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 |
UBS Group
UBS
|
+$423M |
| 2 |
CS
Credit Suisse Group
CS
|
+$261M |
| 3 |
Barclays
BCS
|
+$240M |
| 4 |
ABB
ABB Ltd
ABB
|
+$161M |
| 5 |
Trip.com Group
TCOM
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lloyds Banking Group
LYG
|
+$230M |
| 2 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$162M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$84M |
| 4 |
BHP
BHP
|
+$60.3M |
| 5 |
SUSQ
SUSQUEHANNA BANCSHARES INC
SUSQ
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.7% |
| 2 | Healthcare | 13.73% |
| 3 | Technology | 13.21% |
| 4 | Industrials | 7.16% |
| 5 | Consumer Discretionary | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Barclays
BCS
$93.4B
| $255M | 0.53% |
18,300,139
+17,481,015
| +2,134% | +$240M |
|
|
CS
52
DELISTED
Credit Suisse Group
CS
| $251M | 0.52% |
9,991,031
+9,975,937
| +66,092% | +$261M |
|
|
TTM
53
DELISTED
Tata Motors Limited
TTM
| $243M | 0.5% |
5,749,930
+825,832
| +17% | +$36.8M |
|
54
Infosys
INFY
$48.4B
| $221M | 0.46% |
28,122,304
+4,557,392
| +19% | +$36.9M |
|
55
Dr. Reddy's Laboratories
RDY
$9.85B
| $210M | 0.43% |
20,767,860
+793,520
| +4% | +$8.35M |
|
|
FIEG
56
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $206M | 0.43% |
1,746,547
+291,116
| +20% | +$34.9M |
|
57
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $201M | 0.42% |
4,168,840
+99,186
| +2% | +$4.78M |
|
58
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $200M | 0.41% |
2,233,962
+44,263
| +2% | +$4.03M |
|
|
FIEU
59
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $183M | 0.38% |
1,766,414
+187,679
| +12% | +$21.3M |
|
|
BF
60
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $178M | 0.37% |
2,106,048
-993,680
| -32% | -$84M |
|
|
SIVB
61
DELISTED
SVB Financial Group
SIVB
| $170M | 0.35% |
1,468,691
-10,718
| -0.7% | -$1.17M |
|
62
Domino's
DPZ
$11.7B
| $163M | 0.34% |
1,733,490
-16,595
| -0.9% | -$1.49M |
|
|
ABB
63
DELISTED
ABB Ltd
ABB
| $157M | 0.33% |
+7,440,894
| New | +$161M |
|
|
TQNT
64
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $154M | 0.32% |
5,597,391
-618,811
| -10% | -$13.8M |
|
65
Baidu
BIDU
$36.5B
| $152M | 0.32% |
668,773
+107,925
| +19% | +$24.7M |
|
|
PRXL
66
DELISTED
Parexel International Corp
PRXL
| $136M | 0.28% |
2,455,751
+28,259
| +1% | +$1.63M |
|
67
Credicorp
BAP
$32B
| $124M | 0.26% |
771,652
+139,547
| +22% | +$22.2M |
|
68
East-West Bancorp
EWBC
$17.9B
| $117M | 0.24% |
3,023,531
-40,978
| -1% | -$1.48M |
|
|
PMCS
69
DELISTED
P M C SIERRA INC
PMCS
| $108M | 0.22% |
11,840,412
+60,950
| +0.5% | +$482K |
|
|
WDR
70
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $106M | 0.22% |
2,122,331
-17,135
| -0.8% | -$818K |
|
71
Steris
STE
$22.5B
| $106M | 0.22% |
1,628,706
+21,535
| +1% | +$1.33M |
|
|
72
BHP
BHP
$218B
| $104M | 0.22% |
2,602,947
-1,306,164
| -33% | -$60.3M |
|
73
Prudential
PUK
$38.5B
| $103M | 0.21% |
2,299,107
+822,174
| +56% | +$36.6M |
|
|
PACW
74
DELISTED
PacWest Bancorp
PACW
| $102M | 0.21% |
2,252,735
-34,890
| -2% | -$1.53M |
|
|
75
Trip.com Group
TCOM
$29.3B
| $101M | 0.21% |
4,427,330
+4,301,848
| +3,428% | +$113M |
|
Similar funds
Ken Fisher's Q4 2014 Portfolio in Review
As of Q4 2014, Ken Fisher held 664 positions worth $48.4B, up 3.1% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2014 filing shows 80 new, 228 increased, 245 reduced and 44 closed positions. Its largest new stake was UBS Group: 24,721,456 shares worth $422M. The largest sale was Lloyds Banking Group, an estimated $230M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2014 buy was UBS Group: 24,721,456 shares worth $422M.
- Ken Fisher added most to Credit Suisse Group in Q4 2014, an estimated $261M increase.
- Ken Fisher's biggest Q4 2014 reduction was Lloyds Banking Group, cutting an estimated $230M.
- Ken Fisher fully exited SUSQUEHANNA BANCSHARES INC in Q4 2014, selling an estimated $42.8M.
- Ken Fisher's ten largest holdings make up 22% of its $48.4B portfolio in Q4 2014.
- Ken Fisher opened 80 new positions and closed 44 in Q4 2014.
- Ken Fisher's portfolio value rose 3.1% quarter-over-quarter to $48.4B.
Based on Fisher Asset Management's 13F filing for Q4 2014, filed 29 Jan 2015.