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 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$499M |
| 2 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$479M |
| 3 |
Merck
MRK
|
+$328M |
| 4 |
BAY
BAYER AG SPONS ADR
BAY
|
+$287M |
| 5 |
Lloyds Banking Group
LYG
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$958M |
| 2 |
IBM
IBM
|
+$565M |
| 3 |
McDonald's
MCD
|
+$502M |
| 4 |
CSE
CAPITALSOURCE INC
CSE
|
+$95.8M |
| 5 |
PL
PROTECTIVE LIFE CORP
PL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Technology | 12.13% |
| 4 | Industrials | 7.64% |
| 5 | Consumer Discretionary | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Northern Trust
NTRS
$22.4B
| $9.42M | 0.02% |
146,761
-2,224
| -1% | -$137K |
|
252
IPG Photonics
IPGP
$3.6B
| $9.29M | 0.02% |
135,099
+36,964
| +38% | +$2.49M |
|
|
RDS.A
253
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $9.16M | 0.02% |
111,194
+2,748
| +3% | +$215K |
|
254
Ross Stores
ROST
$81B
| $8.76M | 0.02% |
264,830
-26,048
| -9% | -$894K |
|
255
Fair Isaac
FICO
$26.4B
| $8.38M | 0.02% |
131,440
+32,630
| +33% | +$1.86M |
|
256
CF Industries
CF
$19.3B
| $8.33M | 0.02% |
173,160
-3,125
| -2% | -$153K |
|
257
Unum
UNM
$13.7B
| $8.21M | 0.02% |
236,051
-31,934
| -12% | -$1.09M |
|
258
iShares Global Tech ETF
IXN
$8.34B
| $8.14M | 0.02% |
549,228
+33,648
| +7% | +$482K |
|
259
Cincinnati Financial
CINF
$26.8B
| $8.08M | 0.02% |
168,260
-29,002
| -15% | -$1.41M |
|
260
Ultrapar
UGP
$6.9B
| $7.96M | 0.02% |
674,696
-8,050
| -1% | -$99.2K |
|
261
TechnipFMC
FTI
$27.5B
| $7.86M | 0.02% |
172,986
-2,890
| -2% | -$122K |
|
|
CHL
262
DELISTED
China Mobile Limited
CHL
| $7.83M | 0.02% |
161,119
+1,219
| +0.8% | +$58.5K |
|
263
Halozyme
HALO
$9.88B
| $7.82M | 0.02% |
+791,760
| New | +$6.72M |
|
264
Ziff Davis
ZD
$1.94B
| $7.54M | 0.02% |
170,516
+23,287
| +16% | +$972K |
|
265
Genpact
G
$5.99B
| $7.51M | 0.02% |
428,215
-59,050
| -12% | -$1.01M |
|
|
SIAL
266
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $7.31M | 0.02% |
72,039
-1,150
| -2% | -$112K |
|
|
ETFC
267
DELISTED
E*Trade Financial Corporation
ETFC
| $7.19M | 0.02% |
+338,031
| New | +$7.11M |
|
268
Hyster-Yale Materials Handling
HY
$600M
| $7.12M | 0.02% |
80,389
+29,824
| +59% | +$2.71M |
|
269
Banco Santander
SAN
$202B
| $7.07M | 0.01% |
747,093
+67,293
| +10% | +$618K |
|
|
LL
270
DELISTED
LL Flooring Holdings, Inc.
LL
| $6.99M | 0.01% |
92,014
+48,914
| +113% | +$4.06M |
|
271
Movado Group
MOV
$849M
| $6.98M | 0.01% |
167,498
+24,300
| +17% | +$981K |
|
|
CA
272
DELISTED
CA, Inc.
CA
| $6.89M | 0.01% |
239,671
-30,400
| -11% | -$900K |
|
273
Cooper Companies
COO
$14.2B
| $6.72M | 0.01% |
198,436
-5,764
| -3% | -$190K |
|
274
Teradyne
TER
$57.2B
| $6.49M | 0.01% |
331,000
-282,001
| -46% | -$5.25M |
|
275
Viavi Solutions
VIAV
$8.65B
| $6.44M | 0.01% |
907,692
+138,970
| +18% | +$945K |
|
Similar funds
Ken Fisher's Q2 2014 Portfolio in Review
As of Q2 2014, Ken Fisher held 668 positions worth $47.6B, up 7.3% from $44.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher deployed $2.03B of net new capital in Q2 2014, opening 82 new positions and adding to 273 existing holdings. Its largest new stake was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, an estimated $958M trimmed.
- Ken Fisher's largest Q2 2014 buy was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
- Ken Fisher added most to Merck in Q2 2014, an estimated $328M increase.
- Ken Fisher's biggest Q2 2014 reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, cutting an estimated $958M.
- Ken Fisher fully exited CAPITALSOURCE INC in Q2 2014, selling an estimated $95.8M.
- Ken Fisher's ten largest holdings make up 23% of its $47.6B portfolio in Q2 2014.
- Ken Fisher opened 82 new positions and closed 70 in Q2 2014.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $47.6B.
Based on Fisher Asset Management's 13F filing for Q2 2014, filed 25 Jul 2014.