From Dow Jones & Company:

The GoodHaven Fund has transformed from an underperformer to an outperformer since late 2019, following a change in strategy. Managed by Larry Pitkowsky, the fund now holds a four-star rating and has performed better than the S&P 500. Holding high return-on-capital companies and focusing on avoiding structurally challenged businesses has been key to the fund’s recent success. Top stock holdings include Bank of America, Alphabet Inc., and Builders FirstSource Inc. They also hold Lennar’s Class B shares, which they believe offer more value than the Class A shares. Overall, the fund has been successful in turning its performance around and achieving strong results for investors.



Read more: This fund manager stopped worrying about economics. He’s outperforming the market.