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 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$499M |
| 2 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$479M |
| 3 |
Merck
MRK
|
+$328M |
| 4 |
BAY
BAYER AG SPONS ADR
BAY
|
+$287M |
| 5 |
Lloyds Banking Group
LYG
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$958M |
| 2 |
IBM
IBM
|
+$565M |
| 3 |
McDonald's
MCD
|
+$502M |
| 4 |
CSE
CAPITALSOURCE INC
CSE
|
+$95.8M |
| 5 |
PL
PROTECTIVE LIFE CORP
PL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Technology | 12.13% |
| 4 | Industrials | 7.64% |
| 5 | Consumer Discretionary | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Equifax
EFX
$20.7B
| $16.8M | 0.04% |
232,235
+19,502
| +9% | +$1.37M |
|
202
Kroger
KR
$35.4B
| $16.6M | 0.03% |
670,110
+3,830
| +0.6% | +$89.2K |
|
203
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $16.5M | 0.03% |
1,222,860
+81,130
| +7% | +$1.07M |
|
204
Rockwell Automation
ROK
$52.4B
| $16.3M | 0.03% |
130,544
+5,678
| +5% | +$699K |
|
205
Mastercard
MA
$510B
| $16.3M | 0.03% |
221,764
+6,798
| +3% | +$505K |
|
|
GHL
206
DELISTED
Greenhill & Co., Inc.
GHL
| $16.1M | 0.03% |
326,195
-25,165
| -7% | -$1.24M |
|
|
PCH
207
DELISTED
PotlatchDeltic
PCH
| $15.9M | 0.03% |
383,301
+28,536
| +8% | +$1.12M |
|
208
Terex
TEX
$7.11B
| $15.9M | 0.03% |
385,749
+10,464
| +3% | +$425K |
|
|
CYN
209
DELISTED
CITY NATIONAL CORPORATION
CYN
| $15.4M | 0.03% |
203,247
-3,440
| -2% | -$255K |
|
|
BEAV
210
DELISTED
B/E Aerospace Inc
BEAV
| $15.4M | 0.03% |
229,439
+13,879
| +6% | +$924K |
|
211
BorgWarner
BWA
$13.2B
| $15.2M | 0.03% |
264,286
+25,099
| +10% | +$1.38M |
|
212
T. Rowe Price
TROW
$25.6B
| $14.9M | 0.03% |
176,666
+14,741
| +9% | +$1.2M |
|
|
213
McDonald's
MCD
$191B
| $14.8M | 0.03% |
147,338
-4,970,842
| -97% | -$502M |
|
|
HOT
214
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $14.8M | 0.03% |
183,617
+142
| +0.1% | +$11.2K |
|
215
Fidelity National Information Services
FIS
$23.8B
| $14.8M | 0.03% |
269,754
+3,204
| +1% | +$172K |
|
216
Hancock Whitney
HWC
$6.14B
| $14.2M | 0.03% |
403,215
-17,575
| -4% | -$607K |
|
217
Weyerhaeuser
WY
$16.9B
| $14.1M | 0.03% |
426,225
-44,575
| -9% | -$1.35M |
|
218
Toll Brothers
TOL
$14B
| $13.9M | 0.03% |
375,377
-48,600
| -11% | -$1.72M |
|
219
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $13.8M | 0.03% |
226,412
+57,899
| +34% | +$3.4M |
|
220
Cencora
COR
$60.7B
| $13.3M | 0.03% |
183,657
+114
| +0.1% | +$7.8K |
|
221
KLA
KLAC
$236B
| $12.8M | 0.03% |
1,767,790
+132,990
| +8% | +$883K |
|
222
Dana Inc
DAN
$2.91B
| $12.6M | 0.03% |
514,440
-54,675
| -10% | -$1.23M |
|
223
Northwest Natural Holdings
NWN
$2.11B
| $12.4M | 0.03% |
263,632
+1,325
| +0.5% | +$59.4K |
|
|
JNPR
224
DELISTED
Juniper Networks
JNPR
| $12.3M | 0.03% |
501,384
+49,256
| +11% | +$1.22M |
|
|
NUVA
225
DELISTED
NuVasive, Inc.
NUVA
| $12M | 0.03% |
336,395
-24,905
| -7% | -$852K |
|
Similar funds
Ken Fisher's Q2 2014 Portfolio in Review
As of Q2 2014, Ken Fisher held 668 positions worth $47.6B, up 7.3% from $44.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher deployed $2.03B of net new capital in Q2 2014, opening 82 new positions and adding to 273 existing holdings. Its largest new stake was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, an estimated $958M trimmed.
- Ken Fisher's largest Q2 2014 buy was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
- Ken Fisher added most to Merck in Q2 2014, an estimated $328M increase.
- Ken Fisher's biggest Q2 2014 reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, cutting an estimated $958M.
- Ken Fisher fully exited CAPITALSOURCE INC in Q2 2014, selling an estimated $95.8M.
- Ken Fisher's ten largest holdings make up 23% of its $47.6B portfolio in Q2 2014.
- Ken Fisher opened 82 new positions and closed 70 in Q2 2014.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $47.6B.
Based on Fisher Asset Management's 13F filing for Q2 2014, filed 25 Jul 2014.