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

October 20, 2013 | About:
Sally Jones

Sally Jones

49 followers
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:

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Phillip Morris International Inc. (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:

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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:

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Companhia de Bebidas das Americas Ambev (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:

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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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