Heebner’s Q3 Picks Soar In Equity Rally (CGMFX, DE, SNDK, WHR, ORLY)

After posting 32% average annual gains from 2000 to 2007, Ken Heebner’s CGM Focus (CGMFX) fund hit a rough patch in recent years, but the portfolio’s top picks from the end of the second quarter surged higher amid Wednesday’s equity rebound.

Heebner, who is known for an abnormally high position turnover rate among mutual fund managers, was adding a number of new positions to the Focus Fund’s top holdings during the second quarter. New bets included heavy equipment maker Deere & Company (DE), flash memory firm SanDisk (SNDK), home appliance company Whirlpool (WHR), and auto parts firm O’Reilly Automotive (ORLY), among others.

While there’s no telling whether Heebner still holds CGM’s top-15 U.S.-listed equity positions from the end of Q2, the group is ahead by 4.2% today.

Investors can view more stocks that Heebner has invested in and a chart of their combined performance at tickerspy.com.

Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

Tags: CGMFX, DE, ORLY, SNDK, WHR