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Ken Fisher's Top 5 New Portfolio Stocks

July 27, 2014 | About:
Holly LaFon

Holly LaFon

320 followers
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.

His stock portfolio, valued at $47.6 billion contained 558 stocks as of the second quarter, in which he purchased 80 new ones. The top new stocks are: PacWest Bancorp (NASDAQ:PACW), Umpqua Holdings Corp. (NASDAQ:UMPQ), UMB Financial Corp (NASDAQ:UMBF), AAR Corp (NYSE:AIR) and Omnicell Inc. (NASDAQ:OMCL).

PacWest Bancorp (NASDAQ:PACW)

Fisher purchased 2,305,378 shares of PacWest Bancorp, whose share price averaged $42 for the quarter. The position equates to 0.21% of the portfolio.

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PacWest Bancorp was organized on Oct. 22, 1999 and incorporated in the state of California. PacWest Bancorp has a market cap of $4.23 billion; its shares were traded at around $41.45 with a P/E ratio of 33.20 and P/S ratio of 5.52. The dividend yield of PacWest Bancorp stocks is 2.41%.

Umpqua Holdings Corp. (NASDAQ:UMPQ)

Fisher purchased 603,215 shares of UMB Financial Corp, whose stock price averaged $60 a share for the quarter. The position equates to 0.08% of the portfolio.

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Umpqua Holdings Corp is a financial holding company, which is engaged in the business of commercial and retail banking and the delivery of retail brokerage services. Umpqua Holdings Corp has a market cap of $3.75 billion; its shares were traded at around $17.27 with a P/E ratio of 20.70 and P/S ratio of 3.56. The dividend yield of Umpqua Holdings Corp stocks is 3.47%.

UMB Financial Corp (NASDAQ:UMBF)

Fisher purchased 697,620 shares of AAR Corp in the second quarter, when the price averaged $26. The position equates to 0.04% of the portfolio.

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UMB Financial Corporation was organized as a corporation in 1967, under Missouri law for the purpose of becoming a bank holding company registered under the Bank Holding Company Act of 1956. UMB Financial Corp has a market cap of $2.57 billion; its shares were traded at around $56.56 with a P/E ratio of 19.70 and P/S ratio of 2.88. The dividend yield of UMB Financial Corp stocks is 1.57%. UMB Financial Corp had an annual average earnings growth of 9.20% over the past 10 years. GuruFocus rated UMB Financial Corp the business predictability rank of 5-star.

AAR Corp (NYSE:AIR)

Fisher purchased 697,620 shares of AAR Corp, whose stock price averaged $26 for the quarter. The purchase equates to 0.04% of the portfolio.

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AAR Corporation was founded in 1951, organized in 1955 and reincorporated in Delaware in 1966. AAR Corp has a market cap of $1.06 billion; its shares were traded at around $26.88 with a P/E ratio of 14.60 and P/S ratio of 0.51. The dividend yield of AAR Corp stocks is 1.12%. Aar Corp had an annual average earnings growth of 10.60% over the past 10 years. GuruFocus rated Aar Corp the business predictability rank of 4.5-star.

Omnicell Inc. (NASDAQ:OMCL)

Fisher purchased 410,000 shares of Omnicell Inc. in the second quarter, when the price averaged $27. The position equates to 0.025% of the portfolio.

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Omnicell Inc. was formerly Omnicell Technologies Inc. Omnicell Inc. has a market cap of $996.774 million; its shares were traded at around $27.23 with a P/E ratio of 37.00 and P/S ratio of 2.49. Omnicell Inc. had an annual average earnings growth of 18.0% over the past 10 years. GuruFocus rated Omnicell Inc. the business predictability rank of 3.5-star.

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