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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PL
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.26% |
| 2 | Healthcare | 14.53% |
| 3 | Technology | 12.41% |
| 4 | Industrials | 7.4% |
| 5 | Consumer Discretionary | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AXE
101
DELISTED
Anixter International Inc
AXE
| $63.9M | 0.14% |
753,298
-8,528
| -1% | -$774K |
|
102
Prudential
PUK
$38.5B
| $63.8M | 0.14% |
1,476,933
-18,596
| -1% | -$844K |
|
103
ASE Group
ASX
$76.3B
| $62.6M | 0.13% |
10,598,324
+861,295
| +9% | +$5.42M |
|
|
LSI
104
DELISTED
Life Storage, Inc.
LSI
| $62.3M | 0.13% |
1,257,228
-5,003
| -0.4% | -$257K |
|
105
Henry Schein
HSIC
$9.7B
| $62.2M | 0.13% |
1,361,764
-22,896
| -2% | -$1.06M |
|
106
MSC Industrial Direct
MSM
$6.78B
| $60M | 0.13% |
702,247
+7,556
| +1% | +$673K |
|
107
Heartland Express
HTLD
$986M
| $59.9M | 0.13% |
2,500,028
+3,905
| +0.2% | +$90.3K |
|
108
Cemex
CX
$17.2B
| $59.6M | 0.13% |
5,140,285
-10,745
| -0.2% | -$125K |
|
109
Glacier Bancorp
GBCI
$6.38B
| $59.3M | 0.13% |
2,291,615
+112,910
| +5% | +$3.06M |
|
110
Ingredion
INGR
$6.33B
| $58.9M | 0.13% |
776,673
+2,992
| +0.4% | +$233K |
|
|
THS
111
DELISTED
Treehouse Foods
THS
| $58.8M | 0.13% |
730,237
-5,015
| -0.7% | -$396K |
|
112
Vishay Intertechnology
VSH
$5.18B
| $58.3M | 0.12% |
4,076,968
+167,991
| +4% | +$2.57M |
|
113
AbbVie
ABBV
$455B
| $57.7M | 0.12% |
999,768
-104,841
| -9% | -$5.82M |
|
114
Toro Company
TTC
$8.72B
| $57.1M | 0.12% |
1,929,158
+18,008
| +0.9% | +$549K |
|
115
West Pharmaceutical
WST
$23.9B
| $56.7M | 0.12% |
1,266,032
-40,249
| -3% | -$1.71M |
|
|
AAWW
116
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $56.6M | 0.12% |
1,714,267
-3,155
| -0.2% | -$109K |
|
|
117
Chemed
CHE
$7.1B
| $54.6M | 0.12% |
+530,910
| New | +$53.8M |
|
|
ARMH
118
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $53.6M | 0.11% |
1,225,833
-9,892
| -0.8% | -$449K |
|
119
RLJ Lodging Trust
RLJ
$1.87B
| $53.5M | 0.11% |
1,880,323
-9,470
| -0.5% | -$276K |
|
|
OUTR
120
DELISTED
OUTERWALL INC
OUTR
| $52.9M | 0.11% |
943,381
-264,306
| -22% | -$15.3M |
|
|
SF
121
Stifel
SF
$12.5B
| $52.7M | 0.11% |
2,530,593
+127,001
| +5% | +$2.65M |
|
122
WPP
WPP
$4.41B
| $50.7M | 0.11% |
504,889
-1,579
| -0.3% | -$164K |
|
123
Oceaneering
OII
$4.74B
| $47.6M | 0.1% |
729,693
-9,061
| -1% | -$626K |
|
124
Prosperity Bancshares
PB
$8.97B
| $47.3M | 0.1% |
827,783
-20,895
| -2% | -$1.25M |
|
125
Prestige Consumer Healthcare
PBH
$2.37B
| $46.9M | 0.1% |
1,448,650
+21,975
| +2% | +$735K |
|
Similar funds
Ken Fisher's Q3 2014 Portfolio in Review
As of Q3 2014, Ken Fisher held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Ken Fisher's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Ken Fisher fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Ken Fisher's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Ken Fisher opened 47 new positions and closed 61 in Q3 2014.
- Ken Fisher's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.