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 | Financials | 19.72% |
| 2 | Technology | 12.76% |
| 3 | Healthcare | 12.06% |
| 4 | Consumer Discretionary | 7.83% |
| 5 | Industrials | 7.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Glacier Bancorp
GBCI
$6.38B
| $68.4M | 0.16% |
2,297,410
-49,075
| -2% | -$1.37M |
|
|
FCS
102
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $67.3M | 0.15% |
5,038,947
-86,050
| -2% | -$1.1M |
|
|
LUX
103
DELISTED
Luxottica Group
LUX
| $63.7M | 0.14% |
1,181,056
-144,653
| -11% | -$7.5M |
|
|
THS
104
DELISTED
Treehouse Foods
THS
| $63.6M | 0.14% |
922,197
-17,425
| -2% | -$1.23M |
|
105
Toro Company
TTC
$8.72B
| $63M | 0.14% |
1,981,304
-33,300
| -2% | -$982K |
|
|
AEL
106
DELISTED
American Equity Investment Life Holding Company
AEL
| $61.9M | 0.14% |
2,345,625
+31,875
| +1% | +$726K |
|
107
Henry Schein
HSIC
$9.7B
| $61.6M | 0.14% |
1,375,082
-119,379
| -8% | -$5.22M |
|
108
Wintrust Financial
WTFC
$10.8B
| $61.6M | 0.14% |
1,335,840
+294,710
| +28% | +$13M |
|
109
Dr. Reddy's Laboratories
RDY
$9.85B
| $61M | 0.14% |
7,430,615
+770,715
| +12% | +$6.1M |
|
110
West Pharmaceutical
WST
$23.9B
| $61M | 0.14% |
1,242,573
-32,825
| -3% | -$1.54M |
|
111
Infosys
INFY
$48.4B
| $60.1M | 0.14% |
8,499,872
+1,483,992
| +21% | +$9.99M |
|
|
TQNT
112
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $59.7M | 0.14% |
7,162,642
+728,125
| +11% | +$5.81M |
|
|
LSI
113
DELISTED
Life Storage, Inc.
LSI
| $59.7M | 0.14% |
1,374,311
-32,175
| -2% | -$1.52M |
|
114
Oceaneering
OII
$4.74B
| $59.6M | 0.14% |
755,819
-39,462
| -5% | -$3.2M |
|
|
MDP
115
DELISTED
Meredith Corporation
MDP
| $59.3M | 0.13% |
1,144,725
-15,280
| -1% | -$780K |
|
116
Mitsubishi UFJ Financial
MUFG
$254B
| $57.7M | 0.13% |
8,637,575
-48,324
| -0.6% | -$310K |
|
|
SUSQ
117
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $57M | 0.13% |
4,438,701
-97,160
| -2% | -$1.21M |
|
118
MSC Industrial Direct
MSM
$6.78B
| $56.7M | 0.13% |
700,617
+13,242
| +2% | +$1.05M |
|
|
ASNA
119
DELISTED
Ascena Retail Group, Inc.
ASNA
| $55.6M | 0.13% |
131,293
-1,722
| -1% | -$703K |
|
120
AbbVie
ABBV
$455B
| $55.1M | 0.12% |
1,042,521
-23,411
| -2% | -$1.15M |
|
121
Merck
MRK
$321B
| $55.1M | 0.12% |
1,152,763
+225
| +0% | +$10.3K |
|
122
Prestige Consumer Healthcare
PBH
$2.37B
| $54.5M | 0.12% |
1,521,300
+33,475
| +2% | +$1.11M |
|
123
Vishay Intertechnology
VSH
$5.18B
| $54.4M | 0.12% |
4,102,517
-95,500
| -2% | -$1.21M |
|
124
Meritage Homes
MTH
$4.72B
| $52M | 0.12% |
2,167,140
-16,300
| -0.7% | -$353K |
|
125
Westamerica Bancorp
WABC
$1.38B
| $51.7M | 0.12% |
915,983
-23,675
| -3% | -$1.26M |
|
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 Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- 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.