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Bloomberg News

Heebner Buys Polaris While Selling Whirlpool, National Oilwell

August 14, 2012

Kenneth Heebner, who ranked as America’s No. 1 stock picker before losing his touch and most of his main fund’s assets, bought stakes in Polaris Industries Inc. (PII:US) during the second quarter while selling Whirlpool Corp.

Capital Growth Management LP purchased 1.44 million shares of Polaris during the three-month period that ended June 30, according to a filing with the Securities and Exchange Commission. The Boston-based money manager bought 735,000 shares of Sherwin-Williams Co. (SHW:US) and sold out its stakes in Whirlpool and National Oilwell Varco Inc. (NOV:US)

Heebner, whose CGM Focus Fund (CGMFX:US) topped all diversified U.S. stock mutual funds in the decade through 2007, lost an annual 6.7 percent in the past five years, trailing an average gain of 2 percent by the same group, according to data compiled by Bloomberg. The fund’s assets plunged to $1.48 billion at the end of July from the June 2008 peak of $10.3 billion.

To contact the reporter on this story: Lu Wang in New York at

To contact the editor responsible for this story: Lynn Thomasson at

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