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 | |
|---|---|---|---|---|---|---|
|
BID
76
DELISTED
Sotheby's
BID
| $85.3M | 0.19% |
1,959,658
-31,390
| -2% | -$1.5M |
|
77
Infosys
INFY
$48.4B
| $84.4M | 0.19% |
12,457,376
+3,957,504
| +47% | +$28.7M |
|
|
CADE
78
DELISTED
Cadence Bank
CADE
| $84.1M | 0.19% |
3,369,733
+44,143
| +1% | +$1.08M |
|
|
JAH
79
DELISTED
JARDEN CORPORATION
JAH
| $84M | 0.19% |
2,105,343
-25,395
| -1% | -$1.03M |
|
|
TQNT
80
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $81.8M | 0.18% |
6,105,757
-1,056,885
| -15% | -$11M |
|
81
Boston Beer
SAM
$1.93B
| $81.1M | 0.18% |
331,529
-73,340
| -18% | -$16.7M |
|
|
KSU
82
DELISTED
Kansas City Southern
KSU
| $79.4M | 0.18% |
778,107
+16,863
| +2% | +$1.74M |
|
|
AXE
83
DELISTED
Anixter International Inc
AXE
| $79.1M | 0.18% |
779,168
-14,560
| -2% | -$1.42M |
|
84
Lincoln Electric
LECO
$13.7B
| $78.1M | 0.18% |
1,084,487
-11,485
| -1% | -$823K |
|
85
Steris
STE
$22.5B
| $77M | 0.17% |
1,611,856
-32,180
| -2% | -$1.51M |
|
86
Smith & Nephew
SNN
$13.6B
| $76M | 0.17% |
2,485,278
-150,412
| -6% | -$4.55M |
|
|
WMGI
87
DELISTED
Wright Medical Group Inc
WMGI
| $75M | 0.17% |
2,412,479
-39,105
| -2% | -$1.23M |
|
88
Perrigo
PRGO
$1.43B
| $74.8M | 0.17% |
483,860
-12,369
| -2% | -$1.95M |
|
|
HPY
89
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $72.5M | 0.16% |
+1,748,920
| New | +$76M |
|
90
Lazard
LAZ
$4.09B
| $71.3M | 0.16% |
1,513,193
-33,475
| -2% | -$1.51M |
|
|
FMER
91
DELISTED
FIRSTMERIT CORP
FMER
| $71.1M | 0.16% |
3,414,507
+12,240
| +0.4% | +$259K |
|
|
AEL
92
DELISTED
American Equity Investment Life Holding Company
AEL
| $71.1M | 0.16% |
3,009,815
+664,190
| +28% | +$15.3M |
|
|
JNS
93
DELISTED
Janus Capital Group Inc
JNS
| $70M | 0.16% |
6,442,081
-134,520
| -2% | -$1.52M |
|
|
EMBJ
94
Embraer S.A. ADS
EMBJ
$12.1B
| $68.4M | 0.15% |
1,928,574
+493,517
| +34% | +$16.5M |
|
|
HRC
95
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $67.6M | 0.15% |
1,755,284
-51,195
| -3% | -$1.98M |
|
96
Credicorp
BAP
$32B
| $66.7M | 0.15% |
502,793
+126,260
| +34% | +$15.8M |
|
97
Baidu
BIDU
$36.5B
| $66.3M | 0.15% |
435,448
+162,964
| +60% | +$27.3M |
|
98
Glacier Bancorp
GBCI
$6.38B
| $65.5M | 0.15% |
2,252,255
-45,155
| -2% | -$1.27M |
|
99
Henry Schein
HSIC
$9.7B
| $65M | 0.15% |
1,389,531
+14,449
| +1% | +$660K |
|
100
Wintrust Financial
WTFC
$10.8B
| $64.2M | 0.14% |
1,318,403
-17,437
| -1% | -$803K |
|
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.