government securities at quarter end. The three major industries in the equity portion of the portfolio were money center banks, housing and building materials and vehicle assembly. The three largest equity positions were Morgan Stanley (MS), Citigroup Inc. (C) and Ford Motor Company (F). Robert L. Kemp President July 1, 2013 More...

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President and CEO of Nike Inc. Mark G. Parker Sold 120,000 Shares
Nike Inc. was incorporated in 1968 under the laws of the state of Oregon. The company's main business activity is the design, development and worldwide marketing of high quality footwear, apparel, equipment and accessory products. Nike Inc. has a market cap of $56.2 billion; its shares were traded at around $62.79 with a P/E ratio of 24.50 and P/S ratio of 2.30. The dividend yield of Nike Inc. stocks is 1.30%. Nike, Inc. had an annual average earnings growth of 8.1% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 4.5-star. More...

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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. More...

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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: More...

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Rating: 3.5/5 (6 votes)

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%. More...

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Growth Hedge Fund Shakeups: Ford (F), Delta (DAL) And More
[b][i]Be sure to check out our detailed stock analysis (click here). More...

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Guru Investors' Top Homebuilder Stocks as Housing Recovery Begins
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...

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