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 | |
|---|---|---|---|---|---|---|
|
PRXL
51
DELISTED
Parexel International Corp
PRXL
| $132M | 0.33% |
2,629,274
-20,520
| -0.8% | -$1M |
|
|
SIVB
52
DELISTED
SVB Financial Group
SIVB
| $128M | 0.32% |
1,485,844
+9,690
| +0.7% | +$837K |
|
53
HDFC Bank
HDB
$124B
| $127M | 0.31% |
16,517,536
+943,900
| +6% | +$7.76M |
|
54
Domino's
DPZ
$11.7B
| $126M | 0.31% |
1,857,550
-17,300
| -0.9% | -$1.09M |
|
|
CAB
55
DELISTED
Cabela's Inc
CAB
| $124M | 0.3% |
1,961,424
-43,110
| -2% | -$2.87M |
|
|
WDR
56
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $115M | 0.28% |
2,232,909
-13,105
| -0.6% | -$652K |
|
57
ASML
ASML
$634B
| $111M | 0.27% |
1,121,744
-184,445
| -14% | -$16.6M |
|
|
KATE
58
DELISTED
Kate Spade & Company
KATE
| $109M | 0.27% |
4,333,141
-148,995
| -3% | -$3.63M |
|
|
RYL
59
DELISTED
RYLAND GROUP INC
RYL
| $109M | 0.27% |
2,679,967
-3,005
| -0.1% | -$116K |
|
|
FNSR
60
DELISTED
Finisar Corp
FNSR
| $103M | 0.25% |
4,530,949
+15,150
| +0.3% | +$312K |
|
61
Boston Beer
SAM
$1.93B
| $102M | 0.25% |
419,644
-1,675
| -0.4% | -$346K |
|
62
East-West Bancorp
EWBC
$17.9B
| $102M | 0.25% |
3,188,759
-27,110
| -0.8% | -$820K |
|
|
BID
63
DELISTED
Sotheby's
BID
| $102M | 0.25% |
2,070,548
-28,953
| -1% | -$1.29M |
|
|
FEIC
64
DELISTED
FEI COMPANY
FEIC
| $94M | 0.23% |
1,070,258
-35,945
| -3% | -$2.86M |
|
65
Veeco
VECO
$2.95B
| $92.1M | 0.23% |
2,475,627
-6,881
| -0.3% | -$241K |
|
66
ScottsMiracle-Gro
SMG
$3.97B
| $87.2M | 0.22% |
1,585,243
-9,005
| -0.6% | -$473K |
|
|
KSU
67
DELISTED
Kansas City Southern
KSU
| $84.1M | 0.21% |
769,442
+13,908
| +2% | +$1.53M |
|
|
PMCS
68
DELISTED
P M C SIERRA INC
PMCS
| $82.2M | 0.2% |
12,415,060
+614,695
| +5% | +$4.02M |
|
69
Sally Beauty Holdings
SBH
$1.46B
| $80.8M | 0.2% |
3,087,135
-150,600
| -5% | -$4.22M |
|
|
CSE
70
DELISTED
CAPITALSOURCE INC
CSE
| $80.7M | 0.2% |
6,794,435
+10,865
| +0.2% | +$123K |
|
|
ABV
71
DELISTED
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
| $80.2M | 0.2% |
2,092,495
-7,281,923
| -78% | -$267M |
|
|
PL
72
DELISTED
PROTECTIVE LIFE CORP
PL
| $76.5M | 0.19% |
1,798,834
-1,655
| -0.1% | -$70.7K |
|
|
FMER
73
DELISTED
FIRSTMERIT CORP
FMER
| $75.7M | 0.19% |
3,485,242
+154,910
| +5% | +$3.36M |
|
74
Darling Ingredients
DAR
$9.69B
| $74.2M | 0.18% |
3,505,303
-17,440
| -0.5% | -$355K |
|
75
Lincoln Electric
LECO
$13.7B
| $73.4M | 0.18% |
1,101,322
-23,255
| -2% | -$1.46M |
|
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.