The Score Board of Gurus

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). Please note that i=Investment company; m=Mutual Fund company; h=Hedge Fund company; F=Mutual Fund.
Peak to Peak_1999-2007 Annual Return
Peak to Peak_2007-2012 Annual Return
Peak to Peak_1999-2012 Annual Return
Trough to Trough_2002-2008 Annual Return
Percentage of Years When Guru Outperformed the Market (Five-Year Rolling Basis)
Scoreboard Top 10 Guru Holdings Performances (%) Fund Performances (%) since Latest 13F-filing Q/Q Turnover (%) Portfolio
Guru Name Type Since latest 13F-filing Since 6m ago Since 12m ago 1y 5y 10y Since Inception Period Tracked Fund Tracked Value ($Mil) # stocks
Arnold Schneider Mutual Fund
97.35
-13.77
20,060.40
16.20
1.60
5.50
9.80
1999-2019Schneider Small Cap Value Fund
22
175
34
Arnold Van Den Berg Mutual Fund
0
0
0
2.70
2.50
2
10.30
1980-2017CM Value I Composite
4
587
41
Barrow, Hanley, Mewhinney & Strauss Mutual Fund
20.44
41.69
2.26
29.50
6.80
11.30
7
1997-2019Vanguard Selected Value Fund
4
25,987
316
Bill Ackman Hedge Fund
16.88
68.70
23.74
-1.20
0.20
8.50
12.50
2008-2018Pershing Square, L.P.
0
8,823
7
Bill Gates Investment Company
8.04
33.94
16.99
-
-
-
-
-
7
22,077
24
Bill Nygren Mutual Fund
27.97
66.39
37.73
27
8.80
12.40
11.60
1992-2019Oakmark Fund
3
10,597
49
BP Capital Fund Advisors Hedge Fund
-41.51
-45.68
-37.21
-
0
0
0
-
7
100
37
Bruce Berkowitz Mutual Fund
99.77
145.45
140.59
32.10
1.20
4.90
9
2000-2019Fairholme Fund
4
653
13
Carl Icahn Hedge Fund
26.54
39.34
-8.16
-
26.60
0
16.10
-Icahn Capital
3
17,374
16
Charles Brandes Mutual Fund
44.41
64.28
0.34
22.90
8.40
12.30
8
1993-2019U. S. Value Equity
6
2,891
151
Charlie Munger -
7.81
33.45
-23.25
-
-
-
-
-
0
125
4
Chris Davis Mutual Fund
25.31
64.46
26.05
26.30
9.20
10.70
11
1992-2019Davis Financial Fund
6
17,973
114
Chuck Akre Mutual Fund
-2.44
28.77
14.77
-
2
11.20
12.70
1989-2011Akre Capital Private Asset Man
1
14,186
28
David Dreman Mutual Fund
0
0
0
-
11.20
4
4.80
2004-2014Large Cap Value Composite
26
221
457
David Einhorn Hedge Fund
32.16
111.06
25.29
9.30
-7.90
0.40
3.70
2004-2019Greenlight Re
18
1,225
36
David Swensen Investment Company
3.66
9.98
-1.93
-
0
0
0
-
70
33
7
David Tepper Hedge Fund
17.24
66.50
58.91
-
17.20
20.10
26.70
1993-2014Appaloosa Investment LP I
15
5,656
32
David Winters Mutual Fund
0
0
0
-19.90
-2.30
6.10
3.70
2006-2018Wintergreen Fund
0
99
4
Dodge & Cox Mutual Fund
23.99
59.58
17.93
24.80
9.70
12.60
13
1980-2019Dodge & Cox Stock FUND
4
109,279
184
Donald Smith & Co Mutual Fund
27.09
89.77
10.76
-
-
-
-
-
5
1,922
65
Edward Lampert Hedge Fund
67.10
235.21
71.55
-
0
0
0
-
0
186
3
First Eagle Investment Mutual Fund
9.13
37.20
2.80
20.20
6.50
7.90
12.70
1980-2019First Eagle Global Fund
4
33,327
101
FPA Capital Fund Mutual Fund
4.54
24.61
-17.45
19.30
-1
4.70
11.80
1984-2019FPA Capital Fund
64
143
44
George Soros Hedge Fund
20.03
61.93
51.04
-
0
0
0
-http://www.georgesoros.com/
26
3,607
101
Glenn Greenberg Hedge Fund
22.63
54.20
31.03
-
0
0
0
-
22
2,241
23
HOTCHKIS & WILEY Mutual Fund
40.33
58.43
15.57
29.10
7.80
12.10
9.90
1988-2019Large Cap Value Fund
8
22,020
447
Joel Greenblatt Hedge Fund
6.46
33.22
12.26
11.50
2.50
0
7
2012-2019Gotham Absolute Return Fund
19
3,114
1,012
John Paulson Hedge Fund
20.13
69.43
44.71
-
4.10
7.90
11.70
1994-2011Advantage Fund
1
3,208
31
John Rogers Mutual Fund
33.05
59.44
36.40
24.70
6.70
11.50
11
1987-2019Ariel Fund
7
6,886
142
Julian Robertson Hedge Fund
33.45
80.65
75.99
-
-
-
-
-
9
351
40
Kahn Brothers Hedge Fund
34.83
28.85
-1.41
-
0
0
0
-
1
528
42
Keeley Asset Management Corp Mutual Fund
0
0
0
22.40
5.40
10.70
7.90
1994-2019Keeley Small Cap Dividend Valu
8
2,352
270
Ken Fisher Mutual Fund
4.06
49.91
50.70
1.77
5.10
4
6.80
1997-2015Purisima Total Return (PURIX)
4
114,088
889
Ken Heebner Mutual Fund
1.56
94.83
20.08
-13.10
-3.10
1.60
9.10
1998-2019CGM Focus Fund
47
957
46
Leon Cooperman Hedge Fund
21.35
48.12
4.66
-
-
-
-
-
21
1,017
41
Leucadia National Investment Company
44.22
161.13
53.32
0.40
3.20
6.20
15.30
1980-2019Leucadia Corp. Book Value
0
141
7
Lou Simpson Hedge Fund
0
0
0
-
-
-
-
-
0
-
0
Mariko Gordon -
0
0
0
-19.10
-0.60
11.10
10.70
1995-2018Small-Cap Composite - Daruma
0
-
0
Mario Gabelli Mutual Fund
32.91
67.03
9.67
22.40
7.40
10.90
11.50
1987-2019Asset Fund Class AAA
2
9,003
852
Mason Hawkins Mutual Fund
30.57
81.91
26.98
14.80
1.30
7
10.40
1988-2019Longleaf Partners Fund
9
3,882
29
40/Page
Total 70