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 | |
|---|---|---|---|---|---|---|
26
GSK
GSK
$104B
| $593M | 1.34% |
8,888,727
-6,538
| -0.1% | -$424K |
|
27
Citigroup
C
$222B
| $579M | 1.31% |
11,113,063
+116,392
| +1% | +$5.89M |
|
28
IBM
IBM
$209B
| $575M | 1.3% |
3,205,727
-85,645
| -3% | -$14.8M |
|
29
Toyota
TM
$227B
| $557M | 1.26% |
4,565,198
+18,450
| +0.4% | +$2.32M |
|
30
SAP
SAP
$209B
| $543M | 1.23% |
6,236,345
+10,989
| +0.2% | +$874K |
|
31
McDonald's
MCD
$191B
| $505M | 1.14% |
5,200,329
-107,851
| -2% | -$10.4M |
|
|
NVO
32
Novo Nordisk
NVO
$228B
| $500M | 1.13% |
27,084,670
+56,260
| +0.2% | +$980K |
|
|
SI
33
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $482M | 1.09% |
3,479,392
+3,393,808
| +3,965% | +$437M |
|
34
Intel
INTC
$460B
| $476M | 1.08% |
18,342,489
-228,106
| -1% | -$5.52M |
|
35
Novartis
NVS
$301B
| $465M | 1.05% |
6,452,291
+62,239
| +1% | +$4.33M |
|
36
ExxonMobil
XOM
$651B
| $452M | 1.02% |
4,465,579
-9,863
| -0.2% | -$912K |
|
37
Chevron
CVX
$383B
| $438M | 0.99% |
3,505,193
-25,515
| -0.7% | -$3.08M |
|
38
Royal Bank of Canada
RY
$292B
| $435M | 0.99% |
6,476,129
+84,194
| +1% | +$5.58M |
|
|
39
Oracle
ORCL
$367B
| $414M | 0.94% |
10,814,808
-8,424,294
| -44% | -$290M |
|
|
40
PepsiCo
PEP
$191B
| $405M | 0.92% |
4,883,102
-3,230,571
| -40% | -$268M |
|
41
Coca-Cola
KO
$381B
| $403M | 0.91% |
9,746,121
-22,088
| -0.2% | -$871K |
|
|
42
Lloyds Banking Group
LYG
$90.7B
| $393M | 0.89% |
+73,965,265
| New | +$371M |
|
43
SLB Ltd
SLB
$72.6B
| $363M | 0.82% |
4,031,285
-9,605
| -0.2% | -$867K |
|
44
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $348M | 0.79% |
11,347,458
+595,736
| +6% | +$18.3M |
|
|
BF
45
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $339M | 0.77% |
3,178,301
+4,055
| +0.1% | +$433K |
|
|
46
Cisco
CSCO
$448B
| $329M | 0.75% |
14,677,240
-12,309,460
| -46% | -$272M |
|
47
TSMC
TSM
$2.09T
| $294M | 0.67% |
16,843,042
-536,127
| -3% | -$9.52M |
|
48
iShares MBS ETF
MBB
$39.1B
| $220M | 0.5% |
2,106,187
+119,000
| +6% | +$12.6M |
|
49
BHP
BHP
$218B
| $216M | 0.49% |
3,743,373
-35,641
| -0.9% | -$2.06M |
|
|
50
iShares MSCI EAFE ETF
EFA
$78.5B
| $215M | 0.49% |
3,198,675
+3,172,576
| +12,156% | +$207M |
|
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.