Mid-cap stocks refer to companies that are between $2 billion and $10 billion in market capitalization. These companies are between small-cap and large-cap sized companies. Below, we highlight some of the best performing mid-cap mutual funds of 2014. All data as of Nov. 30.
Fidelity® Mid Cap Value (FSMVX)
This fund was launched in 2001 and is managed by Court Dignan. The fund has $2.6 billion in assets under management (
AUM). The fund’s holdings are spread out among industries, with the largest sector being financial services. In 2014, this fund rose 10%.
Largest Holdings
| Symbol |
Company |
Portfolio Weight |
YTD Performance |
|
COF
|
Capital One
|
1.74%
|
+8%
|
|
ALL
|
Allstate
|
1.67%
|
+30%
|
|
CAH
|
Cardinal Health
|
1.61%
|
+25%
|
Capital One (COF) – Despite a volatile year, Capital One is on track to head into 2015 close to all-time-highs.
Allstate (ALL) – Allstate has been on a bull run since the end of 2011. This year has been another steady year for the company.
Cardinal Health (CAH) – After starting out 2014 with a decline, CAH was able to rebound into a 25% annual gain.
Lyrical U.S. Value Equity Fund (LYRIX)
This fund was launched in 2013 and is managed by Andrew B. Wellington. The fund currently has $565 million in assets under management. This fund has holdings in several industries, including technology, financial services and industrials. The fund is up 11%
YTD.
Largest Holdings
| Symbol |
Company |
Portfolio Weight |
YTD Performance |
|
AVGO
|
Avago Technologies Ltd
|
4.42%
|
+91%
|
|
RTN
|
Raytheon
|
4.21%
|
+21%
|
|
CVS
|
CVS Health
|
4.19%
|
+35%
|
Avago Technologies (AVGO) – Avago Technologies rose nearly 100% in 2014, primarily due to positive earnings.
Raytheon (RTN) – Although shares fell in the first half of 2014, the company saw an upside in the second half.
CVS Health (CVS) – CVS had a steady year in 2014, slightly outperforming its biggest competitor Walgreen Company (WAG).
Aquila Three Peaks Opportunity Growth (ATGAX)
This fund was launched in 1994 and is managed by Sandy R. Rufenacht and Zach Miller. The fund currently has $178 million in assets under management. The majority of the fund’s holdings are in the consumer cyclical and healthcare industries. The fund is up 15%
YTD.
Largest Holdings
| Symbol |
Company |
Portfolio Weight |
YTD Performance |
|
HCA
|
HCA Holdings
|
3.73%
|
+56%
|
|
SCI
|
Service Corp International
|
2.95%
|
+25%
|
|
NXPI
|
NXP Semiconductors NV
|
2.81%
|
+70%
|
HCA Holdings (HCA) –
HCA has had a steady year in 2014, but declined in October and November. Regardless of its drops, the stock is up over 50%
YTD.
Service Corp International (SCI) – SCI is a funeral services company. It has been on an upward trend for the last couple of years.
NXP Semiconductors NV (NXPI) – Despite a decline in October, this Netherlands-based company is up nearly 70% this year.
The Bottom Line
The funds above were a portion of the best performing mid-cap mutual funds in 2014. For the complete list,
click here.
