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 | |
|---|---|---|---|---|---|---|
26
Microsoft
MSFT
$3.35T
| $571M | 1.41% |
17,165,072
-40,785
| -0.2% | -$1.34M |
|
27
Procter & Gamble
PG
$335B
| $567M | 1.4% |
7,501,129
-96,171
| -1% | -$7.65M |
|
28
GSK
GSK
$104B
| $558M | 1.37% |
8,895,265
-23,355
| -0.3% | -$1.5M |
|
|
29
Bank of America
BAC
$433B
| $546M | 1.35% |
39,574,720
+17,778,850
| +82% | +$254M |
|
30
Walt Disney
DIS
$167B
| $538M | 1.33% |
8,348,328
+11,966
| +0.1% | +$767K |
|
31
Comcast
CMCSA
$84B
| $535M | 1.32% |
23,728,732
+126,756
| +0.5% | +$2.76M |
|
|
32
Citigroup
C
$222B
| $533M | 1.31% |
10,996,671
+5,358,097
| +95% | +$271M |
|
33
McDonald's
MCD
$191B
| $511M | 1.26% |
5,308,180
+81,992
| +2% | +$8M |
|
34
SAP
SAP
$209B
| $460M | 1.13% |
6,225,356
-6,212
| -0.1% | -$459K |
|
|
NVO
35
Novo Nordisk
NVO
$228B
| $457M | 1.13% |
27,028,410
+115,500
| +0.4% | +$1.94M |
|
36
Novartis
NVS
$301B
| $439M | 1.08% |
6,390,052
+110,180
| +2% | +$7.29M |
|
37
Chevron
CVX
$383B
| $429M | 1.06% |
3,530,708
-48,415
| -1% | -$5.95M |
|
38
Intel
INTC
$460B
| $426M | 1.05% |
18,570,595
-37,942
| -0.2% | -$874K |
|
39
Royal Bank of Canada
RY
$292B
| $410M | 1.01% |
6,391,935
+88,233
| +1% | +$5.48M |
|
40
ExxonMobil
XOM
$651B
| $385M | 0.95% |
4,475,442
-91,553
| -2% | -$8.25M |
|
41
Coca-Cola
KO
$381B
| $370M | 0.91% |
9,768,209
-854,597
| -8% | -$33.8M |
|
42
SLB Ltd
SLB
$72.6B
| $357M | 0.88% |
4,040,890
-46,118
| -1% | -$3.79M |
|
43
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $331M | 0.81% |
10,751,722
+403,089
| +4% | +$12.3M |
|
|
BF
44
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $305M | 0.75% |
3,174,246
+23,320
| +0.7% | +$2.24M |
|
45
TSMC
TSM
$2.09T
| $295M | 0.73% |
17,379,169
+256,409
| +1% | +$4.37M |
|
|
46
BHP
BHP
$218B
| $212M | 0.52% |
3,779,014
-4,160,708
| -52% | -$226M |
|
47
iShares MBS ETF
MBB
$39.1B
| $210M | 0.52% |
1,987,187
+53,716
| +3% | +$5.61M |
|
48
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $157M | 0.39% |
3,446,702
+152,717
| +5% | +$6.86M |
|
49
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $156M | 0.39% |
1,706,446
+36,874
| +2% | +$3.38M |
|
50
NCR Voyix
VYX
$1.12B
| $136M | 0.34% |
5,616,193
-100,139
| -2% | -$2.24M |
|
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.