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 | |
|---|---|---|---|---|---|---|
51
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $186M | 0.42% |
1,967,734
+149,701
| +8% | +$14M |
|
|
SIVB
52
DELISTED
SVB Financial Group
SIVB
| $184M | 0.41% |
1,425,789
-24,996
| -2% | -$2.92M |
|
53
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $174M | 0.39% |
3,750,388
+220,570
| +6% | +$10.2M |
|
|
WDR
54
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $161M | 0.36% |
2,181,534
-30,500
| -1% | -$2.1M |
|
|
PRXL
55
DELISTED
Parexel International Corp
PRXL
| $137M | 0.31% |
2,534,004
-38,545
| -1% | -$1.98M |
|
56
Domino's
DPZ
$11.7B
| $136M | 0.31% |
1,764,170
-22,810
| -1% | -$1.68M |
|
|
TTM
57
DELISTED
Tata Motors Limited
TTM
| $135M | 0.3% |
3,804,525
+1,034,050
| +37% | +$32.7M |
|
|
FIEU
58
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $130M | 0.29% |
1,020,191
+323,711
| +46% | +$40M |
|
|
FNSR
59
DELISTED
Finisar Corp
FNSR
| $116M | 0.26% |
4,390,554
-57,145
| -1% | -$1.37M |
|
|
CAB
60
DELISTED
Cabela's Inc
CAB
| $113M | 0.25% |
1,722,149
-186,700
| -10% | -$12.6M |
|
|
KATE
61
DELISTED
Kate Spade & Company
KATE
| $113M | 0.25% |
3,040,716
-425,830
| -12% | -$14.1M |
|
62
East-West Bancorp
EWBC
$17.9B
| $112M | 0.25% |
3,078,919
-33,783
| -1% | -$1.19M |
|
63
NCR Voyix
VYX
$1.12B
| $109M | 0.25% |
4,846,208
-607,192
| -11% | -$12.9M |
|
|
RYL
64
DELISTED
RYLAND GROUP INC
RYL
| $103M | 0.23% |
2,569,692
-36,950
| -1% | -$1.57M |
|
65
Dr. Reddy's Laboratories
RDY
$9.85B
| $102M | 0.23% |
11,614,315
+4,183,700
| +56% | +$36.4M |
|
66
Veeco
VECO
$2.95B
| $100M | 0.23% |
2,395,982
-33,615
| -1% | -$1.3M |
|
|
CSE
67
DELISTED
CAPITALSOURCE INC
CSE
| $95.8M | 0.22% |
6,563,365
-92,745
| -1% | -$1.33M |
|
|
FEIC
68
DELISTED
FEI COMPANY
FEIC
| $94.7M | 0.21% |
918,983
-10,760
| -1% | -$1.06M |
|
69
Raymond James Financial
RJF
$33.6B
| $93.4M | 0.21% |
2,505,408
-65,258
| -3% | -$2.28M |
|
70
ScottsMiracle-Gro
SMG
$3.97B
| $92.9M | 0.21% |
1,515,808
-20,535
| -1% | -$1.22M |
|
|
PMCS
71
DELISTED
P M C SIERRA INC
PMCS
| $91.3M | 0.21% |
11,994,005
-250,215
| -2% | -$1.76M |
|
|
FIEG
72
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $91.2M | 0.21% |
761,864
+401,523
| +111% | +$45.3M |
|
|
PL
73
DELISTED
PROTECTIVE LIFE CORP
PL
| $90M | 0.2% |
1,711,264
-23,370
| -1% | -$1.2M |
|
|
OUTR
74
DELISTED
OUTERWALL INC
OUTR
| $89.9M | 0.2% |
1,239,461
-5,132
| -0.4% | -$350K |
|
75
Webster Financial
WBS
$12.5B
| $88.4M | 0.2% |
2,845,939
-41,490
| -1% | -$1.27M |
|
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.