The Burney Master Portfolio

The Master Portfolio utilizes a classic investment approach with a focus on solid, undervalued stocks and expert stock selection.  Established at the company's founding in October 1974, its documented long-term performance is the result of the consistent application of Burney's proprietary analytical methods.


Though most material information is "efficiently" embedded in the price of a stock, the market makes systematic pricing errors that can be identified and exploited using quantitative techniques. Employing proprietary methods developed over the past half century, Burney analyzes a factor library containing over a thousand descriptors of a company's Growth, Valuation, Profitability, Safety, and Technical attributes. Factors associated with excess return are used in analytical models that score stocks based on their excess return potential.

We offer clients the option to have their portfolios managed to replicate the Master Portfolio.

Master Portfolio Performance Since Inception

This chart presents average annualized returns from October 21, 1974 to June 30, 2015.
The Burney Master Portfolio date of inception was October 21, 1974.

1 Burney Master Portfolio performance is presented net of commissions and management fees and reflects the reinvestment of dividends and capital gains. The S&P 500 index includes dividends, but not commission and management fee expenses. The Burney Master Portfolio was established to provide a measure of investment performance. It was initiated with the first ten stocks purchased for clients after the company’s founding in October 1974. For the Master Portfolio, an assumed $10,000 was invested in each of ten stocks on the day and at the price per share that each stock was first purchased for a client. Sales for the Master Portfolio were recorded when actual sales were executed for the client portfolios. Proceeds from sales were reinvested for the Master Portfolio in the same securities selected for client portfolios. This method of matching an actual client account transaction with a virtual transaction in the Master Portfolio remains the same. Past performance is not a guarantee of future results and there can be no assurance that the performances of personally tailored portfolios will equal that of the Master Portfolio. Equity investment includes the risk of loss. Portfolios with significant fixed income and money market investments have underperformed the Master. Furthermore, clients with personally managed portfolios do not own the same stocks that comprise the Master because some Master stocks may not fit the investment objectives and risk tolerance of the client.

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The Burney Advantage

While emotions often dominate in the short run, economic fundamentals drive stock prices over time.