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 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$437M |
| 2 |
Lloyds Banking Group
LYG
|
+$371M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$207M |
| 4 |
Vanguard S&P 500 ETF
VOO
|
+$146M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$51.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$290M |
| 2 |
Cisco
CSCO
|
+$272M |
| 3 |
PepsiCo
PEP
|
+$268M |
| 4 |
Apple
AAPL
|
+$139M |
| 5 |
ABV
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.72% |
| 2 | Technology | 12.76% |
| 3 | Healthcare | 12.06% |
| 4 | Consumer Discretionary | 7.83% |
| 5 | Industrials | 7.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
OSI Systems
OSIS
$3.65B
| $5M | 0.01% |
94,060
-11,950
| -11% | -$818K |
|
277
Essex Property Trust
ESS
$18.3B
| $4.99M | 0.01% |
34,780
-675
| -2% | -$104K |
|
278
Vanguard Industrials ETF
VIS
$8.1B
| $4.94M | 0.01% |
49,348
+26,445
| +115% | +$2.5M |
|
279
Diageo
DEO
$49B
| $4.93M | 0.01% |
37,231
-14,695
| -28% | -$1.88M |
|
280
Ultrapar
UGP
$6.95B
| $4.46M | 0.01% |
377,340
-96,850
| -20% | -$1.23M |
|
|
TRW
281
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $4.38M | 0.01% |
58,900
-40
| -0.1% | -$3.01K |
|
282
Progress Software
PRGS
$1.66B
| $3.89M | 0.01% |
150,500
| – | – |
|
283
Columbia Sportswear
COLM
$3.04B
| $3.81M | 0.01% |
96,800
| – | – |
|
|
TIBX
284
DELISTED
TIBCO SOFTWARE INC
TIBX
| $3.7M | 0.01% |
164,672
| – | – |
|
285
Jabil
JBL
$33B
| $3.66M | 0.01% |
209,920
| – | – |
|
286
D.R. Horton
DHI
$40B
| $3.58M | 0.01% |
160,500
+200
| +0.1% | +$3.86K |
|
|
ALJ
287
DELISTED
Alon USA Energy Inc
ALJ
| $3.54M | 0.01% |
214,000
-250
| -0.1% | -$3.16K |
|
|
LM
288
DELISTED
Legg Mason, Inc.
LM
| $3.3M | 0.01% |
75,900
+15,100
| +25% | +$586K |
|
289
Weis Markets
WMK
$1.91B
| $3.23M | 0.01% |
61,550
+200
| +0.3% | +$10.1K |
|
|
HOLX
290
DELISTED
Hologic
HOLX
| $3.2M | 0.01% |
143,200
| – | – |
|
291
CONMED
CNMD
$1.39B
| $3.15M | 0.01% |
74,200
-17,200
| -19% | -$654K |
|
292
Philip Morris
PM
$297B
| $3M | 0.01% |
34,470
-52,025
| -60% | -$4.54M |
|
293
Vodafone
VOD
$36.3B
| $2.95M | 0.01% |
73,643
-327,010
| -82% | -$12.3M |
|
294
Charles River Laboratories
CRL
$11.2B
| $2.88M | 0.01% |
54,280
+1,880
| +4% | +$94.4K |
|
295
Check Point Software Technologies
CHKP
$13B
| $2.87M | 0.01% |
44,440
+40
| +0.1% | +$2.4K |
|
296
Fidelity National Financial
FNF
$13.9B
| $2.84M | 0.01% |
153,434
| – | – |
|
297
Fluor
FLR
$7.01B
| $2.83M | 0.01% |
35,314
+1,824
| +5% | +$139K |
|
|
NSANY
298
DELISTED
NISSAN MOTOR CO LTD SPONS ADR
NSANY
| $2.71M | 0.01% |
160,888
-9,967
| -6% | -$168K |
|
299
AT&T
T
$159B
| $2.49M | 0.01% |
93,797
-82,315
| -47% | -$2.17M |
|
|
NAB
300
DELISTED
NATL AUSTRALIA BK LTD ADS5
NAB
| $2.44M | 0.01% |
78,398
-34,314
| -30% | -$1.07M |
|
Similar funds
Ken Fisher's Q4 2013 Portfolio in Review
As of Q4 2013, Ken Fisher held 595 positions worth $44.1B, up 8.7% from $40.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q4 2013 filing shows 61 new, 130 increased, 291 reduced and 34 closed positions. Its largest new stake was Lloyds Banking Group: 73,965,265 shares worth $393M. The largest sale was Oracle, an estimated $290M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2013 buy was Lloyds Banking Group: 73,965,265 shares worth $393M.
- Ken Fisher added most to SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2013, an estimated $437M increase.
- Ken Fisher's biggest Q4 2013 reduction was Oracle, cutting an estimated $290M.
- Ken Fisher fully exited COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH in Q4 2013, selling an estimated $80.2M.
- Ken Fisher's ten largest holdings make up 23% of its $44.1B portfolio in Q4 2013.
- Ken Fisher opened 61 new positions and closed 34 in Q4 2013.
- Ken Fisher's portfolio value rose 8.7% quarter-over-quarter to $44.1B.
Based on Fisher Asset Management's 13F filing for Q4 2013, filed 14 Jan 2014.