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 | |
|---|---|---|---|---|---|---|
|
BID
101
DELISTED
Sotheby's
BID
| $73M | 0.15% |
1,689,653
-218,010
| -11% | -$8.61M |
|
102
Gilead Sciences
GILD
$163B
| $72.7M | 0.15% |
771,501
+8,078
| +1% | +$835K |
|
103
Televisa
TV
$1.52B
| $72.7M | 0.15% |
2,134,500
+94,459
| +5% | +$3.28M |
|
104
Henry Schein
HSIC
$9.7B
| $72.7M | 0.15% |
1,360,698
-1,066
| -0.1% | -$53K |
|
|
NUVA
105
DELISTED
NuVasive, Inc.
NUVA
| $71.5M | 0.15% |
1,515,939
+338,260
| +29% | +$14.1M |
|
106
ASML
ASML
$634B
| $71.2M | 0.15% |
659,927
-1,280
| -0.2% | -$130K |
|
107
West Pharmaceutical
WST
$23.9B
| $70.3M | 0.15% |
1,320,552
+54,520
| +4% | +$2.73M |
|
|
JNS
108
DELISTED
Janus Capital Group Inc
JNS
| $70.3M | 0.15% |
4,357,465
-94,746
| -2% | -$1.42M |
|
|
OUTR
109
DELISTED
OUTERWALL INC
OUTR
| $70.1M | 0.15% |
932,191
-11,190
| -1% | -$717K |
|
110
NCR Voyix
VYX
$1.12B
| $69.4M | 0.14% |
3,882,288
-57,816
| -1% | -$1.02M |
|
111
Canadian National Railway
CNI
$76.9B
| $67.9M | 0.14% |
985,430
-14,124
| -1% | -$966K |
|
112
ASE Group
ASX
$76.3B
| $67.3M | 0.14% |
10,981,043
+382,719
| +4% | +$2.34M |
|
113
Heartland Express
HTLD
$986M
| $66.5M | 0.14% |
2,461,018
-39,010
| -2% | -$987K |
|
114
Ingredion
INGR
$6.33B
| $66.1M | 0.14% |
778,534
+1,861
| +0.2% | +$148K |
|
115
Wintrust Financial
WTFC
$10.8B
| $65.7M | 0.14% |
1,406,058
-25,130
| -2% | -$1.14M |
|
|
AXE
116
DELISTED
Anixter International Inc
AXE
| $65.5M | 0.14% |
740,633
-12,665
| -2% | -$1.07M |
|
117
AbbVie
ABBV
$455B
| $65.5M | 0.14% |
1,001,105
+1,337
| +0.1% | +$84.3K |
|
|
WMGI
118
DELISTED
Wright Medical Group Inc
WMGI
| $63.2M | 0.13% |
2,350,279
-20,975
| -0.9% | -$614K |
|
119
Glacier Bancorp
GBCI
$6.38B
| $63.1M | 0.13% |
2,270,670
-20,945
| -0.9% | -$568K |
|
120
HUB Group
HUBG
$2.78B
| $63M | 0.13% |
3,307,734
-55,680
| -2% | -$1.04M |
|
|
THS
121
DELISTED
Treehouse Foods
THS
| $62.9M | 0.13% |
735,404
+5,167
| +0.7% | +$428K |
|
|
CAB
122
DELISTED
Cabela's Inc
CAB
| $62.1M | 0.13% |
1,177,968
-25,261
| -2% | -$1.33M |
|
123
Rio Tinto
RIO
$158B
| $61.5M | 0.13% |
1,335,087
+1,323,702
| +11,627% | +$62.4M |
|
124
Toro Company
TTC
$8.72B
| $60.5M | 0.13% |
1,897,058
-32,100
| -2% | -$990K |
|
125
Chemed
CHE
$7.1B
| $60.2M | 0.12% |
570,040
+39,130
| +7% | +$4.13M |
|
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.