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 iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PL
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.26% |
| 2 | Healthcare | 14.53% |
| 3 | Technology | 12.41% |
| 4 | Industrials | 7.4% |
| 5 | Consumer Discretionary | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TTM
51
DELISTED
Tata Motors Limited
TTM
| $215M | 0.46% |
4,924,098
+327,293
| +7% | +$14.3M |
|
52
Dr. Reddy's Laboratories
RDY
$9.85B
| $210M | 0.45% |
19,974,340
+1,108,770
| +6% | +$10.4M |
|
53
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $201M | 0.43% |
2,189,699
+91,104
| +4% | +$8.52M |
|
54
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $195M | 0.42% |
4,069,654
+132,101
| +3% | +$6.29M |
|
55
BHP
BHP
$218B
| $195M | 0.41% |
3,909,111
+38,171
| +1% | +$2.22M |
|
|
FIEU
56
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $193M | 0.41% |
1,578,735
+210,588
| +15% | +$27.3M |
|
|
FIEG
57
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $179M | 0.38% |
1,455,431
+265,937
| +22% | +$34.3M |
|
58
Infosys
INFY
$48.4B
| $178M | 0.38% |
23,564,912
+1,845,128
| +8% | +$13.3M |
|
|
SIVB
59
DELISTED
SVB Financial Group
SIVB
| $166M | 0.35% |
1,479,409
-615
| -0% | -$68.2K |
|
|
PRXL
60
DELISTED
Parexel International Corp
PRXL
| $153M | 0.33% |
2,427,492
-47,782
| -2% | -$2.72M |
|
61
Domino's
DPZ
$11.7B
| $135M | 0.29% |
1,750,085
-15,925
| -0.9% | -$1.19M |
|
62
Baidu
BIDU
$36.5B
| $122M | 0.26% |
560,848
+51,463
| +10% | +$10.9M |
|
|
TQNT
63
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $119M | 0.25% |
6,216,202
-87,150
| -1% | -$1.62M |
|
|
WDR
64
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $111M | 0.24% |
2,139,466
-2,757
| -0.1% | -$154K |
|
65
East-West Bancorp
EWBC
$17.9B
| $104M | 0.22% |
3,064,509
-9,650
| -0.3% | -$335K |
|
66
Credicorp
BAP
$32B
| $97M | 0.21% |
632,105
+56,130
| +10% | +$8.6M |
|
|
PACW
67
DELISTED
PacWest Bancorp
PACW
| $94.3M | 0.2% |
2,287,625
-17,753
| -0.8% | -$744K |
|
|
EMBJ
68
Embraer S.A. ADS
EMBJ
$12.1B
| $93.5M | 0.2% |
2,383,903
+63,035
| +3% | +$2.44M |
|
|
KSU
69
DELISTED
Kansas City Southern
KSU
| $92.9M | 0.2% |
766,140
-11,788
| -2% | -$1.34M |
|
|
HPY
70
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $88.9M | 0.19% |
1,862,181
+57,977
| +3% | +$2.7M |
|
|
PMCS
71
DELISTED
P M C SIERRA INC
PMCS
| $87.9M | 0.19% |
11,779,462
+11,012
| +0.1% | +$80.6K |
|
72
Raymond James Financial
RJF
$33.6B
| $87.5M | 0.19% |
2,448,573
-42,132
| -2% | -$1.47M |
|
73
Steris
STE
$22.5B
| $86.7M | 0.18% |
1,607,171
+20,460
| +1% | +$1.11M |
|
74
Lazard
LAZ
$4.09B
| $84.8M | 0.18% |
1,673,491
+7,394
| +0.4% | +$387K |
|
75
ScottsMiracle-Gro
SMG
$3.97B
| $82.4M | 0.18% |
1,497,886
+1,593
| +0.1% | +$89.5K |
|
Similar funds
Ken Fisher's Q3 2014 Portfolio in Review
As of Q3 2014, Ken Fisher held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Ken Fisher's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Ken Fisher fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Ken Fisher's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Ken Fisher opened 47 new positions and closed 61 in Q3 2014.
- Ken Fisher's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.