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 | |
|---|---|---|---|---|---|---|
176
Capitol Federal Financial
CFFN
$1.1B
| $25.7M | 0.05% |
2,177,016
+4,150
| +0.2% | +$50.1K |
|
177
AAR Corp
AIR
$5.56B
| $25.6M | 0.05% |
1,058,330
+360,710
| +52% | +$9.78M |
|
|
SFG
178
DELISTED
STANCORP FINL GRP
SFG
| $25.1M | 0.05% |
+397,611
| New | +$25.2M |
|
179
Extra Space Storage
EXR
$31.3B
| $24.5M | 0.05% |
475,622
+20,855
| +5% | +$1.1M |
|
180
MKS Inc
MKSI
$19.8B
| $23.9M | 0.05% |
716,109
-6,415
| -0.9% | -$210K |
|
181
United Natural Foods
UNFI
$3.01B
| $23.9M | 0.05% |
388,290
| – | – |
|
182
Primerica
PRI
$10.1B
| $23.4M | 0.05% |
+486,142
| New | +$23.5M |
|
183
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $23.2M | 0.05% |
1,139,643
+41,179
| +4% | +$831K |
|
184
Vanguard FTSE Europe ETF
VGK
$30.8B
| $22.4M | 0.05% |
405,266
+13,484
| +3% | +$779K |
|
|
CELG
185
DELISTED
Celgene Corp
CELG
| $22M | 0.05% |
232,137
+101,073
| +77% | +$9.12M |
|
186
Amgen
AMGN
$209B
| $22M | 0.05% |
156,629
+71,313
| +84% | +$9.31M |
|
187
Charles River Laboratories
CRL
$11.3B
| $22M | 0.05% |
368,208
-3,616
| -1% | -$207K |
|
|
SGI
188
Somnigroup International
SGI
$14.1B
| $21.8M | 0.05% |
1,549,740
| – | – |
|
189
Union Pacific
UNP
$172B
| $20.8M | 0.04% |
192,084
-23,141
| -11% | -$2.4M |
|
190
Ford
F
$59.3B
| $20.7M | 0.04% |
1,399,141
-148,595
| -10% | -$2.54M |
|
|
AZPN
191
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $20.5M | 0.04% |
544,074
+53,660
| +11% | +$2.02M |
|
192
Ameriprise Financial
AMP
$48.1B
| $20M | 0.04% |
161,990
-10,392
| -6% | -$1.28M |
|
193
Gerdau
GGB
$9.74B
| $19.9M | 0.04% |
5,215,202
+186,610
| +4% | +$854K |
|
|
FRC
194
DELISTED
First Republic Bank
FRC
| $19.7M | 0.04% |
398,923
+1,775
| +0.4% | +$87K |
|
|
SNDK
195
DELISTED
SANDISK CORP
SNDK
| $19.3M | 0.04% |
197,001
-23,010
| -10% | -$2.25M |
|
196
Invesco QQQ Trust
QQQ
$450B
| $19.3M | 0.04% |
195,034
+8,129
| +4% | +$792K |
|
197
COPT Defense Properties
CDP
$4.35B
| $18.3M | 0.04% |
713,093
-5,045
| -0.7% | -$141K |
|
|
CNL
198
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $18M | 0.04% |
373,610
-10,150
| -3% | -$562K |
|
|
SAPE
199
DELISTED
SAPIENT CORP
SAPE
| $17.9M | 0.04% |
1,280,576
-51,775
| -4% | -$768K |
|
|
CBD
200
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $17.9M | 0.04% |
409,704
-72,975
| -15% | -$3.51M |
|
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.