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 | |
|---|---|---|---|---|---|---|
126
BP
BP
$116B
| $50.8M | 0.11% |
1,291,251
-505,190
| -28% | -$19.9M |
|
127
Texas Capital Bancshares
TCBI
$4.3B
| $49.6M | 0.11% |
763,825
-6,900
| -0.9% | -$427K |
|
|
SUSQ
128
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $49.5M | 0.11% |
4,356,426
-82,275
| -2% | -$935K |
|
129
Teledyne Technologies
TDY
$30.4B
| $49M | 0.11% |
503,852
-9,660
| -2% | -$916K |
|
130
Westamerica Bancorp
WABC
$1.38B
| $48.9M | 0.11% |
904,538
-11,445
| -1% | -$596K |
|
|
FIBG
131
DELISTED
CS FI Enhanced Big Cap Growth ETN
FIBG
| $48.8M | 0.11% |
1,050,292
+579,441
| +123% | +$26.5M |
|
132
Helmerich & Payne
HP
$3.45B
| $47.5M | 0.11% |
441,755
-384,405
| -47% | -$35.7M |
|
133
Meritage Homes
MTH
$4.58B
| $44.7M | 0.1% |
2,135,130
-32,010
| -1% | -$729K |
|
134
Regal Rexnord
RRX
$13.7B
| $44.4M | 0.1% |
610,092
-7,625
| -1% | -$563K |
|
135
Ambev
ABEV
$48.1B
| $44.1M | 0.1% |
5,957,750
-841,460
| -12% | -$5.89M |
|
|
SYT
136
DELISTED
Syngenta Ag
SYT
| $44.1M | 0.1% |
581,599
-290,921
| -33% | -$21.6M |
|
137
Mueller Industries
MLI
$14.7B
| $43.6M | 0.1% |
5,818,976
-58,560
| -1% | -$449K |
|
138
Bio-Rad Laboratories Class A
BIO
$8.71B
| $43.2M | 0.1% |
337,141
-5,075
| -1% | -$651K |
|
139
Gilead Sciences
GILD
$162B
| $42.6M | 0.1% |
601,758
-331,497
| -36% | -$26M |
|
140
Mid-America Apartment Communities
MAA
$15.4B
| $42.1M | 0.09% |
616,247
-11,675
| -2% | -$765K |
|
|
BMR
141
DELISTED
BIOMED REALTY TRUST INC
BMR
| $41.8M | 0.09% |
2,038,335
-49,885
| -2% | -$984K |
|
142
Prestige Consumer Healthcare
PBH
$2.38B
| $41.5M | 0.09% |
1,524,150
+2,850
| +0.2% | +$84.7K |
|
143
Merck
MRK
$322B
| $41.2M | 0.09% |
759,861
-392,902
| -34% | -$20.3M |
|
|
INVX
144
Innovex International
INVX
$1.96B
| $40.7M | 0.09% |
363,037
-4,155
| -1% | -$430K |
|
145
Pool Corp
POOL
$6.75B
| $40.6M | 0.09% |
662,535
-5,925
| -0.9% | -$341K |
|
146
Ecopetrol
EC
$34.5B
| $40.5M | 0.09% |
991,840
+120,711
| +14% | +$4.32M |
|
|
ASNA
147
DELISTED
Ascena Retail Group, Inc.
ASNA
| $40.4M | 0.09% |
117,004
-14,289
| -11% | -$5.43M |
|
148
NETGEAR
NTGR
$648M
| $40M | 0.09% |
1,184,894
-23,425
| -2% | -$784K |
|
149
NNN REIT
NNN
$9.04B
| $39.1M | 0.09% |
1,138,504
-21,920
| -2% | -$731K |
|
|
DHC
150
Diversified Healthcare Trust
DHC
$2.15B
| $39M | 0.09% |
1,749,327
-33,922
| -2% | -$742K |
|
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.