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 |
Apple
AAPL
|
+$92.2M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$83.3M |
| 3 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$76M |
| 4 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$45.3M |
| 5 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$44.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$208M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$150M |
| 3 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$66.6M |
| 4 |
OVTI
OMNIVISION TECHNOLOGIES INC
OVTI
|
+$48.3M |
| 5 |
CEO
CNOOC Limited
CEO
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.85% |
| 2 | Technology | 12.89% |
| 3 | Healthcare | 12.55% |
| 4 | Industrials | 7.74% |
| 5 | Consumer Discretionary | 7.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Weis Markets
WMK
$1.91B
| $2.73M | 0.01% |
55,450
-6,100
| -10% | -$303K |
|
|
NAB
302
DELISTED
NATL AUSTRALIA BK LTD ADS5
NAB
| $2.58M | 0.01% |
157,160
+78,762
| +100% | +$1.29M |
|
303
Fluor
FLR
$7.01B
| $2.55M | 0.01% |
32,765
-2,549
| -7% | -$199K |
|
304
Fidelity National Financial
FNF
$13.9B
| $2.46M | 0.01% |
136,969
-16,465
| -11% | -$297K |
|
305
Philip Morris
PM
$297B
| $2.18M | ﹤0.01% |
26,634
-7,836
| -23% | -$633K |
|
|
WRI
306
DELISTED
Weingarten Realty Investors
WRI
| $2.1M | ﹤0.01% |
69,859
-7,800
| -10% | -$230K |
|
307
Republic Services
RSG
$64.8B
| $2.09M | ﹤0.01% |
61,250
-4,505
| -7% | -$149K |
|
308
Camden Property Trust
CPT
$11B
| $2.05M | ﹤0.01% |
30,477
-154
| -0.5% | -$9.83K |
|
|
CVC
309
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $2.02M | ﹤0.01% |
119,500
-10,200
| -8% | -$171K |
|
310
AT&T
T
$159B
| $1.97M | ﹤0.01% |
74,496
-19,301
| -21% | -$485K |
|
|
TECD
311
DELISTED
Tech Data Corp
TECD
| $1.97M | ﹤0.01% |
32,280
-175
| -0.5% | -$9.7K |
|
312
Horace Mann Educators
HMN
$2.1B
| $1.91M | ﹤0.01% |
65,925
| – | – |
|
|
GLF
313
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.72M | ﹤0.01% |
38,200
-3,700
| -9% | -$164K |
|
314
Berkshire Hathaway Class A
BRK.A
$1.1T
| $1.69M | ﹤0.01% |
9
| – | – |
|
|
ACC
315
DELISTED
American Campus Communities, Inc.
ACC
| $1.67M | ﹤0.01% |
44,725
-1,175
| -3% | -$41.6K |
|
316
Altria Group
MO
$114B
| $1.63M | ﹤0.01% |
43,446
-1,354
| -3% | -$49.2K |
|
|
BBBY
317
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.59M | ﹤0.01% |
23,146
-1,564
| -6% | -$106K |
|
318
Verizon
VZ
$195B
| $1.54M | ﹤0.01% |
32,340
+8,792
| +37% | +$416K |
|
|
319
Vanguard S&P 500 ETF
VOO
$979B
| $1.47M | ﹤0.01% |
8,585
-893,990
| -99% | -$150M |
|
320
Affiliated Managers Group
AMG
$9.69B
| $1.43M | ﹤0.01% |
7,170
-1,031
| -13% | -$203K |
|
321
General Dynamics
GD
$104B
| $1.43M | ﹤0.01% |
13,153
+148
| +1% | +$15.3K |
|
322
Telkom Indonesia
TLK
$14.5B
| $1.34M | ﹤0.01% |
+68,350
| New | +$1.29M |
|
323
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $1.3M | ﹤0.01% |
6,944
-2,272
| -25% | -$417K |
|
324
Caterpillar
CAT
$375B
| $1.25M | ﹤0.01% |
12,622
+2,161
| +21% | +$204K |
|
|
PETM
325
DELISTED
PETSMART INC
PETM
| $1.21M | ﹤0.01% |
17,500
| – | – |
|
Similar funds
Ken Fisher's Q1 2014 Portfolio in Review
As of Q1 2014, Ken Fisher held 629 positions worth $44.3B, up 0.5% from $44.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q1 2014 filing shows 68 new, 131 increased, 316 reduced and 43 closed positions. Its largest new stake was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M. The largest sale was iShares MSCI EAFE ETF, an estimated $208M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2014 buy was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M.
- Ken Fisher added most to Apple in Q1 2014, an estimated $92.2M increase.
- Ken Fisher's biggest Q1 2014 reduction was iShares MSCI EAFE ETF, cutting an estimated $208M.
- Ken Fisher fully exited TECHNIP ADS (EA REPTG ONE ORD SHS) in Q1 2014, selling an estimated $38.8M.
- Ken Fisher's ten largest holdings make up 23% of its $44.3B portfolio in Q1 2014.
- Ken Fisher opened 68 new positions and closed 43 in Q1 2014.
- Ken Fisher's portfolio value rose 0.5% quarter-over-quarter to $44.3B.
Based on Fisher Asset Management's 13F filing for Q1 2014, filed 22 Apr 2014.