Ken Heebner co-founded Capital Growth Management in 1990 and has managed it ever since. The fund has grown to over $6 billion, largely because of Heebner’s track record; his Capital Growth Management was the best performing diversified U.S. stock fund over the last 10 years according to Business Week.
Heebner’s strategy is simple. He focuses solely on growth, even when that focus leads him to develop large bets on unpopular positions. For a long time, Heebner’s strategy seemed to work well, earning him a reputation as a bold, savvy investor. In fact, just three years ago, CNN Money called Ken Heebner “the best… fund manager around” and “America’s hottest investor.” However, Heebner’s performance of late has been less than stellar; since the end of the second quarter, his stock picks in his 13F portfolio have lost over 20%, compared with the S&P 500’s (SPY) 14.6% loss for the same period.
Ken Heebner’s top three stock picks are National Oilwell Varco (NOV), Ford (F), and Citigroup (C). See Heebner’s other stock picks and our discussion about them here. You can also see the list of all hedge funds in NOV, F, and C by clicking on their ticker symbols.