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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PL
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.26% |
| 2 | Healthcare | 14.53% |
| 3 | Technology | 12.41% |
| 4 | Industrials | 7.4% |
| 5 | Consumer Discretionary | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
General Dynamics
GD
$104B
| $1.76M | ﹤0.01% |
13,820
+554
| +4% | +$67.3K |
|
327
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
| $1.75M | ﹤0.01% |
20,347
+1,561
| +8% | +$135K |
|
328
AT&T
T
$159B
| $1.69M | ﹤0.01% |
63,516
-3,754
| -6% | -$99.9K |
|
329
Ligand Pharmaceuticals
LGND
$5.76B
| $1.66M | ﹤0.01% |
56,519
-2,645
| -4% | -$87.8K |
|
330
Telkom Indonesia
TLK
$14.5B
| $1.66M | ﹤0.01% |
68,906
-3,364
| -5% | -$77.9K |
|
|
ACC
331
DELISTED
American Campus Communities, Inc.
ACC
| $1.56M | ﹤0.01% |
42,825
| – | – |
|
332
Philip Morris
PM
$297B
| $1.51M | ﹤0.01% |
18,148
-2,692
| -13% | -$228K |
|
|
SYT
333
DELISTED
Syngenta Ag
SYT
| $1.46M | ﹤0.01% |
23,067
-8,832
| -28% | -$625K |
|
334
Nike
NKE
$61.9B
| $1.46M | ﹤0.01% |
32,700
-778
| -2% | -$30.9K |
|
|
ALJ
335
DELISTED
Alon USA Energy Inc
ALJ
| $1.45M | ﹤0.01% |
100,700
-160,719
| -61% | -$2.33M |
|
336
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $1.32M | ﹤0.01% |
10,921
-697
| -6% | -$85.7K |
|
337
iShares MSCI EAFE ETF
EFA
$78B
| $1.3M | ﹤0.01% |
20,289
-9,853
| -33% | -$657K |
|
|
CMCSK
338
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $1.25M | ﹤0.01% |
23,313
+1,808
| +8% | +$96.7K |
|
339
Franklin Resources
BEN
$17.6B
| $1.23M | ﹤0.01% |
22,491
+324
| +1% | +$18.1K |
|
|
GLF
340
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.2M | ﹤0.01% |
38,200
| – | – |
|
341
Vanguard S&P 500 ETF
VOO
$979B
| $1.19M | ﹤0.01% |
6,598
+1,281
| +24% | +$232K |
|
342
Booking.com
BKNG
$149B
| $1.14M | ﹤0.01% |
24,575
-525
| -2% | -$25.8K |
|
343
Verizon
VZ
$195B
| $1.13M | ﹤0.01% |
22,567
-5,226
| -19% | -$260K |
|
344
Occidental Petroleum
OXY
$56.8B
| $1.09M | ﹤0.01% |
11,835
+1,105
| +10% | +$106K |
|
345
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $1.08M | ﹤0.01% |
5,481
-156
| -3% | -$30.8K |
|
|
AGN
346
DELISTED
Allergan Inc
AGN
| $1.07M | ﹤0.01% |
6,015
-168
| -3% | -$27.9K |
|
|
APC
347
DELISTED
Anadarko Petroleum
APC
| $1.06M | ﹤0.01% |
10,462
-302
| -3% | -$32.6K |
|
348
iShares Russell 2000 Value ETF
IWN
$14.3B
| $1.05M | ﹤0.01% |
11,281
-183
| -2% | -$18.1K |
|
|
DHC
349
Diversified Healthcare Trust
DHC
$2.15B
| $1.02M | ﹤0.01% |
49,138
-441,908
| -90% | -$10M |
|
350
ConocoPhillips
COP
$147B
| $1.01M | ﹤0.01% |
13,252
-11,304
| -46% | -$925K |
|
Similar funds
Ken Fisher's Q3 2014 Portfolio in Review
As of Q3 2014, Ken Fisher held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Ken Fisher's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Ken Fisher fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Ken Fisher's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Ken Fisher opened 47 new positions and closed 61 in Q3 2014.
- Ken Fisher's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.