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 MSCI Taiwan ETF
EWT
|
+$145M |
| 2 |
Qorvo
QRVO
|
+$134M |
| 3 |
Infosys
INFY
|
+$71.4M |
| 4 |
TTM
Tata Motors Limited
TTM
|
+$56.4M |
| 5 |
Dr. Reddy's Laboratories
RDY
|
+$56.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$154M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$51.1M |
| 3 |
NETGEAR
NTGR
|
+$39.5M |
| 4 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$37.1M |
| 5 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$26.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.41% |
| 2 | Healthcare | 14.51% |
| 3 | Technology | 13.39% |
| 4 | Consumer Discretionary | 7.23% |
| 5 | Industrials | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Procter & Gamble
PG
$335B
| $627M | 1.25% |
7,649,314
+20,503
| +0.3% | +$1.76M |
|
27
Citigroup
C
$222B
| $602M | 1.2% |
11,691,549
+53,332
| +0.5% | +$2.72M |
|
28
Intel
INTC
$460B
| $599M | 1.2% |
19,163,686
+145,334
| +0.8% | +$4.9M |
|
29
Novartis
NVS
$301B
| $591M | 1.18% |
6,685,090
-19,129
| -0.3% | -$1.7M |
|
30
TSMC
TSM
$2.09T
| $579M | 1.16% |
24,676,826
+2,334,272
| +10% | +$55M |
|
|
FLGE
31
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $575M | 1.15% |
4,723,960
-139,165
| -3% | -$16.4M |
|
32
HSBC
HSBC
$367B
| $504M | 1.01% |
13,421,302
-307,993
| -2% | -$12M |
|
33
GSK
GSK
$104B
| $496M | 0.99% |
8,605,664
-6,339
| -0.1% | -$363K |
|
34
PepsiCo
PEP
$191B
| $490M | 0.98% |
5,123,614
+6,976
| +0.1% | +$675K |
|
35
Oracle
ORCL
$367B
| $481M | 0.96% |
11,154,833
+75,008
| +0.7% | +$3.25M |
|
36
UBS Group
UBS
$175B
| $479M | 0.96% |
25,508,172
+786,716
| +3% | +$13.7M |
|
37
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $433M | 0.87% |
14,078,819
+234,680
| +2% | +$7.19M |
|
38
SAP
SAP
$209B
| $428M | 0.85% |
5,925,913
+252,836
| +4% | +$17.3M |
|
39
Cisco
CSCO
$448B
| $422M | 0.84% |
15,332,186
+129,874
| +0.9% | +$3.66M |
|
40
Coca-Cola
KO
$381B
| $411M | 0.82% |
10,138,290
-21,696
| -0.2% | -$907K |
|
41
Royal Bank of Canada
RY
$292B
| $407M | 0.81% |
6,746,760
-3,705
| -0.1% | -$228K |
|
42
Lloyds Banking Group
LYG
$90.7B
| $404M | 0.81% |
86,484,813
-1,541,633
| -2% | -$7.18M |
|
43
Merck
MRK
$321B
| $384M | 0.77% |
7,000,115
+40,861
| +0.6% | +$2.31M |
|
|
BAY
44
DELISTED
BAYER AG SPONS ADR
BAY
| $377M | 0.75% |
2,509,075
+15,656
| +0.6% | +$2.35M |
|
45
ExxonMobil
XOM
$651B
| $376M | 0.75% |
4,428,735
+45,519
| +1% | +$4.04M |
|
46
HDFC Bank
HDB
$124B
| $367M | 0.73% |
24,945,800
+3,236,628
| +15% | +$47.3M |
|
47
Chevron
CVX
$383B
| $366M | 0.73% |
3,483,118
+42,132
| +1% | +$4.5M |
|
48
SLB Ltd
SLB
$72.6B
| $348M | 0.7% |
4,170,157
+43,184
| +1% | +$3.6M |
|
|
49
Infosys
INFY
$48.4B
| $318M | 0.63% |
36,233,456
+8,111,152
| +29% | +$71.4M |
|
|
TTM
50
DELISTED
Tata Motors Limited
TTM
| $313M | 0.63% |
6,945,478
+1,195,548
| +21% | +$56.4M |
|
Similar funds
Ken Fisher's Q1 2015 Portfolio in Review
As of Q1 2015, Ken Fisher held 664 positions worth $50B, up 3.5% from $48.4B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q1 2015 filing shows 44 new, 219 increased, 244 reduced and 60 closed positions. Its largest new stake was iShares MSCI Taiwan ETF: 4,657,473 shares worth $147M. The largest sale was TRIQUINT SEMICONDUCTOR INC, an estimated $154M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 22% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q1 2015 buy was iShares MSCI Taiwan ETF: 4,657,473 shares worth $147M.
- Ken Fisher added most to Infosys in Q1 2015, an estimated $71.4M increase.
- Ken Fisher's biggest Q1 2015 reduction was Vanguard S&P 500 ETF, cutting an estimated $51.1M.
- Ken Fisher fully exited TRIQUINT SEMICONDUCTOR INC in Q1 2015, selling an estimated $154M.
- Ken Fisher's ten largest holdings make up 22% of its $50B portfolio in Q1 2015.
- Ken Fisher opened 44 new positions and closed 60 in Q1 2015.
- Ken Fisher's portfolio value rose 3.5% quarter-over-quarter to $50B.
Based on Fisher Asset Management's 13F filing for Q1 2015, filed 30 Apr 2015.