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 |
Apple
AAPL
|
+$92.2M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$83.3M |
| 3 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$76M |
| 4 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$45.3M |
| 5 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$44.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$208M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$150M |
| 3 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$66.6M |
| 4 |
OVTI
OMNIVISION TECHNOLOGIES INC
OVTI
|
+$48.3M |
| 5 |
CEO
CNOOC Limited
CEO
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.85% |
| 2 | Technology | 12.89% |
| 3 | Healthcare | 12.55% |
| 4 | Industrials | 7.74% |
| 5 | Consumer Discretionary | 7.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Equifax
EFX
$20.7B
| $14.5M | 0.03% |
212,733
-10,210
| -5% | -$714K |
|
202
Fidelity National Information Services
FIS
$23.8B
| $14.2M | 0.03% |
266,550
-15,107
| -5% | -$806K |
|
203
Ford
F
$59.3B
| $14M | 0.03% |
897,172
-587,092
| -40% | -$9.09M |
|
|
NUVA
204
DELISTED
NuVasive, Inc.
NUVA
| $13.9M | 0.03% |
361,300
-5,850
| -2% | -$215K |
|
205
Weyerhaeuser
WY
$16.9B
| $13.8M | 0.03% |
470,800
-11,345
| -2% | -$341K |
|
|
PCH
206
DELISTED
PotlatchDeltic
PCH
| $13.7M | 0.03% |
354,765
-2,625
| -0.7% | -$104K |
|
|
BEAV
207
DELISTED
B/E Aerospace Inc
BEAV
| $13.5M | 0.03% |
215,560
+185,454
| +616% | +$11.2M |
|
208
T. Rowe Price
TROW
$25.6B
| $13.3M | 0.03% |
161,925
-6,675
| -4% | -$541K |
|
209
Dana Inc
DAN
$2.91B
| $13.2M | 0.03% |
569,115
-33,230
| -6% | -$689K |
|
210
BorgWarner
BWA
$13.2B
| $12.9M | 0.03% |
239,187
-9,183
| -4% | -$468K |
|
211
Omnicom Group
OMC
$21.8B
| $12.9M | 0.03% |
177,607
-3,647
| -2% | -$268K |
|
212
Charles River Laboratories
CRL
$11.3B
| $12.7M | 0.03% |
210,712
+156,432
| +288% | +$9.12M |
|
213
Teradyne
TER
$57.2B
| $12.2M | 0.03% |
613,001
-569,929
| -48% | -$11M |
|
214
Cencora
COR
$60.7B
| $12M | 0.03% |
183,543
-5,762
| -3% | -$392K |
|
|
TGI
215
DELISTED
Triumph Group
TGI
| $12M | 0.03% |
185,885
-177,321
| -49% | -$12.1M |
|
216
Valero Energy
VLO
$92.6B
| $12M | 0.03% |
225,939
-7,553
| -3% | -$387K |
|
217
Union Pacific
UNP
$172B
| $11.7M | 0.03% |
124,350
-77,802
| -38% | -$6.91M |
|
|
JNPR
218
DELISTED
Juniper Networks
JNPR
| $11.6M | 0.03% |
452,128
-16,140
| -3% | -$421K |
|
219
Warner Bros
WBD
$63.9B
| $11.6M | 0.03% |
274,007
-14,827
| -5% | -$625K |
|
220
Northwest Natural Holdings
NWN
$2.11B
| $11.5M | 0.03% |
262,307
-1,425
| -0.5% | -$60K |
|
|
PVTB
221
DELISTED
PrivateBancorp Inc
PVTB
| $11.5M | 0.03% |
376,775
-1,500
| -0.4% | -$43.5K |
|
222
Owens Corning
OC
$11.2B
| $11.4M | 0.03% |
263,455
+620
| +0.2% | +$26.1K |
|
223
Globe Life
GL
$14.2B
| $11.3M | 0.03% |
215,904
-6,855
| -3% | -$352K |
|
224
KLA
KLAC
$236B
| $11.3M | 0.03% |
1,634,800
-163,210
| -9% | -$1.06M |
|
225
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $10.9M | 0.02% |
129,477
-2,882
| -2% | -$243K |
|
Similar funds
Ken Fisher's Q1 2014 Portfolio in Review
As of Q1 2014, Ken Fisher held 629 positions worth $44.3B, up 0.5% from $44.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q1 2014 filing shows 68 new, 131 increased, 316 reduced and 43 closed positions. Its largest new stake was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M. The largest sale was iShares MSCI EAFE ETF, an estimated $208M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2014 buy was HEARTLAND PAYMENT SYSTEMS, INC. COM STK: 1,748,920 shares worth $72.5M.
- Ken Fisher added most to Apple in Q1 2014, an estimated $92.2M increase.
- Ken Fisher's biggest Q1 2014 reduction was iShares MSCI EAFE ETF, cutting an estimated $208M.
- Ken Fisher fully exited TECHNIP ADS (EA REPTG ONE ORD SHS) in Q1 2014, selling an estimated $38.8M.
- Ken Fisher's ten largest holdings make up 23% of its $44.3B portfolio in Q1 2014.
- Ken Fisher opened 68 new positions and closed 43 in Q1 2014.
- Ken Fisher's portfolio value rose 0.5% quarter-over-quarter to $44.3B.
Based on Fisher Asset Management's 13F filing for Q1 2014, filed 22 Apr 2014.