(To see what I did, "quote" this post; that will show you the HTML.)
https://ibb.co/DVX5yDM

Name				 Ticker	  %TR YTD   %TR 5 Year   %TR 10 Year
William Blair Large Cap Growth I LCGFX 	  -21.08       19.62	    16.55
Akre Focus Retail 		 AKREX 	  -18.4        16.49	    15.23
Jensen Quality Growth J 	 JENSX 	  -12.88       15.57	    14.59
Parnassus Core Equity Investor 	 PRBLX 	  -11.95       14.79	    14.42
Vanguard 500 Index Investor 	 VFINX 	  -11.65       14.05	    14.08
Vanguard Health Care Inv 	 VGHCX 	   -9.13        9.59	    13.84
Conestoga Small Cap Investors 	 CCASX 	  -18.81       14.2	    13.59
Grandeur Peak Global Opp Inv 	 GPGOX 	  -22.38       13.17	    12.94
Mairs & Power Small Cap 	 MSCFX 	  -10.37        7.86	    12.41
T. Rowe Price Capital App	 PRWCX 	   -7.79       12.25	    12.16
T. Rowe Price Mid-Cap Value 	 TRMCX 	   -1.1         9.49	    12.06
Wedgewood Retail 	  	 RWGFX 	  -19.05       14.82	    12.04
Artisan Small Cap Investor 	 ARTSX 	  -26.13       12.73	    11.89
AMG Yacktman Focused N 	  	 YAFFX 	   -5.99       12.17	    11.59
AMG Yacktman I 	  	  	 YACKX 	   -5.55       12	    11.54
Manning & Napier Disc Value I 	 MNDFX 	   -5.1        10.6	    11.42
Meridian Growth Legacy 	  	 MERDX 	  -15.53       11.6	    11.3
T. Rowe Price Small-Cap Value 	 PRSVX 	  -11.01        9.61	    11.11
Amana Income Investor 	  	 AMANX 	  -11.49       10.97	    11.03
Walthausen Small Cap Value 	 WSCVX 	   -7.27        7.06	    10.32
Osterweis 	  	  	 OSTFX 	  -13.03       11.42	    10.31
Fidelity Advisor® Small Cap I	 FSCIX 	  -16.18        9.97	    10.07
FPA Queens Road Small Cap Value  QRSVX 	   -6.81        9.64	    9.68
Fairholme 	  	  	 FAIRX 	    4.21       10.44	    9.44
Vanguard Balanced Index Inv 	 VBINX 	   -9.02        9.39	    9.24
Auxier Focus Inv	 	 AUXFX 	   -5.04        9.24	    9.23
Janus Henderson Small Cap Val T	 JSCVX 	   -7.67        5.1	    8.66
Oakmark Equity And Income Inv	 OAKBX 	   -6.33        8.2	    8.46
Artisan International Value Inv	 ARTKX 	  -10.86        6.98	    8.35
DCM/INNOVA High Eq Inc Innovt	 TILDX 	  -12.74        7.52	    7.98
FPA Crescent	 	 	 FPACX 	   -8.32        6.96	    7.96

Name Ticker "%TR YTD" "% TR 5 Year" "%TR 10 Year"
William Blair Large Cap Growth I LCGFX -21.08 19.62 16.55
Akre Focus Retail AKREX -18.4 16.49 15.23
Jensen Quality Growth J JENSX -12.88 15.57 14.59
Parnassus Core Equity Investor PRBLX -11.95 14.79 14.42
Vanguard 500 Index Investor VFINX -11.65 14.05 14.08
Vanguard Health Care Inv VGHCX -9.13 9.59 13.84
Conestoga Small Cap Investors CCASX -18.81 14.2 13.59
Grandeur Peak Global Opportunities InvGPGOX -22.38 13.17 12.94
Mairs & Power Small Cap MSCFX -10.37 7.86 12.41
T. Rowe Price Capital Appreciation PRWCX -7.79 12.25 12.16
T. Rowe Price Mid-Cap Value TRMCX -1.1 9.49 12.06
Wedgewood Retail RWGFX -19.05 14.82 12.04
Artisan Small Cap Investor ARTSX -26.13 12.73 11.89
AMG Yacktman Focused N YAFFX -5.99 12.17 11.59
AMG Yacktman I YACKX -5.55 12 11.54
Manning & Napier Disciplined Value I MNDFX -5.1 10.6 11.42
Meridian Growth Legacy MERDX -15.53 11.6 11.3
T. Rowe Price Small-Cap Value PRSVX -11.01 9.61 11.11
Amana Income Investor AMANX -11.49 10.97 11.03
Walthausen Small Cap Value WSCVX -7.27 7.06 10.32
Osterweis OSTFX -13.03 11.42 10.31
Fidelity Advisor® Small Cap I FSCIX -16.18 9.97 10.07
FPA Queens Road Small Cap Value QRSVX -6.81 9.64 9.68
Fairholme FAIRX 4.21 10.44 9.44
Vanguard Balanced Index Inv VBINX -9.02 9.39 9.24
Auxier Focus Inv AUXFX -5.04 9.24 9.23
Janus Henderson Small Cap Value T JSCVX -7.67 5.1 8.66
Oakmark Equity And Income Investor OAKBX -6.33 8.2 8.46
Artisan International Value Investor ARTKX -10.86 6.98 8.35
DCM/INNOVA High Eq Inc Innovt TILDX -12.74 7.52 7.98
FPA Crescent FPACX -8.32 6.96 7.96

This is timely because I just happened to turn on CNBC when a former manager-of-the-year was getting undeserved air time. David Rolfe, whose principal claim to fame these days is the enormous distributions his Wedgewood Growth fund is paying, used to manage about $2B; today the fund's AUM amount to $260M. The suggestion to click on M*'s fund pdf page (in a discussion from way back) does show historical AUM, but the numbers for RWGFX make no sense. Here's a link:
https://members.morningstar.com/accessPdf/getPdf.aspx?sourcecode=PR8013&pdfName=RWGFX
I wondered how a manager would have to pay out so much in distributions. The answer is that the rats have been abandoning ship. A glance at the Premium portfolio holdings tab shows that Rolfe has been selling from every single position in America's best growth stocks. And M* says to stick with him! A one star, bronze rated fund is now on sale.

Unfortunately or not, David Rolfe's RWGFX, a fund previously excoriated on this board, did not make the $1B AUM cutoff used by M* for this article. Its poor performance might have given lie to the proposition that "investing like Buffett" pays off. RWGFX holds more than 17% in BRK and AAPL, its top two positions, but still has been demoted to one-star status by M*. Rolfe got an interview on CNCB this AM because of his big Apple stake; the handsome man was not queried as to how his fund has done since a blow-out year in 2009. He did say that Buffett might buy more AAPL.

Certainly the last 3 years have been subpar. But Rolfe's selective approach to equities isn't always going to be aligned with the overall market. Their 10 yr return still holds up due to their outperformance in 2009.
You can peruse longer term returns (~25 years) for the overall strategy on the fact sheet posted on their institutional site.
Wedgewood Fact Sheet

You obviously hold the fund and know more than me re. RWGFX and RWGIX. Morningstar shows inception in late 2010. Is the fact sheet performance information then based on the manager's track record before being offered to the public. And isn't that the point. That when an institutional manager with a great track opens a fund to the public........ It looks like it did well the first two years it was open to the public (the new fund effect) and then subpar vs its benchmark. It has made money for sure but isn't this just another example of passive beating active?

@brbrock: Funds is in the 91-99 percentile 1wk.-5yr., "he sounds like just the guy I want looking over my money." Right, he's looking over it, losing it right and left.
Regards,
Ted
RWGFX Performance Since Inception:
http://performance.morningstar.com/fund/performance-return.action?t=RWGFX&region=usa&culture=en_US

I have RWGFX and RSIVX in IRA. SEEDX I never did sell, and sold SCMFX itself. Now that I remember, SCMFX was my biggest blunder.

Best: DSENX, SFGIX, Grandeur Peak, RPHYX
Disappointments: SEEDX, RWGFX, FOBAX, RSIVX

Best: FMIJX
Worst: ARTWX
DisHonorable mention: RWGFX (still own it though, been eyeing swapping it back for an index or DSENX)

ARTWX - WTF is wrong with it I don't get. I think it is worst fund YTD in World Stock category. I would have thought it was 3-alarm already.
Marc Yockey has been lame for a while now. I had surmised ARTHX and ARTGX were started to distract people from his ARTIX performance. Now things catching up with him on all fronts. His international picks are sucking wind. Does not help that ARTGX has almost 80% in international.
What is distressing is seeing RWGFX on the list. FAIRX I don't mind.

FYI - ARTHX was not even Yockey's until he took it over from Barry Dargan in 2013. Yes, I know what M* says, but Yockey was not in charge of the fund prior to Mr. Dargan leaving Artisan.

ARTWX - WTF is wrong with it I don't get. I think it is worst fund YTD in World Stock category. I would have thought it was 3-alarm already.
Marc Yockey has been lame for a while now. I had surmised ARTHX and ARTGX were started to distract people from his ARTIX performance. Now things catching up with him on all fronts. His international picks are sucking wind. Does not help that ARTGX has almost 80% in international.
What is distressing is seeing RWGFX on the list. FAIRX I don't mind.

In situations like right now, I sell my "least conviction" funds, then if I think this may not be a dead cat bounce, I buy my "high conviction" funds. By that I don't mean I buy what I think might go down more or what I might go up more. I mean those funds I never bought as a long term hold, and those funds which would be the last funds I would sell.
So I sold some SCMFX, bought some FPACX. I sold some RWGFX, bought some AUXFX. No one went broke paying taxes and no one fretted about not making enough money in the market. Au contraire, I still feel like puking when I remember how stupid I was in 2000-2002 and will never get over it.
Hindsight is always 20-20. No one can predict the future. Make decisions in the present and be at peace with yourself they are the right ones. Don't let anyone tell you 5 years later you made a mistake. If they do, slap them.
Lesson for investing. Lesson for life.

I'm keeping RWGFX, which I bought when I became concerned about valuation. I think that as long as the bull market continues (which I assume will be at least a year) that they will underperform, but that between now and the bottom of the next bear they'll outperform. So if you're buying for outperformance in the next year I'd say don't keep them. Over the longer term or if you don't want to worry about timing, I'd say they're keepers.

As I recall @David_Snowball said something about three bad years in a row being a good indicator that things weren't going to come back. But it seems to me that the fund is performing as advertised. As is RWGFX.

Please clarify if you mean both funds are keepers or otherwise.

As I recall @David_Snowball said something about three bad years in a row being a good indicator that things weren't going to come back. But it seems to me that the fund is performing as advertised. As is RWGFX.

Hats off to...

David A. Rolfe, chief investment officer of Wedgewood Partners and manager of the $1.9 billion RiverPark/Wedgewood Fund (RWGFX)

Just noted: "RIVERPARK LOWERS MINIMUM INVESTMENT ON INSTITUTIONAL SHARES OF ITS MUTUAL FUND FAMILY TO $100,000 FROM $1 MILLION"
http://www.riverparkfunds.com/downloads/News/RiverPark_Lowers_Institutional_Share_Class_Investment_Minimums.pdf
For those who didn't want to pay the Schwab fee, it seems the RiverPark folks have made the Institutional shares somewhat easier to reach if you buy the shares directly from RiverPark.
RPXIX RiverPark Large Growth Fund Class Institutional
RPXFX RiverPark Large Growth Fund Class Retail
RLSIX RiverPark Long/Short Opportunity Instl
RLSFX RiverPark Long/Short Opportunity Retail
RPHIX RiverPark Short Term High Yield Fund Class Institutional
RPHYX RiverPark Short Term High Yield Fund Class Retail
RSIIX RiverPark Strategic Income Fund Institutional Class
RSIVX RiverPark Strategic Income Fund Retail Class
RSAIX RiverPark Structural Alpha Fund Institutional Class
RSAFX RiverPark Structural Alpha Fund Retail Class
RGHVX RiverPark/Gargoyle Hedged Value Fund Retail Class
RGHIX RiverPark/Gargoyle Hedged Value Instl
RWGIX RiverPark/Wedgewood Fund Class Institutional
RWGFX RiverPark/Wedgewood Fund Class Retail

The reason I am interested in RWGFX is it's focus strategy and long term track record.

I owned RWGFX in my Roth IRA. Switched the entire position last year to River Park Large Growth (RPXFX), managed by Mitch Rubin.

RPXFX has done pretty well, with roughly the same performance as RWGFX although the portfolio is quite different. But what about RiverPark's Small Cap Fund, which was also managed by Mitch Rubin? Its performance was terrible and the fund ended up closing.
Ideally I would want a fund that is not too large, but also not too small to be unsustainable. RPXFX performance is similar to RWGFX, but has fallen way behind in attracting assets for some reason. I don't think its in danger of closing, but I'm sure the managers would prefer to be in at least the $100m+ range. And as I mentioned in my other post, a large cap fund can easily have billions in assets without noticeably affecting its strategy.

I prefer a fund with a small asset base (58 mil), especially given the sudden in-flows into RWGFX. RWGFX is very concentrated.

I don't think asset base is as much of an issue for large cap funds. According to Morningstar, RWGFX has $1.5 billion under management, concentrated in around 20 stocks, meaning they put an average of $75 million in each holding.
That might sound like a lot, but consider that the average market cap of their holdings is over $58 billion. That means that if they put $75 million in each of their 20 holdings, each one would represents only an average of 0.1% of that company's outstanding stock. That doesn't seem too much that it significantly move the needle, given the huge size and trading volume of these companies.
By contrast, FAIRX has over $8 billion under management, spread over only 9 holdings. Now that might be a little scary.