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 | |
|---|---|---|---|---|---|---|
|
CVC
301
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $2.33M | 0.01% |
129,700
| – | – |
|
302
PVH
PVH
$4B
| $2.26M | 0.01% |
16,630
-10,400
| -38% | -$1.32M |
|
303
Republic Services
RSG
$64.8B
| $2.18M | ﹤0.01% |
65,755
-1,145
| -2% | -$38.8K |
|
|
WRI
304
DELISTED
Weingarten Realty Investors
WRI
| $2.13M | ﹤0.01% |
77,659
| – | – |
|
305
Horace Mann Educators
HMN
$2.1B
| $2.08M | ﹤0.01% |
65,925
| – | – |
|
|
BBBY
306
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.98M | ﹤0.01% |
24,710
+875
| +4% | +$67.7K |
|
|
GLF
307
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.98M | ﹤0.01% |
41,900
| – | – |
|
308
British American Tobacco
BTI
$131B
| $1.94M | ﹤0.01% |
36,064
-1,184,498
| -97% | -$63M |
|
|
BEAV
309
DELISTED
B/E Aerospace Inc
BEAV
| $1.9M | ﹤0.01% |
30,106
| – | – |
|
310
Affiliated Managers Group
AMG
$9.69B
| $1.78M | ﹤0.01% |
8,201
+26
| +0.3% | +$5.19K |
|
311
Camden Property Trust
CPT
$11B
| $1.74M | ﹤0.01% |
30,631
+154
| +0.5% | +$9.38K |
|
312
Altria Group
MO
$114B
| $1.72M | ﹤0.01% |
44,800
-4,393
| -9% | -$162K |
|
313
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $1.7M | ﹤0.01% |
9,216
-2,659
| -22% | -$471K |
|
|
TECD
314
DELISTED
Tech Data Corp
TECD
| $1.68M | ﹤0.01% |
32,455
| – | – |
|
315
Berkshire Hathaway Class A
BRK.A
$1.1T
| $1.6M | ﹤0.01% |
9
-1
| -10% | -$173K |
|
316
Stryker
SYK
$125B
| $1.49M | ﹤0.01% |
19,889
+11,889
| +149% | +$867K |
|
|
ACC
317
DELISTED
American Campus Communities, Inc.
ACC
| $1.48M | ﹤0.01% |
45,900
| – | – |
|
318
Church & Dwight Co
CHD
$23.4B
| $1.33M | ﹤0.01% |
40,288
+88
| +0.2% | +$2.83K |
|
319
ConocoPhillips
COP
$147B
| $1.31M | ﹤0.01% |
18,610
-4,588
| -20% | -$329K |
|
320
iShares Russell 2000 Value ETF
IWN
$14.3B
| $1.29M | ﹤0.01% |
12,955
+1,695
| +15% | +$162K |
|
321
Franklin Resources
BEN
$17.6B
| $1.27M | ﹤0.01% |
22,067
+2
| +0% | +$108 |
|
|
PETM
322
DELISTED
PETSMART INC
PETM
| $1.27M | ﹤0.01% |
17,500
| – | – |
|
323
PPG Industries
PPG
$24.6B
| $1.26M | ﹤0.01% |
13,276
-912
| -6% | -$82.2K |
|
324
General Dynamics
GD
$104B
| $1.24M | ﹤0.01% |
13,005
+2,015
| +18% | +$180K |
|
325
Verizon
VZ
$195B
| $1.16M | ﹤0.01% |
23,548
+1,470
| +7% | +$72.3K |
|
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.