FPA Capital Fund

FPA Capital
Last update 2021-01-19 44 Stocks (34 new)
Value $143.00 Mil Turnover 64 %
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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 %
2020 4.45 16.16 -11.7
2019 19.27 28.79 -9.5
2018 -17.61 -6.35 -11.3
3-Year Cumulative (2018-2020) 2.64 (0.87/Year) 40.10 (11.90/Year) -37.46 (-11.03/Year)
2017 -5.11 19.38 -24.5
2016 22.86 9.64 13.2
5-Year Cumulative (2016-2020) 19.66 (3.65/Year) 83.38 (12.89/Year) -63.72 (-9.24/Year)
2015 -17.16 -0.81 -16.3
2014 -1.31 11.29 -12.6
2013 22.85 29.69 -6.8
2012 9.69 13.47 -3.8
2011 0.9 -0.2 1.1
10-Year Cumulative (2011-2020) 33.01 (2.89/Year) 197.30 (11.51/Year) -164.29 (-8.62/Year)
2010 24.25 12.84 11.4
2009 53.78 23.49 30.3
2008 -34.79 -38.28 3.5
2007 -0.39 3.24 -3.6
2006 5.42 13.74 -8.3
15-Year Cumulative (2006-2020) 74.03 (3.76/Year) 200.24 (7.60/Year) -126.21 (-3.84/Year)
2005 16.53 3.01 13.5
2004 12.62 8.62 4
2003 38.54 26.12 12.4
2002 -3.86 -22.81 18.9
2001 38.13 -12.87 51
20-Year Cumulative (2001-2020) 320.19 (7.44/Year) 184.95 (5.38/Year) 135.24 (2.06/Year)
2000 -3.08 -10.68 7.6
1999 14.24 19.11 -4.9
1998 -0.42 27.05 -27.5
1997 17.7 31.45 -13.8
1996 37.76 20.1 17.7
25-Year Cumulative (1996-2020) 651.19 (8.40/Year) 508.06 (7.49/Year) 143.13 (0.91/Year)
1995 38.39 34.94 3.5
1994 10.37 -2.21 12.6
1993 16.74 6.03 10.7
1992 21.57 4.46 17.1
1991 64.51 26.31 38.2
30-Year Cumulative (1991-2020) 2578.84 (11.58/Year) 1022.54 (8.39/Year) 1556.30 (3.19/Year)
1990 -13.8 -6.56 -7.2
1989 24.3 27.25 -3
1988 18.11 12.4 5.7
1987 10.75 2.03 8.7
1986 12.57 14.62 -2.1
35-Year Cumulative (1986-2020) 4126.47 (11.29/Year) 1654.47 (8.53/Year) 2472.00 (2.76/Year)
1985 28.95 26.33 2.6
1984 7 1.4 5.6

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