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 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$518M |
| 2 |
Citigroup
C
|
+$271M |
| 3 |
Bank of America
BAC
|
+$254M |
| 4 |
RTX Corp
RTX
|
+$233M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$507M |
| 2 |
British American Tobacco
BTI
|
+$298M |
| 3 |
Vodafone
VOD
|
+$272M |
| 4 |
ABV
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
|
+$267M |
| 5 |
BHP
BHP
|
+$226M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.1% |
| 2 | Technology | 14.63% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 7.86% |
| 5 | Industrials | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FIGY
1
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.22B | 3% |
12,017,948
+245,142
| +2% | +$23.8M |
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $965M | 2.38% |
8,503,702
+232,560
| +3% | +$26.3M |
|
|
FEEU
3
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $893M | 2.2% |
8,407,778
+5,276,833
| +169% | +$518M |
|
4
Pfizer
PFE
$142B
| $882M | 2.17% |
32,372,735
-27,180
| -0.1% | -$740K |
|
5
Johnson & Johnson
JNJ
$617B
| $879M | 2.17% |
10,143,775
-17,561
| -0.2% | -$1.58M |
|
|
FBG
6
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $872M | 2.15% |
22,296,700
+280,772
| +1% | +$10.6M |
|
|
7
RTX Corp
RTX
$289B
| $839M | 2.07% |
12,365,615
+3,565,528
| +41% | +$233M |
|
8
American Express
AXP
$228B
| $823M | 2.03% |
10,898,638
+31,348
| +0.3% | +$2.36M |
|
9
Wells Fargo
WFC
$258B
| $752M | 1.85% |
18,202,386
-57,094
| -0.3% | -$2.44M |
|
10
Amazon
AMZN
$2.53T
| $752M | 1.85% |
48,076,580
+65,800
| +0.1% | +$981K |
|
11
Apple
AAPL
$4.9T
| $734M | 1.81% |
43,123,724
+218,232
| +0.5% | +$3.62M |
|
12
GE Aerospace
GE
$368B
| $717M | 1.77% |
6,263,315
-14,319
| -0.2% | -$1.64M |
|
13
JPMorgan Chase
JPM
$933B
| $680M | 1.67% |
13,148,692
+59,622
| +0.5% | +$3.2M |
|
14
HSBC
HSBC
$367B
| $676M | 1.67% |
14,463,418
+103,597
| +0.7% | +$4.92M |
|
15
Visa
V
$673B
| $659M | 1.63% |
13,802,140
+39,620
| +0.3% | +$1.83M |
|
16
Sanofi
SNY
$103B
| $649M | 1.6% |
12,828,009
+19,148
| +0.1% | +$974K |
|
17
PepsiCo
PEP
$191B
| $645M | 1.59% |
8,113,673
-195,562
| -2% | -$16.1M |
|
18
Oracle
ORCL
$367B
| $638M | 1.57% |
19,239,102
+13,373
| +0.1% | +$434K |
|
19
Cisco
CSCO
$448B
| $632M | 1.56% |
26,986,700
-108,320
| -0.4% | -$2.69M |
|
20
Home Depot
HD
$332B
| $617M | 1.52% |
8,140,786
+58,289
| +0.7% | +$4.5M |
|
21
Qualcomm
QCOM
$160B
| $606M | 1.49% |
9,004,980
-13,866
| -0.2% | -$909K |
|
22
Alphabet (Google) Class C
GOOG
$4.08T
| $591M | 1.46% |
27,098,472
-116,435
| -0.4% | -$2.57M |
|
|
23
Berkshire Hathaway Class B
BRK.B
$1.1T
| $583M | 1.44% |
5,136,928
+1,826,311
| +55% | +$211M |
|
24
IBM
IBM
$209B
| $583M | 1.44% |
3,291,372
-472
| -0% | -$85.8K |
|
25
Toyota
TM
$227B
| $582M | 1.43% |
4,546,748
+16,425
| +0.4% | +$2.09M |
|
Similar funds
Ken Fisher's Q3 2013 Portfolio in Review
As of Q3 2013, Ken Fisher held 585 positions worth $40.6B, up 5.4% from $38.5B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q3 2013 filing shows 60 new, 219 increased, 193 reduced and 51 closed positions. Its largest new stake was Cadence Bank: 2,667,685 shares worth $53.2M. The largest sale was Philip Morris, an estimated $507M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2013 buy was Cadence Bank: 2,667,685 shares worth $53.2M.
- Ken Fisher added most to Barclays ETN+ FI Enhanced Europe 50 ETN in Q3 2013, an estimated $518M increase.
- Ken Fisher's biggest Q3 2013 reduction was Philip Morris, cutting an estimated $507M.
- Ken Fisher fully exited SAKS INCORPORATED in Q3 2013, selling an estimated $75M.
- Ken Fisher's ten largest holdings make up 22% of its $40.6B portfolio in Q3 2013.
- Ken Fisher opened 60 new positions and closed 51 in Q3 2013.
- Ken Fisher's portfolio value rose 5.4% quarter-over-quarter to $40.6B.
Based on Fisher Asset Management's 13F filing for Q3 2013, filed 18 Oct 2013.