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Kenneth Fisher Q4 Top Buys: FXI, AAXJ, TIP, MBB, HYG
Posted by: gurufocus (IP Logged)
Date: January 30, 2012 08:13AM

Kenneth Fisher just reported his fourth quarter portfolio. He has been always bullish with international market. He purchases a number of emerging market ETFs and bond ETFs. As of 12/31/2011, Fisher Asset Management, LLC owns 468 stocks with a total value of $33.5 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.

This is the portfolio chart of Kenneth Fisher. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Kenneth Fisher's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Kenneth+Fisher

This is the sector weightings of his portfolio:

Industrials 18.5%
Technology 13.2%
Health Care 12.5%
Oil & Gas 11.2%
Basic Materials 9.8%
Consumer Services 7.1%
Financials 7.1%
Consumer Goods 6.7%
Not Assigned 1.1%
Telecom 0.7%
Utilities 0.4%


These are the top 5 holdings of Kenneth Fisher

  1. SPDR S&P 500 ETF (SPY) - 6,873,463 shares, 2.6% of the total portfolio. Shares added by 9728.36%
  2. ISHARES IBoxx USD InvestTop Investment Grade Corpo (LQD) - 6,330,788 shares, 2.1% of the total portfolio. Shares added by 2.31%
  3. Johnson & Johnson (JNJ) - 10,192,184 shares, 2.0% of the total portfolio. Shares reduced by 5.34%
  4. IShares Trust MSCI EAFE Index Fund (EFA) - 12,881,518 shares, 1.9% of the total portfolio. Shares added by 17412.8%
  5. Basf Ag-Adr New (BASFY) - 9,284,623 shares, 1.9% of the total portfolio. Shares reduced by 2.75%


New Purchase: Ishares FTSE/FXI China 25 Index Fund (FXI)

Kenneth Fisher initiated holdings in Ishares Ftse/xinhua China 25 Index Fund. His purchase prices were between $29.75 and $38.95, with an estimated average price of $35.02. The impact to his portfolio due to this purchase was 1.6%. His holdings were 15,814,391 shares as of 12/31/2011.

New Purchase: Ishares Msci All Country Asia Ex Japan Index Fund (AAXJ)

Kenneth Fisher initiated holdings in Ishares Msci All Country Asia Ex Japan Index Fund. His purchase prices were between $45.36 and $56.23, with an estimated average price of $51.15. The impact to his portfolio due to this purchase was 1.3%. His holdings were 8,626,595 shares as of 12/31/2011.

New Purchase: Ishares Trust Barclays Tips Bond Fund- Etf (TIP)

Kenneth Fisher initiated holdings in Ishares Trust Barclays Tips Bond Fund- Etf. His purchase prices were between $113.75 and $117.99, with an estimated average price of $116.19. The impact to his portfolio due to this purchase was 0.74%. His holdings were 2,120,691 shares as of 12/31/2011.

New Purchase: Ishares Barclays Mbs Bond Fund (MBB)

Kenneth Fisher initiated holdings in Ishares Barclays Mbs Bond Fund. His purchase prices were between $107.16 and $108.21, with an estimated average price of $107.71. The impact to his portfolio due to this purchase was 0.46%. His holdings were 1,411,452 shares as of 12/31/2011.

New Purchase: Ishares Iboxx $ High Yield Corporate Bond Fund (HYG)

Kenneth Fisher initiated holdings in Ishares Iboxx $ High Yield Corporate Bond Fund. His purchase prices were between $81.05 and $90.39, with an estimated average price of $86.84. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,220,914 shares as of 12/31/2011.

New Purchase: Stillwater Mining Co. (SWC)

Kenneth Fisher initiated holdings in Stillwater Mining Co.. His purchase prices were between $8.02 and $12.45, with an estimated average price of $10.37. The impact to his portfolio due to this purchase was 0.12%. His holdings were 3,800,895 shares as of 12/31/2011.

Sold Out: American Greetings Corp. Cl A (AM)

Kenneth Fisher sold out his holdings in American Greetings Corp. Cl A. His sale prices were between $12.51 and $17.83, with an estimated average price of $16.21.

Added: Spdr S&p 500 Etf (SPY)

Kenneth Fisher added to his holdings in Spdr S&p 500 Etf by 9728.36%. His purchase prices were between $109.93 and $128.6, with an estimated average price of $122.62. The impact to his portfolio due to this purchase was 2.57%. His holdings were 6,873,463 shares as of 12/31/2011.

Added: Ishares Trust Msci Eafe Index Fund (EFA)

Kenneth Fisher added to his holdings in Ishares Trust Msci Eafe Index Fund by 17412.8%. His purchase prices were between $46.45 and $55.57, with an estimated average price of $50.22. The impact to his portfolio due to this purchase was 1.89%. His holdings were 12,881,518 shares as of 12/31/2011.

Reduced: Applied Materials Inc. (AMAT)

Kenneth Fisher reduced to his holdings in Applied Materials Inc. by 99.03%. His sale prices were between $9.85 and $12.73, with an estimated average price of $11.28. The impact to his portfolio due to this sale was -1.37%. Kenneth Fisher still held 391,612 shares as of 12/31/2011.

Reduced: Credit Suisse Group Ads (CS)

Kenneth Fisher reduced to his holdings in Credit Suisse Group Ads by 99.69%. His sale prices were between $21.2 and $31.98, with an estimated average price of $25.04. The impact to his portfolio due to this sale was -0.86%. Kenneth Fisher still held 30,272 shares as of 12/31/2011.

Reduced: Mitsubishi Ufj Financial Group Inc. Ads (MTU)

Kenneth Fisher reduced to his holdings in Mitsubishi Ufj Financial Group Inc. Ads by 99.14%. His sale prices were between $4.03 and $4.66, with an estimated average price of $4.27. The impact to his portfolio due to this sale was -0.6%. Kenneth Fisher still held 353,941 shares as of 12/31/2011.

Reduced: General Electric Co. (GE)

Kenneth Fisher reduced to his holdings in General Electric Co. by 29.52%. His sale prices were between $14.69 and $18.23, with an estimated average price of $16.34. The impact to his portfolio due to this sale was -0.47%. Kenneth Fisher still held 22,164,021 shares as of 12/31/2011.

Reduced: Exxon Mobil Corp. (XOM)

Kenneth Fisher reduced to his holdings in Exxon Mobil Corp. by 21.57%. His sale prices were between $71.15 and $85.28, with an estimated average price of $78.88. The impact to his portfolio due to this sale was -0.37%. Kenneth Fisher still held 5,604,034 shares as of 12/31/2011.

Reduced: Pnc Financial Services Group Inc. (PNC)

Kenneth Fisher reduced to his holdings in Pnc Financial Services Group Inc. by 26.2%. His sale prices were between $46.24 and $58.57, with an estimated average price of $52.98. The impact to his portfolio due to this sale was -0.25%. Kenneth Fisher still held 4,478,833 shares as of 12/31/2011.

Reduced: Medtronic Inc. (MDT)

Kenneth Fisher reduced to his holdings in Medtronic Inc. by 24.85%. His sale prices were between $31.79 and $38.34, with an estimated average price of $34.67. The impact to his portfolio due to this sale was -0.24%. Kenneth Fisher still held 6,579,619 shares as of 12/31/2011.

Reduced: Banco Santander S.a. Ads (STD)

Kenneth Fisher reduced to his holdings in Banco Santander S.a. Ads by 30.58%. His sale prices were between $6.8 and $9.11, with an estimated average price of $7.84. The impact to his portfolio due to this sale was -0.24%. Kenneth Fisher still held 20,050,802 shares as of 12/31/2011.

Reduced: Cnooc Ltd. Ads (CEO)

Kenneth Fisher reduced to his holdings in Cnooc Ltd. Ads by 23.27%. His sale prices were between $150.35 and $201.47, with an estimated average price of $181.86. The impact to his portfolio due to this sale was -0.23%. Kenneth Fisher still held 1,415,311 shares as of 12/31/2011.

Reduced: Banco Bradesco S.a. Ads (BBD)

Kenneth Fisher reduced to his holdings in Banco Bradesco S.a. Ads by 21.05%. His sale prices were between $14.41 and $18.91, with an estimated average price of $16.75. The impact to his portfolio due to this sale was -0.2%. Kenneth Fisher still held 15,020,179 shares as of 12/31/2011.

Reduced: Wells Fargo & Co. (WFC)

Kenneth Fisher reduced to his holdings in Wells Fargo & Co. by 20.51%. His sale prices were between $23.18 and $27.785, with an estimated average price of $25.68. The impact to his portfolio due to this sale was -0.18%. Kenneth Fisher still held 8,879,118 shares as of 12/31/2011.

Reduced: Netapp Inc. (NTAP)

Kenneth Fisher reduced to his holdings in Netapp Inc. by 26.51%. His sale prices were between $33.64 and $43.94, with an estimated average price of $38.09. The impact to his portfolio due to this sale was -0.17%. Kenneth Fisher still held 4,123,607 shares as of 12/31/2011.

Reduced: Mosaic Company (MOS)

Kenneth Fisher reduced to his holdings in Mosaic Company by 26.15%. His sale prices were between $47.13 and $61.96, with an estimated average price of $53.61. The impact to his portfolio due to this sale was -0.16%. Kenneth Fisher still held 2,787,562 shares as of 12/31/2011.

Reduced: Makita Corp. (MKTAY)

Kenneth Fisher reduced to his holdings in Makita Corp. by 91.28%. His sale prices were between $30.44 and $40.67, with an estimated average price of $35.11. The impact to his portfolio due to this sale was -0.16%. Kenneth Fisher still held 127,782 shares as of 12/31/2011.

Reduced: Halliburton Co. (HAL)

Kenneth Fisher reduced to his holdings in Halliburton Co. by 24.11%. His sale prices were between $28.68 and $39.13, with an estimated average price of $34.91. The impact to his portfolio due to this sale was -0.14%. Kenneth Fisher still held 4,307,023 shares as of 12/31/2011.

Reduced: Siliconware Precision Industries Company Ltd. (SPIL)

Kenneth Fisher reduced to his holdings in Siliconware Precision Industries Company Ltd. by 85.02%. His sale prices were between $3.98 and $5.33, with an estimated average price of $4.7. The impact to his portfolio due to this sale was -0.1%. Kenneth Fisher still held 1,133,887 shares as of 12/31/2011.




Guru Discussed: Kenneth Fisher: Current Portfolio, Stock Picks
Stocks Discussed: FXI, AAXJ, TIP, MBB, HYG, SPY, JNJ, LQD, EFA,
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