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 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$499M |
| 2 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$479M |
| 3 |
Merck
MRK
|
+$328M |
| 4 |
BAY
BAYER AG SPONS ADR
BAY
|
+$287M |
| 5 |
Lloyds Banking Group
LYG
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$958M |
| 2 |
IBM
IBM
|
+$565M |
| 3 |
McDonald's
MCD
|
+$502M |
| 4 |
CSE
CAPITALSOURCE INC
CSE
|
+$95.8M |
| 5 |
PL
PROTECTIVE LIFE CORP
PL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Technology | 12.13% |
| 4 | Industrials | 7.64% |
| 5 | Consumer Discretionary | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
BHP
BHP
$218B
| $224M | 0.47% |
3,870,940
+50,191
| +1% | +$2.95M |
|
52
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $200M | 0.42% |
2,098,595
+130,861
| +7% | +$12.4M |
|
|
FIEU
53
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $187M | 0.39% |
1,368,147
+347,956
| +34% | +$46.7M |
|
54
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $186M | 0.39% |
3,937,553
+187,165
| +5% | +$8.82M |
|
|
TTM
55
DELISTED
Tata Motors Limited
TTM
| $180M | 0.38% |
4,596,805
+792,280
| +21% | +$30.4M |
|
|
SIVB
56
DELISTED
SVB Financial Group
SIVB
| $173M | 0.36% |
1,480,024
+54,235
| +4% | +$6.05M |
|
57
Dr. Reddy's Laboratories
RDY
$9.85B
| $163M | 0.34% |
18,865,570
+7,251,255
| +62% | +$61M |
|
|
FIEG
58
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $156M | 0.33% |
1,189,494
+427,630
| +56% | +$53.9M |
|
59
Infosys
INFY
$48.4B
| $146M | 0.31% |
21,719,784
+9,262,408
| +74% | +$61.6M |
|
|
WDR
60
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $134M | 0.28% |
2,142,223
-39,311
| -2% | -$2.54M |
|
|
PRXL
61
DELISTED
Parexel International Corp
PRXL
| $131M | 0.28% |
2,475,274
-58,730
| -2% | -$2.95M |
|
62
Domino's
DPZ
$11.7B
| $129M | 0.27% |
1,766,010
+1,840
| +0.1% | +$135K |
|
63
Smith & Nephew
SNN
$13.6B
| $122M | 0.26% |
3,403,563
+918,285
| +37% | +$30.1M |
|
|
KATE
64
DELISTED
Kate Spade & Company
KATE
| $115M | 0.24% |
3,024,928
-15,788
| -0.5% | -$565K |
|
65
East-West Bancorp
EWBC
$17.9B
| $108M | 0.23% |
3,074,159
-4,760
| -0.2% | -$165K |
|
|
CAB
66
DELISTED
Cabela's Inc
CAB
| $105M | 0.22% |
1,675,537
-46,612
| -3% | -$2.95M |
|
67
NCR Voyix
VYX
$1.12B
| $103M | 0.22% |
4,776,532
-69,676
| -1% | -$1.41M |
|
|
TQNT
68
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $99.7M | 0.21% |
6,303,352
+197,595
| +3% | +$2.93M |
|
|
PACW
69
DELISTED
PacWest Bancorp
PACW
| $99.5M | 0.21% |
+2,305,378
| New | +$96.1M |
|
70
Baidu
BIDU
$36.5B
| $95.2M | 0.2% |
509,385
+73,937
| +17% | +$12.1M |
|
|
RYL
71
DELISTED
RYLAND GROUP INC
RYL
| $93M | 0.2% |
2,358,704
-210,988
| -8% | -$8.1M |
|
|
PMCS
72
DELISTED
P M C SIERRA INC
PMCS
| $89.6M | 0.19% |
11,768,450
-225,555
| -2% | -$1.63M |
|
73
Credicorp
BAP
$32B
| $89.5M | 0.19% |
575,975
+73,182
| +15% | +$11M |
|
74
Webster Financial
WBS
$12.5B
| $87.6M | 0.18% |
2,777,539
-68,400
| -2% | -$2.09M |
|
75
Lazard
LAZ
$4.09B
| $85.9M | 0.18% |
1,666,097
+152,904
| +10% | +$7.53M |
|
Similar funds
Ken Fisher's Q2 2014 Portfolio in Review
As of Q2 2014, Ken Fisher held 668 positions worth $47.6B, up 7.3% from $44.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher deployed $2.03B of net new capital in Q2 2014, opening 82 new positions and adding to 273 existing holdings. Its largest new stake was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, an estimated $958M trimmed.
- Ken Fisher's largest Q2 2014 buy was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
- Ken Fisher added most to Merck in Q2 2014, an estimated $328M increase.
- Ken Fisher's biggest Q2 2014 reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, cutting an estimated $958M.
- Ken Fisher fully exited CAPITALSOURCE INC in Q2 2014, selling an estimated $95.8M.
- Ken Fisher's ten largest holdings make up 23% of its $47.6B portfolio in Q2 2014.
- Ken Fisher opened 82 new positions and closed 70 in Q2 2014.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $47.6B.
Based on Fisher Asset Management's 13F filing for Q2 2014, filed 25 Jul 2014.