CFIMX Performance — Clipper Fund
Data updated: 2026-08-27
CFIMX returned +9.61% year to date and +25.76% over one year to Jun 2026. Annualised returns are +23.54% over 3 years and +11.79% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $189, against $158 for the category, and to $126 over one year, against $121. Volatility over the past three years was 13.50% a year. In the 12 months to Jun 2026 the fund took in a net $57.2M, and assets reached $1.48B.
CFIMX Growth of $100
What $100 invested in Clipper Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | CFIMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $126 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $189 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $175 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $256 | $223 |
CFIMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.61% |
| 1 year | +25.76% |
| 3 years (annualised) | +23.54% |
| 5 years (annualised) | +11.79% |
CFIMX Annual Returns
Calendar-year total returns of Clipper Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.61% |
| 2025 | +27.43% |
| 2024 | +19.50% |
| 2023 | +31.48% |
| 2022 | −18.74% |
| 2021 | +17.80% |
| 2020 | +9.96% |
| 2019 (Jul–Dec) | +10.92% |
CFIMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.6% | +0.2% | −4.4% | +8.5% | +1.7% | +1.0% | — | — | — | — | — | — |
| 2025 | +7.2% | −0.9% | −4.5% | −1.0% | +4.2% | +6.3% | +0.1% | +4.5% | +0.7% | +1.5% | +3.6% | +3.5% |
| 2024 | +1.6% | +6.7% | +4.3% | −3.8% | +4.0% | +1.2% | +1.5% | +0.4% | +1.6% | −0.9% | +6.9% | −5.0% |
| 2023 | +11.0% | −3.5% | −2.6% | +3.6% | +0.5% | +7.1% | +7.3% | −4.0% | −3.4% | −1.9% | +7.9% | +7.1% |
| 2022 | −0.2% | −3.4% | −0.6% | −10.0% | +2.9% | −9.8% | +5.1% | −3.5% | −9.6% | +5.4% | +10.0% | −4.4% |
| 2021 | −0.2% | +7.4% | +4.2% | +7.9% | +1.0% | −1.3% | −2.2% | +1.7% | −3.9% | +4.3% | −4.6% | +3.0% |
| 2020 | −0.2% | −7.3% | −19.1% | +13.4% | +2.1% | +1.6% | +5.0% | +6.5% | −4.1% | +0.8% | +11.3% | +3.9% |
| 2019 | — | — | — | — | — | — | +2.4% | −3.2% | +3.1% | +2.3% | +3.5% | +2.5% |
CFIMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.50%
- 3-year Sharpe ratio: 1.41 (vs 4.5% risk-free rate)
- Best month: +8.51% (Apr 2026)
- Worst month: −4.98% (Dec 2024)
CFIMX Fund Flows
Monthly money in and out of Clipper Fund, from SEC Form N-PORT.
- 12-month net flow: $57.2M
- 12-month gross sales (incl. reinvestments): $258.3M
- Sales ÷ redemptions: 1.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $90.8M | $41.5M | $49.3M |
| May 2026 | $9.4M | $13.6M | −$4.3M |
| Apr 2026 | $7.7M | $11.1M | −$3.4M |
| Mar 2026 | $5.9M | $8.8M | −$2.9M |
| Feb 2026 | $11.7M | $10.0M | $1.7M |
| Jan 2026 | $51.0M | $49.3M | $1.7M |
| Dec 2025 | $45.4M | $10.6M | $34.9M |
| Nov 2025 | $7.5M | $5.0M | $2.5M |
| Oct 2025 | $7.7M | $10.1M | −$2.4M |
| Sep 2025 | $7.8M | $6.2M | $1.7M |
| Aug 2025 | $8.1M | $12.4M | −$4.2M |
| Jul 2025 | $5.3M | $22.6M | −$17.3M |
CFIMX Assets Under Management
Net assets of Clipper Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.48B |
| 2026-03-31 | $1.34B |
| 2025-12-31 | $1.36B |
| 2025-09-30 | $1.25B |
| 2025-06-30 | $1.21B |
| 2025-03-31 | $1.13B |
| 2024-12-31 | $1.15B |
| 2024-09-30 | $1.18B |
| 2024-06-28 | $1.16B |
| 2024-03-31 | $1.18B |
| 2023-12-31 | $1.07B |
| 2023-09-30 | $964.56M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.