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 | Financials | 19.72% |
| 2 | Technology | 12.76% |
| 3 | Healthcare | 12.06% |
| 4 | Consumer Discretionary | 7.83% |
| 5 | Industrials | 7.44% |
| 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
| $1.36B | 3.08% |
11,919,458
-98,490
| -0.8% | -$10.6M |
|
|
FEEU
2
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $1.03B | 2.33% |
8,384,943
-22,835
| -0.3% | -$2.58M |
|
|
3
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.02B | 2.32% |
8,958,172
+454,470
| +5% | +$51.9M |
|
|
FBG
4
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $1.01B | 2.28% |
21,995,101
-301,599
| -1% | -$12.8M |
|
5
American Express
AXP
$228B
| $986M | 2.23% |
10,867,694
-30,944
| -0.3% | -$2.54M |
|
6
Amazon
AMZN
$2.53T
| $951M | 2.16% |
47,717,360
-359,220
| -0.7% | -$6.46M |
|
7
Pfizer
PFE
$142B
| $932M | 2.11% |
32,086,734
-286,001
| -0.9% | -$8.32M |
|
8
Johnson & Johnson
JNJ
$617B
| $924M | 2.09% |
10,089,492
-54,283
| -0.5% | -$5M |
|
9
RTX Corp
RTX
$289B
| $899M | 2.04% |
12,555,042
+189,427
| +2% | +$12.9M |
|
10
GE Aerospace
GE
$368B
| $833M | 1.89% |
6,198,595
-64,720
| -1% | -$8.15M |
|
11
Wells Fargo
WFC
$258B
| $818M | 1.85% |
18,009,376
-193,010
| -1% | -$8.34M |
|
12
Visa
V
$673B
| $773M | 1.75% |
13,879,940
+77,800
| +0.6% | +$3.92M |
|
13
JPMorgan Chase
JPM
$933B
| $763M | 1.73% |
13,046,566
-102,126
| -0.8% | -$5.59M |
|
14
Alphabet (Google) Class C
GOOG
$4.08T
| $750M | 1.7% |
26,853,357
-245,115
| -0.9% | -$6.2M |
|
|
15
Apple
AAPL
$4.9T
| $716M | 1.62% |
35,752,052
-7,371,672
| -17% | -$139M |
|
16
Sanofi
SNY
$103B
| $687M | 1.56% |
12,809,665
-18,344
| -0.1% | -$947K |
|
17
HSBC
HSBC
$367B
| $686M | 1.55% |
14,441,025
-22,393
| -0.2% | -$1.06M |
|
18
Qualcomm
QCOM
$160B
| $668M | 1.51% |
9,001,655
-3,325
| -0% | -$235K |
|
19
Home Depot
HD
$332B
| $666M | 1.51% |
8,085,004
-55,782
| -0.7% | -$4.35M |
|
20
Microsoft
MSFT
$3.35T
| $640M | 1.45% |
17,099,536
-65,536
| -0.4% | -$2.38M |
|
21
Walt Disney
DIS
$167B
| $631M | 1.43% |
8,263,352
-84,976
| -1% | -$5.89M |
|
22
Bank of America
BAC
$433B
| $624M | 1.41% |
40,085,524
+510,804
| +1% | +$7.58M |
|
23
Comcast
CMCSA
$84B
| $616M | 1.4% |
23,699,344
-29,388
| -0.1% | -$708K |
|
24
Berkshire Hathaway Class B
BRK.B
$1.1T
| $615M | 1.39% |
5,190,077
+53,149
| +1% | +$6.15M |
|
25
Procter & Gamble
PG
$335B
| $613M | 1.39% |
7,527,112
+25,983
| +0.3% | +$2.12M |
|
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 Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- 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.