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 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$518M |
| 2 |
Citigroup
C
|
+$271M |
| 3 |
Bank of America
BAC
|
+$254M |
| 4 |
RTX Corp
RTX
|
+$233M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$507M |
| 2 |
British American Tobacco
BTI
|
+$298M |
| 3 |
Vodafone
VOD
|
+$272M |
| 4 |
ABV
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
|
+$267M |
| 5 |
BHP
BHP
|
+$226M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.1% |
| 2 | Technology | 14.63% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 7.86% |
| 5 | Industrials | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FIEU
126
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $45.1M | 0.11% |
+411,032
| New | +$44.6M |
|
127
Prestige Consumer Healthcare
PBH
$2.37B
| $44.8M | 0.11% |
1,487,825
-3,425
| -0.2% | -$112K |
|
|
INVX
128
Innovex International
INVX
$1.85B
| $44.8M | 0.11% |
390,117
-5,355
| -1% | -$547K |
|
129
Teledyne Technologies
TDY
$30.1B
| $44.5M | 0.11% |
524,237
+3,765
| +0.7% | +$305K |
|
130
Wintrust Financial
WTFC
$10.8B
| $42.8M | 0.11% |
+1,041,130
| New | +$42.3M |
|
|
SF
131
Stifel
SF
$12.5B
| $42.8M | 0.11% |
2,333,500
+142,594
| +7% | +$2.49M |
|
132
Regal Rexnord
RRX
$13.5B
| $42.7M | 0.11% |
628,142
+8,350
| +1% | +$555K |
|
|
DHC
133
Diversified Healthcare Trust
DHC
$2.17B
| $42.5M | 0.1% |
1,838,193
-184,805
| -9% | -$4.47M |
|
134
Infosys
INFY
$48.4B
| $42.2M | 0.1% |
7,015,880
+1,263,600
| +22% | +$7.49M |
|
135
Cemex
CX
$17.2B
| $42.1M | 0.1% |
4,403,295
+3,077
| +0.1% | +$30.2K |
|
136
Mueller Industries
MLI
$14.8B
| $41.7M | 0.1% |
5,995,936
+12,280
| +0.2% | +$84.6K |
|
137
Bio-Rad Laboratories Class A
BIO
$8.74B
| $41.5M | 0.1% |
352,921
-935
| -0.3% | -$110K |
|
138
Credicorp
BAP
$32B
| $41.4M | 0.1% |
335,015
+7,948
| +2% | +$947K |
|
|
MENT
139
DELISTED
Mentor Graphics Corp
MENT
| $41.2M | 0.1% |
1,762,123
-8,850
| -0.5% | -$190K |
|
|
RDEN
140
DELISTED
ELIZABETH ARDEN INC
RDEN
| $40.9M | 0.1% |
1,107,759
+230
| +0% | +$9.02K |
|
141
Mid-America Apartment Communities
MAA
$15.5B
| $40.9M | 0.1% |
653,787
-22,375
| -3% | -$1.45M |
|
|
BMR
142
DELISTED
BIOMED REALTY TRUST INC
BMR
| $39.9M | 0.1% |
2,145,270
-203,530
| -9% | -$3.99M |
|
|
DFT
143
DELISTED
DuPont Fabros Technology Inc.
DFT
| $39.7M | 0.1% |
1,540,165
-8,465
| -0.5% | -$201K |
|
144
Pool Corp
POOL
$6.95B
| $39.2M | 0.1% |
699,735
+2,750
| +0.4% | +$149K |
|
145
Goldman Sachs
GS
$302B
| $39.1M | 0.1% |
247,243
+244,910
| +10,498% | +$39.4M |
|
146
NNN REIT
NNN
$9.16B
| $37.7M | 0.09% |
1,185,924
+1,250
| +0.1% | +$41.6K |
|
147
NETGEAR
NTGR
$616M
| $37.5M | 0.09% |
1,214,369
+22,930
| +2% | +$704K |
|
|
EMBJ
148
Embraer S.A. ADS
EMBJ
$12.1B
| $37.4M | 0.09% |
1,151,609
+50,725
| +5% | +$1.76M |
|
149
Baidu
BIDU
$36.5B
| $36.6M | 0.09% |
235,746
-8,781
| -4% | -$1.13M |
|
150
Texas Capital Bancshares
TCBI
$4.29B
| $36.3M | 0.09% |
790,910
+116,160
| +17% | +$5.35M |
|
Similar funds
Ken Fisher's Q3 2013 Portfolio in Review
As of Q3 2013, Ken Fisher held 585 positions worth $40.6B, up 5.4% from $38.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2013 filing shows 60 new, 219 increased, 193 reduced and 51 closed positions. Its largest new stake was Cadence Bank: 2,667,685 shares worth $53.2M. The largest sale was Philip Morris, an estimated $507M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2013 buy was Cadence Bank: 2,667,685 shares worth $53.2M.
- Ken Fisher added most to Barclays ETN+ FI Enhanced Europe 50 ETN in Q3 2013, an estimated $518M increase.
- Ken Fisher's biggest Q3 2013 reduction was Philip Morris, cutting an estimated $507M.
- Ken Fisher fully exited SAKS INCORPORATED in Q3 2013, selling an estimated $75M.
- Ken Fisher's ten largest holdings make up 22% of its $40.6B portfolio in Q3 2013.
- Ken Fisher opened 60 new positions and closed 51 in Q3 2013.
- Ken Fisher's portfolio value rose 5.4% quarter-over-quarter to $40.6B.
Based on Fisher Asset Management's 13F filing for Q3 2013, filed 18 Oct 2013.