Neil Woodford has lost money in 80% of the positions he has sold since freezing his flagship Equity Income fund, Bloomberg reports.
The former star fund manage took the biggest hit on shares he sold in Newriver, according to the calculations. Having spent around £181m building his stake in the real estate investment trust, Woodford managed to recoup just £131m when he unloaded the shares.
The two sales on which Woodford made a profit were his stakes in BCA Marketplace and Oakley Capital, which brought in £59.6m and £33.8m respectively. The analysis only covered investments where Woodford has sold off his entire stake.
A Woodford Investment Management spokesperson tells the news agency the fund still plans to reopen later this year, and "will continue to be focused on undervalued companies, and the majority of them will be FTSE 100 and FTSE 250 index constituents".
The Equity Income Fund was suspended in June after becoming overwhelmed by investor withdrawals. Link, which is overseeing the suspension, has said it expects the fund to reopen in early December.
Woodford has pledged that the fund will have a more liquid portfolio when it reopens, including more FTSE100 and FTSE250 companies.