FPA is an institutional money management firm. The Fund’s primary investment objective is long-term growth of capital. Benchmark-agnostic portfolio of 20-40 holdings, small- and mid-cap companies with competitive positions.
Includes detailed analysis of FPA Capital Fund's positions in WDC, SAVE.
The FPA Capital Fund, Inc. was down 0.61% (net) in the third quarter of 2018. As we wrote in our last quarterly letter, even though the Russell 2500 index’s year-to-date performance is strong at 10.41%, most of that performance is coming from Russell 2500 Growth stocks. The Russell 2500 Value index is up only 5.75% for the year.