Guru Ken Fisher (Trades, Portfolio), chief executive officer and chief investment officer of Fisher Investments, made more than 40 new buys in the first quarter, but his most noteworthy transaction was the sale of nearly all of his stake in Prudential PLC (PUK, Financial), a London-based insurance and financial services company.
Fisher sold 2,865,795 shares for an average price of $37.41 per share. The transaction had a -0.26% impact on his portfolio.
With a remaining stake of 11,868 shares, Fisher is Prudential’s leading shareholder among the gurus.
Prudential has a P/E of 14.3, a forward P/E of 10.3, a P/B of 2.8 and a P/S of 0.9. GuruFocus gives Prudential a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Prudential sold for $40.97 per share Tuesday.
Fisher trimmed his stake in SPDR Nuveen Barclays Municipal Bond ETF (ARCA:TFI, Financial) by nearly 49%. Fisher sold 4,664,633 shares for an average price of $29.5 per share. The deal had a -0.23% impact on Fisher’s portfolio.
The remaining stake of 4,857,323 shares is 0.48% of Fisher’s total assets. Fisher is the ETF’s only shareholder among the gurus.
SPDR Nuveen Barclays Municipal Bond ETF sold for $49.69 per share Tuesday.
The guru sold more than 94% of his stake in ABB Ltd. (ABB, Financial), an electrical equipment company based in Zurich. Fisher sold 6,189,676 shares for an average price of $17.66 per share. The transaction had a -0.22% impact on his portfolio.
The remaining stake of 390,468 shares is 0.02% of ABB’s outstanding shares and 0.02% of Fisher’s total assets. Barrow, Hanley, Mewhinney & Strauss is ABB’s leading shareholder among the gurus with a stake of 2,415,150 shares. The stake is 0.11% of ABB’s outstanding shares and 0.06% of the guru’s total assets.
ABB has a P/E of 23.8, a forward P/E of 16.8, a P/B of 3 and a P/S of 1.3. GuruFocus gives ABB a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
ABB sold for $20.26 per share Tuesday.
Fisher slashed his stake in Jarden Corp. (JAH, Financial), a consumer goods company, by more than 78% with the sale of 1,461,829 shares for an average price of $53.45 per share. The deal had a -0.16% impact on Fisher’s portfolio.
The remaining stake of 400,383 shares is 0.18% of Jarden’s outstanding shares and 0.05% of Fisher’s total assets. Diamond Hill Capital (Trades, Portfolio) is Jarden’s leading shareholder among the gurus with a stake of 3,918,376 shares. The stake is 1.78% of Jarden’s outstanding shares and 1.49% of Diamond Hill’s total assets.
Jarden has a P/E of 86.5, a forward P/E of 17.8, a P/B of 3.2 and a P/S of 1.4. GuruFocus gives Jarden a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Jarden sold for $58.97 per share Tuesday.
Fisher raised his stake in Siemens AG (SIEGY, Financial), Europe’s largest engineering company with offices in Berlin and Munich, by almost 45%. Fisher acquired 1,190,069 shares for an average price of $95.35 per share. The transaction had a 0.24% impact on Fisher’s portfolio.
The stake, now 3,849,632 shares, is 0.48% of Siemens’ outstanding shares and 0.79% of Fisher’s total assets. Fisher is Siemens’ only guru shareholder.
Siemens has a P/E of 11, a forward P/E of 12.3, a P/B of 2.3 and a P/S of 1.1. GuruFocus gives Siemens a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Siemens sold for $108.37 per share Tuesday.
Fisher increased his position in Chevron Corp. (CVX, Financial), a San Ramon, California-based oil and gas company, by nearly 31%. Fisher purchased 851,977 shares for an average price of $87.41 per share. The deal had a 0.16% impact on Fisher’s portfolio.
The stake, now 3,637,927 shares, is 0.19% of Chevron’s outstanding shares and 0.7% of Fisher’s total assets. Barrow, Hanley, Mewhinney & Strauss is Chevron’s leading shareholder among the gurus with a stake of 4,812,372 shares. The stake is 0.26% of Chevron’s outstanding shares and 0.65% of the guru’s total assets.
Chevron has a P/E of 40.9, a forward P/E of 23.9, a P/B of 1.2 and a P/S of 1.4. GuruFocus gives Chevron a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Chevron sold for $100.50 per share Tuesday.
Fisher hiked his stake in BASF SE (BASFY, Financial), a German chemical company, by nearly 40%. Fisher acquired 904,117 shares for an average price of $68.96 per share. The transaction had a 0.14% impact on Fisher’s portfolio.
The stake, now 3,172,055 shares, is 0.35% of BASF’s outstanding shares and 0.48% of Fisher’s total assets. Fisher is BASF’s only shareholder among the gurus.
BASF has a P/E of 16.3, a forward P/E of 13.7, a P/B of 2.1 and a P/S of 0.9. GuruFocus gives BASF a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
BASF sold for $79.78 per share Tuesday.
The guru increased his stake in ISHARES iBoxx USD InvestTop Investment Grade Corp. (ARCA:LQD, Financial) by nearly 5%. Fisher bought 601,886 shares for an average price of $114.81 per share. The deal had a 0.14% impact on Fisher’s portfolio.
The stake, now 13,174,823 shares, is 3.1% of Fisher’s total assets. Fisher is ISHARES iBoxx USD InvestTop Investment Grade’s leading shareholder among the gurus.
ISHARES iBoxx USD InvestTop Investment Grade sold for $119.91 per share Tuesday.
Fisher increased his stake in Alibaba Group Holding Ltd. (BABA, Financial), a Chinese ecommerce company, by more than 39%. Fisher bought 855,706 shares for an average price of $70.39 per share. The transaction had a 0.13% impact on Fisher’s portfolio.
The stake, now 3,081,224 shares, is 0.12% of Alibaba’s outstanding shares and 0.48% of Fisher’s total assets. Alibaba’s leading shareholder among the gurus is Frank Sands (Trades, Portfolio) with a stake of 23,074,907 shares. The stake is 0.92% of Alibaba’s outstanding shares and 4.83% of Sands’ total assets.
Alibaba has a P/E of 18.7, a forward P/E of 22.5, a P/B of 6.1 and a P/S of 13.6. GuruFocus gives Alibaba a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Alibaba sold for $79.46 per share Tuesday.
Fisher sold his 1,226,974-share stake in Heartland Payment Systems Inc. (HPY), a Princeton, New Jersey-based electronic payment processing company, for an average price of $92.09 per share. The divestiture had a -0.23% impact on Fisher’s portfolio.
Heartland’s leading shareholder among the gurus is Paul Tudor Jones (Trades, Portfolio) with a stake of 233,500 shares. The stake is 0.63% of Heartland’s outstanding shares and 0.62% of Jones’ total assets.
Heartland has a P/E of 46.1, a forward P/E of 31.8, a P/B of 11.5 and a P/S of 1.4. GuruFocus gives Heartland a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Heartland sold for $104.44 per share Tuesday.
Fisher sold his 2,712,948-share stake in American Equity Investment Life Holding Co. (AEL), a Des Moines, Iowa-based developer and seller of fixed index and fixed rate annuity products, for an average price of $16.32 per share. The divestiture had a -0.13% impact on Fisher’s portfolio.
American Equity’s leading shareholder among the gurus is John Keeley (Trades, Portfolio) with a stake of 2,366,090 shares. The stake is 2.89% of American Equity’s outstanding shares and 1.81% of Keeley’s total assets.
American Equity has a P/E of 5.8, a P/B of 0.7 and a P/S of 0.9. GuruFocus gives American Equity a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
American Equity sold for $15.58 per share Tuesday.
Fisher invested in a 2,269,246-share stake in JD.com Inc. (JD), a Beijing-based ecommerce company, for an average price of $26.32 per share. The acquisition had a 0.13% impact on Fisher’s portfolio.
The stake is 0.17% of JD.com’s outstanding shares and 0.13% of Fisher’s total assets. JD.com’s leading shareholder among the gurus is Chase Coleman (Trades, Portfolio) with a stake of 59,615,495 shares. The stake is 4.36% of JD.com’s outstanding shares and 15.46% of Coleman’s total assets.
JD.com has a forward P/E of 72.5, a P/B of 8.4 and a P/S of 1.5. GuruFocus gives JD.com a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.
JD.com sold for $28.85 per share Tuesday.
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