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 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$518M |
| 2 |
Citigroup
C
|
+$271M |
| 3 |
Bank of America
BAC
|
+$254M |
| 4 |
RTX Corp
RTX
|
+$233M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$507M |
| 2 |
British American Tobacco
BTI
|
+$298M |
| 3 |
Vodafone
VOD
|
+$272M |
| 4 |
ABV
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
|
+$267M |
| 5 |
BHP
BHP
|
+$226M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.1% |
| 2 | Technology | 14.63% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 7.86% |
| 5 | Industrials | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETP
351
DELISTED
Energy Transfer Partners L.p.
ETP
| $453K | ﹤0.01% |
8,702
+1,728
| +25% | +$89.2K |
|
352
PNC Financial Services
PNC
$99.7B
| $439K | ﹤0.01% |
6,061
-4,325
| -42% | -$323K |
|
|
CAM
353
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $439K | ﹤0.01% |
7,514
-40
| -0.5% | -$2.38K |
|
354
Booking.com
BKNG
$149B
| $434K | ﹤0.01% |
10,725
-5,375
| -33% | -$201K |
|
|
TWX
355
DELISTED
Time Warner Inc
TWX
| $429K | ﹤0.01% |
6,802
-5,579
| -45% | -$334K |
|
356
Biogen
BIIB
$30B
| $427K | ﹤0.01% |
1,774
+7
| +0.4% | +$1.57K |
|
357
Petrobras
PBR
$125B
| $423K | ﹤0.01% |
27,282
-29,190
| -52% | -$416K |
|
358
Medtronic
MDT
$109B
| $393K | ﹤0.01% |
7,387
-326
| -4% | -$17.5K |
|
|
UN
359
DELISTED
Unilever NV New York Registry Shares
UN
| $389K | ﹤0.01% |
10,305
-4,331
| -30% | -$171K |
|
|
CELG
360
DELISTED
Celgene Corp
CELG
| $384K | ﹤0.01% |
4,980
-4,050
| -45% | -$284K |
|
361
Eastman Chemical
EMN
$8B
| $382K | ﹤0.01% |
4,909
| – | – |
|
362
Southern Company
SO
$109B
| $377K | ﹤0.01% |
9,154
+1,531
| +20% | +$65.9K |
|
363
ING
ING
$99.8B
| $369K | ﹤0.01% |
32,500
-3
| -0% | -$32 |
|
364
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $360K | ﹤0.01% |
3,526
+48
| +1% | +$4.85K |
|
365
WisdomTree Japan Hedged Equity Fund
DXJ
$7.08B
| $347K | ﹤0.01% |
+7,242
| New | +$340K |
|
|
ABB
366
DELISTED
ABB Ltd
ABB
| $332K | ﹤0.01% |
14,092
-8,363
| -37% | -$188K |
|
367
Norfolk Southern
NSC
$75.4B
| $329K | ﹤0.01% |
4,250
-1,536
| -27% | -$115K |
|
368
Capital Southwest
CSWC
$1.47B
| $328K | ﹤0.01% |
26,150
| – | – |
|
369
Tapestry
TPR
$30.8B
| $324K | ﹤0.01% |
5,950
+15
| +0.3% | +$826 |
|
370
Honeywell
HON
$77B
| $319K | ﹤0.01% |
4,275
-351
| -8% | -$26.1K |
|
371
Sumitomo Mitsui Financial
SMFG
$164B
| $317K | ﹤0.01% |
32,587
-21,633
| -40% | -$205K |
|
|
WBA
372
DELISTED
Walgreens Boots Alliance
WBA
| $310K | ﹤0.01% |
5,755
+896
| +18% | +$45K |
|
373
CSX Corp
CSX
$93.4B
| $309K | ﹤0.01% |
35,964
+2,172
| +6% | +$18.2K |
|
374
HP
HPQ
$24.9B
| $309K | ﹤0.01% |
32,372
+5,290
| +20% | +$58.4K |
|
375
SPDR Gold Trust
GLD
$131B
| $304K | ﹤0.01% |
2,375
-951
| -29% | -$122K |
|
Similar funds
Ken Fisher's Q3 2013 Portfolio in Review
As of Q3 2013, Ken Fisher held 585 positions worth $40.6B, up 5.4% from $38.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2013 filing shows 60 new, 219 increased, 193 reduced and 51 closed positions. Its largest new stake was Cadence Bank: 2,667,685 shares worth $53.2M. The largest sale was Philip Morris, an estimated $507M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2013 buy was Cadence Bank: 2,667,685 shares worth $53.2M.
- Ken Fisher added most to Barclays ETN+ FI Enhanced Europe 50 ETN in Q3 2013, an estimated $518M increase.
- Ken Fisher's biggest Q3 2013 reduction was Philip Morris, cutting an estimated $507M.
- Ken Fisher fully exited SAKS INCORPORATED in Q3 2013, selling an estimated $75M.
- Ken Fisher's ten largest holdings make up 22% of its $40.6B portfolio in Q3 2013.
- Ken Fisher opened 60 new positions and closed 51 in Q3 2013.
- Ken Fisher's portfolio value rose 5.4% quarter-over-quarter to $40.6B.
Based on Fisher Asset Management's 13F filing for Q3 2013, filed 18 Oct 2013.