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 | |
|---|---|---|---|---|---|---|
401
General Mills
GIS
$19.1B
| $373K | ﹤0.01% |
7,392
-3,734
| -34% | -$196K |
|
402
CSX Corp
CSX
$93.4B
| $372K | ﹤0.01% |
34,827
-5,379
| -13% | -$55.5K |
|
403
Incyte
INCY
$24.2B
| $370K | ﹤0.01% |
7,545
-4,680
| -38% | -$235K |
|
404
Honeywell
HON
$77B
| $364K | ﹤0.01% |
4,354
+1,804
| +71% | +$153K |
|
|
FNFV
405
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $359K | ﹤0.01% |
+34,260
| New | +$409K |
|
406
Insulet
PODD
$11.5B
| $353K | ﹤0.01% |
9,588
-9,300
| -49% | -$340K |
|
407
Capital Southwest
CSWC
$1.47B
| $343K | ﹤0.01% |
26,150
| – | – |
|
|
DTV
408
DELISTED
DIRECTV COM STK (DE)
DTV
| $338K | ﹤0.01% |
+3,911
| New | +$336K |
|
|
BRS
409
DELISTED
Bristow Group, Inc.
BRS
| $336K | ﹤0.01% |
5,000
| – | – |
|
410
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $335K | ﹤0.01% |
3,230
+516
| +19% | +$54.4K |
|
411
Kimberly-Clark
KMB
$36.3B
| $330K | ﹤0.01% |
+3,196
| New | +$333K |
|
412
Invesco Dorsey Wright Financial Momentum ETF
PFI
$59.5M
| $330K | ﹤0.01% |
11,602
+1,132
| +11% | +$32.7K |
|
413
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $321K | ﹤0.01% |
3,095
-522
| -14% | -$54.1K |
|
|
CEO
414
DELISTED
CNOOC Limited
CEO
| $306K | ﹤0.01% |
1,771
-329
| -16% | -$60.7K |
|
415
Freeport-McMoran
FCX
$90B
| $298K | ﹤0.01% |
9,124
-3,716
| -29% | -$135K |
|
|
DD
416
DELISTED
Du Pont De Nemours E I
DD
| $290K | ﹤0.01% |
4,258
+298
| +8% | +$18.8K |
|
417
Stryker
SYK
$125B
| $286K | ﹤0.01% |
3,535
+215
| +6% | +$17.7K |
|
418
Devon Energy
DVN
$52.1B
| $279K | ﹤0.01% |
4,096
+810
| +25% | +$60.2K |
|
419
UnitedHealth
UNH
$376B
| $276K | ﹤0.01% |
3,203
-76
| -2% | -$6.42K |
|
|
MMP
420
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $275K | ﹤0.01% |
3,261
-310
| -9% | -$25.8K |
|
|
TWX
421
DELISTED
Time Warner Inc
TWX
| $274K | ﹤0.01% |
3,648
-559
| -13% | -$43.3K |
|
422
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $266K | ﹤0.01% |
+9,715
| New | +$274K |
|
423
Halliburton
HAL
$26.9B
| $265K | ﹤0.01% |
4,113
+533
| +15% | +$36.5K |
|
424
Morgan Stanley
MS
$331B
| $254K | ﹤0.01% |
7,357
+112
| +2% | +$3.73K |
|
425
FedEx
FDX
$72.7B
| $252K | ﹤0.01% |
1,558
-74
| -5% | -$11.2K |
|
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.