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 | |
|---|---|---|---|---|---|---|
|
LSI
101
DELISTED
Life Storage, Inc.
LSI
| $63.5M | 0.14% |
1,296,138
-78,173
| -6% | -$3.65M |
|
|
ARMH
102
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $62.7M | 0.14% |
1,229,457
-151,583
| -11% | -$7.37M |
|
103
MSC Industrial Direct
MSM
$6.78B
| $62.2M | 0.14% |
718,685
+18,068
| +3% | +$1.54M |
|
104
Toro Company
TTC
$8.72B
| $61.9M | 0.14% |
1,959,154
-22,150
| -1% | -$712K |
|
105
ASML
ASML
$634B
| $61.6M | 0.14% |
660,348
-210,925
| -24% | -$18.8M |
|
106
Sally Beauty Holdings
SBH
$1.46B
| $61.4M | 0.14% |
2,242,425
-751,785
| -25% | -$21.4M |
|
107
Prudential
PUK
$38.5B
| $61M | 0.14% |
1,477,741
-482,417
| -25% | -$20.6M |
|
|
AAWW
108
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $60.8M | 0.14% |
1,723,690
+1,276,080
| +285% | +$44.8M |
|
109
Televisa
TV
$1.52B
| $60.3M | 0.14% |
1,811,967
+324,099
| +22% | +$9.76M |
|
110
Vishay Intertechnology
VSH
$5.18B
| $59.8M | 0.13% |
4,017,237
-85,280
| -2% | -$1.2M |
|
|
BECN
111
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $58.2M | 0.13% |
1,505,945
+860,020
| +133% | +$33.2M |
|
112
HUB Group
HUBG
$2.78B
| $57.7M | 0.13% |
2,886,160
+1,981,370
| +219% | +$40.1M |
|
113
Ingredion
INGR
$6.33B
| $57.6M | 0.13% |
845,978
-219,780
| -21% | -$14.4M |
|
114
Darling Ingredients
DAR
$9.69B
| $56.7M | 0.13% |
2,834,568
-600,760
| -17% | -$12M |
|
115
Prosperity Bancshares
PB
$8.97B
| $56.2M | 0.13% |
850,113
+109,625
| +15% | +$6.94M |
|
116
Heartland Express
HTLD
$986M
| $55.8M | 0.13% |
2,459,060
+1,540,265
| +168% | +$32.2M |
|
|
THS
117
DELISTED
Treehouse Foods
THS
| $55.6M | 0.13% |
771,702
-150,495
| -16% | -$10.4M |
|
118
Cemex
CX
$17.2B
| $54.6M | 0.12% |
5,056,140
+656,384
| +15% | +$7.07M |
|
119
West Pharmaceutical
WST
$23.9B
| $54.1M | 0.12% |
1,229,033
-13,540
| -1% | -$637K |
|
120
Oceaneering
OII
$4.74B
| $53.5M | 0.12% |
743,908
-11,911
| -2% | -$853K |
|
|
SF
121
Stifel
SF
$12.5B
| $52.9M | 0.12% |
2,391,437
-24,075
| -1% | -$511K |
|
122
ASE Group
ASX
$76.3B
| $52.2M | 0.12% |
9,406,016
+2,340,315
| +33% | +$11.5M |
|
|
MDP
123
DELISTED
Meredith Corporation
MDP
| $52M | 0.12% |
1,119,085
-25,640
| -2% | -$1.18M |
|
|
LUX
124
DELISTED
Luxottica Group
LUX
| $50.9M | 0.11% |
882,753
-298,303
| -25% | -$16M |
|
125
RLJ Lodging Trust
RLJ
$1.87B
| $50.9M | 0.11% |
1,902,395
-28,630
| -1% | -$731K |
|
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.