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 | |
|---|---|---|---|---|---|---|
|
CEO
126
DELISTED
CNOOC Limited
CEO
| $51.6M | 0.12% |
274,840
+25,544
| +10% | +$5.08M |
|
|
OVTI
127
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $51.5M | 0.12% |
2,994,706
-47,925
| -2% | -$727K |
|
|
SF
128
Stifel
SF
$12.5B
| $51.4M | 0.12% |
2,415,512
+82,012
| +4% | +$1.57M |
|
129
Ambev
ABEV
$48.2B
| $50M | 0.11% |
+6,799,210
| New | +$49.7M |
|
130
Baidu
BIDU
$36.5B
| $48.5M | 0.11% |
272,484
+36,738
| +16% | +$5.94M |
|
131
Credicorp
BAP
$32B
| $48.1M | 0.11% |
376,533
+41,518
| +12% | +$5.29M |
|
132
Texas Capital Bancshares
TCBI
$4.29B
| $47.9M | 0.11% |
770,725
-20,185
| -3% | -$1.08M |
|
133
Teledyne Technologies
TDY
$30.1B
| $47.2M | 0.11% |
513,512
-10,725
| -2% | -$955K |
|
134
RLJ Lodging Trust
RLJ
$1.87B
| $47M | 0.11% |
1,931,025
-17,300
| -0.9% | -$417K |
|
135
Prosperity Bancshares
PB
$8.97B
| $46.9M | 0.11% |
740,488
-13,150
| -2% | -$830K |
|
136
Mueller Industries
MLI
$14.8B
| $46.3M | 0.1% |
5,877,536
-118,400
| -2% | -$879K |
|
|
EMBJ
137
Embraer S.A. ADS
EMBJ
$12.1B
| $46.2M | 0.1% |
1,435,057
+283,448
| +25% | +$8.99M |
|
138
Regal Rexnord
RRX
$13.5B
| $45.5M | 0.1% |
617,717
-10,425
| -2% | -$756K |
|
139
Televisa
TV
$1.52B
| $45M | 0.1% |
1,487,868
+203,618
| +16% | +$6.01M |
|
140
Cemex
CX
$17.2B
| $44.5M | 0.1% |
4,399,756
-3,539
| -0.1% | -$33.2K |
|
141
Goldman Sachs
GS
$302B
| $43.2M | 0.1% |
243,713
-3,530
| -1% | -$582K |
|
142
Bio-Rad Laboratories Class A
BIO
$8.74B
| $42.3M | 0.1% |
342,216
-10,705
| -3% | -$1.3M |
|
|
MENT
143
DELISTED
Mentor Graphics Corp
MENT
| $41.5M | 0.09% |
1,723,048
-39,075
| -2% | -$883K |
|
|
FIEG
144
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $41.2M | 0.09% |
+360,341
| New | +$39.1M |
|
|
INVX
145
Innovex International
INVX
$1.85B
| $40.4M | 0.09% |
367,192
-22,925
| -6% | -$2.59M |
|
146
NETGEAR
NTGR
$616M
| $39.8M | 0.09% |
1,208,319
-6,050
| -0.5% | -$188K |
|
|
ESRX
147
DELISTED
Express Scripts Holding Company
ESRX
| $39.4M | 0.09% |
560,420
-11,773
| -2% | -$769K |
|
|
DHC
148
Diversified Healthcare Trust
DHC
$2.17B
| $39.3M | 0.09% |
1,783,249
-54,944
| -3% | -$1.27M |
|
149
Pool Corp
POOL
$6.95B
| $38.9M | 0.09% |
668,460
-31,275
| -4% | -$1.73M |
|
|
TKP
150
DELISTED
TECHNIP ADS (EA REPTG ONE ORD SHS)
TKP
| $38.8M | 0.09% |
1,611,048
-4,455
| -0.3% | -$107K |
|
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.