Ken Fisher (Trades, Portfolio) is the CEO and CIO of Fisher Investments. The investment philosophy at Fisher Investments is based on the idea that supply and demand of securities is the sole determinate of pricing. The following are the companies the investor has been buying for at least the last two quarters.
Colgate-Palmolive Co. (CL)
During the fourth quarter of 2015, Fisher increased its stake by 10.17% and again by 1.13% in the first quarter 2016. Colgate is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world. During the fourth quarter, net sales decreased by 7.5% year over year and excluding divested businesses, unit volume increased 1%.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 1.13% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.53%, Jeremy Grantham (Trades, Portfolio) with 0.3%, Pioneer Investments (Trades, Portfolio) with 0.22%, Donald Yacktman (Trades, Portfolio) with 0.15%, Yacktman Fund (Trades, Portfolio) with 0.13%, Chris Davis (Trades, Portfolio) with 0.02% and Manning & Napier Advisors with 0.01%.
Energizer Holdings Inc. (ENR)
During the fourth quarter of 2015, the guru increased the stake by 0.01% and again by 1.81% in the first quarter 2016. The fund currently holds 0.09% of outstanding shares of the company that is an American manufacturer of batteries. During the first quarter, net sales grew 1.1% and organic net sales were up 9.5%. Diluted EPS grew 6.1%, and adjusted diluted EPS increased 1.8%.
Mario Gabelli (Trades, Portfolio) is the largest shareholder of the company among the gurus with 2.16% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 0.5%, Jim Simons (Trades, Portfolio) with 0.41%, Joel Greenblatt (Trades, Portfolio) with 0.22%, and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
Incyte Corp. (INCY)
During the fourth quarter of 2015, Fisher increased the stake by 2.23% and again by 0.14% in the first quarter 2016. The fund currently holds 0.01% of outstanding shares of the company that is a biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs to treat serious unmet medical needs, mainly in oncology. During the last quarter, revenue had 72% growth over the same period last year and 2015 full-year net product revenues had a 68% growth over last year.
The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 5.14% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 2.36%.
Jazz Pharmaceuticals PLCÂ (JAZZ)
During the fourth quarter of 2015, Fisher increased the stake by 7.77% and again bought shares in the company with another increase of 4.84% in the first quarter 2016. It is a specialty biopharmaceutical company focused on improving patients' lives by identifying, developing and commercializing differentiated products that address unmet medical needs.Â
RS Investment Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.59% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.59%, Joel Greenblatt (Trades, Portfolio) with 0.3%, Louis Moore Bacon (Trades, Portfolio) with 0.06%, Jim Simons (Trades, Portfolio) with 0.03%, George Soros (Trades, Portfolio) with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
Lockheed Martin Corp. (LMT)
During the fourth quarter of 2015, Fisher increased his stake by 0.92% and again by 5.76% in the first quarter 2016. The company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Net earnings in the fourth quarter of 2015 were $3.01 per share, compared to $2.82 per share in the fourth quarter of 2014, and net sales in 2015 were $46.1 billion, compared to $45.6 billion in 2014.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 0.59% of outstanding shares, followed by Tweedy Browne (Trades, Portfolio) with 0.05%, John Burbank (Trades, Portfolio) with 0.04%, Manning & Napier Advisors with 0.01% and John Rogers (Trades, Portfolio) with 0.01%.
Lowe's Companies Inc. (LOW)
During the fourth quarter of 2015, Fisher increased the stake by 74.40% and again by 14.65% in the first quarter 2016. The company serves homeowners, renters and commercial business customers. During the fourth quarter, comparable sales increased 5.2% and adjusted diluted EPS of 59 cents grew 28.3%. Adjusted diluted earnings per share for the fiscal year increased 21.4%.
First Eagle Investment (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.24% of outstanding shares, followed by Third Avenue Management (Trades, Portfolio) with 0.13%, Jeremy Grantham (Trades, Portfolio) with 0.08%, Pioneer Investments (Trades, Portfolio) with 0.06%, Ron Baron (Trades, Portfolio) with 0.06%, Tom Gayner (Trades, Portfolio) with 0.06%, Steven Cohen (Trades, Portfolio) with 0.04% and Ken Heebner (Trades, Portfolio) with 0.03%.
Medivation Inc. (MDVN)
During the fourth quarter of 2015, the investor increased the stake by 5% and again by 0.24% in the first quarter 2016. The company is a biopharmaceutical company engaged in the rapid development of novel small molecule drugs to treat diseases for which there are limited treatment options. Fourth quarter revenue grew 52% and full year revenue increased 79% versus the prior year. The company reported 37% growth for fourth quarter net sales and 69% for full year net sales.
The largest shareholder among the gurus is Steven Cohen (Trades, Portfolio) with 1.22% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.09% and Paul Tudor Jones (Trades, Portfolio) with 0.08%.
NetSuite Inc. (N)
During the fourth quarter of 2015, the guru increased the stake by 3.47% and again by 10.26% in the first quarter 2016. The fund currently holds 0.01% of outstanding shares of the company that is the world's leading provider of cloud-based business management software. It enables companies to manage core key business operations in a single system. Fourth quarter revenue had 31% year over year growth and 34% growth for operating cash flow. Total revenue for the year had a year-over-year increase of 33% and cash flow from operations had an increase of $25.5 million, or 34%, over the prior year.
Columbia Wanger (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.82% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.17%, Jim Simons (Trades, Portfolio) with 0.03% and John Burbank (Trades, Portfolio) with 0.02%.
