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 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$499M |
| 2 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$479M |
| 3 |
Merck
MRK
|
+$328M |
| 4 |
BAY
BAYER AG SPONS ADR
BAY
|
+$287M |
| 5 |
Lloyds Banking Group
LYG
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$958M |
| 2 |
IBM
IBM
|
+$565M |
| 3 |
McDonald's
MCD
|
+$502M |
| 4 |
CSE
CAPITALSOURCE INC
CSE
|
+$95.8M |
| 5 |
PL
PROTECTIVE LIFE CORP
PL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Technology | 12.13% |
| 4 | Industrials | 7.64% |
| 5 | Consumer Discretionary | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Ambev
ABEV
$48.2B
| $52.9M | 0.11% |
7,514,636
+1,556,886
| +26% | +$11.5M |
|
|
MDP
127
DELISTED
Meredith Corporation
MDP
| $52.7M | 0.11% |
1,089,231
-29,854
| -3% | -$1.36M |
|
|
BECN
128
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $52.6M | 0.11% |
1,587,028
+81,083
| +5% | +$2.85M |
|
|
LUX
129
DELISTED
Luxottica Group
LUX
| $51.6M | 0.11% |
889,917
+7,164
| +0.8% | +$406K |
|
130
Helmerich & Payne
HP
$3.37B
| $51.4M | 0.11% |
442,300
+545
| +0.1% | +$59.7K |
|
|
SF
131
Stifel
SF
$12.5B
| $50.6M | 0.11% |
2,403,592
+12,155
| +0.5% | +$250K |
|
132
Prestige Consumer Healthcare
PBH
$2.37B
| $48.4M | 0.1% |
1,426,675
-97,475
| -6% | -$3.12M |
|
133
Teledyne Technologies
TDY
$30.1B
| $48.2M | 0.1% |
496,352
-7,500
| -1% | -$717K |
|
134
Darling Ingredients
DAR
$9.69B
| $48.2M | 0.1% |
2,306,223
-528,345
| -19% | -$10.7M |
|
135
US Bancorp
USB
$98B
| $47.4M | 0.1% |
1,094,467
+1,087,125
| +14,807% | +$45.4M |
|
136
Regal Rexnord
RRX
$13.5B
| $46.3M | 0.1% |
589,137
-20,955
| -3% | -$1.59M |
|
|
UMPQ
137
DELISTED
Umpqua Holdings Corp
UMPQ
| $46.3M | 0.1% |
+2,581,006
| New | +$44.8M |
|
138
Westamerica Bancorp
WABC
$1.38B
| $46.2M | 0.1% |
883,873
-20,665
| -2% | -$1.05M |
|
|
SUSQ
139
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $45.7M | 0.1% |
4,331,686
-24,740
| -0.6% | -$258K |
|
140
Meritage Homes
MTH
$4.72B
| $44.1M | 0.09% |
2,090,500
-44,630
| -2% | -$904K |
|
141
Mid-America Apartment Communities
MAA
$15.5B
| $43.4M | 0.09% |
593,728
-22,519
| -4% | -$1.59M |
|
142
Goldman Sachs
GS
$302B
| $43.1M | 0.09% |
257,402
+111,498
| +76% | +$18M |
|
|
BMR
143
DELISTED
BIOMED REALTY TRUST INC
BMR
| $42.8M | 0.09% |
1,961,870
-76,465
| -4% | -$1.62M |
|
144
Texas Capital Bancshares
TCBI
$4.29B
| $42.7M | 0.09% |
791,330
+27,505
| +4% | +$1.54M |
|
145
NNN REIT
NNN
$9.16B
| $41.8M | 0.09% |
1,123,180
-15,324
| -1% | -$539K |
|
146
Mueller Industries
MLI
$14.8B
| $41.6M | 0.09% |
5,652,052
-166,924
| -3% | -$1.21M |
|
147
HEICO Corp
HEI
$49.5B
| $41.1M | 0.09% |
1,934,077
+1,738,276
| +888% | +$39.1M |
|
|
ESRX
148
DELISTED
Express Scripts Holding Company
ESRX
| $41.1M | 0.09% |
593,431
+255,956
| +76% | +$18M |
|
|
DFT
149
DELISTED
DuPont Fabros Technology Inc.
DFT
| $41M | 0.09% |
1,521,375
+22,280
| +1% | +$563K |
|
150
Ecopetrol
EC
$35B
| $40.7M | 0.09% |
1,130,100
+138,260
| +14% | +$5.23M |
|
Similar funds
Ken Fisher's Q2 2014 Portfolio in Review
As of Q2 2014, Ken Fisher held 668 positions worth $47.6B, up 7.3% from $44.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher deployed $2.03B of net new capital in Q2 2014, opening 82 new positions and adding to 273 existing holdings. Its largest new stake was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, an estimated $958M trimmed.
- Ken Fisher's largest Q2 2014 buy was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
- Ken Fisher added most to Merck in Q2 2014, an estimated $328M increase.
- Ken Fisher's biggest Q2 2014 reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, cutting an estimated $958M.
- Ken Fisher fully exited CAPITALSOURCE INC in Q2 2014, selling an estimated $95.8M.
- Ken Fisher's ten largest holdings make up 23% of its $47.6B portfolio in Q2 2014.
- Ken Fisher opened 82 new positions and closed 70 in Q2 2014.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $47.6B.
Based on Fisher Asset Management's 13F filing for Q2 2014, filed 25 Jul 2014.