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Steve began using Marketocracy in May of 2003 with one fund, AVAL, which he calls his Value Focus Fund. This was his only portfolio that he managed at Marketocracy and has consistently built its track record since inception using his value focused approach. He may invest in any sector but most of his gains, as shown by Marketocracy performance zones, has occurred in the energy, material, and areas of the financial sector where his background in engineering is most useful in analyzing these businesses.
Steve selects companies that are often out of favor and sometimes are not well known as long as the future fundamentals are sound. This leads him to a lot of turn around situations or entire sectors that are in a cyclical downturn. He believes in buying stocks for what they really are, which is a percentage of ownership in a company. He also likes to use seasonality(i.e. times of reoccurring strength or weakness among individual equities) to time his buys and sells on individual stocks that tend to follow seasonal patterns.
According to William Harding, an analyst at Morningstar, the average turnover ratio for managed domestic stock funds is 130%. Steve usually keeps his turnover ratio much lower than this as his investment style sometime requires that he hold individual stocks for more than one or two years to allow them to recover to where they are fairly valued.
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|(aval) Value Focus Fund|
|MODEL INCEPTION (05/19/2003)||AVG. ANNUAL RETURN||S&P TOTAL RETURN||Actions|
|15+ YRS (As of: 01/18/2019)||15.96%||-100.00%||View Fund Stats|
|RETURN PERIOD (As Of: 12/31/2018)||AVG. ANNUAL RETURN||S&P TOTAL RETURN||ACHIEVEMENTS|
|Show Fund Strategy|
|Click Here to View More Information About This Fund.|
|Large Cap : Growth||48.00%||-0.88%|
|Unclassified Market Cap : Unclassified Style||26.46%||-0.89%|
|Large Cap : Blend||14.08%||0.27%|
|Micro Cap : Blend||5.23%||1.35%|
|Small Cap : Value||4.37%||0.56%|
|Mid Cap : Value||1.72%||0.96%|
The information below pertains to model data only.
|Fund Manager:||Total Model Net Assets:|
|Inception:||Ticker Symbol:||# of Securities:|
|May 19, 2003||aval||13|
My fund focus is primarily on stocks that are often out of favor and sometimes are not well known, but the future fundamentals are sound. This fund may invest in a lot of turn around situations or entire sectors that are in a cyclical downturn. The intention of my fund was to be diversified, but most of its gains, as shown by Marketocracy performance zones, has occurred in the energy, material, and areas of the financial sector where my background in engineering is most useful in analyzing these businesses. This fund will usually own 10 to 15 stocks with a fund cash percentage between 0% and 35%.
|Last 3 Months||7.5%|
|Last 6 Months||17.98%|
|Last 12 Months||41.41%|
|Period||Returns||S&P 500 Returns||Returns VS S&P 500|
|Last 3 Months||-9.44%||-3.00%||-6.44%|
|Last 2 Years||-4.06%||22.30%||-26.36%|
|Last 3 Years||38.37%||50.97%||-12.60%|
|Last 5 Years||14.30%||61.03%||-46.73%|
|Last 10 Years||252.91%||309.89%||-56.98%|