The Best and Worst Investments of 2013

By Ben Steverman - 2013-12-06T18:41:13Z

Photograph by Chip Somodevilla/Getty Images

Company Symbol % Change
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Best U.S. Large-Cap Stock

Fannie Mae


American taxpayers won big when shares of Fannie Mae (FNMA) increased tenfold in 2013. In 2008, the mortgage financier, which along with Freddie Mac buys up two-thirds of all new home loans, lost 98 percent of its equity value and was bailed out by the U.S. government. The U.S. still owns almost 80 percent of the company, and Congress, the White House and activist investors like Bill Ackman are full of competing ideas for its future. It's a "dynamic situation where the opportunity for profit is to make multiples of your money," said Ackman, whose Pershing Square owns 2 percent of Fannie. 

Of 458 stocks on U.S. exchanges with market capitalizations of more than $10 billion.