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 | |
|---|---|---|---|---|---|---|
|
GLF
326
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.73M | ﹤0.01% |
38,200
| – | – |
|
327
Berkshire Hathaway Class A
BRK.A
$1.1T
| $1.71M | ﹤0.01% |
9
| – | – |
|
|
ACC
328
DELISTED
American Campus Communities, Inc.
ACC
| $1.64M | ﹤0.01% |
42,825
-1,900
| -4% | -$72.7K |
|
329
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $1.63M | ﹤0.01% |
18,786
+5,896
| +46% | +$506K |
|
330
General Dynamics
GD
$103B
| $1.55M | ﹤0.01% |
13,266
+113
| +0.9% | +$12.9K |
|
|
SPLK
331
DELISTED
Splunk Inc
SPLK
| $1.52M | ﹤0.01% |
+27,485
| New | +$1.44M |
|
|
IRBT
332
DELISTED
iRobot
IRBT
| $1.51M | ﹤0.01% |
+36,765
| New | +$1.33M |
|
333
Telkom Indonesia
TLK
$14.4B
| $1.5M | ﹤0.01% |
72,270
+3,920
| +6% | +$81.1K |
|
334
Affiliated Managers Group
AMG
$9.65B
| $1.47M | ﹤0.01% |
7,170
| – | – |
|
|
LOCK
335
DELISTED
LifeLock, Inc.
LOCK
| $1.46M | ﹤0.01% |
+104,523
| New | +$1.43M |
|
336
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $1.45M | ﹤0.01% |
11,618
+2,358
| +25% | +$293K |
|
337
Verizon
VZ
$193B
| $1.36M | ﹤0.01% |
27,793
-4,547
| -14% | -$220K |
|
338
Nike
NKE
$62.7B
| $1.3M | ﹤0.01% |
33,478
+19,958
| +148% | +$742K |
|
339
Franklin Resources
BEN
$17.2B
| $1.28M | ﹤0.01% |
22,167
+102
| +0.5% | +$5.58K |
|
340
Booking.com
BKNG
$150B
| $1.21M | ﹤0.01% |
25,100
+13,075
| +109% | +$628K |
|
341
iShares Russell 2000 Value ETF
IWN
$14.4B
| $1.18M | ﹤0.01% |
11,464
-6
| -0.1% | -$596 |
|
342
Align Technology
ALGN
$12.4B
| $1.18M | ﹤0.01% |
+21,118
| New | +$1.1M |
|
|
APC
343
DELISTED
Anadarko Petroleum
APC
| $1.18M | ﹤0.01% |
10,764
-1,216
| -10% | -$124K |
|
|
CMCSK
344
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $1.15M | ﹤0.01% |
21,505
+2,860
| +15% | +$153K |
|
|
WFM
345
DELISTED
Whole Foods Market Inc
WFM
| $1.14M | ﹤0.01% |
29,600
+10,806
| +57% | +$471K |
|
346
iShares MSCI South Korea ETF
EWY
$22.5B
| $1.13M | ﹤0.01% |
+17,295
| New | +$1.11M |
|
347
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $1.1M | ﹤0.01% |
5,637
-1,307
| -19% | -$249K |
|
|
SHPG
348
DELISTED
Shire pic
SHPG
| $1.1M | ﹤0.01% |
4,677
+2,230
| +91% | +$388K |
|
349
Occidental Petroleum
OXY
$55.6B
| $1.05M | ﹤0.01% |
10,730
+1,750
| +19% | +$164K |
|
|
AGN
350
DELISTED
Allergan Inc
AGN
| $1.05M | ﹤0.01% |
6,183
-502
| -8% | -$78.2K |
|
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.