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Sally Jones
Sally Jones
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Ken Fisher Slashes Millions of Shares in Beer, Tobacco, Food Companies

October 20, 2013 | About:

The third quarter portfolio update of Fisher Asset Management LLC, led by Guru Ken Fisher, lists 499 stocks, with 57 new stocks. The total portfolio value is $4.05 billion, with a quarter-over-quarter turnover of 8%. The portfolio is currently weighted with top three sectors: financial services at 20.2%, consumer cyclical at 14% and healthcare at 12.2%. Fisher has averaged a return of 12.29% over 12 months.

In the third quarter of 2013, Ken Fisher reduced and sold numerous positions. Here’s a review of his four highest-impact reductions, as of the quarter ending Sept. 30, 2013:

Nestle SA (NSRGY): Reduced

Impacts Portfolio: -1.44%

Up 9% over 12 months, Nestle SA, the Switzerland-based packaged foods company, has a market cap of $232.38 billion; its shares were traded at around $72.06 with a P/E of 19.70. The dividend yield is 2.52%.

Guru Action: As of Sept. 30, 2013, Ken Fisher reduced his position by 95.77%, selling 8,456,175 shares at an average price of $67.37 and gaining 7%. His current shares remaining are 373,373.

Across a five-year history, Guru Fisher has averaged a 50% gain on 9,106,789 shares bought at an average price of $48.02 per share. Selling 10,455,393 shares at an average price of $64.49 per share, he has gained 12%.

Track historical pricing, revenue and net income:

1382209127362.png

Phillip Morris International Inc. (NYSE:PM): Reduced

Impacts Portfolio: -1.28%

Down 3% over 12 months, Phillip Morris International Inc., the tobacco holding company, has a market cap of $140.7 billion; its shares were traded at around $86.93 with a P/E of 16.90. The dividend yield is 4.01%.

Guru Action: As of Sept. 30, 2013, Ken Fisher reduced his position by 98.53%, unloading 5,804,363 shares at an average price of $87.43, for a loss of 0.6%. His current shares remaining are 86,495.

Guru Fisher has averaged a 2% loss on 6,051,894 shares bought at an average price of $88.62 per share. Selling 5,988,629 shares at an average price of $87.35 per share, he has gained 0%.

Track historical pricing, revenue and net income:

1382209344387.png

British American Tobacco PLC (BTI): Reduced

Impacts Portfolio: -0.76%

Up 4% over 12 months, British American Tobacco PLC, a tobacco holding company,has a market cap of $101.78 billion; its shares were traded at around $107.35 with a P/E of 17.30. The dividend yield is 4.03%.

Guru Action: As of Sept. 30, 2013, Ken Fisher reduced his position by 82.18%, unloading 2,815,303 shares at an average price of $105.80, gaining 1.5%. His current shares remaining are 610,281.

Across six quarters, Guru Fisher has averaged a 3% gain on 3,425,584 shares bought at an average price of $104.57 per share. Selling 2,815,303 shares at an average price of $105.80 per share, he has gained 1%.

Track historical pricing, revenue and net income:

1382209579806.png

Companhia de Bebidas das Americas Ambev (NYSE:ABV): Reduced

Impacts Portfolio: -0.71%

Up 5% over 12 months, Companhia de Bebidas das Americas Ambev, a Brazilian beer and soft drink company, has a market cap of $124.03 billion; its shares were traded at around $39.59 with a P/E of 26.50. The dividend yield is 3.16%.

Guru Action: As of Sept. 30, 2013, Ken Fisher reduced his position by 77.68%, selling 7,281,923 shares at an average price of $36.66, gaining 8%. His current shares remaining are 2,092,495.

Guru Fisher has averaged an 8% gain on 9,669,363 shares bought at an average price of $36.78 per share. Selling 7,685,493 shares at an average price of $36.59 per share, he has also gained 8%.

Track historical pricing, revenue and net income:

1382210041203.png

Ken Fisher is the son of another the legendary investor Philip A. Fisher. Guru Ken Fisher has a reputation for making accurate calls, often in opposition to the Wall Street consensus.

Check out all of Ken Fisher’s trades and history.

A summary of Ken Fisher’s updated top buys, sells, and holdings:



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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: 5.0/5 (3 votes)

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