FPA Capital Fund, Inc. Q2 2018 Commentary

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About: Cimarex Energy Co. (XEC), SM, TEN, CISN, FPPTX, Includes: AAN, AGCO, ALGT, ARRS, AVT, CFFN, GNTX, GPK, HMHC, IDCC, MATX, NBL, PTEN, RDC, SAVE, VECO, WDC
by: Fund Letters
Summary

Includes detailed analysis of FPA Capital Fund's positions in XEC, SM, TEN, CISN.

FPA Capital Fund was up 3.41% for the second quarter of 2018.

Small capitalization indices continue to outperform large cap indices (the Russell 2500 Index was up 5.71% year-to-date vs. S&P 500 Index's 3.43% increase).