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 |
Apple
AAPL
|
+$92.2M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$83.3M |
| 3 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$76M |
| 4 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$45.3M |
| 5 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$44.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$208M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$150M |
| 3 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$66.6M |
| 4 |
OVTI
OMNIVISION TECHNOLOGIES INC
OVTI
|
+$48.3M |
| 5 |
CEO
CNOOC Limited
CEO
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.85% |
| 2 | Technology | 12.89% |
| 3 | Healthcare | 12.55% |
| 4 | Industrials | 7.74% |
| 5 | Consumer Discretionary | 7.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
GSK
GSK
$104B
| $599M | 1.35% |
8,971,491
+82,764
| +0.9% | +$5.6M |
|
27
IBM
IBM
$209B
| $597M | 1.35% |
3,245,520
+39,793
| +1% | +$7.01M |
|
28
Comcast
CMCSA
$84B
| $580M | 1.31% |
23,162,646
-536,698
| -2% | -$14M |
|
29
Citigroup
C
$222B
| $527M | 1.19% |
11,072,128
-40,935
| -0.4% | -$2.04M |
|
30
Toyota
TM
$227B
| $523M | 1.18% |
4,635,910
+70,712
| +2% | +$8.16M |
|
31
McDonald's
MCD
$191B
| $502M | 1.13% |
5,118,180
-82,149
| -2% | -$7.86M |
|
32
Novartis
NVS
$301B
| $501M | 1.13% |
6,572,444
+120,153
| +2% | +$8.76M |
|
|
SI
33
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $486M | 1.1% |
3,597,235
+117,843
| +3% | +$15.5M |
|
34
SAP
SAP
$209B
| $483M | 1.09% |
5,937,388
-298,957
| -5% | -$23.7M |
|
35
Intel
INTC
$460B
| $466M | 1.05% |
18,055,095
-287,394
| -2% | -$7.17M |
|
36
Royal Bank of Canada
RY
$292B
| $435M | 0.98% |
6,584,626
+108,497
| +2% | +$7.01M |
|
37
Oracle
ORCL
$367B
| $427M | 0.96% |
10,444,769
-370,039
| -3% | -$14.1M |
|
38
ExxonMobil
XOM
$651B
| $425M | 0.96% |
4,349,028
-116,551
| -3% | -$11.1M |
|
39
Lloyds Banking Group
LYG
$90.7B
| $415M | 0.94% |
81,469,628
+7,504,363
| +10% | +$40.7M |
|
40
PepsiCo
PEP
$191B
| $411M | 0.93% |
4,919,395
+36,293
| +0.7% | +$2.95M |
|
41
Chevron
CVX
$383B
| $404M | 0.91% |
3,400,506
-104,687
| -3% | -$12.2M |
|
42
SLB Ltd
SLB
$72.6B
| $384M | 0.87% |
3,939,601
-91,684
| -2% | -$8.29M |
|
43
Coca-Cola
KO
$381B
| $376M | 0.85% |
9,725,039
-21,082
| -0.2% | -$814K |
|
44
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $373M | 0.84% |
12,118,066
+770,608
| +7% | +$23.7M |
|
45
TSMC
TSM
$2.09T
| $345M | 0.78% |
17,251,645
+408,603
| +2% | +$7.32M |
|
|
BF
46
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $339M | 0.77% |
3,051,214
-127,087
| -4% | -$14.1M |
|
47
Cisco
CSCO
$448B
| $317M | 0.72% |
14,161,081
-516,159
| -4% | -$11.4M |
|
48
iShares MBS ETF
MBB
$39.1B
| $241M | 0.54% |
2,272,335
+166,148
| +8% | +$17.6M |
|
49
BHP
BHP
$218B
| $219M | 0.49% |
3,820,749
+77,376
| +2% | +$4.34M |
|
50
HDFC Bank
HDB
$124B
| $199M | 0.45% |
19,412,180
+1,872,344
| +11% | +$16.3M |
|
Similar funds
Ken Fisher's Q1 2014 Portfolio in Review
As of Q1 2014, Ken Fisher held 629 positions worth $44.3B, up 0.5% from $44.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q1 2014 filing shows 68 new, 131 increased, 316 reduced and 43 closed positions. Its largest new stake was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M. The largest sale was iShares MSCI EAFE ETF, an estimated $208M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2014 buy was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M.
- Ken Fisher added most to Apple in Q1 2014, an estimated $92.2M increase.
- Ken Fisher's biggest Q1 2014 reduction was iShares MSCI EAFE ETF, cutting an estimated $208M.
- Ken Fisher fully exited TECHNIP ADS (EA REPTG ONE ORD SHS) in Q1 2014, selling an estimated $38.8M.
- Ken Fisher's ten largest holdings make up 23% of its $44.3B portfolio in Q1 2014.
- Ken Fisher opened 68 new positions and closed 43 in Q1 2014.
- Ken Fisher's portfolio value rose 0.5% quarter-over-quarter to $44.3B.
Based on Fisher Asset Management's 13F filing for Q1 2014, filed 22 Apr 2014.