Meet the Best Investor No One's Ever Heard Of

Mark Mulholland's mutual fund is built on scripture—and a little help from Apple
By Ruth Brown,  Newser Staff
Posted Mar 31, 2013 4:15 PM CDT
Mark Mulholland, a portfolio manager of the Matthew 25 mutual fund.   (AP Photo/The Matthew 25 Fund, Ann Mullholland)

(Newser) – One of the top mutual funds in the country is built on faith. That's faith in a higher power—it's not called the Matthew 25 Fund for nothing—and also faith that its assets would recover from a 2008 low of $22 million, down from $115 million. Well, either God or the market has come through for fund manager and founder Mark Mulholland: It's now worth $452 million and is ranked the No. 1 mutual fund in the diversified stock category by Bloomberg. "Mark is the best investor around that no one has ever heard of," says one of the fund's investors.

Matthew 25:14-30 instructs people to invest what they've been given, and that's exactly what Mulholland has done, says Barron's. He bought shares in Apple, its largest holding, at $80 to $128 each in 2008. Today, they're trading at around $445. The fund has returned almost 27% over three years. Mulholland never lost the faith: "The companies we owned were so cheap that barring a total collapse of the economic system, I knew at some point we were going to make a lot of money," he says. (Read more Matthew 25 Fund stories.)

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