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 |
UBS Group
UBS
|
+$423M |
| 2 |
CS
Credit Suisse Group
CS
|
+$261M |
| 3 |
Barclays
BCS
|
+$240M |
| 4 |
ABB
ABB Ltd
ABB
|
+$161M |
| 5 |
Trip.com Group
TCOM
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lloyds Banking Group
LYG
|
+$230M |
| 2 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$162M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$84M |
| 4 |
BHP
BHP
|
+$60.3M |
| 5 |
SUSQ
SUSQUEHANNA BANCSHARES INC
SUSQ
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.7% |
| 2 | Healthcare | 13.73% |
| 3 | Technology | 13.21% |
| 4 | Industrials | 7.16% |
| 5 | Consumer Discretionary | 6.47% |
| 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 | 2.81% |
11,527,462
-257,126
| -2% | -$30.7M |
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.33B | 2.74% |
11,099,485
+268,786
| +2% | +$32M |
|
3
Apple
AAPL
$4.9T
| $1.19B | 2.46% |
43,055,796
+91,056
| +0.2% | +$2.48M |
|
4
Johnson & Johnson
JNJ
$617B
| $1.09B | 2.25% |
10,424,607
-21,549
| -0.2% | -$2.27M |
|
5
American Express
AXP
$228B
| $1.05B | 2.17% |
11,264,810
-122,652
| -1% | -$11M |
|
6
Wells Fargo
WFC
$258B
| $1.01B | 2.1% |
18,509,254
-47,762
| -0.3% | -$2.53M |
|
7
Pfizer
PFE
$142B
| $972M | 2.01% |
32,881,021
-533,409
| -2% | -$15.3M |
|
8
Visa
V
$673B
| $933M | 1.93% |
14,226,920
-128,488
| -0.9% | -$7.73M |
|
9
RTX Corp
RTX
$289B
| $925M | 1.91% |
12,779,792
-538,396
| -4% | -$36.7M |
|
10
Home Depot
HD
$332B
| $871M | 1.8% |
8,294,708
-2,731
| -0% | -$265K |
|
11
JPMorgan Chase
JPM
$933B
| $846M | 1.75% |
13,520,956
+441
| +0% | +$26.5K |
|
|
FEEU
12
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $834M | 1.72% |
8,022,834
-185,399
| -2% | -$20.3M |
|
13
Microsoft
MSFT
$3.35T
| $819M | 1.69% |
17,621,737
+19,084
| +0.1% | +$896K |
|
14
Berkshire Hathaway Class B
BRK.B
$1.1T
| $815M | 1.69% |
5,431,068
-4,528
| -0.1% | -$654K |
|
15
Walt Disney
DIS
$167B
| $792M | 1.64% |
8,404,415
-23,207
| -0.3% | -$2.09M |
|
16
GE Aerospace
GE
$368B
| $765M | 1.58% |
6,317,200
-109,917
| -2% | -$13.5M |
|
17
Bank of America
BAC
$433B
| $750M | 1.55% |
41,932,564
-429,714
| -1% | -$7.35M |
|
18
Amazon
AMZN
$2.53T
| $750M | 1.55% |
48,303,540
-930,160
| -2% | -$14.5M |
|
19
Alphabet (Google) Class C
GOOG
$4.08T
| $736M | 1.52% |
27,919,864
+103,042
| +0.4% | +$2.76M |
|
20
Comcast
CMCSA
$84B
| $704M | 1.45% |
24,258,544
-85,320
| -0.4% | -$2.34M |
|
21
Procter & Gamble
PG
$335B
| $695M | 1.44% |
7,628,811
+6,309
| +0.1% | +$555K |
|
22
Intel
INTC
$460B
| $690M | 1.43% |
19,018,352
+84,083
| +0.4% | +$2.93M |
|
23
Qualcomm
QCOM
$160B
| $685M | 1.42% |
9,221,036
-80,746
| -0.9% | -$5.91M |
|
|
FBGX
24
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $637M | 1.32% |
5,615,748
+298,948
| +6% | +$32.3M |
|
25
Citigroup
C
$222B
| $630M | 1.3% |
11,638,217
-87,446
| -0.7% | -$4.64M |
|
Similar funds
Ken Fisher's Q4 2014 Portfolio in Review
As of Q4 2014, Ken Fisher held 664 positions worth $48.4B, up 3.1% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2014 filing shows 80 new, 228 increased, 245 reduced and 44 closed positions. Its largest new stake was UBS Group: 24,721,456 shares worth $422M. The largest sale was Lloyds Banking Group, an estimated $230M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2014 buy was UBS Group: 24,721,456 shares worth $422M.
- Ken Fisher added most to Credit Suisse Group in Q4 2014, an estimated $261M increase.
- Ken Fisher's biggest Q4 2014 reduction was Lloyds Banking Group, cutting an estimated $230M.
- Ken Fisher fully exited SUSQUEHANNA BANCSHARES INC in Q4 2014, selling an estimated $42.8M.
- Ken Fisher's ten largest holdings make up 22% of its $48.4B portfolio in Q4 2014.
- Ken Fisher opened 80 new positions and closed 44 in Q4 2014.
- Ken Fisher's portfolio value rose 3.1% quarter-over-quarter to $48.4B.
Based on Fisher Asset Management's 13F filing for Q4 2014, filed 29 Jan 2015.