Ken Fisher

Ken Fisher

Last Update: 2014-11-10

Number of Stocks: 545
Number of New Stocks: 47

Total Value: $46,911 Mil
Q/Q Turnover: 2%

Countries: USA CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ken Fisher Watch

  • Ken Fisher for Forbes - Why I Hate Annuities

    You may have seen my firm’s ads screaming,”I Hate Annuities.” Folks ask why we run them. Simple: Because I do.

    Granted, some “fixed” types are okay. But that’s about it.


  • BorgWarner and the Regulatory Environment

    In this article, let's take a look at BorgWarner Inc. (BWA), a $13.36 billion market cap company that is a leading supplier of highly engineered components and systems primarily for automotive drivetrain applications.

    Key drivers


  • Ken Fisher for Forbes - 'The Secret Indicator That Bulls Will Love'

    This story appears in the November 3, 2014 issue of Forbes.

    Some oft-asked questions amid an increasingly turbulent market: Are IPOs too hot? Are there too many? And isn’t this euphoria–as evidenced by the recent lurching? As an ardent sentiment analyzer, I say, “Not even close!”


  • Ken Fisher for Forbes – 'Investment, Un-American Style'

    To hell with Obama – be un-American. I am! Our country has a great future. But it’s too popular. The U.S. of A. is 23% of global GDP yet sports 28 of the world’s 50 biggest stocks. American markets have outpaced foreign ones for seven years. These things fluctuate.

    Yes, America has inherent advantages that few see. When I was a young man in the 1970s, tech firms were scattered across the developed world. Since then America has come to dominate tech, almost totally.


  • Ken Fisher Has Invested in Fuel Efficiency

    In this article, let's take a look at BorgWarner Inc. (BWA), a $14.28 billion market cap company that is a leading supplier of highly engineered components and systems primarily for automotive drive train applications.

    Key strategies


  • BlackRock: The Champion Asset Manager

    In this article, let's take a look at BlackRock, Inc. (BLK), a $52.3 billion market cap company, which is one of the leading investment management companies in the world and is the largest asset manager in the U.S. Let's explore some reasons more closely to see if they are valid enough to invest in this stock.

    The king


  • Ken Fisher for Forbes - 'Just Your Run-Of-The-Mill Blockbuster Returns'

    Let’s play a word-association game. Stocks are up? Good! Stocks are down? Volatile! What’s missing is that a market that’s up a lot comes with volatility–the happy kind.

    Earlier this year I detailed my rationale for why 2014′s stocks should rise 20%-plus–largely based on sentiment and way too many folks in the herd foreseeing a moderate year. Forget my rationale. Consider instead volatility. Average returns aren’t normal. Normal returns are extreme (only when they are blended d o we get “average”). People may expect average, but they’ll rarely get it.


  • Citigroup Enjoys “Too Big to Fail” Advantage

    In this article, let's take a look at Citigroup Inc. (C), a $151.89 billion market cap company, which is a diversified financial services company that provides a wide range of financial services to consumers and corporate customers in more than 100 countries and territories.

    "Too Big to Fail"


  • Ken Fisher's Top 5 New Portfolio Stocks

    Ken Fisher (Trades, Portfolio), founder of $44 billion Fisher Investments, writes a regular column for Forbes in which he stated in June that he is excited for the stock market because of what he calls the “midterm election year fourth-quarter effect.”

    “Since 1925 the S&P 500 has risen in 19 of 22 midterm-election-year fourth quarters,” he said. “That’s a whopping 86.4%. One of the other three wasn’t negative–but 0.0%. Hence it’s been negative only 9.1% of fourth quarters. One was merely -5%. Only once was it down much, -16.4% way back in 1930–during the crash. You have to love it.”Fisher’s firm tends to use a “top-down” approach looking for trends that other don’t see in analyzing global markets and most attractive investment categories.  

  • Is Ken Fisher a Dividend Growth Investor?

    Ken Fisher (Trades, Portfolio) has written not one, but seven money management books. He is the son of famous investor Philip Fisher. Ken Fisher (Trades, Portfolio)’s investment firm, Fisher Investments, currently has about $44 billion in assets under management. This article will examine Ken Fisher (Trades, Portfolio)’s top 5 stock holdings by portfolio weight to determine to what degree Ken Fisher (Trades, Portfolio) is a dividend growth investor. Ken Fisher (Trades, Portfolio)’s underlying investment theme is to buy stock in good companies when they are on sale.


  • Ken Fisher for Forbes: '389 Lessons, And Counting'

    This issue makes 30 years I’ve written this column. That’s 389 issues (an average of 13 yearly) since July 16, 1984. Nowadays some writers might post that many times online in a year. I can’t imagine having enough worthwhile advice at that pace–monthly is tough enough.

    Looking back, 1984 seems remote. The Berlin Wall stood firm. Crack cocaine, minivans and Apple’s Mac first appeared. Diet Coke was two years old. James W. Michaels, the editor of Forbes, let me do one column. I had no clue I’d get two, much less 389.


  • Ken Fisher for Forbes - Investors: Expect A Great Fourth Quarter

    Having never seen it described makes me love it more: Among the very least known stock market anomalies is the awesome Midterm Election Year Fourth-Quarter Effect.

    Since 1925 the S&P 500 has risen in 19 of 22 midterm-election-year fourth quarters. That’s a whopping 86.4%. One of the other three wasn’t negative–but 0.0%. Hence it’s been negative only 9.1% of fourth quarters. One was merely -5%. Only once was it down much, -16.4% way back in 1930–during the crash. You have to love it.


  • Pick United Natural Foods Over Whole Foods

    Whole Foods’ (WFM) recent earnings report highlighted the competitive landscape of the organic food industry. The barriers of entry are becoming less evident as more organic grocers are opening. Not only are there more specialty food stores, but organic foods are increasing their presence in conventional supermarkets.

    United Natural Foods (UNFI) is a way to have a stake in Whole Foods and help alleviate the risk of competing conventional supermarkets. United Natural Foods is the largest distributor of natural, organic and specialty foods in North America with 28 distribution centers in the U.S. and Canada. Its closest competition, KeHE Distributors, is half of its size. United Natural Foods offers more than 65,000 products consisting of national brands, regional brands and private label products. They serve more than 31,000 customer locations including independently owned natural products retailers, Whole Foods, and conventional supermarkets. The company uses the term “supernatural markets” in its SEC reports when it comes to large, organic grocers, but Whole Foods is its only customer in that category.


  • Ken Fisher for Forbes - The Bulls Of The High Seas

    So what’s the collective mood? Based on the numerous Q&A sessions I participated in, while cautious, investors have a lot less skepticism than they did at the same time last year. The cruisers, a decent cross-section of successful individual investors, now seek opportunity and are more hardened and conservative than in recent years. Scary headlines frighten them little. (Though Michael Lewis and his new bestseller, Flash Boys, confuses and troubles them. We’d be better served by moving it to the fiction section.) Clearly, they seemed willing to look a little further into the future and consider more risk. I presume you have a similar mentality.

    The cruisers are now more prone to follow their own ideas and less dependent on us “faculty” than in recent years. (A faculty including Steve Forbes, fellow columnist Marilyn Cohen, tech maven Mark Mills and the legendary Mark Mobius.) I walked away confirmed in my belief that we’re moving from market skepticism toward optimism as postulated in my Jan. 20 and Apr. 14 columns. That means more bull market ahead.


  • Fisher Investments' Top New Stocks of the First Quarter

    Ken Fisher (Trades, Portfolio) manages Fisher Investments, under the theory that supply and demand determine markets, and therefore to beat the market investors must find information others don’t know or have misinterpreted. Fisher Investments has $44 billion in assets under management.

    In the first quarter of 2014, the firm purchased 57 new stocks, for 3% turnover in the portfolio containing 541 stocks. Below are the largest new buys.  

  • Ken Fisher's Top Increases of the First Quarter

    CEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy first quarter. Fisher purchased a total of 57 new stocks. His first quarter portfolio holds 541 stocks and is valued at over $44.34 billion. The following five stocks represent the five companies where Fisher made the largest increase in holdings.

    KB Financial Group (KB)


  • Ken Fisher for Forbes - Only Two Things Can Stop The Bull Market

    This story appears in the April 14, 2014 issue of Forbes.

    While few ever believe it, only two things end any bull market. Like that simple straight vector you learned about in high school physics—except that bull markets wiggle wildly—it’s either by losing steam or by running up against a newly emergent wall. Keep a lookout for both.


  • Ken Fisher for Forbes - 'Big, Fat, Gross, My Kinda Stocks!'

    While markets are pretty efficient at prepricing, or “discounting,” all known information so you can’t profit from it, they sometimes miss the elephant in the room: huge truths that for whatever reason are ignored or forgotten.

    Exhibit A: any stock’s gross operating profit margin (sales minus direct cost of goods sold). Back in the ’60s and ’70s data were scarce, and while analysts knew that companies with fat gross margins lagged those with thin gross margins early in bull markets—and overachieved in the later phases—they couldn’t do much about it. A simple rule—which I discussed at length in my first book, in 1984.


  • Steel: Which Giant to Choose?

    Currency risks in emerging markets, subdued international prices, and structural overcapacity. Though at first sight the outlook for the steel world might seem a bit bleak (maybe more than a bit), I am of the belief that there are still reasons to bet on some producers that are robust enough to thrive in a non-friendly environment and become leaders in an extremely competitive sector.

    Despite current turmoil in emerging economies, global volatility and falling prices, the long-run fundamentals for the steel industry are still worth considering. As the world comes out of recession and less developed countries make huge efforts to catch up with major global powers, the steel sector becomes a main player the mammoth investments that need to be realized in emerging markets such as China, India and Brazil.


  • Review: The Little Book of Market Myths

    “Questioning yourself is hard.”

    These are the opening words of Ken Fisher (Trades, Portfolio)’s latest book,The Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes,and I am inclined to agree. Being a good investor requires two contradictory sets of skills. You must be confident and independent minded; but at the same time, you must be humble and willing to question your assumptions. If you get the second half right but neglect the first, you end up, at best, as a closet indexer, tracking the broader market. And if you get the first half right but neglect the second, you can end up doubling down on bad trades and risk utter ruin. Just ask Bill Ackman about that…  

Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial