FPA Capital Fund

FPA Capital
Last update 2020-01-15 23 Stocks (4 new)
Value $133.00 Mil Turnover 14 %
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FPA Capital Fund Profile

FPA Capital Fund, Inc. (FPPTX) seeks long-term growth through investing primarily in carefully selected common stocks and select fixed income securities. -Fundamental bottom-up, deep value stock picking with economic and industry point of view -Capitalize on best ideas with concentrated portfolios -Focus on long term, turnover averaging less than 20% over 20 years

FPA Capital Fund Investing Philosophy

FPA Capital Fund primarily invests in the stocks of smaller companies. It selects stocks based on specific fundamental criteria: strong balance sheets, free cash flow, an understandable and successful business strategy under capable management, and unique business characteristics. The fund's purchases are concentrated in companies with relatively low Price/Normalized Earnings, low Price/Pretax Cash flow, low Price/Book Value, low Price/Replacement Value and low Market Cap/Total Revenues. The fund looks for companies with a track record of high returns on equity, and a long history. It sells stocks when the basis for investment has been revised, the stock is selling at a significant premium P/E to the market, profitability recovery has been attained, a management disappointment without expectation of recovery has occurred, or a superior alternative value has presented itself. The fund's portfolio generally holds 25-45 equities and its investment outlook is typically 3-5 years.
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Performance of FPA Capital Fund

Year Return % S&P500 % Excess Gain %
2018 -17.61 -4.57 -13
2017 -5.11 21.7 -26.8
2016 22.86 12 10.9
3-Year Cumulative (2016-2018) -3.93 (-1.33/Year) 30.07 (9.16/Year) -34.00 (-10.49/Year)
2015 -17.16 1.24 -18.4
2014 -1.31 13.46 -14.8
5-Year Cumulative (2014-2018) -21.47 (-4.70/Year) 49.41 (8.36/Year) -70.88 (-13.04/Year)
2013 22.85 32.31 -9.5
2012 9.69 15.99 -6.3
2011 0.9 1.9 -1
2010 24.25 15.05 9.2
2009 53.78 26.35 27.4
10-Year Cumulative (2009-2018) 104.01 (7.39/Year) 239.65 (13.01/Year) -135.64 (-5.62/Year)
2008 -34.79 -36.79 2
2007 -0.39 5.15 -5.5
2006 5.42 15.84 -10.4
2005 16.53 4.83 11.7
2004 12.62 10.7 1.9
15-Year Cumulative (2004-2018) 83.33 (4.12/Year) 203.48 (7.68/Year) -120.13 (-3.54/Year)
2003 38.54 28.18 10.4
2002 -3.86 -21.58 17.7
2001 38.13 -11.76 49.9
2000 -3.08 -9.75 6.7
1999 14.24 20.38 -6.1
20-Year Cumulative (1999-2018) 273.46 (6.81/Year) 192.44 (5.51/Year) 81.02 (1.30/Year)
1998 -0.42 28.69 -29.1
1997 17.7 33.49 -15.8
1996 37.76 22.5 15.3
1995 38.39 38.06 0.3
1994 10.37 0.38 10
25-Year Cumulative (1994-2018) 821.02 (9.29/Year) 752.87 (8.95/Year) 68.15 (0.34/Year)
1993 16.74 10.08 6.7
1992 21.57 7.62 13.9
1991 64.51 30.47 34
1990 -13.8 -3.1 -10.7
1989 24.3 31.69 -7.4
30-Year Cumulative (1989-2018) 2204.01 (11.02/Year) 1582.18 (9.87/Year) 621.83 (1.15/Year)
1988 18.11 16.61 1.5
1987 10.75 5.1 5.7
1986 12.57 18.6 -6
1985 28.95 31.6 -2.6
1984 7 6.1 0.9

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