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 |
UBS Group
UBS
|
+$423M |
| 2 |
CS
Credit Suisse Group
CS
|
+$261M |
| 3 |
Barclays
BCS
|
+$240M |
| 4 |
ABB
ABB Ltd
ABB
|
+$161M |
| 5 |
Trip.com Group
TCOM
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lloyds Banking Group
LYG
|
+$230M |
| 2 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$162M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$84M |
| 4 |
BHP
BHP
|
+$60.3M |
| 5 |
SUSQ
SUSQUEHANNA BANCSHARES INC
SUSQ
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.7% |
| 2 | Healthcare | 13.73% |
| 3 | Technology | 13.21% |
| 4 | Industrials | 7.16% |
| 5 | Consumer Discretionary | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sanofi
SNY
$103B
| $597M | 1.23% |
13,085,033
-60,614
| -0.5% | -$2.94M |
|
27
Toyota
TM
$227B
| $582M | 1.2% |
4,641,630
-106,837
| -2% | -$12.8M |
|
28
HSBC
HSBC
$367B
| $559M | 1.16% |
13,729,295
-833,532
| -6% | -$35.5M |
|
29
Novartis
NVS
$301B
| $557M | 1.15% |
6,704,219
-8,781
| -0.1% | -$728K |
|
|
FLGE
30
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $554M | 1.14% |
4,863,125
-98,684
| -2% | -$10.7M |
|
|
NVO
31
Novo Nordisk
NVO
$228B
| $552M | 1.14% |
26,079,296
-692,530
| -3% | -$15.5M |
|
32
TSMC
TSM
$2.09T
| $500M | 1.03% |
22,342,554
+2,362,855
| +12% | +$51.5M |
|
33
Oracle
ORCL
$367B
| $498M | 1.03% |
11,079,825
-67,729
| -0.6% | -$2.76M |
|
34
PepsiCo
PEP
$191B
| $484M | 1% |
5,116,638
+10,514
| +0.2% | +$1.01M |
|
35
Royal Bank of Canada
RY
$292B
| $466M | 0.96% |
6,750,465
+7,446
| +0.1% | +$527K |
|
36
GSK
GSK
$104B
| $460M | 0.95% |
8,612,003
-578,872
| -6% | -$32.4M |
|
37
Coca-Cola
KO
$381B
| $429M | 0.89% |
10,159,986
+21,127
| +0.2% | +$902K |
|
38
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $423M | 0.88% |
13,844,139
+337,802
| +3% | +$10.4M |
|
39
Cisco
CSCO
$448B
| $423M | 0.87% |
15,202,312
+91,532
| +0.6% | +$2.36M |
|
|
40
UBS Group
UBS
$175B
| $422M | 0.87% |
+24,721,456
| New | +$423M |
|
|
41
Lloyds Banking Group
LYG
$90.7B
| $408M | 0.84% |
88,026,446
-47,649,915
| -35% | -$230M |
|
42
ExxonMobil
XOM
$651B
| $405M | 0.84% |
4,383,216
-42,199
| -1% | -$3.94M |
|
43
SAP
SAP
$209B
| $395M | 0.82% |
5,673,077
-368,550
| -6% | -$25.3M |
|
44
Chevron
CVX
$383B
| $386M | 0.8% |
3,440,986
-68,601
| -2% | -$7.79M |
|
45
Merck
MRK
$321B
| $377M | 0.78% |
6,959,254
+112,172
| +2% | +$6.25M |
|
46
SLB Ltd
SLB
$72.6B
| $352M | 0.73% |
4,126,973
-38,471
| -0.9% | -$3.54M |
|
|
BAY
47
DELISTED
BAYER AG SPONS ADR
BAY
| $341M | 0.7% |
2,493,419
-17,945
| -0.7% | -$2.45M |
|
48
iShares MBS ETF
MBB
$39.1B
| $283M | 0.59% |
2,591,858
+67,880
| +3% | +$7.41M |
|
49
HDFC Bank
HDB
$124B
| $275M | 0.57% |
21,709,172
-973,324
| -4% | -$12.3M |
|
|
SI
50
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $271M | 0.56% |
2,386,649
-1,430,180
| -37% | -$162M |
|
Similar funds
Ken Fisher's Q4 2014 Portfolio in Review
As of Q4 2014, Ken Fisher held 664 positions worth $48.4B, up 3.1% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2014 filing shows 80 new, 228 increased, 245 reduced and 44 closed positions. Its largest new stake was UBS Group: 24,721,456 shares worth $422M. The largest sale was Lloyds Banking Group, an estimated $230M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2014 buy was UBS Group: 24,721,456 shares worth $422M.
- Ken Fisher added most to Credit Suisse Group in Q4 2014, an estimated $261M increase.
- Ken Fisher's biggest Q4 2014 reduction was Lloyds Banking Group, cutting an estimated $230M.
- Ken Fisher fully exited SUSQUEHANNA BANCSHARES INC in Q4 2014, selling an estimated $42.8M.
- Ken Fisher's ten largest holdings make up 22% of its $48.4B portfolio in Q4 2014.
- Ken Fisher opened 80 new positions and closed 44 in Q4 2014.
- Ken Fisher's portfolio value rose 3.1% quarter-over-quarter to $48.4B.
Based on Fisher Asset Management's 13F filing for Q4 2014, filed 29 Jan 2015.