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 |
UBS Group
UBS
|
+$423M |
| 2 |
CS
Credit Suisse Group
CS
|
+$261M |
| 3 |
Barclays
BCS
|
+$240M |
| 4 |
ABB
ABB Ltd
ABB
|
+$161M |
| 5 |
Trip.com Group
TCOM
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lloyds Banking Group
LYG
|
+$230M |
| 2 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$162M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$84M |
| 4 |
BHP
BHP
|
+$60.3M |
| 5 |
SUSQ
SUSQUEHANNA BANCSHARES INC
SUSQ
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.7% |
| 2 | Healthcare | 13.73% |
| 3 | Technology | 13.21% |
| 4 | Industrials | 7.16% |
| 5 | Consumer Discretionary | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARMH
126
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $59.6M | 0.12% |
1,288,013
+62,180
| +5% | +$2.66M |
|
127
Vishay Intertechnology
VSH
$5.18B
| $59.6M | 0.12% |
4,209,747
+132,779
| +3% | +$1.82M |
|
|
UMPQ
128
DELISTED
Umpqua Holdings Corp
UMPQ
| $59.2M | 0.12% |
3,479,692
+729,781
| +27% | +$12.4M |
|
|
SF
129
Stifel
SF
$12.5B
| $58.9M | 0.12% |
2,598,599
+68,006
| +3% | +$1.44M |
|
130
HEICO Corp
HEI
$49.5B
| $58.2M | 0.12% |
2,353,171
-37,273
| -2% | -$806K |
|
|
MDP
131
DELISTED
Meredith Corporation
MDP
| $58.2M | 0.12% |
1,070,749
-10,346
| -1% | -$518K |
|
132
Goldman Sachs
GS
$302B
| $56.6M | 0.12% |
292,038
+65,548
| +29% | +$12.3M |
|
133
MSC Industrial Direct
MSM
$6.78B
| $56.3M | 0.12% |
692,809
-9,438
| -1% | -$768K |
|
134
WPP
WPP
$4.41B
| $53M | 0.11% |
509,228
+4,339
| +0.9% | +$433K |
|
135
Vanguard S&P 500 ETF
VOO
$972B
| $51.7M | 0.11% |
274,307
+267,709
| +4,057% | +$49.3M |
|
136
Prestige Consumer Healthcare
PBH
$2.37B
| $50.2M | 0.1% |
1,446,650
-2,000
| -0.1% | -$66.4K |
|
|
DFT
137
DELISTED
DuPont Fabros Technology Inc.
DFT
| $49.9M | 0.1% |
1,501,507
-16,193
| -1% | -$503K |
|
138
Teledyne Technologies
TDY
$30.1B
| $49.7M | 0.1% |
483,807
-5,050
| -1% | -$511K |
|
139
Meritage Homes
MTH
$4.72B
| $48.6M | 0.1% |
2,703,266
+86,416
| +3% | +$1.58M |
|
|
LUX
140
DELISTED
Luxottica Group
LUX
| $48.1M | 0.1% |
883,040
+2,276
| +0.3% | +$117K |
|
141
Mueller Industries
MLI
$14.8B
| $46.9M | 0.1% |
5,498,052
-121,380
| -2% | -$962K |
|
142
Cemex
CX
$17.2B
| $46.6M | 0.1% |
5,147,990
+7,705
| +0.1% | +$80.1K |
|
143
Petrobras
PBR
$123B
| $46.2M | 0.1% |
6,323,398
+3,162,856
| +100% | +$34.1M |
|
144
Prosperity Bancshares
PB
$8.97B
| $45.4M | 0.09% |
820,608
-7,175
| -0.9% | -$407K |
|
|
ESRX
145
DELISTED
Express Scripts Holding Company
ESRX
| $44.8M | 0.09% |
528,812
+6,039
| +1% | +$472K |
|
146
UMB Financial
UMBF
$11.1B
| $44.7M | 0.09% |
785,830
-10,445
| -1% | -$588K |
|
147
US Bancorp
USB
$98B
| $44.4M | 0.09% |
986,792
+13,285
| +1% | +$572K |
|
148
United Parcel Service
UPS
$89.5B
| $44.3M | 0.09% |
398,228
+33,159
| +9% | +$3.5M |
|
149
Mid-America Apartment Communities
MAA
$15.5B
| $43.9M | 0.09% |
588,301
-5,789
| -1% | -$413K |
|
150
NNN REIT
NNN
$9.16B
| $43.7M | 0.09% |
1,110,527
-11,351
| -1% | -$429K |
|
Similar funds
Ken Fisher's Q4 2014 Portfolio in Review
As of Q4 2014, Ken Fisher held 664 positions worth $48.4B, up 3.1% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2014 filing shows 80 new, 228 increased, 245 reduced and 44 closed positions. Its largest new stake was UBS Group: 24,721,456 shares worth $422M. The largest sale was Lloyds Banking Group, an estimated $230M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2014 buy was UBS Group: 24,721,456 shares worth $422M.
- Ken Fisher added most to Credit Suisse Group in Q4 2014, an estimated $261M increase.
- Ken Fisher's biggest Q4 2014 reduction was Lloyds Banking Group, cutting an estimated $230M.
- Ken Fisher fully exited SUSQUEHANNA BANCSHARES INC in Q4 2014, selling an estimated $42.8M.
- Ken Fisher's ten largest holdings make up 22% of its $48.4B portfolio in Q4 2014.
- Ken Fisher opened 80 new positions and closed 44 in Q4 2014.
- Ken Fisher's portfolio value rose 3.1% quarter-over-quarter to $48.4B.
Based on Fisher Asset Management's 13F filing for Q4 2014, filed 29 Jan 2015.