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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PL
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.26% |
| 2 | Healthcare | 14.53% |
| 3 | Technology | 12.41% |
| 4 | Industrials | 7.4% |
| 5 | Consumer Discretionary | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Texas Capital Bancshares
TCBI
$4.29B
| $46.5M | 0.1% |
806,275
+14,945
| +2% | +$806K |
|
127
Meritage Homes
MTH
$4.72B
| $46.4M | 0.1% |
2,616,850
+526,350
| +25% | +$10.6M |
|
128
BP
BP
$114B
| $46.4M | 0.1% |
1,291,449
-2,657
| -0.2% | -$105K |
|
|
MDP
129
DELISTED
Meredith Corporation
MDP
| $46.3M | 0.1% |
1,081,095
-8,136
| -0.7% | -$379K |
|
130
Teledyne Technologies
TDY
$30.1B
| $46M | 0.1% |
488,857
-7,495
| -2% | -$716K |
|
|
LUX
131
DELISTED
Luxottica Group
LUX
| $45.9M | 0.1% |
880,764
-9,153
| -1% | -$492K |
|
132
HEICO Corp
HEI
$49.5B
| $45.7M | 0.1% |
2,390,444
+456,367
| +24% | +$9.52M |
|
|
FBG
133
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $45.3M | 0.1% |
882,077
-748,326
| -46% | -$38.2M |
|
|
UMPQ
134
DELISTED
Umpqua Holdings Corp
UMPQ
| $45.3M | 0.1% |
2,749,911
+168,905
| +7% | +$2.9M |
|
|
135
Petrobras
PBR
$123B
| $44.8M | 0.1% |
3,160,542
+3,147,756
| +24,619% | +$52.7M |
|
136
UMB Financial
UMBF
$11.1B
| $43.4M | 0.09% |
796,275
+193,060
| +32% | +$11.1M |
|
137
Helmerich & Payne
HP
$3.37B
| $43.3M | 0.09% |
442,873
+573
| +0.1% | +$60.9K |
|
|
SUSQ
138
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $42.8M | 0.09% |
4,280,627
-51,059
| -1% | -$526K |
|
139
Ambev
ABEV
$48.2B
| $41.9M | 0.09% |
6,399,679
-1,114,957
| -15% | -$7.85M |
|
140
Darling Ingredients
DAR
$9.69B
| $41.8M | 0.09% |
2,280,178
-26,045
| -1% | -$504K |
|
141
Goldman Sachs
GS
$302B
| $41.6M | 0.09% |
226,490
-30,912
| -12% | -$5.43M |
|
142
Westamerica Bancorp
WABC
$1.38B
| $41.3M | 0.09% |
888,463
+4,590
| +0.5% | +$224K |
|
|
NUVA
143
DELISTED
NuVasive, Inc.
NUVA
| $41.1M | 0.09% |
1,177,679
+841,284
| +250% | +$29.9M |
|
|
DFT
144
DELISTED
DuPont Fabros Technology Inc.
DFT
| $41M | 0.09% |
1,517,700
-3,675
| -0.2% | -$101K |
|
145
US Bancorp
USB
$98B
| $40.7M | 0.09% |
973,507
-120,960
| -11% | -$5.11M |
|
146
Mueller Industries
MLI
$14.8B
| $40.1M | 0.09% |
5,619,432
-32,620
| -0.6% | -$236K |
|
|
BMR
147
DELISTED
BIOMED REALTY TRUST INC
BMR
| $40M | 0.09% |
1,981,671
+19,801
| +1% | +$430K |
|
|
BECN
148
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $39.6M | 0.08% |
1,556,123
-30,905
| -2% | -$874K |
|
149
Mid-America Apartment Communities
MAA
$15.5B
| $39M | 0.08% |
594,090
+362
| +0.1% | +$25.8K |
|
150
NNN REIT
NNN
$9.16B
| $38.8M | 0.08% |
1,121,878
-1,302
| -0.1% | -$47.6K |
|
Similar funds
Ken Fisher's Q3 2014 Portfolio in Review
As of Q3 2014, Ken Fisher held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Ken Fisher's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Ken Fisher fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Ken Fisher's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Ken Fisher opened 47 new positions and closed 61 in Q3 2014.
- Ken Fisher's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.