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 | |
|---|---|---|---|---|---|---|
351
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $561K | ﹤0.01% |
7,026
+3,458
| +97% | +$276K |
|
|
EMC
352
DELISTED
EMC CORPORATION
EMC
| $550K | ﹤0.01% |
21,866
-25,695
| -54% | -$623K |
|
353
Emerson Electric
EMR
$83.9B
| $519K | ﹤0.01% |
7,392
-1,239
| -14% | -$82.8K |
|
354
Freeport-McMoran
FCX
$90B
| $507K | ﹤0.01% |
13,436
-744
| -5% | -$26.4K |
|
355
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $505K | ﹤0.01% |
5,091
+1,565
| +44% | +$159K |
|
356
Booking.com
BKNG
$149B
| $491K | ﹤0.01% |
10,550
-175
| -2% | -$7.79K |
|
|
BRS
357
DELISTED
Bristow Group, Inc.
BRS
| $473K | ﹤0.01% |
6,300
| – | – |
|
358
ING
ING
$99.8B
| $455K | ﹤0.01% |
32,500
| – | – |
|
359
SPDR Gold Trust
GLD
$131B
| $452K | ﹤0.01% |
3,892
+1,517
| +64% | +$186K |
|
|
CAM
360
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $447K | ﹤0.01% |
7,515
+1
| +0% | +$58 |
|
361
PNC Financial Services
PNC
$99.7B
| $441K | ﹤0.01% |
5,684
-377
| -6% | -$28.3K |
|
362
Honeywell
HON
$77B
| $434K | ﹤0.01% |
5,282
+1,007
| +24% | +$78.7K |
|
363
Lowe's Companies
LOW
$117B
| $434K | ﹤0.01% |
8,759
-1,017
| -10% | -$49.4K |
|
364
Enterprise Products Partners
EPD
$82.3B
| $430K | ﹤0.01% |
12,968
+4,290
| +49% | +$134K |
|
365
Eastman Chemical
EMN
$8B
| $423K | ﹤0.01% |
5,236
+327
| +7% | +$25.4K |
|
366
3M
MMM
$90.9B
| $417K | ﹤0.01% |
3,553
+744
| +26% | +$79.3K |
|
|
UN
367
DELISTED
Unilever NV New York Registry Shares
UN
| $416K | ﹤0.01% |
10,332
+27
| +0.3% | +$1.05K |
|
368
America Movil
AMX
$76.1B
| $406K | ﹤0.01% |
17,382
-5,811
| -25% | -$127K |
|
369
Medtronic
MDT
$109B
| $403K | ﹤0.01% |
7,020
-367
| -5% | -$20.8K |
|
370
Norfolk Southern
NSC
$75.4B
| $399K | ﹤0.01% |
4,300
+50
| +1% | +$4.29K |
|
|
TWX
371
DELISTED
Time Warner Inc
TWX
| $397K | ﹤0.01% |
5,937
-865
| -13% | -$55.9K |
|
372
Marathon Petroleum
MPC
$92.4B
| $375K | ﹤0.01% |
8,174
+1,812
| +28% | +$69.7K |
|
|
CELG
373
DELISTED
Celgene Corp
CELG
| $373K | ﹤0.01% |
4,412
-568
| -11% | -$44.9K |
|
374
Capital Southwest
CSWC
$1.47B
| $335K | ﹤0.01% |
26,150
| – | – |
|
|
BNY
375
Bank of New York Mellon
BNY
$106B
| $332K | ﹤0.01% |
9,507
| – | – |
|
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.