AlphaMark fund reaches top in 2024
Last [عزيزي الزائر يتوجب عليك التسجيل لمشاهدة الرابط للتسجيل اضغط هنا] year was proof you can win big by going small.
AlphaMark Small Cap Growth Fund cranked out the biggest gain of any local mutual fund last year by investing in small stocks. The fund soared 38.1 percent. Not only did that trounce the S 500’s 15.1 percent gain including dividends, but the fund also handily beat the higher performing small stock indexes. It topped the Russell 2000 Growth’s 29.1 percent return and the small cap Russell 2000’s 26.9 percent gain. small cap growth funds last year, according to mutual fund analysis firm Lipper. It soared far ahead of the average peer fund, which rose 27.6 percent.
How [عزيزي الزائر يتوجب عليك التسجيل لمشاهدة الرابط للتسجيل اضغط هنا] did it do it? Start with Netflix Inc. The movie rental [عزيزي الزائر يتوجب عليك التسجيل لمشاهدة الرابط للتسجيل اضغط هنا] company’s stock rocketed 180 percent for the year. AlphaMark enjoyed practically all of that gain, holding the stock all year [عزيزي الزائر يتوجب عليك التسجيل لمشاهدة الرابط للتسجيل اضغط هنا] until December. It finally sold Netflix because the stock was no longer small. It grew to a $10 billion company.
"We usually buy under $2 billion," said Michael Simon, the fund’s manager who is also founder and president of Fort Mitchell based AlphaMark Advisors.
That [عزيزي الزائر يتوجب عليك التسجيل لمشاهدة الرابط للتسجيل اضغط هنا] wasn’t his only success story. He still holds Deckers Outdoor Corp., which makes Ugg boots. It surged 88 percent last year from AlphaMark’s March 8 buying point. Clothing designer Phillip Van Heusen Corp. soared 78 percent.
Simon credits his concentrated stock portfolio for the fund’s success. He holds just 25 stocks at any one time. Many small cap funds own more than 100 names.
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