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 | |
|---|---|---|---|---|---|---|
|
FIGY
1
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.41B | 3.18% |
11,822,429
-97,029
| -0.8% | -$10.9M |
|
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.13B | 2.55% |
9,676,801
+718,629
| +8% | +$83.3M |
|
|
FEEU
3
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $1.03B | 2.32% |
8,352,146
-32,797
| -0.4% | -$3.92M |
|
|
FBG
4
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $1.01B | 2.29% |
21,783,585
-211,516
| -1% | -$9.68M |
|
5
American Express
AXP
$228B
| $987M | 2.23% |
10,962,068
+94,374
| +0.9% | +$8.43M |
|
6
Johnson & Johnson
JNJ
$617B
| $980M | 2.21% |
9,977,824
-111,668
| -1% | -$10.4M |
|
7
Pfizer
PFE
$142B
| $971M | 2.19% |
31,875,634
-211,100
| -0.7% | -$6.29M |
|
8
RTX Corp
RTX
$289B
| $941M | 2.12% |
12,791,399
+236,357
| +2% | +$17M |
|
9
Wells Fargo
WFC
$258B
| $880M | 1.99% |
17,694,752
-314,624
| -2% | -$14.7M |
|
10
Amazon
AMZN
$2.53T
| $788M | 1.78% |
46,868,840
-848,520
| -2% | -$15.7M |
|
|
11
Apple
AAPL
$4.9T
| $778M | 1.76% |
40,599,132
+4,847,080
| +14% | +$92.2M |
|
12
JPMorgan Chase
JPM
$933B
| $778M | 1.75% |
12,812,234
-234,332
| -2% | -$13.5M |
|
13
GE Aerospace
GE
$368B
| $762M | 1.72% |
6,140,925
-57,670
| -0.9% | -$7.12M |
|
14
Visa
V
$673B
| $742M | 1.67% |
13,743,796
-136,144
| -1% | -$7.57M |
|
15
Alphabet (Google) Class C
GOOG
$4.08T
| $729M | 1.64% |
26,251,269
-602,088
| -2% | -$17.5M |
|
16
Qualcomm
QCOM
$160B
| $698M | 1.58% |
8,856,729
-144,926
| -2% | -$10.9M |
|
17
Microsoft
MSFT
$3.35T
| $689M | 1.55% |
16,811,352
-288,184
| -2% | -$10.8M |
|
18
Bank of America
BAC
$433B
| $686M | 1.55% |
39,868,321
-217,203
| -0.5% | -$3.65M |
|
19
Sanofi
SNY
$103B
| $676M | 1.52% |
12,926,402
+116,737
| +0.9% | +$5.91M |
|
20
Walt Disney
DIS
$167B
| $644M | 1.45% |
8,045,307
-218,045
| -3% | -$16.9M |
|
21
Berkshire Hathaway Class B
BRK.B
$1.1T
| $640M | 1.44% |
5,118,992
-71,085
| -1% | -$8.31M |
|
22
HSBC
HSBC
$367B
| $626M | 1.41% |
14,297,677
-143,348
| -1% | -$6.5M |
|
23
Home Depot
HD
$332B
| $623M | 1.41% |
7,874,188
-210,816
| -3% | -$16.8M |
|
|
NVO
24
Novo Nordisk
NVO
$228B
| $622M | 1.4% |
27,263,958
+179,288
| +0.7% | +$3.82M |
|
25
Procter & Gamble
PG
$335B
| $602M | 1.36% |
7,469,194
-57,918
| -0.8% | -$4.56M |
|
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.