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 | |
|---|---|---|---|---|---|---|
|
VRE
176
DELISTED
Veris Residential
VRE
| $23.8M | 0.05% |
1,108,460
-25,300
| -2% | -$531K |
|
177
MKS Inc
MKSI
$19.8B
| $23.2M | 0.05% |
775,999
| – | – |
|
178
Ford
F
$59.3B
| $22.9M | 0.05% |
1,484,264
-31,567
| -2% | -$529K |
|
|
SGI
179
Somnigroup International
SGI
$14.1B
| $22.2M | 0.05% |
1,647,440
-3,100
| -0.2% | -$35.6K |
|
|
FIBG
180
DELISTED
CS FI Enhanced Big Cap Growth ETN
FIBG
| $21.5M | 0.05% |
+470,851
| New | +$20.3M |
|
181
Teradyne
TER
$57.2B
| $20.8M | 0.05% |
1,182,930
-6,650
| -0.6% | -$112K |
|
|
GHL
182
DELISTED
Greenhill & Co., Inc.
GHL
| $20.7M | 0.05% |
356,760
-5,250
| -1% | -$275K |
|
183
Vanguard FTSE Europe ETF
VGK
$30.8B
| $20.5M | 0.05% |
348,515
+54,002
| +18% | +$3.04M |
|
184
Extra Space Storage
EXR
$31.3B
| $20.3M | 0.05% |
481,022
-25,600
| -5% | -$1.13M |
|
185
Gerdau
GGB
$9.74B
| $20M | 0.05% |
3,221,369
+375,747
| +13% | +$2.35M |
|
|
SAPE
186
DELISTED
SAPIENT CORP
SAPE
| $19.9M | 0.05% |
1,147,420
-58,325
| -5% | -$927K |
|
187
Ameriprise Financial
AMP
$48.1B
| $19.4M | 0.04% |
168,958
-25,279
| -13% | -$2.61M |
|
|
CNL
188
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $19.3M | 0.04% |
413,235
-13,350
| -3% | -$614K |
|
189
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $18.7M | 0.04% |
974,485
+156,308
| +19% | +$2.88M |
|
|
AAWW
190
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $18.4M | 0.04% |
+447,610
| New | +$18.3M |
|
191
HUB Group
HUBG
$2.78B
| $18M | 0.04% |
+904,790
| New | +$16.9M |
|
192
Heartland Express
HTLD
$986M
| $18M | 0.04% |
+918,795
| New | +$15.1M |
|
193
Mastercard
MA
$510B
| $17.9M | 0.04% |
214,650
-50,800
| -19% | -$3.77M |
|
|
CYN
194
DELISTED
CITY NATIONAL CORPORATION
CYN
| $17.3M | 0.04% |
217,782
-25
| -0% | -$1.84K |
|
195
COPT Defense Properties
CDP
$4.35B
| $17.2M | 0.04% |
724,703
-15,175
| -2% | -$354K |
|
196
Union Pacific
UNP
$172B
| $17M | 0.04% |
202,152
-3,944
| -2% | -$312K |
|
|
FRC
197
DELISTED
First Republic Bank
FRC
| $16.9M | 0.04% |
322,720
+350
| +0.1% | +$17.5K |
|
198
Zimmer Biomet
ZBH
$18.4B
| $16.6M | 0.04% |
184,004
-2,977
| -2% | -$258K |
|
|
STJ
199
DELISTED
St Jude Medical
STJ
| $16.6M | 0.04% |
267,380
-42,185
| -14% | -$2.44M |
|
200
Toll Brothers
TOL
$14B
| $16.4M | 0.04% |
444,422
-3,900
| -0.9% | -$129K |
|
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.