Ken Fisher

Ken Fisher

Last Update: 2014-07-25

Number of Stocks: 558
Number of New Stocks: 80

Total Value: $47,563 Mil
Q/Q Turnover: 10%

Countries: USA CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ken Fisher' s Profile & Performance

Profile

Ken Fisher is the Chief Executive Officer and Chief Investment Officer of Fisher Investments. He has been writing Forbes' prestigious "Portfolio Strategy" column for over two decades, making him one of the longest running columnists in the magazine's 85+ year history. During his many years of money management and market commentary, Ken has distinguished himself by making numerous, accurate market calls, often in direct opposition to Wall Street's consensus forecast. He is the son of legendary investor Philip A. Fisher, and Ken is the only industry professional his father ever trained. Ken has also written three major finance books, including the 1984 Dow Jones best-seller, Super Stocks, and has been published and/or interviewed in many major global finance and business periodicals.

Web Page:http://www.fi.com/

Investing Philosophy

The investment philosophy at Fisher Investments is based on the idea that supply and demand of securities is sole determinate of their pricing. Furthermore, they believe that all widely known information has already been priced into the market. The way to add value, according to the Fisher strategy, is to "identify information not widely known, or to interpret widely known information differently and correctly from other market participants." Fisher Investments employs a team of research analysts to accomplish these tasks.

Total Holding History

Performance of Purisima Total Return (PURIX)

YearReturn (%)S&P500 (%)Excess Gain (%)
201323.3831.55-8.2
20126.2815.4-9.1
2011-7.872.08-9.9
3-Year Cumulative20.8 (6.5%/year)55 (15.7%/year)-34.2 (-9.2%/year)
201014.7415.06-0.3
200936.1826.469.7
5-Year Cumulative88.8 (13.5%/year)125.5 (17.7%/year)-36.7 (-4.2%/year)
2008-42.95-37-6.0
200712.435.616.8
200615.0515.79-0.7
20058.734.913.8
20047.8412-4.2
10-Year Cumulative63.3 (5%/year)104.1 (7.4%/year)-40.8 (-2.4%/year)
200335.2828.76.6
2002-21.96-22.10.1
20014.08-11.916.0
2000-7.42-9.11.7
199924.36213.4
15-Year Cumulative106.6 (5%/year)98.3 (4.7%/year)8.3 (0.3%/year)
199829.4828.60.9
199722.6133.4-10.8

Top Ranked Articles

Back to Basics: Valuation Ratios That Are Important to Value Investors
GuruFocus will display valuation ratios such as P/E ratio, P/S ratio, P/FreeCashFlow, Shiller P/E and P/B on its new stock summary page. This is in addition to the intrinsic values GuruFocus will display. These are the explanations of each ratio. Read more...
Book Review: The Ten Roads to Riches
Many dream of riches. Few achieve them. Why? It usually involves self-denial and hard work. It’s not that anyone can’t achieve riches, if they start young enough, but they won’t make the sacrifices to do so. A strong education helps, but is not absolutely required. As my old boss Eric Hovde said to his staff repeatedly, the biggest difference in success comes from the degree of effort put forth. I would only add that working smart amplifies the effort of working hard. Read more...
Taking a Bite Out of Yum! Brands Stock
Today, Yum! Brands Inc. (YUM), parent company of such restaurant chains as KFC, Pizza Hut and Taco Bell, has reported growth in earnings, sales and profit in all of its divisions, including China, India, Yum! Restaurants International (YRI) and the U.S., according to an SEC report filed earlier, representing data for the end of this year’s third quarter. Read more...
5 Highly Predictable Mid-/Large-Caps with ROC Over 15%
Looking for mid-, or large-cap stock research ideas? Then give Gurufocus' All-in-One Screener a try. It makes it simple to filter through the universe of stocks matching many criteria. Read more...
Ken Fisher’s Top Mega-Cap New Purchases in Q3
As founder of Fisher Investments, an independent adviser with over 25,000 private and 100 institutional clients, Ken Fisher employs a “variety of strategies” to manage assets, adding value by “identifying information not widely known,” or interpreting readily available information more accurately than other market players, according to his website. Read more...
» More Ken Fisher Articles

Commentaries and Stories

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Schlumberger is the Largest Oil-Service Company in the World and Fits Any Portfolio David Rolfe,Ken Fisher - Schlumberger Is The Largest Oil-Service Company In The World And Fits Any Portfolio
In this article, let's take a look at Schlumberger Limited (SLB), a $141.86 billion market cap company, which is a leading oilfield services company providing equipment and technology to the oil and gas industry worldwide. More...

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BlackRock: The Champion Asset Manager
In this article, let's take a look at BlackRock, Inc. (BLK), a $52.3 billion market cap company, which is one of the leading investment management companies in the world and is the largest asset manager in the U.S. Let's explore some reasons more closely to see if they are valid enough to invest in this stock. More...

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Top Three Reasons to Invest in Walt Disney
In this article, let's take a look at The Walt Disney Company (DIS), a $150.37 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products. More...

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Gabelli, Fisher and Gayner Are Betting on a Fairly Valued Stock
According to GuruFocus Guru Trades, on June 30, Mario Gabelli (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) take a long position on Nike, Inc. (NKE). The company, a $67.12 billion market cap, has a trailing P/E ratio that indicates that the stock is fairly valued (25.9x vs 25.9x of industry mean). So one question arises: Why are these hedge fund managers betting on it? More...

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PepsiCo Is a Leader in the Global Snack and Beverage Industry
In this article, let's take a look at Pepsico, Inc. (PEP), a $138.17 billion market cap company, which is a major international producer of branded beverage and snack food products. More...

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A Strong Candidate for Investor´s Portfolios
In this article, let's take a look at Johnson & Johnson (JNJ), a $285.07 billion market cap company, which is the world's largest and most diverse health-care company. More...

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UMBF: Regional Banking with an Institutional Investment Edge John Keeley,Ken Fisher - UMBF: Regional Banking With An Institutional Investment Edge
UMB Financial Corporation (UMBF) is a Missouri-based regional bank expanding in several directions. One involves growing out its institutional investment service. More...

BANKS, REGIONAL BANKING, VALUE, PREDICTABLE, LONG


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Boeing Should Double To Be Fairly Value
On June 30, Ken Fisher (Trades, Portfolio), the chief executive officer and chief investment officer of Fisher Investments, takes a long position on The Boeing Company (BA), an $86.36 billion market cap, which is the largest aircraft manufacturer in the world and one of the largest aerospace and defense giants. More...

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Ken Fisher for Forbes - 'Just Your Run-Of-The-Mill Blockbuster Returns'
Let’s play a word-association game. Stocks are up? Good! Stocks are down? Volatile! What’s missing is that a market that’s up a lot comes with volatility–the happy kind. More...

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Guru Stocks at 52-Week Lows: PFE, GSK, VOD, EC, UBS
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Guru Held International Stocks Near 52-Week Lows Ken Fisher,Ron Baron - Guru Held International Stocks Near 52-Week Lows
While going bargain hunting outside of the U.S., I searched for international stocks trading near their 52-week lows. For confirmation from the investing gurus, I narrowed my search down to the stocks that are held by at least five of the gurus we follow. At GuruFocus, there are a number of different categories that can be utilized to find stocks trading near their 52-week lows. The lists can be narrowed down to find 52-week low guru stocks, 52-week low insider buys, 3 and 5-year lows, as well as the ability to search on international exchanges. Here are the results of my search: More...

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Citigroup Enjoys “Too Big to Fail” Advantage
In this article, let's take a look at Citigroup Inc. (C), a $151.89 billion market cap company, which is a diversified financial services company that provides a wide range of financial services to consumers and corporate customers in more than 100 countries and territories. More...

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Ken Fisher's Top 5 New Portfolio Stocks Ken Fisher - Ken Fisher's Top 5 New Portfolio Stocks
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.” More...

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Is Ken Fisher a Dividend Growth Investor?
Ken Fisher (Trades, Portfolio) has written not one, but seven money management books. He is the son of famous investor Philip Fisher. Ken Fisher (Trades, Portfolio)’s investment firm, Fisher Investments, currently has about $44 billion in assets under management. This article will examine Ken Fisher (Trades, Portfolio)’s top 5 stock holdings by portfolio weight to determine to what degree Ken Fisher (Trades, Portfolio) More...

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Ken Fisher for Forbes: '389 Lessons, And Counting'
This issue makes 30 years I’ve written this column. That’s 389 issues (an average of 13 yearly) since July 16, 1984. Nowadays some writers might post that many times online in a year. I can’t imagine having enough worthwhile advice at that pace–monthly is tough enough. More...

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Now Inc Has The Characteristics Of A Successful Spinoff David Einhorn,Ken Fisher - Now Inc Has The Characteristics Of A Successful Spinoff
In general, spinoffs have outperformed the S&P 500 in their first few years of trading. There are two recent articles on GuruFocus providing information on spinoffs and their outperformance: More...

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Ken Fisher for Forbes - Investors: Expect A Great Fourth Quarter
Having never seen it described makes me love it more: Among the very least known stock market anomalies is the awesome Midterm Election Year Fourth-Quarter Effect. More...

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Top Guru-Owned Small-Cap Stocks Chuck Royce,Ken Fisher - Top Guru-Owned Small-Cap Stocks
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see small cap companies which are held by the most gurus. The following five small-capped companies are held by the largest number of gurus during the past quarter. More...

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Top Guru Held Asian Companies of the First Quarter Ken Fisher,James Barrow - Top Guru Held Asian Companies Of The First Quarter
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which companies based in Asian countries were held by the highest number of gurus. The following five companies come from a variety of industries, are Asian-based and are held by the largest number of gurus. More...

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Top Held European Stocks Highlighted by Health Care and Oil and Gas Stocks Ken Fisher,Richard Pzena - Top Held European Stocks Highlighted By Health Care And Oil And Gas Stocks
sing the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies were bought by the largest numbers of gurus over a certain period of time. By using this screener, we filtered down to see which companies based in Europe were held by the highest number of gurus. More...

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