Ken Fisher Fisher Asset Management
Ken Fisher is the founder and executive chairman of Fisher Investments, a global money management firm overseeing billions of dollars in assets. He gained early recognition for pioneering the use of the price-to-sales ratio in stock analysis and wrote the long-running “Portfolio Strategy” column in Forbes. Over the years, Fisher has authored numerous books on investing and wealth management, many of which have become bestsellers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PL
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.26% |
| 2 | Healthcare | 14.53% |
| 3 | Technology | 12.41% |
| 4 | Industrials | 7.4% |
| 5 | Consumer Discretionary | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETFC
226
DELISTED
E*Trade Financial Corporation
ETFC
| $11.8M | 0.03% |
521,098
+183,067
| +54% | +$4.02M |
|
|
TSS
227
DELISTED
Total System Services, Inc.
TSS
| $11.8M | 0.03% |
379,746
+33,080
| +10% | +$1.05M |
|
|
FMER
228
DELISTED
FIRSTMERIT CORP
FMER
| $11.7M | 0.03% |
666,546
-3,254,931
| -83% | -$58.7M |
|
229
Weyerhaeuser
WY
$18B
| $11.7M | 0.03% |
367,925
-58,300
| -14% | -$1.91M |
|
230
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
| $11.6M | 0.02% |
347,506
+15,474
| +5% | +$523K |
|
231
Globe Life
GL
$14.2B
| $11.4M | 0.02% |
217,343
+4,727
| +2% | +$255K |
|
232
Barclays
BCS
$92.7B
| $11.3M | 0.02% |
819,124
+786,559
| +2,415% | +$10.8M |
|
233
CVS Health
CVS
$133B
| $11.2M | 0.02% |
140,754
-14,611
| -9% | -$1.15M |
|
234
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $11.1M | 0.02% |
279,703
+28,564
| +11% | +$1.19M |
|
235
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $11.1M | 0.02% |
131,194
-1,815
| -1% | -$153K |
|
236
Synopsys
SNPS
$74.4B
| $10.9M | 0.02% |
273,722
+29,737
| +12% | +$1.18M |
|
237
Dana Inc
DAN
$2.9B
| $10.8M | 0.02% |
565,181
+50,741
| +10% | +$1.15M |
|
238
Northwest Natural Holdings
NWN
$2.06B
| $10.8M | 0.02% |
256,077
-7,555
| -3% | -$337K |
|
239
Hain Celestial
HAIN
$45M
| $10.7M | 0.02% |
208,210
-14,790
| -7% | -$688K |
|
240
ICICI Bank
IBN
$108B
| $10.5M | 0.02% |
+1,170,950
| New | +$10.9M |
|
241
M&T Bank
MTB
$35.7B
| $10.3M | 0.02% |
83,834
-6,229
| -7% | -$767K |
|
242
Emergent Biosolutions
EBS
$373M
| $10.3M | 0.02% |
483,328
+14,571
| +3% | +$334K |
|
243
Walmart Inc
WMT
$885B
| $9.95M | 0.02% |
390,348
-58,713
| -13% | -$1.48M |
|
244
Ross Stores
ROST
$80.5B
| $9.91M | 0.02% |
262,358
-2,472
| -0.9% | -$86K |
|
|
JNPR
245
DELISTED
Juniper Networks
JNPR
| $9.7M | 0.02% |
437,814
-63,570
| -13% | -$1.49M |
|
246
Omnicom Group
OMC
$21.6B
| $9.61M | 0.02% |
139,527
-10,595
| -7% | -$756K |
|
247
Prologis
PLD
$135B
| $9.5M | 0.02% |
252,097
-5,820
| -2% | -$236K |
|
248
Valero Energy
VLO
$90.1B
| $9.39M | 0.02% |
202,995
+2,348
| +1% | +$118K |
|
249
Northern Trust
NTRS
$33.3B
| $9.37M | 0.02% |
137,765
-8,996
| -6% | -$605K |
|
|
SIAL
250
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $9.22M | 0.02% |
67,789
-4,250
| -6% | -$452K |
|
Similar funds
Ken Fisher's Q3 2014 Portfolio in Review
As of Q3 2014, Ken Fisher held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Ken Fisher's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Ken Fisher fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Ken Fisher's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Ken Fisher opened 47 new positions and closed 61 in Q3 2014.
- Ken Fisher's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.