Clipper Fund
CFIMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Davis Selected Advisers, L.p. Tucson AZ United States of America 85706
- IPO Date
- Feb 29, 1984
- CIK
- 0001316506
- Website
- clipperfund.com
- Similar Companies
- Business
- Clipper Fund (CFIMX) is an open-end mutual fund that seeks long-term capital appreciation and capital preservation by investing principally in common stocks of large, durable, well-managed companies with market capitalizations of at least $10 billion, selected using the Davis Investment Discipline to identify undervalued businesses with attractive earnings growth; the portfolio typically holds 15 to 35 non-diversified positions, including select convertible securities or cash equivalents when equity opportunities are limited. Top holdings as of September 30, 2025, include Capital One Financial Corp. (8.9%), Meta Platforms Inc. (7.9%), Markel Group Inc. (6.5%), Alphabet Inc. (6.4%), and Applied Materials Inc. (6.1%), with sector allocations emphasizing financials (34.1%), communication services (16.5%), and consumer discretionary (13.9%); the fund targets U.S. and select international equities, primarily large-cap value stocks, benchmarked against the S&P 500 Index. Managed by Davis Selected Advisers, L.P. since January 1, 2006, with portfolio managers Christopher Davis (since 2006) and Danton Goei (since 2014), the fund features a net expense ratio of 0.70%, total net assets of $1.25 billion, and a forward P/E ratio of 15.2x versus the S&P 500's 25.1x. Founded on February 29, 1984, and headquartered in Kansas City, Missouri, with operations administered through Davis Advisors, the fund serves individual and institutional investors seeking a core equity holding. In a significant operational change, Clipper Fund announced and executed a 10-for-1 share split on May 9, 2025, to enhance share accessibility while maintaining its selective, long-term value strategy amid market transitions in economics, technology, and geopolitics; the fund reported strong performance, returning 11.07% in the first half of 2025 versus 6.20% for the S&P 500, with year-to-date returns of 23.12% as of November 30, 2025.