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The Score Board of Gurus

These are the performance numbers for the stocks Gurus bought and the 5-year, 10-year performance numbers of their flagship funds. To be more objective, we also display the annualized performance numbers over complete market cycles and the return of rolling 5-year periods. Warren Buffett uses the annual returns of rolling 5-year period to measure his own performances. Click here.

ScoreboardStock Picks - 6 MonthsStock Picks - 12 MonthsPerformancesTurnover (%)
Name # of Stocks Bought The Average Gain* (%) # of Stocks Bought Average Return* (%) 5-year (%) 10-year (%) Since Inception (%) (Q/Q)
John Paulson 53397.8978272.44.17.911.714
Jean-Marie Eveillard 161109.8627381.946.312.91410
Hennessy Japan Fund 167292.51.55.72
Chuck Akre 2555.045664.09211.212.711
Chou RRSP Fund 1521522.85.39.635
Hennessy Japan Small Cap Fund 4850.157456.343.53.564
Francis Chou 248.5645.672.94.710.80
Matthews Japan Fund 4035.256452.83-1.25.83.729
T. Rowe Price Japan Fund 9434.8911138.3-4.35.30.526
Wasatch International Growth 4630.5411237.373.513.329
Chase Coleman 5128.868124.5935
Zeke Ashton 2128.714425.869.7935
Charles de Vaulx 9273326.8210.73
Mark Hillman 626.831127.73-0.39.38.910
Mohnish Pabrai 726.571129.4521
David Nierenberg 2261020.123
Edward Lampert 425.25960.678
Carl Icahn 2524.85390.0610
Wallace Weitz 2723.595316.044.97.212.37
Robert Karr 1723.242817.3922.1926
Eric Mindich 33236417.6313
Dodge & Cox 2722.75229.73-0.27.312.93
Bill Gates 7221231.173
David Einhorn 2221.865231.15.78.513
Larry Robbins 6621.3512433.351.718
Kyle Bass 1721.242720.8947
Ken Heebner 7520.8816328.31-10.810.612.336
John Griffin 3420.296931.719
HOTCHKIS & WILEY 9119.5518024.59-0.56.39.113
Robert Rodriguez 319.33926.336.610.214.33
Seth Klarman 1219.08279.8913.112.824
Yacktman Focused Fund 2118.712118.7110.6118.77
Tom Russo 6818.4112620.256.810.815.36
Daniel Loeb 4118.329027.117.216.319.834
PRIMECAP Management 5618.0414114.7439.912.82
Arnold Schneider 6117.9511823.22.312.513.26
Steve Mandel 5317.9410024.0917
Yacktman Fund 1117.911117.919.710.69.85
Vanguard Health Care Fund 3117.813720.546.19.516.412
Lou Simpson 1617.692720.4819
Glenn Greenberg 1717.353421.6520
Steven Romick 1117.0954285.49.210.52
First Pacific Advisors 25178423.466
MS Global Franchise Fund 2116.96020.035.811.210.912
Julian Robertson 3316.856120.7736
Causeway International Value 3716.626419.44-19.87.714
Andreas Halvorsen 7516.3915423.7522.2645
Prem Watsa 1816.333120.8112.811.723.70
George Soros 18116.1837720.3221
Richard Pzena 5816.1416322.179
David Herro 5315.9610433.661.710.29.523
Bill Nygren 4415.778521.876.27.811.29
Brian Rogers 2715.75719.351.67.210.43
Donald Yacktman 1615.53519.719.710.610.16
Mason Hawkins 2015.43921.280.36.311.84
Mawer New Canada Fund 2415.255419.726.313.413.812
Diamond Hill Capital 5914.8610321.984.310.810.28
Pioneer Investments 25714.6855116.839
Joel Greenblatt 82014.58165038.328.729
Howard Marks 2514.566013.155
John Rogers 10614.5518115.932.66.910.712
Tweedy Browne 2714.523919.493.96.54.56
Jim Chanos 2314.395217.6719
RS Investment Management 21414.2944317.574.55.44.216
Whitney Tilson 5414.1910517.120
Michael Price 3813.928915.811
Bruce Kovner 29413.8157218.0355
Louis Moore Bacon 41613.8168016.925.943
Lee Ainslie 5913.6313617.8511.240
Steven Cohen 177713.35339422.66.142
Warren Buffett 3213.345720.127.910.619.32
John Burbank 15513.2137114.9232
Oakmark Intl Small Cap 4413.187921.371.812.49.518
Donald Smith 5213.179319.5217
Richard Snow 10013.1317318.62-0.37.713.214
Bill Frels 9613.0315417.64.88.612.96
David Swensen 1013202331
Meridian Funds 5612.8410310.842.38.613.69
NWQ Managers 6512.7511631.920.17.365
David Winters 1012.71318.311.26.48
Charles Brandes 6312.6514223.98-3.93.16.42
David Tepper 4112.638827.3523.330.529.211
John Keeley 19812.5733118.3419.57.210
Jim Simons 253112.2494121.853042
Tom Gayner 3211.946428.560.769.82
Frank Sands 4011.97613.596.310.410.715
Leith Wheeler Canadian Equity 2911.865314.681.59.69.916
Chuck Royce 45811.7898217.42612.6126
Jeff Auxier 3311.767421.933.57.56.57
Ron Baron 15411.7326020.39-0.311.411.97
James Barrow 4711.781224.74.15.65.36
Ronald Muhlenkamp 2211.53730.22-2.35.29.48
IVA International Fund 811.53223.510.74
Richard Perry 1711.473924.281.612
Ken Fisher 16311.3341015.42-2.766.35
Robert Olstein 5611.0211516.32-0.35.49.612
Bill Ackman 1111110.916.22
Invesco European Growth Fund 9113714.92-1.212.411.33
Wintergreen Fund 4111315.541.26.47
Mawer Canadian Equity Fund 3410.976813.723.59.79.114
Scott Black 5310.9215716.5212
Sarah Ketterer 6610.8612914.643.18.57
John Buckingham 2510.68659.740.210.211.113
Paul Tudor Jones 102810.22212124.06642
Columbia Wanger 989.8817115.124
Murray Stahl 829.8514216.15-6.67.510.49
Arnold Van Den Berg 199.844114.631.55.811.58
David Rolfe 409.77212.578.110.511.522
Martin Whitman 69.67265.15-265.58
Manning & Napier Advisors, Inc 1139.5533716.741.58.28.410
Paul Singer 249.08366.4427
Tweedy Browne Global Value 178.82178.821.99.49.73
Third Avenue Management 638.7911811.46-265.59
Ruane Cunniff 208.655216.355.77.413.91
Irving Kahn 138.542322.134
Bruce Berkowitz 78.4389.632.41011.26
Alan Fournier 358.065111.949
John Hussman 1688.0126910.22-3.91.74.730
Chris Davis 567.7711121.33-15.910.53
Ray Dalio 3097.5157215.2917
Bernard Horn 67.172125.48-0.58.99.24
Leon Cooperman 706.5614017.118
Mario Gabelli 2786.125317.93.19.711.96
Jeremy Grantham 2405.7872716.762.46.64.48
Robert Bruce 45.251016.16.615.812.33
David Dreman 865.0916811.59-4.29
Private Capital 135.082816.434
Ian Cumming 1427.5713.318.58
Westport Asset Management 124255.65.110.810.25
Matthews Pacific Tiger Fund 183.28388.294.417.79.75
T Boone Pickens 263.124611.3965
Richard Blum 003380
Signature Select Canadian Fund 004922.880.781036
CI Can-Am Small Cap Fund 00833.384.612.38.716
Michael Dell 4-13.757-29.8613
Wilbur Ross 4-16.7510-18.91
Fairholme Fund 1-192-552.41011.20
*The performance data are the average performances of the stocks Gurus purchased. They are not weighted, and do not include the stocks they kept unchanged in number of shares owned. The data are different from the performances of their complete portfolios
**Portfolio Performances are calculated based on the equity holding as of the latest reported quarterly portfolio, assuming no buys/sells since. ***Turnover is defined as the impact to portfolio caused by all the purchases. This is a Quarter-to-Quarter number

A Better Way to Measure Performances

We believe that the performance over fixed time periods, like the latest 3-year, 5-year and 10-year, might be misleading since a single bad year performance would ruin all. Therefore, we believe the best way to measure funds’ performance is to check the performance number over complete market cycles.

According to the annual returns of S&P 500 from 1999 to 2012, we think market peaks appeared at 1999, 2007 and 2012, while market troughs appear at 2002 and 2008. Based on this, we research all the funds’ performance from peak to peak (1999 to 2007, 2007 to 2012, and 1999 to 2012) years and trough to trough years (2002 to 2008).

The results are as follows (we ignore the funds which lack at least two years of data in a complete economic cycle):

Table 1: Peak to Peak_1999-2007 Annual Return
Guru Name Return Fund Type
David Tepper 30.66% h
Ken Heebner 28.90% m
Daniel Loeb 21.30% h
Arnold Schneider 19.78% m
Mawer New Canada Fund 19.25% f
Robert Bruce 18.74% m
John Buckingham 17.68% m
John Paulson 17.31% h
Bruce Berkowitz 17.11% m
Fairholme Fund 17.11% f
Jean-Marie Eveillard 16.49% m
Meridian Funds 15.80% m
Signature Select Canadian Fund 15.59% f
Murray Stahl 15.29% m
Arnold Van Den Berg 14.54% f
Mark Hillman 14.43% m
Chuck Royce 13.92% m
Chuck Akre 13.28% m
John Keeley 13.22% m
Leith Wheeler Canadian Equity 13.03% f
Westport Asset Management 12.91% m
CI Can-Am Small Cap Fund 12.62% f
Mawer Canadian Equity Fund 12.51% f
Richard Snow 12.50% m
Manning & Napier Advisors, Inc 12.39% h
Robert Rodriguez 12.15% f
Dodge & Cox 12.12% m
Edward Owens 11.33% f
Martin Whitman 11.23% f
Third Avenue Management 11.23% m
Ron Baron 10.96% m
Steven Romick 10.90% f
Ian Cumming 10.77% i
Robert Olstein 10.60% m
Chou RRSP Fund 10.43% f
John Hussman 10.41% m
Bill Frels 10.14% m
Mario Gabelli 9.86% m
Ronald Muhlenkamp 9.62% m
Tom Gayner 9.59% i
Mason Hawkins 9.47% m
Tom Russo 9.44% h
John Rogers 9.41% m
Donald Yacktman 9.00% m
PRIMECAP Management 8.80% m
Francis Chou 8.69% m
Warren Buffett 8.39% i
Jeff Auxier 8.32% m
Prem Watsa 8.09% i
HOTCHKIS & WILEY 8.05% m
Brian Rogers 7.56% f
Ken Fisher 7.51% m
Wallace Weitz 7.50% m
David Rolfe 7.45% m
NWQ Managers 6.81% m
Chris Davis 6.73% m
Charles Brandes 6.50% m
Jeremy Grantham 6.29% m
James Barrow 6.05% m
Ruane Cunniff 5.88% m
RS Investment Management 5.65% m
Bill Nygren 5.33% f
Tweedy Browne 4.61% m
S&P 500 3.78%
 
Table 2: Peak to Peak_2007-2012 Annual Return
Guru Name Return Fund Type
Prem Watsa 19.73% i
David Rolfe 9.21% m
Daniel Loeb 8.84% h
Donald Yacktman 8.61% m
Warren Buffett 8.43% i
Frank Sands 8.28% m
Mawer New Canada Fund 7.98% f
Zeke Ashton 7.90% h
Chuck Royce 7.05% m
Ian Cumming 6.99% i
Jean-Marie Eveillard 6.85% m
Westport Asset Management 6.49% m
Ruane Cunniff 6.12% m
Edward Owens 5.80% f
David Einhorn 5.76% h
Steven Romick 5.61% f
Robert Rodriguez 5.43% f
Mawer Canadian Equity Fund 4.81% f
Bill Frels 4.80% m
Robert Bruce 4.58% m
Mario Gabelli 4.51% m
Bill Nygren 4.46% f
PRIMECAP Management 4.40% m
David Winters 4.25% m
CI Can-Am Small Cap Fund 4.23% f
John Paulson 4.11% h
Bruce Berkowitz 3.99% m
Fairholme Fund 3.99% f
Jeff Auxier 3.90% m
Tom Russo 3.77% h
James Barrow 3.33% m
Tweedy Browne 3.33% m
Meridian Funds 3.17% m
RS Investment Management 3.05% m
Diamond Hill Capital 2.91% m
Leith Wheeler Canadian Equity 2.75% f
Wallace Weitz 2.51% m
S&P 500 2.21%
John Keeley 2.03% m
Chuck Akre 2.02% m
Manning & Napier Advisors, Inc 1.89% h
Brian Rogers 1.87% f
John Rogers 1.86% m
Ron Baron 1.58% m
Jeremy Grantham 1.30% m
NWQ Managers 1.23% m
Signature Select Canadian Fund 1.05% f
John Buckingham 0.84% m
Tom Gayner 0.71% i
Chou RRSP Fund 0.69% f
Francis Chou 0.58% m
Arnold Van Den Berg 0.29% f
Ken Heebner 0.23% m
Mason Hawkins 0.14% m
Dodge & Cox -0.17% m
Ken Fisher -0.31% m
Richard Snow -0.54% m
Mark Hillman -0.72% m
Martin Whitman -0.73% f
Third Avenue Management -0.77% m
Robert Olstein -0.80% m
Arnold Schneider -1.22% m
Murray Stahl -1.45% m
Chris Davis -1.76% m
HOTCHKIS & WILEY -2.29% m
John Hussman -2.64% m
Ronald Muhlenkamp -3.54% m
Charles Brandes -5.92% m
 
Table 3: Peak to Peak_1999-2012 Annual Return
Guru Name Return Fund Type
Daniel Loeb 16.06% h
Mawer New Canada Fund 14.46% f
Robert Bruce 14.27% m
Arnold Schneider 13.22% m
Ken Heebner 13.00% m
Jean-Marie Eveillard 12.73% m
Bruce Berkowitz 11.21% m
John Buckingham 11.11% m
Chuck Royce 11.01% m
Meridian Funds 10.78% m
Fairholme Fund 10.37% f
Robert Rodriguez 10.15% f
Westport Asset Management 10.05% m
Signature Select Canadian Fund 10.02% f
John Paulson 9.85% h
Arnold Van Den Berg 9.69% f
CI Can-Am Small Cap Fund 9.68% f
Prem Watsa 9.46% i
Edward Owens 9.43% f
Chuck Akre 9.32% m
Donald Yacktman 9.24% m
Mawer Canadian Equity Fund 9.21% f
Mark Hillman 8.91% m
Steven Romick 8.89% f
Leith Wheeler Canadian Equity 8.78% f
John Keeley 8.70% m
Manning & Napier Advisors, Inc 8.38% h
Warren Buffett 8.22% i
Bill Frels 8.20% m
Richard Snow 7.75% m
David Rolfe 7.67% m
Chou RRSP Fund 7.65% f
Dodge & Cox 7.54% m
Ian Cumming 7.41% i
Mario Gabelli 7.40% m
Tom Russo 7.35% h
Murray Stahl 6.95% m
John Rogers 6.92% m
Tom Gayner 6.87% i
Ron Baron 6.81% m
PRIMECAP Management 6.71% m
Robert Olstein 6.59% m
Francis Chou 6.58% m
Wallace Weitz 6.55% m
Jeff Auxier 6.45% m
Martin Whitman 6.32% f
Third Avenue Management 6.30% m
Mason Hawkins 6.09% m
Ruane Cunniff 5.81% m
Bill Nygren 5.62% f
Brian Rogers 5.39% f
James Barrow 5.33% m
RS Investment Management 5.23% m
Ronald Muhlenkamp 5.22% m
HOTCHKIS & WILEY 4.90% m
Jeremy Grantham 4.76% m
John Hussman 4.65% m
NWQ Managers 4.38% m
Tweedy Browne 4.35% m
Chris Davis 3.89% m
Ken Fisher 3.75% m
S&P 500 2.97%
Charles Brandes 2.65% m
 
Table 4: Trough to Trough_2002-2008 Annual Return
Guru Name Return Fund Type
David Tepper 17.16% h
John Paulson 15.90% h
Robert Bruce 14.02% m
Prem Watsa 13.00% i
Jean-Marie Eveillard 11.61% m
Ken Heebner 10.92% m
Mawer New Canada Fund 10.20% f
CI Can-Am Small Cap Fund 10.15% f
Daniel Loeb 9.37% h
Warren Buffett 9.26% i
Chuck Royce 7.12% m
Bruce Berkowitz 6.93% m
Fairholme Fund 6.93% f
Chuck Akre 6.79% m
Ian Cumming 6.51% i
Leith Wheeler Canadian Equity 6.40% f
Diamond Hill Capital 6.29% m
Steven Romick 6.21% f
John Hussman 6.02% m
Mawer Canadian Equity Fund 5.69% f
Signature Select Canadian Fund 5.45% f
John Keeley 5.37% m
Donald Yacktman 5.20% m
Sarah Ketterer 4.98% m
Tom Russo 4.51% h
Edward Owens 4.26% f
Arnold Schneider 4.04% m
Ron Baron 3.81% m
Westport Asset Management 3.34% m
Francis Chou 3.33% m
Jeff Auxier 2.88% m
Murray Stahl 2.69% m
Meridian Funds 2.68% m
Robert Rodriguez 2.60% f
Bill Frels 2.41% m
Mario Gabelli 2.21% m
Martin Whitman 2.04% f
Third Avenue Management 2.04% m
Mark Hillman 1.95% m
Tom Gayner 1.83% i
PRIMECAP Management 1.75% m
Chou RRSP Fund 1.45% f
Ruane Cunniff 1.40% m
John Buckingham 1.30% m
Arnold Van Den Berg 1.12% f
Manning & Napier Advisors, Inc 0.63% h
Dodge & Cox 0.54% m
Brian Rogers 0.53% f
Tweedy Browne -0.04% m
Richard Snow -0.50% m
NWQ Managers -0.59% m
James Barrow -0.65% m
Jeremy Grantham -0.83% m
HOTCHKIS & WILEY -1.08% m
Ken Fisher -1.28% m
David Rolfe -1.35% m
Bill Nygren -1.37% f
S&P 500 -1.38%
Ronald Muhlenkamp -1.61% m
RS Investment Management -1.92% m
John Rogers -2.48% m
Chris Davis -2.78% m
Mason Hawkins -2.79% m
Wallace Weitz -2.95% m
Robert Olstein -3.50% m
Frank Sands -4.49% m
Charles Brandes -7.56% m

In Berkshire Hathaway Inc. (BRK.A)(BRK.B)’s annual report of 2012, Warren Buffett mentioned this methodology. We first calculate the five-year rolling annualized returns for each fund from their inception date to today, then compare them with five-year rolling annualized returns of the S&P 500, and finally we calculate the percentage of years when each fund outperformed the market. We ignore those funds which had less than eight five-year rolling returns from 1980 or their inception date, whichever comes first, to 2012.

The results are as follows:

Table 5: Percentage of Years When Guru Outperformed the Market (Five-Year Rolling Basis)
Guru Name Percentage Number of Data
Warren Buffett 100.00% 29
Daniel Loeb 100.00% 14
Westport Asset Management 100.00% 11
Diamond Hill Capital 100.00% 8
CI Can-Am Small Cap Fund 100.00% 11
Edward Owens 95.83% 24
Meridian Funds 92.86% 14
David Tepper 92.86% 14
Tom Gayner 91.67% 12
Bruce Berkowitz 88.89% 9
Jeff Auxier 88.89% 9
Fairholme Fund 88.89% 9
Prem Watsa 86.36% 22
Ruane Cunniff 86.21% 29
Chuck Akre 84.21% 19
NWQ Managers 83.33% 12
Tom Russo 83.33% 24
PRIMECAP Management 83.33% 24
Ken Heebner 81.82% 11
Manning & Napier Advisors Inc. 80.00% 10
Signature Select Canadian Fund 80.00% 10
Ian Cumming 78.57% 28
John Paulson 78.57% 14
Robert Rodriguez 76.00% 25
Ken Fisher 75.00% 12
Frank Sands 75.00% 8
David Rolfe 75.00% 16
Mawer New Canada Fund 75.00% 20
Steven Romick 73.33% 15
Mario Gabelli 72.73% 22
Leith Wheeler Canadian Equity 71.43% 14
Ron Baron 70.59% 17
Chuck Royce 70.59% 17
Murray Stahl 69.23% 13
James Barrow 66.67% 12
Jean-Marie Eveillard 65.52% 29
Bill Frels 65.52% 29
Bill Nygren 64.71% 17
Richard Snow 64.71% 17
Chris Davis 64.71% 17
Mawer Canadian Equity Fund 64.71% 17
Tweedy Browne 64.29% 14
Wallace Weitz 64.00% 25
Donald Yacktman 62.50% 16
RS Investment Management 61.54% 13
Brian Rogers 60.87% 23
Ronald Muhlenkamp 60.00% 20
John Keeley 60.00% 15
Arnold Schneider 60.00% 10
Mark Hillman 60.00% 10
Francis Chou 59.09% 22
Dodge & Cox 58.62% 29
Mason Hawkins 57.14% 21
John Hussman 55.56% 9
Robert Olstein 53.85% 13
John Buckingham 50.00% 10
Robert Bruce 48.00% 25
John Rogers 45.45% 22
Martin Whitman 44.44% 18
Third Avenue Management 44.44% 18
Jeremy Grantham 44.44% 9
Arnold Van Den Berg 41.38% 29
Charles Brandes 37.50% 16
Chou RRSP Fund 36.36% 22
HOTCHKIS & WILEY 33.33% 21

Add Notes, Comments or Ask Questions

Comments

Rrurban
ReplyRrurban - 1 month ago
brilliant idea for selecting funds, by asset class, for an asset allocation strategy!
Este123
ReplyEste123 - 2 months ago
Thanks!
Gurufocus
ReplyGurufocus - 2 months ago
fixed.
Este123
ReplyEste123 - 2 months ago
Hi, Any idea when Score Board of Gurus will get fixed? Thanks
Yoramhtm
ReplyYoramhtm - 3 months ago
Score Board of Gurus doesn't work???
Gurufocus
ReplyGurufocus - 3 months ago
We have the cash position of a few gurus. They are in the GuruFolio PDF report.

thanks!
Ilanm
ReplyIlanm - 3 months ago
Hi
Where can i find how much cash each furu hold?

tnx

Ilan
Zepolinvestmentslp@gmail.com
ReplyZepolinvestmentslp@gmail.com - 6 months ago
Please add the Dow, Nasdaq and S&P500 to this list, thank you!
Waterats
ReplyWaterats - 1 year ago
Why do some of the money managers not have performance returns for 5, 10,and since inceptions intervals....??? thanks
Paleface
ReplyPaleface - 2 years ago
For our convenience, awe and amusement, how about adding Mr. Dow, Mr. Russell and Mr. Nasdaq to the scoreboard? Thank you.
Gurufocus
ReplyGurufocus - 3 years ago
The numbers are being updated for 2009, not finished yet.

Benethridge
ReplyBenethridge - 3 years ago
I question all of them. None of them look correct to me.

Gurufocus, where are you getting your data for the 10 Year and Since Inception columns?

Ben
Waterats
ReplyWaterats - 3 years ago
HEY DR.

I see you have added alot of new GURU NAMES to your website. Are you planning on puting them on the "scoreboard" so we can easily see their performance over the time periods...LOVE YOUR WEBSITE.

ROBERT BAUMANN
Gurufocus
ReplyGurufocus - 3 years ago
We have just updated the performance data of mutual fund managers we tracked for the period ended Dec. 31, 2008. We will work on the hedge fund gurus.

For hedge funds, sometimes we do not have the detailed data. If anyone can help, please contact us.
Gurufocus
ReplyGurufocus - 4 years ago
This page will be updated.
Waterats
ReplyWaterats - 4 years ago
When do the Guru's 5 and 10 year % gains get recalculated by either them or Gurufocus.com. I question and am very doubtful Bruce Sherman's % rate is correct. It seems like they have never changed and continue year after year to be the same. He had a terrible last 12 to 18 months?


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