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 | |
|---|---|---|---|---|---|---|
51
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $169M | 0.38% |
1,818,033
+111,587
| +7% | +$10.4M |
|
52
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $159M | 0.36% |
3,529,818
+83,116
| +2% | +$3.79M |
|
|
53
Vanguard S&P 500 ETF
VOO
$972B
| $153M | 0.35% |
+902,575
| New | +$146M |
|
|
SIVB
54
DELISTED
SVB Financial Group
SIVB
| $152M | 0.34% |
1,450,785
-35,059
| -2% | -$3.43M |
|
55
HDFC Bank
HDB
$124B
| $151M | 0.34% |
17,539,836
+1,022,300
| +6% | +$8.7M |
|
|
WDR
56
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $144M | 0.33% |
2,212,034
-20,875
| -0.9% | -$1.28M |
|
|
CAB
57
DELISTED
Cabela's Inc
CAB
| $127M | 0.29% |
1,908,849
-52,575
| -3% | -$3.27M |
|
58
Domino's
DPZ
$11.7B
| $124M | 0.28% |
1,786,980
-70,570
| -4% | -$4.83M |
|
|
PRXL
59
DELISTED
Parexel International Corp
PRXL
| $116M | 0.26% |
2,572,549
-56,725
| -2% | -$2.6M |
|
60
NCR Voyix
VYX
$1.12B
| $114M | 0.26% |
5,453,400
-162,793
| -3% | -$3.62M |
|
|
RYL
61
DELISTED
RYLAND GROUP INC
RYL
| $113M | 0.26% |
2,606,642
-73,325
| -3% | -$2.91M |
|
|
KATE
62
DELISTED
Kate Spade & Company
KATE
| $111M | 0.25% |
3,466,546
-866,595
| -20% | -$25.6M |
|
63
East-West Bancorp
EWBC
$17.9B
| $109M | 0.25% |
3,112,702
-76,057
| -2% | -$2.58M |
|
|
FNSR
64
DELISTED
Finisar Corp
FNSR
| $106M | 0.24% |
4,447,699
-83,250
| -2% | -$1.9M |
|
|
BID
65
DELISTED
Sotheby's
BID
| $106M | 0.24% |
1,991,048
-79,500
| -4% | -$4.09M |
|
66
Boston Beer
SAM
$1.93B
| $97.9M | 0.22% |
404,869
-14,775
| -4% | -$3.55M |
|
|
CSE
67
DELISTED
CAPITALSOURCE INC
CSE
| $95.6M | 0.22% |
6,656,110
-138,325
| -2% | -$1.86M |
|
68
ScottsMiracle-Gro
SMG
$3.97B
| $95.6M | 0.22% |
1,536,343
-48,900
| -3% | -$2.86M |
|
|
KSU
69
DELISTED
Kansas City Southern
KSU
| $94.3M | 0.21% |
761,244
-8,198
| -1% | -$981K |
|
70
Sally Beauty Holdings
SBH
$1.46B
| $90.5M | 0.21% |
2,994,210
-92,925
| -3% | -$2.54M |
|
71
Webster Financial
WBS
$12.5B
| $90M | 0.2% |
2,887,429
+462,605
| +19% | +$13.1M |
|
72
Raymond James Financial
RJF
$33.6B
| $89.4M | 0.2% |
2,570,666
-25,200
| -1% | -$781K |
|
|
FIEU
73
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $88M | 0.2% |
696,480
+285,448
| +69% | +$33.3M |
|
|
PL
74
DELISTED
PROTECTIVE LIFE CORP
PL
| $87.9M | 0.2% |
1,734,634
-64,200
| -4% | -$3.02M |
|
|
JAH
75
DELISTED
JARDEN CORPORATION
JAH
| $87.1M | 0.2% |
2,130,738
-58,301
| -3% | -$2.12M |
|
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.