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Ken Fisher's Second Quarter Update - Impact Sells

Sally Jones

Sally Jones

49 followers
The legendary investor Ken Fisher, CEO and CIO of Fisher Asset Management, had a very active second quarter of 2013. The Fisher Asset Management LLC portfolio currently lists 492 stocks, with 45 of them new. The total portfolio value is $3.85 billion, with a quarter-over-quarter turnover of 8%.

With his numerous sells and reductions made in second quarter, here’s a look at Guru Fisher’s high impact selling highlights, as of June 30, 2013:

Rio Tinto PLC (RIO): Reduced

Impacts Portfolio: -1.29%

Down 2% over 12 months, Rio Tinto PLC has a market cap of $85.71 billion; its shares were traded at around $46.39. The P/B ratio is 1.90.

Rio Tinto PLC is engaged globally in minerals exploration, development, production and processing. Its products are bauxite, alumina, copper, gold, molybdenum, silver and a number of others. Rio Tinto also produces thermal coal, coking coal, uranium, iron ore and salt.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 98.96%, selling 9,968,170 shares at an average price of $44.61, for a gain of 4%.

He has averaged a loss of 36% on 11,501,313 shares bought at an average price of $72.88 per share. On shares sold, he averaged a gain of 10% on 69,378,747 shares sold at an average price of $42.14 per share.

His current shares remaining: 104,670.

Tracking historical pricing:

1377126010250.png

CNOOC Ltd. (CEO): Reduced

Impacts Portfolio: -1.29%

Up 3% over 12 months, CNOOC Ltd. has a market cap of $88.52 billion; its shares were traded at around $198.28, trading with a P/E of 19.00.

Based in Hong Kong, CNOOC Limited is an oil and gas company engaged in the exploration, development and production of crude oil and natural gas.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 83.98%, selling 1,621,377 shares at an average price of $179.39, for a gain of 10.5%.

He has averaged a loss of 8% on 2,528,954 shares bought at an average price of $215.38 per share. On shares sold, he averaged a gain of 9% on 2,257,310 shares sold at an average price of $182.08 per share.

His current shares remaining: 309.244.

Tracking historical pricing:

1377124645605.png

Taiwan Semiconductor Manufacturing Co. (TSM): Reduced

Impacts Portfolio: -0.74%

Up 9% since January, Taiwan Semiconductor has a market cap of $81.67 billion; its shares were traded at around $15.75 with a P/E ratio of 14.20.

Taiwan Semiconductor Manufacturing Co. manufactures semiconductors using advanced or mainstream manufacturing processes for its customers based on their own or third parties' proprietary integrated circuit designs.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 49.36%, selling 16,693,256 shares at an average price of $18.42, for a loss of 14.5%.

He has averaged a gain of 13% on 31,210,416 shares bought at an average price of $13.90 per share. On shares sold, he averaged a loss of 13% on 17,513,741 shares sold at an average price of $18.12 per share.

His current shares remaining: 17,122,760.

Trading history:

1377123213320.png

Schlumberger NV (SLB): Reduced

Impacts Portfolio: -0.71%

Up 7% over 12 months, Schlumberger NV has a market cap of $105.92 billion; its shares were traded at around $80.05, trading with a P/E of 17.50.

Schlumberger NV is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 47.39%, selling 3,681,101 shares at an average price of $74.02, for a gain of 8.1%.

He has averaged a loss of 9% on 1,090,879 shares bought at an average price of $87.65 per share. On shares sold, he averaged a gain of 17% on 6,061,240 shares sold at an average price of $68.58 per share.

His current shares remaining: 4,087,008.

Tracking historical pricing:

1377125042001.png

Cisco Systems Inc. (CSCO): Reduced

Impacts Portfolio: -0.51%

Up 25% over 12 months, Cisco Systems Inc. has a market cap of $128.64 billion; its shares were traded at around $24.07, with a P/E of 13.00.

Cisco Systems sells networking and communications products and services. The company's two main products are switches and routers, devices that manage computer network traffic within local area networks and between different networks.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 25.34%, selling 9,195,488 shares at an average price of $22.50, for a gain of 7%.

He has averaged a gain of 28% on 47,782,991 shares bought at an average price of $18.85 per share. On shares sold, he averaged a gain of 31% on 43,356,238 shares sold at an average price of $18.43 per share.

His current shares remaining: 27,095,020.

Tracking historical pricing:

1377125321006.png

Tata Motors Ltd. (TTM): Reduced

Impacts Portfolio: -0.27%

Up 2% over 12 months, Tata Motors Ltd. has a market cap of $14.2 billion; its shares were traded at around $22.25, with a P/E of 11.80.

Tata Motors Ltd. is India's leading automotive manufacturer.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 63.44%, selling 4,092,120 shares at an average price of $25.93, taking a loss of 14.2%.

He has averaged a loss of 4% on 11,889,936 shares bought at an average price of $23.22 per share. On shares sold, he averaged a loss of 18% on 9,532,040 shares sold at an average price of $27.04 per share.

His current shares remaining: 2,357,896.

Tracking 10 years of revenue versus net income:

1377125553762.png

Ecopetrol S.A. (EC): Reduced

Impacts Portfolio: -0.19%

Down 24% over 12 months, Ecopetrol S.A. has a market cap of $92.45 billion; its shares were traded at around $44.97, with a P/E of 13.10.

A Colombian company, Ecopetrol S.A. is a vertically integrated oil company with four business segments that include exploration and production; transportation; refining; and marketing and supply.

Guru Action: As of June 30, 2013, Ken Fisher reduced his position by 64.41%, selling 1,340,436 shares at an average price of $45.66, for a loss of 1.5%.

He has averaged a gain of 72% on 20,056 shares bought at an average price of $11.36 per share. On shares sold, he averaged a loss of 21% on 3,154,419 shares sold at an average price of $56.68 per share.

His current shares remaining: 740,529.

[/url][url=http://www.gurufocus.com/chart/EC]1377125902143.png

Here is the complete portfolio of Kenneth Fisher.



Be sure to read:

1. Kenneth Fisher's Undervalued Stocks

2. Kenneth Fisher's Top Growth Companies

3. Kenneth Fisher's High Yield stocks

4. Stocks that Kenneth Fisher keeps buying

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.4/5 (5 votes)

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