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 | Miscellaneous | 23.68% |
| 2 | Financials | 19.76% |
| 3 | Technology | 12.76% |
| 4 | Healthcare | 12.23% |
| 5 | Consumer Discretionary | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Terex
TEX
$6.95B
| $16.1M | 0.04% |
+384,155
| New | +$13.9M |
|
202
Hancock Whitney
HWC
$6.04B
| $16M | 0.04% |
437,545
+106,735
| +32% | +$3.6M |
|
203
Equifax
EFX
$19.9B
| $15.4M | 0.03% |
222,943
-4,275
| -2% | -$278K |
|
204
Weyerhaeuser
WY
$15.9B
| $15.2M | 0.03% |
482,145
-72,050
| -13% | -$2.16M |
|
205
Vanguard FTSE Developed Markets ETF
VEA
$237B
| $15.1M | 0.03% |
363,462
+208,019
| +134% | +$8.44M |
|
206
Fidelity National Information Services
FIS
$19.7B
| $15.1M | 0.03% |
281,657
-4,773
| -2% | -$235K |
|
207
Cullen/Frost Bankers
CFR
$10.1B
| $15.1M | 0.03% |
203,045
+51,175
| +34% | +$3.66M |
|
|
SNDK
208
DELISTED
SANDISK CORP
SNDK
| $15M | 0.03% |
213,322
-4,821
| -2% | -$325K |
|
|
HOT
209
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $15M | 0.03% |
189,265
-1,450
| -0.8% | -$106K |
|
|
PCH
210
DELISTED
PotlatchDeltic
PCH
| $14.9M | 0.03% |
357,390
+37,900
| +12% | +$1.54M |
|
211
Rockwell Automation
ROK
$47.6B
| $14.4M | 0.03% |
121,810
-136
| -0.1% | -$15.1K |
|
212
Invesco S&P 500 Top 50 ETF
XLG
$11.1B
| $14.1M | 0.03% |
1,089,470
+37,720
| +4% | +$468K |
|
213
T. Rowe Price
TROW
$22.7B
| $14.1M | 0.03% |
168,600
-23,760
| -12% | -$1.86M |
|
214
Kroger
KR
$34.9B
| $13.9M | 0.03% |
703,064
-88,506
| -11% | -$1.83M |
|
215
Omnicom Group
OMC
$21.7B
| $13.5M | 0.03% |
181,254
-22,753
| -11% | -$1.56M |
|
216
Warner Bros
WBD
$70.3B
| $13.3M | 0.03% |
288,834
-976
| -0.3% | -$42.2K |
|
217
Cencora
COR
$61.4B
| $13.3M | 0.03% |
189,305
-77,398
| -29% | -$5.2M |
|
218
BorgWarner
BWA
$13.6B
| $12.2M | 0.03% |
248,370
+118
| +0% | +$5.46K |
|
219
Synopsys
SNPS
$76.2B
| $12M | 0.03% |
296,400
-2,825
| -0.9% | -$106K |
|
|
NUVA
220
DELISTED
NuVasive, Inc.
NUVA
| $11.9M | 0.03% |
367,150
-12,500
| -3% | -$376K |
|
221
Dana Inc
DAN
$3.34B
| $11.8M | 0.03% |
+602,345
| New | +$12.2M |
|
222
Valero Energy
VLO
$112B
| $11.8M | 0.03% |
233,492
-6,572
| -3% | -$277K |
|
223
Globe Life
GL
$13.2B
| $11.6M | 0.03% |
222,759
-6,923
| -3% | -$345K |
|
|
BAY
224
DELISTED
BAYER AG SPONS ADR
BAY
| $11.6M | 0.03% |
82,611
-4,250
| -5% | -$597K |
|
225
KLA
KLAC
$236B
| $11.6M | 0.03% |
1,798,010
-45,940
| -2% | -$290K |
|
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 Miscellaneous at 24% of assets, up from 23% a quarter earlier, followed by Financials and Technology.
- 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.