Zeke Ashton

Zeke Ashton

Last Update: 11-14-2016

Number of Stocks: 29
Number of New Stocks: 2

Total Value: $52 Mil
Q/Q Turnover: 9%

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

Zeke Ashton' s Profile & Performance

Profile

Zeke Ashton is the managing partner of Centaur Capital Partners and manages the investments for the Centaur Value Fund. He is also manager of Tilson Dividend Fund.

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

Investing Philosophy

Centaur Capital Partners follows an investment philosophy based upon value principles, and selects stock investments based upon true business value as reflected by asset value, cash flow generation, management quality, and the competitive advantages of the underlying businesses when such stocks are available at compelling prices. Centaur Capital Partners is the General Partner and investment advisor to the Centaur Value Fund.

Total Holding History

Performance of Tilson Dividend Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-4.641.19-5.8
20147.213.69-6.5
201316.7832.39-15.6
3-Year Cumulative19.4 (6.1%/year)52.3 (15.1%/year)-32.9 (-9%/year)
201217.94161.9
2011-2.332.11-4.4
5-Year Cumulative37.5 (6.6%/year)80.4 (12.5%/year)-42.9 (-5.9%/year)
201020.6415.065.6
200943.9826.4617.5
2008-20.55-3716.5
2007-0.635.49-6.1
200615.7515.79-0.0
10-Year Cumulative118.3 (8.1%/year)102 (7.3%/year)16.3 (0.8%/year)

Top Ranked Articles

Zeke Ashton Comments on Iconix Group Guru stock highlight
As long‐time investors probably are aware, our strategy is highly flexible and from time to time we make investments in securities other than common stocks, most commonly convertible or high yield corporate bonds. In March the Fund purchased a modest position in a corporate bond issued by Iconix Group (NASDAQ:ICON), a company we are quite familiar with by virtue of having owned the common stock for two extended stretches in past years. Our track record on the equity is mixed: we made good money on it the first time we owned it as it de‐levered coming out of the 2008‐2009 crisis. The second time around we sold at a loss as the company re‐levered into the easy credit environment of 2014‐2015 and we became increasingly uncomfortable with the debt profile as well as other issues that we would consider to have been self‐inflicted by an overly aggressive management team. Iconix has since replaced its management, but entered the year needing to roll out a substantial amount of debt due to mature at mid‐year 2016. Though the company carries more debt than Read more...
Warning Signs Identify Value Declining Companies Accumulating warning signs convince gurus to look elsewhere
Among U.S. companies, Leucadia National (Trades, Portfolio) Corp. (NYSE:LUK) has declining profit margins and a weakened financial outlook. As the beef-processing company shows warning signs of potential bankruptcy, several gurus look elsewhere for growth and value. Read more...
Zeke Ashton Sells 13 Stakes in 4th Quarter Electronics companies, health care providers among guru's divestitures
Zeke Ashton (Trades, Portfolio), managing partner of Centaur Capital Partners, sold 13 stakes in his portfolio in the fourth quarter. It was only the second time since 2013 that Ashton’s quarterly sales of existing stakes have been in double digits. Read more...
15 Questions With Tom Jacobs Author 'started reading stock tables' at age of 12
Today we are interviewing investing author Tom Jacobs. We talk about how he got his start in the market, the first stock he ever bought as well as the bargains he is finding in today's market. Read more...
Zeke Ashton Shares Philosophies on Value, Success A high school dropout, Ashton talks about important principles in investing
Zeke Ashton (Trades, Portfolio) started his investment career after he dropped out of high school to work for Bear Stearns, where he gained an understanding about the financial market and learned how to invest in stocks. After he gained valuable experience working for Bear Stearns, he took a risk and moved to Europe where he got a job as a financial system consultant and further gained an understanding on the fundamentals for risk analysis. Read more...
» More Zeke Ashton Articles

Commentaries and Stories

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Warning Signs Identify Value Declining Companies Accumulating warning signs convince gurus to look elsewhere Zeke Ashton,Ken Fisher,Jeremy Grantham - Warning Signs Identify Value Declining Companies
Among U.S. companies, Leucadia National (Trades, Portfolio) Corp. (NYSE:LUK) has declining profit margins and a weakened financial outlook. As the beef-processing company shows warning signs of potential bankruptcy, several gurus look elsewhere for growth and value. More...

ZEKE ASHTON, KEN FISHER, JEREMY GRANTHAM


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15 Questions With Tom Jacobs Author 'started reading stock tables' at age of 12 Warren Buffett,Zeke Ashton,Whitney Tilson,Joel Gre - 15 Questions With Tom Jacobs
Today we are interviewing investing author Tom Jacobs. We talk about how he got his start in the market, the first stock he ever bought as well as the bargains he is finding in today's market. More...

VALUE, INVESTMENT, INTERVIEW, BOOKS, AUTHOR


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Zeke Ashton Invests in 10 New Holdings 5 of guru's top 6 transactions are new to portfolio Zeke Ashton - Zeke Ashton Invests In 10 New Holdings
Five of Zeke Ashton (Trades, Portfolio)’s top six transactions in the second quarter were acquisitions of shares in companies that are new to the portfolio. More...

BUYS, QUARTER, UPDATE


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Zeke Ashton Comments on Iconix Group Guru stock highlight
As long‐time investors probably are aware, our strategy is highly flexible and from time to time we make investments in securities other than common stocks, most commonly convertible or high yield corporate bonds. In March the Fund purchased a modest position in a corporate bond issued by Iconix Group (NASDAQ:ICON), a company we are quite familiar with by virtue of having owned the common stock for two extended stretches in past years. Our track record on the equity is mixed: we made good money on it the first time we owned it as it de‐levered coming out of the 2008‐2009 crisis. The second time around we sold at a loss as the company re‐levered into the easy credit environment of 2014‐2015 and we became increasingly uncomfortable with the debt profile as well as other issues that we would consider to have been self‐inflicted by an overly aggressive management team. Iconix has since replaced its management, but entered the year needing to roll out a substantial amount of debt due to mature at mid‐year 2016. Though the company carries more debt than More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Zeke Ashton's Centaur Total Return Fund Semi-Annual 2016 Report Review of half year and holdings Zeke Ashton - Zeke Ashton's Centaur Total Return Fund Semi-Annual 2016 Report
Dear Centaur Total Return Fund Investors: More...

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Zeke Ashton Purchases Stake in Dave & Buster's Company has expanded its operations and has multiple streams of income Zeke Ashton - Zeke Ashton Purchases Stake In Dave & Buster's
Guru Zeke Ashton (Trades, Portfolio) purchased a 45,000-share stake in Dave & Buster's Entertainment Inc. (NASDAQ:PLAY) in the first quarter. More...

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Zeke Ashton Sells 13 Stakes in 4th Quarter Electronics companies, health care providers among guru's divestitures Zeke Ashton - Zeke Ashton Sells 13 Stakes In 4th Quarter
Zeke Ashton (Trades, Portfolio), managing partner of Centaur Capital Partners, sold 13 stakes in his portfolio in the fourth quarter. It was only the second time since 2013 that Ashton’s quarterly sales of existing stakes have been in double digits. More...

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Zeke Ashton Purchases 140,000 Shares of Tetra Tech Guru buys stake in professional services company in 4th quarter Zeke Ashton - Zeke Ashton Purchases 140,000 Shares Of Tetra Tech
Guru Zeke Ashton (Trades, Portfolio)'s Centaur Capital Partners bought a 140,000-share stake in Tetra Tech Inc. (NASDAQ:TTEK) in the fourth quarter. More...

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Zeke Ashton's Top Trades During 4th Quarter Investor buys Apple and increases stake in Berkshire Hathaway Zeke Ashton - Zeke Ashton's Top Trades During 4th Quarter
Zeke Ashton (Trades, Portfolio) is the managing partner of Centaur Capital Partners and manages the investments for the Centaur Value Fund. He is also manager of the Tilson Dividend Fund. He manages a portfolio with a total value of $35 million, and the following are his most heavily weighted trades during the fourth quarter. More...

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Zeke Ashton Raises Several Stakes in 3rd Quarter Guru adds to holding in Berkshire Hathaway Zeke Ashton - Zeke Ashton Raises Several Stakes In 3rd Quarter
The following are the stocks that Zeke Ashton (Trades, Portfolio) increased during the third quarter. He is the managing partner of Centaur Capital Partners and manages the investments for the Centaur Value Fund. More...

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Zeke Ashton's Centaur Total Return Fund 2015 Annual Letter Ashton reflects on difficult year and discusses outlook for new year Zeke Ashton - Zeke Ashton's Centaur Total Return Fund 2015 Annual Letter
Dear Centaur Total Return Fund Investors: More...

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Zeke Ashton Shares Philosophies on Value, Success A high school dropout, Ashton talks about important principles in investing Zeke Ashton - Zeke Ashton Shares Philosophies On Value, Success
Zeke Ashton (Trades, Portfolio) started his investment career after he dropped out of high school to work for Bear Stearns, where he gained an understanding about the financial market and learned how to invest in stocks. After he gained valuable experience working for Bear Stearns, he took a risk and moved to Europe where he got a job as a financial system consultant and further gained an understanding on the fundamentals for risk analysis. More...

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Zeke Ashton Divests Himself of Stake in Greenlight Capital Guru acquires stakes in Alphabet, Parker Hannifin Zeke Ashton - Zeke Ashton Divests Himself Of Stake In Greenlight Capital
Zeke Ashton (Trades, Portfolio), managing partner of Centaur Capital Partners and manager of Tilson Dividend Fund, enjoyed a 7.2% return rate at Tilson last year. Many investors would be ecstatic to have that kind of success in last year’s uncertain environment, but Tilson was conditioned to expect better. Tilson’s returns were in double digits in 2012 and 2013. More...

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Zeke Ashton Sells Greenlight Capital and Vector Group, Buys Parker and Alphabet His largest 3rd-quarter trades include 5 new buys Zeke Ashton,Chuck Royce,Jim Simons,Ruane Cunniff,N - Zeke Ashton Sells Greenlight Capital And Vector Group, Buys Parker And Alphabet
Zeke Ashton (Trades, Portfolio) is the managing partner of Centaur Capital Partners and manages the investments for the Centaur Value Fund. More...

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Zeke Ashton Comments on Blucora Guru stock highlight
Our position in Blucora (NASDAQ:BCOR) takes the form of convertible bonds that mature in April 2019. The bonds pay us 4.25% interest, but include a convertibility function that allows us the option to convert into common shares at a premium to today’s price. This particular investment is one that we would categorize as low risk / low reward, but there is a possibility that the reward could turn out to be much better than that. Blucora’s primary asset is TaxAct, which is an online tax return business that competes with Quicken’s TurboTax and similar services. The company also owns a legacy search engine business as well as an integrated e‐commerce business that primarily offers consumer electronics at value prices. What we find intriguing about the bond is that we believe the company is a very high quality credit given that it has sufficient cash on the balance sheet to pay off the bonds and its business is highly cash generative. We therefore believe that credit risk is low, and we are quite confident that our capital will be repaid at maturity. The potential More...

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Zeke Ashton Comments on NASCAR Companies Guru stock highlight
The Fund’s largest investment takes the form of two publicly traded NASCAR companies, International Speedway (NASDAQ:ISCA) and Speedway Motorsports (NYSE:TRK). Between them, these two companies own virtually all the tracks that host the NASCAR racing events, and therefore represent somewhat unique assets. In NASCAR, unlike other professional sports, the venue owner receives a very healthy share of the revenue generated by the sport. NASCAR’s popularity has declined in recent years after hitting a peak in the late 1990s, but the sport still draws a very loyal fan base to its events. We believe that recent attendance figures may point to a modest rebound, given that the NASCAR fan base may only now be starting to emerge fully from the effects of the economic downturn. In addition, NASCAR signed a 10‐year TV extension that runs through 2024 that compares favorably to the prior deal and which provides significant revenue and profit visibility going forward. We believe the stocks are attractively valued and that at the Fund’s purchase prices, the market valuations were considerably More...

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Zeke Ashton's Semi-Annual Centaur Total Return Fund 2015 The fund achieved its 10‐year anniversary in March 2015 Zeke Ashton - Zeke Ashton's Semi-Annual Centaur Total Return Fund 2015
Dear Centaur Total Return Fund Investors: More...

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Zeke Ashton Sells 10 Stakes in Second Quarter He adds five new stakes to his portfolio Zeke Ashton - Zeke Ashton Sells 10 Stakes In Second Quarter
As manager of Tilson Dividend Fund, Zeke Ashton (Trades, Portfolio) has overseen some impressive returns in recent years – 7.2% in 2014, 16.78% in 2013 and 17.94% in 2012. Ashton is also the founder and managing partner of value-oriented Centaur Capital Partners, a Dallas-based asset management company. Smaller than most gurus’ portfolios, Ashton’s portfolio got a little smaller in the second quarter as he sold 10 existing stakes and replaced them with five new ones. More...

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Zeke Ashton First Half 2015 Investor Letter From Centaur Management
Dear Centaur Total Return Fund Investors: More...

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Zeke Ashton Makes Nine New Buys in First Quarter Zeke Ashton - Zeke Ashton Makes Nine New Buys In First Quarter
Zeke Ashton (Trades, Portfolio) maintains a modest personal portfolio, compared to most of the gurus we follow, with a quarter-over-quarter turnover rate of 35%. That is understandable. He stays busy as the managing partner of Centaur Capital Partners and manages the investments for the Centaur Value Fund. He is also manager of Tilson Dividend Fund, where his rates of return in the last three years have been 7.2% (in 2014), 16.78% (in 2013) and 17.94% (in 2012). More...

Zeke Ashton


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