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 | |
|---|---|---|---|---|---|---|
276
Essex Property Trust
ESS
$18.1B
| $6.41M | 0.01% |
34,658
+318
| +0.9% | +$56.3K |
|
277
Littelfuse
LFUS
$11.2B
| $6.39M | 0.01% |
68,745
+8,500
| +14% | +$778K |
|
278
Nucor
NUE
$58.5B
| $6.36M | 0.01% |
129,048
+24,647
| +24% | +$1.26M |
|
279
Haemonetics
HAE
$3.85B
| $6.27M | 0.01% |
177,645
+30,200
| +20% | +$1.01M |
|
280
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $6.14M | 0.01% |
116,270
-6,300
| -5% | -$332K |
|
281
Toronto Dominion Bank
TD
$198B
| $6.14M | 0.01% |
119,378
+3,568
| +3% | +$173K |
|
282
Autodesk
ADSK
$49.6B
| $5.96M | 0.01% |
105,686
+3,786
| +4% | +$192K |
|
|
DASTY
283
DELISTED
DASSAULT SYSTEMES SA ADR
DASTY
| $5.92M | 0.01% |
46,019
+895
| +2% | +$115K |
|
284
J&J Snack Foods
JJSF
$1.44B
| $5.87M | 0.01% |
62,325
| – | – |
|
|
DATA
285
DELISTED
Tableau Software, Inc.
DATA
| $5.5M | 0.01% |
+77,080
| New | +$4.83M |
|
286
AB InBev
BUD
$166B
| $5.42M | 0.01% |
47,128
+1,465
| +3% | +$161K |
|
|
TIBX
287
DELISTED
TIBCO SOFTWARE INC
TIBX
| $5.38M | 0.01% |
266,928
+104,856
| +65% | +$2.09M |
|
|
LNCE
288
DELISTED
Snyders-Lance, Inc.
LNCE
| $5.22M | 0.01% |
197,400
-21,800
| -10% | -$587K |
|
289
Ericsson
ERIC
$32.1B
| $5.18M | 0.01% |
428,636
+9,649
| +2% | +$120K |
|
|
LPT
290
DELISTED
Liberty Property Trust
LPT
| $4M | 0.01% |
105,515
-66,545
| -39% | -$2.52M |
|
291
Columbia Sportswear
COLM
$3.21B
| $3.61M | 0.01% |
87,400
| – | – |
|
|
LM
292
DELISTED
Legg Mason, Inc.
LM
| $3.53M | 0.01% |
68,800
-20
| -0% | -$964 |
|
293
D.R. Horton
DHI
$40.7B
| $3.46M | 0.01% |
140,650
-5,095
| -3% | -$116K |
|
|
NSANY
294
DELISTED
NISSAN MOTOR CO LTD SPONS ADR
NSANY
| $3.42M | 0.01% |
180,482
+14,493
| +9% | +$275K |
|
|
TRW
295
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $3.38M | 0.01% |
37,717
-17,575
| -32% | -$1.47M |
|
296
Edgewell Personal Care
EPC
$1.26B
| $3.31M | 0.01% |
36,558
-30,858
| -46% | -$2.54M |
|
297
KB Financial Group
KB
$42.5B
| $3.3M | 0.01% |
94,873
+7,690
| +9% | +$268K |
|
298
Vanguard Industrials ETF
VIS
$8.04B
| $3.3M | 0.01% |
31,633
-20,404
| -39% | -$2.09M |
|
|
HOLX
299
DELISTED
Hologic
HOLX
| $3.27M | 0.01% |
129,100
| – | – |
|
|
ALJ
300
DELISTED
Alon USA Energy Inc
ALJ
| $3.25M | 0.01% |
261,419
+70,019
| +37% | +$1.04M |
|
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.