Ken Fisher

Ken Fisher

Last Update: 2014-07-25

Number of Stocks: 558
Number of New Stocks: 80

Total Value: $47,563 Mil
Q/Q Turnover: 10%

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

Ken Fisher Watch

  • 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…  


  • Ken Fisher’s Top Increases of the Fourth Quarter

    CEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy fourth quarter. Fisher purchased a total of 60 new stocks and sold out of 48 others. His fourth quarter portfolio holds 528 stocks and is valued at over $44.364 billion. The following five stocks represent the five companies where Fisher made the largest increase in holdings.


    Siemens AG (SI)

      


  • Ken Fisher for Forbes - A Big (Bull) Surprise For 2014

    Consensus sentiment, particularly among professionals (who as a group are almost always wrong), tightly clusters around a 6% S&P 500 return for this year. When sentiment clusters like that my research shows stocks almost always do much better or much worse. Expect better!


    Yes, this bull market has moved well past pessimism. But residual skeptics still temper the euphoria that classically death-knells stocks. More standard measures of optimism tend to hit halfway through a bull—and that should be sometime in 2014. Happy times, indeed! Can things go wrong? Of course. But don’t bet on it.

      


  • Ken Fisher for Forbes - 'Turning $1,000 Into $42 Million'

    I have been writing for this magazine for 29-plus years, and with this issue I pass Lucien O. Hooper to become the third-longest-running “expert” columnist in FORBES’ 96-year history. Lucien may have been the most popular ever for what Steve Forbes recalls as his “conversational way,” and even though he died 25 years ago, his investing lessons still hold today.

    Lucien oozed his Maine farm boy origins. A Harvard dropout, Lucien began at the bottom of the Boston Commercial in 1919, eventually overseeing statistics while penning a commodity column. Soon he was writing stock market commentary for multiple brokerage firms now long forgotten (remember E.A. Pierce?) and became a leader on security and financial analysis.  


  • Ken Fisher for Forbes - Meet The Magic Indicator: The LEI Don't Lie

    It just won’t happen. Except for the euphoric end of bull market peaks, folks always fear recession ahead—more so right now due to the government shutdown hangover and the eventual end of quantitative easing.

    Relax! There is a basically foolproof technique to know if a recession may come any time soon. Right now that method says, “No way.”  


  • Ken Fisher Cuts Lion’s Share in Four Telecoms in US, Europe, China

    Guru Ken Fisher of Fisher Asset Management LLC reduced and sold numerous positions in the third quarter of 2013. Here’s a review of four of his sells in telecommunications in which he reduced his position with telecom giants by 95% or more.

    As of the quarter ending Sept. 30, 2013, Fisher drastically reduced his positions in AT&T Inc. (T), Verizon Communications Inc. (VZ), Europe's Vodafone Group PLC (VOD) and China-based China Mobile Ltd. (CHL).  


  • Guru Investor Ken Fisher’s Top 5 New Stock Buys

    California-based Fisher Investments is led by Ken Fisher, who believes markets are efficient, and the only way to beat them is by knowing what other participants do not. He looks at macro conditions first, then sectors, then individual stocks.

    In the third quarter, Fisher’s portfolio experienced 8% turnover, with 57 new stocks added for a total of 499 holdings. The largest new picks are: UBS AG (UBS), Daimler AG (DDAIY), Deutsche Post AG (DPSGY), Bancorp South Inc. (BXS) and American Equity Investment Life Holding Company (AEL).  


  • Ken Fisher’s Top Third Quarter Increases

    KCEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy third quarter. Fisher purchased a total of 57 new stocks and sold out of 48 others. His third quarter portfolio holds 499 stocks and is valued at over $40.5 billion. The following five stocks represent the five companies where Fisher made the largest increase in holdings.

    Goldman Sachs Group (GS)  


  • Is There Some 'Light' in the Electric Sector?

    The electric industry could face several risks like lower electric margins, a higher interest rate environment and an unfavorable commodity price trend. The S&P Electric Utilities Index increased 3.59% year to date. So let's take a look at two companies in this sector and see which one is doing better and is thus the best investment.

    The AES Corporation (AES) is a global power company operating across 25 countries in five continents. The company operates in two lines of business: Generation and Utilities. A large exposure in markets like China, France, Spain and several eastern European countries provides geographic diversification that reduces region-specific risks, as well as a highly diversified earnings base.  


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