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 | |
|---|---|---|---|---|---|---|
|
RDEN
151
DELISTED
ELIZABETH ARDEN INC
RDEN
| $38.6M | 0.09% |
1,088,554
-19,205
| -2% | -$715K |
|
152
Plexus
PLXS
$6.47B
| $38.3M | 0.09% |
883,806
-24,675
| -3% | -$978K |
|
153
Mid-America Apartment Communities
MAA
$15.5B
| $38.1M | 0.09% |
627,922
-25,865
| -4% | -$1.62M |
|
|
BMR
154
DELISTED
BIOMED REALTY TRUST INC
BMR
| $37.8M | 0.09% |
2,088,220
-57,050
| -3% | -$1.08M |
|
155
Canadian National Railway
CNI
$76.9B
| $37.7M | 0.09% |
661,817
-1,343
| -0.2% | -$73.9K |
|
|
DFT
156
DELISTED
DuPont Fabros Technology Inc.
DFT
| $37.5M | 0.08% |
1,515,815
-24,350
| -2% | -$592K |
|
157
Invesco QQQ Trust
QQQ
$450B
| $36.1M | 0.08% |
410,924
+226,443
| +123% | +$18.9M |
|
158
Pegasystems
PEGA
$4.94B
| $35.9M | 0.08% |
2,921,020
-97,700
| -3% | -$1.07M |
|
159
NNN REIT
NNN
$9.16B
| $35.2M | 0.08% |
1,160,424
-25,500
| -2% | -$825K |
|
160
United Natural Foods
UNFI
$3.01B
| $34.8M | 0.08% |
460,985
+19,440
| +4% | +$1.37M |
|
161
Idacorp
IDA
$7.86B
| $34.1M | 0.08% |
657,042
-20,845
| -3% | -$1.07M |
|
162
United Parcel Service
UPS
$89.5B
| $34.1M | 0.08% |
324,065
-5,037
| -2% | -$496K |
|
163
ASE Group
ASX
$76.5B
| $33.9M | 0.08% |
7,065,701
+374,975
| +6% | +$1.84M |
|
164
Ecopetrol
EC
$35B
| $33.5M | 0.08% |
871,129
+92,400
| +12% | +$4.04M |
|
165
Polaris
PII
$3.88B
| $30.3M | 0.07% |
207,850
-15,500
| -7% | -$2.07M |
|
166
Acadia Realty Trust
AKR
$3.08B
| $29.6M | 0.07% |
1,190,576
-22,625
| -2% | -$584K |
|
167
Boeing
BA
$175B
| $29.1M | 0.07% |
213,566
-4,568
| -2% | -$594K |
|
168
Capitol Federal Financial
CFFN
$1.09B
| $28.3M | 0.06% |
2,334,451
-59,025
| -2% | -$730K |
|
169
Integra LifeSciences
IART
$1.33B
| $27.9M | 0.06% |
1,431,712
-54,556
| -4% | -$1M |
|
|
TGI
170
DELISTED
Triumph Group
TGI
| $27.6M | 0.06% |
363,206
-4,600
| -1% | -$334K |
|
171
eBay
EBAY
$50.4B
| $26.2M | 0.06% |
1,133,459
-25,554
| -2% | -$566K |
|
|
BECN
172
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $26M | 0.06% |
645,925
+379,800
| +143% | +$13.8M |
|
173
Avista
AVA
$3.39B
| $25.6M | 0.06% |
906,445
-83,385
| -8% | -$2.29M |
|
174
Revvity
RVTY
$12.7B
| $25.4M | 0.06% |
616,535
-40,275
| -6% | -$1.54M |
|
|
EDR
175
DELISTED
Education Realty Trust Inc
EDR
| $24.5M | 0.06% |
924,477
-18,558
| -2% | -$497K |
|
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.