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 | Miscellaneous | 23.68% |
| 2 | Financials | 19.76% |
| 3 | Technology | 12.76% |
| 4 | Healthcare | 12.23% |
| 5 | Consumer Discretionary | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prudential
PUK
$33B
| $85.6M | 0.19% |
1,960,158
+473,749
| +32% | +$18.8M |
|
|
TTM
77
DELISTED
Tata Motors Limited
TTM
| $85.3M | 0.19% |
2,770,475
+309,684
| +13% | +$9.49M |
|
|
CADE
78
DELISTED
Cadence Bank
CADE
| $84.5M | 0.19% |
3,325,590
+657,905
| +25% | +$15M |
|
|
OUTR
79
DELISTED
OUTERWALL INC
OUTR
| $83.7M | 0.19% |
1,244,593
-17,350
| -1% | -$1.13M |
|
|
FEIC
80
DELISTED
FEI COMPANY
FEIC
| $83.1M | 0.19% |
929,743
-140,515
| -13% | -$12.5M |
|
81
ASML
ASML
$652B
| $81.6M | 0.19% |
871,273
-250,471
| -22% | -$23.2M |
|
|
JNS
82
DELISTED
Janus Capital Group Inc
JNS
| $81.4M | 0.18% |
6,576,601
-104,825
| -2% | -$1.08M |
|
83
Veeco
VECO
$2.74B
| $80M | 0.18% |
2,429,597
-46,030
| -2% | -$1.49M |
|
84
Steris
STE
$20.5B
| $79M | 0.18% |
1,644,036
-51,825
| -3% | -$2.37M |
|
|
PMCS
85
DELISTED
P M C SIERRA INC
PMCS
| $78.7M | 0.18% |
12,244,220
-170,840
| -1% | -$1.06M |
|
86
Lincoln Electric
LECO
$13.8B
| $78.2M | 0.18% |
1,095,972
-5,350
| -0.5% | -$376K |
|
87
Perrigo
PRGO
$1.9B
| $76.2M | 0.17% |
496,229
-87,553
| -15% | -$12.6M |
|
88
Smith & Nephew
SNN
$11.5B
| $75.6M | 0.17% |
2,635,690
+14,737
| +0.6% | +$389K |
|
|
FMER
89
DELISTED
FIRSTMERIT CORP
FMER
| $75.6M | 0.17% |
3,402,267
-82,975
| -2% | -$1.86M |
|
|
ARMH
90
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $75.6M | 0.17% |
1,381,040
-11,025
| -0.8% | -$537K |
|
|
WMGI
91
DELISTED
Wright Medical Group Inc
WMGI
| $75.3M | 0.17% |
2,451,584
-37,300
| -1% | -$1.06M |
|
|
HRC
92
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $74.7M | 0.17% |
1,806,479
-39,275
| -2% | -$1.57M |
|
93
Ingredion
INGR
$6.34B
| $73M | 0.17% |
1,065,758
-32,775
| -3% | -$2.22M |
|
94
Darling Ingredients
DAR
$10.3B
| $71.7M | 0.16% |
3,435,328
-69,975
| -2% | -$1.5M |
|
95
BP
BP
$119B
| $71.4M | 0.16% |
1,796,441
-1,346
| -0.1% | -$50.1K |
|
|
AXE
96
DELISTED
Anixter International Inc
AXE
| $71.3M | 0.16% |
793,728
-16,150
| -2% | -$1.4M |
|
97
Lazard
LAZ
$4.01B
| $70.1M | 0.16% |
1,546,668
-12,850
| -0.8% | -$520K |
|
98
Gilead Sciences
GILD
$178B
| $70.1M | 0.16% |
933,255
-44,103
| -5% | -$3.07M |
|
|
SYT
99
DELISTED
Syngenta Ag
SYT
| $69.7M | 0.16% |
872,520
-3,220
| -0.4% | -$254K |
|
100
Helmerich & Payne
HP
$4.4B
| $69.5M | 0.16% |
826,160
-94,015
| -10% | -$7.32M |
|
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 Miscellaneous at 24% of assets, up from 23% a quarter earlier, followed by Financials and Technology.
- 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.