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 %
2019 19.27 30.58 -11.3
2018 -17.61 -4.57 -13
2017 -5.11 21.7 -26.8
3-Year Cumulative (2017-2019) -6.75 (-2.30/Year) 51.65 (14.89/Year) -58.40 (-17.19/Year)
2016 22.86 12 10.9
2015 -17.16 1.24 -18.4
5-Year Cumulative (2015-2019) -5.08 (-1.04/Year) 71.96 (11.45/Year) -77.02 (-12.47/Year)
2014 -1.31 13.46 -14.8
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
10-Year Cumulative (2010-2019) 58.23 (4.70/Year) 251.03 (13.38/Year) -192.80 (-8.68/Year)
2009 53.78 26.35 27.4
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
15-Year Cumulative (2005-2019) 94.16 (4.52/Year) 257.98 (8.87/Year) -163.82 (-4.35/Year)
2004 12.62 10.7 1.9
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
20-Year Cumulative (2000-2019) 289.90 (7.04/Year) 217.22 (5.94/Year) 72.68 (1.10/Year)
1999 14.24 20.38 -6.1
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
25-Year Cumulative (1995-2019) 895.29 (9.63/Year) 1009.46 (10.10/Year) -114.17 (-0.45/Year)
1994 10.37 0.38 10
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
30-Year Cumulative (1990-2019) 2110.78 (10.87/Year) 1568.00 (9.83/Year) 542.78 (1.04/Year)
1989 24.3 31.69 -7.4
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
35-Year Cumulative (1985-2019) 5117.84 (11.96/Year) 4101.73 (11.27/Year) 1016.11 (0.69/Year)
1984 7 6.1 0.9

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