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 | |
|---|---|---|---|---|---|---|
|
HPY
76
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $99.2M | 0.21% |
1,839,141
-23,040
| -1% | -$1.21M |
|
|
JAH
77
DELISTED
JARDEN CORPORATION
JAH
| $96.8M | 0.2% |
2,021,342
-17,821
| -0.9% | -$775K |
|
|
KATE
78
DELISTED
Kate Spade & Company
KATE
| $94.3M | 0.19% |
2,944,891
-31,725
| -1% | -$906K |
|
79
ScottsMiracle-Gro
SMG
$3.97B
| $93.5M | 0.19% |
1,501,043
+3,157
| +0.2% | +$188K |
|
80
Boston Beer
SAM
$1.93B
| $92M | 0.19% |
317,612
-3,915
| -1% | -$992K |
|
81
Raymond James Financial
RJF
$33.6B
| $91.6M | 0.19% |
2,398,187
-50,386
| -2% | -$1.85M |
|
|
EMBJ
82
Embraer S.A. ADS
EMBJ
$12.1B
| $91.5M | 0.19% |
2,481,692
+97,789
| +4% | +$3.6M |
|
|
KSU
83
DELISTED
Kansas City Southern
KSU
| $91.5M | 0.19% |
749,526
-16,614
| -2% | -$1.99M |
|
84
Webster Financial
WBS
$12.5B
| $89.8M | 0.19% |
2,761,245
-6,795
| -0.2% | -$210K |
|
|
RYL
85
DELISTED
RYLAND GROUP INC
RYL
| $88.7M | 0.18% |
2,300,969
-27,100
| -1% | -$984K |
|
|
AEL
86
DELISTED
American Equity Investment Life Holding Company
AEL
| $84.9M | 0.18% |
2,910,165
-34,740
| -1% | -$903K |
|
|
AZPN
87
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $84.5M | 0.17% |
2,412,215
+1,868,141
| +343% | +$65.4M |
|
88
Smith & Nephew
SNN
$13.6B
| $84.2M | 0.17% |
2,291,837
-141,046
| -6% | -$4.74M |
|
|
AAWW
89
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $83.6M | 0.17% |
1,695,022
-19,245
| -1% | -$783K |
|
90
Lazard
LAZ
$4.09B
| $82.1M | 0.17% |
1,640,544
-32,947
| -2% | -$1.63M |
|
|
FNSR
91
DELISTED
Finisar Corp
FNSR
| $82M | 0.17% |
4,225,863
-970
| -0% | -$16.6K |
|
|
FEIC
92
DELISTED
FEI COMPANY
FEIC
| $80.9M | 0.17% |
895,562
-14,296
| -2% | -$1.19M |
|
93
Perrigo
PRGO
$1.43B
| $77.8M | 0.16% |
465,240
-12,264
| -3% | -$1.92M |
|
94
ICICI Bank
IBN
$109B
| $77M | 0.16% |
7,331,555
+6,160,605
| +526% | +$62.8M |
|
|
HRC
95
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $76.5M | 0.16% |
1,677,872
-20,835
| -1% | -$923K |
|
96
Lincoln Electric
LECO
$13.7B
| $74.5M | 0.15% |
1,078,693
+9,233
| +0.9% | +$645K |
|
97
Veeco
VECO
$2.95B
| $74M | 0.15% |
2,122,674
-26,547
| -1% | -$928K |
|
|
CADE
98
DELISTED
Cadence Bank
CADE
| $73.3M | 0.15% |
3,255,108
-49,920
| -2% | -$1.08M |
|
|
LSI
99
DELISTED
Life Storage, Inc.
LSI
| $73.2M | 0.15% |
1,258,811
+1,583
| +0.1% | +$88.1K |
|
100
RLJ Lodging Trust
RLJ
$1.87B
| $73.2M | 0.15% |
2,182,882
+302,559
| +16% | +$9.62M |
|
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.