Ken Fisher

I was recently asked how it is that I can regularly tout certain stocks because they’re cheap and at the same time recommend others at what seem to be selling at high valuations. More...

According to GuruFocus list of three-year lows, Geradau SA, Xoom Corp, TRI Pointe Homes Inc. and Communication Systems Inc. have all reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHT

According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

These Guru stocks have reached their 52-week lows, according to the GuruFocus list of 52-week lows. More...

Oil & Gas Integrated, Internet Content & Information, Software Infrastructure, Steel, Information Technology Services

According to the GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

Computer Systems, Oil & Gas Integrated, ETF, Gold, Data Storage, Oil & Gas E&P

With a market cap of $9.24 billion, NuVasive Inc. (NUVA) is the minimally invasive spine surgery company with a portfolio of 80 products used to revolutionize the way surgeons work with spine problems. GuruFocus research shows the stock is up 31% over the last 12 months, with the current share price at $21.56. The company stock has a P/E ratio of 275.5, a P/B ratio of 1.74 and a P/S ratio of 1.48. More...

MEDICAL DEVICES

As for companies in countries known for their dances — salsa, cumbia and samba — Guru Ken Fisher is now dancing to another tune, his own, after some long holding periods with three stocks that have not shown gains. Guru Ken Fisher is the CEO and chief investment officer of Fisher Investments and author of Forbes' prestigious "Portfolio Strategy" column for over two decades. More...

OIL & GAS, WIRELESS COMMUNICATIONS, OIL & GAS INTEGRATED

We have just updated the portfolio of Ken Fisher. He buys Apple Inc, Basf SE, American Express Co, McDonald's Corporation, Rio Tinto PLC, BP etc. As of 03/31/2013, Fisher Asset Management, LLC owns 483 stocks with a total value of $37.6 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%. New Purchases: CSTR, VSH, VALE.P, Added Positions: AAPL, BASFY, AXP, MCD, RIO, BP, CSCO, JPM, MTU, RHHBY, Reduced Positions: AMX, PBR, V, BIDU, EC, VALE, BRGYY, EAT, Sold Out: KMTUY, MW, For the details of Ken Fisher's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Ken+Fisher These are the top 5 holdings of Ken Fisher Fisher Enhanced Big Cap Growth (FBG) - 37,077,387 shares, 3.2% of the total portfolio. Shares added by 673.87% iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) - 7,842,017 shares, 2.5% of the total portfolio. Shares added by 4.98% Pfizer Inc (PFE) - 30,711,655 shares, 2.4% of the total portfolio. Shares reduced by 3.34% Johnson & Johnson (JNJ) - 10,133,469 shares, 2.2% of the total portfolio. Shares reduced by 2.51% Cisco Systems Inc (CSCO) - 36,290,508 shares, 2.0% of the total portfolio. Shares added by 9.32% New Purchase: Coinstar, Inc. (CSTR) Ken Fisher initiated holdings in Coinstar, Inc.. His purchase prices were between $46.89 and $58.42, with an estimated average price of $52.21. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,041,008 shares as of 03/31/2013. New Purchase: Vishay Intertechnology, Inc. (VSH) Ken Fisher initiated holdings in Vishay Intertechnology, Inc.. His purchase prices were between $10.28 and $13.95, with an estimated average price of $12.27. The impact to his portfolio due to this purchase was 0.15%. His holdings were 4,156,347 shares as of 03/31/2013. New Purchase: Vale SA (VALE.P) Ken Fisher initiated holdings in Vale SA. His purchase prices were between $16.23 and $20.88, with an estimated average price of $18.38. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,908,756 shares as of 03/31/2013. Sold Out: Komatsu Ltd. (KMTUY) Ken Fisher sold out his holdings in Komatsu Ltd.. His sale prices were between $23.05 and $27.11, with an estimated average price of $25.36. Sold Out: Men's Wearhouse (MW) Ken Fisher sold out his holdings in Men's Wearhouse. His sale prices were between $27.79 and $34.62, with an estimated average price of $30.89. Added: Apple Inc (AAPL) Ken Fisher added to his holdings in Apple Inc by 58.12%. His purchase prices were between $420.05 and $549.03, with an estimated average price of $467.26. The impact to his portfolio due to this purchase was 0.65%. His holdings were 1,500,784 shares as of 03/31/2013. Added: Basf SE (BASFY) Ken Fisher added to his holdings in Basf SE by 404.63%. His purchase prices were between $86.95 and $103.67, with an estimated average price of $96.02. The impact to his portfolio due to this purchase was 0.59%. His holdings were 3,127,429 shares as of 03/31/2013. Added: American Express Co (AXP) Ken Fisher added to his holdings in American Express Co by 19.94%. His purchase prices were between $57.48 and $67.46, with an estimated average price of $62.18. The impact to his portfolio due to this purchase was 0.32%. His holdings were 10,807,046 shares as of 03/31/2013. Added: McDonald's Corporation (MCD) Ken Fisher added to his holdings in McDonald's Corporation by 27.85%. His purchase prices were between $88.21 and $99.69, with an estimated average price of $94.96. The impact to his portfolio due to this purchase was 0.3%. His holdings were 5,203,926 shares as of 03/31/2013. Added: Rio Tinto PLC (RIO) Ken Fisher added to his holdings in Rio Tinto PLC by 29.66%. His purchase prices were between $46.68 and $59.92, with an estimated average price of $54.09. The impact to his portfolio due to this purchase was 0.29%. His holdings were 10,072,840 shares as of 03/31/2013. Added: Cisco Systems Inc (CSCO) Ken Fisher added to his holdings in Cisco Systems Inc by 9.32%. His purchase prices were between $19.649 and $21.925, with an estimated average price of $20.98. The impact to his portfolio due to this purchase was 0.17%. His holdings were 36,290,508 shares as of 03/31/2013. Added: BP PLC (BP) Ken Fisher added to his holdings in BP PLC by 28478.2%. His purchase prices were between $40.19 and $45.21, with an estimated average price of $42.48. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,468,922 shares as of 03/31/2013. Added: JPMorgan Chase & Co (JPM) Ken Fisher added to his holdings in JPMorgan Chase & Co by 8.61%. His purchase prices were between $43.969 and $51, with an estimated average price of $47.94. The impact to his portfolio due to this purchase was 0.13%. His holdings were 12,993,205 shares as of 03/31/2013. Added: Roche Holding AG (RHHBY) Ken Fisher added to his holdings in Roche Holding AG by 634.57%. His purchase prices were between $50.5 and $58.6, with an estimated average price of $55.48. The impact to his portfolio due to this purchase was 0.12%. His holdings were 897,861 shares as of 03/31/2013. Added: Mitsubishi UFJ Financial Group, Inc. (MTU) Ken Fisher added to his holdings in Mitsubishi UFJ Financial Group, Inc. by 797.63%. His purchase prices were between $5.22 and $6.1, with an estimated average price of $5.63. The impact to his portfolio due to this purchase was 0.12%. His holdings were 8,743,531 shares as of 03/31/2013. Reduced: America Movil, S.A.B. de C.V. (AMX) Ken Fisher reduced to his holdings in America Movil, S.A.B. de C.V. by 91.69%. His sale prices were between $18.47 and $25.62, with an estimated average price of $22.69. The impact to his portfolio due to this sale was -0.73%. Ken Fisher still held 1,000,307 shares as of 03/31/2013. Reduced: Petroleo Brasileiro SA Petrobras (PBR) Ken Fisher reduced to his holdings in Petroleo Brasileiro SA Petrobras by 98.71%. His sale prices were between $14.45 and $20.37, with an estimated average price of $17.55. The impact to his portfolio due to this sale was -0.7%. Ken Fisher still held 163,261 shares as of 03/31/2013. Reduced: Visa, Inc. (V) Ken Fisher reduced to his holdings in Visa, Inc. by 29.23%. His sale prices were between $151.58 and $169.84, with an estimated average price of $158.99. The impact to his portfolio due to this sale was -0.61%. Ken Fisher still held 3,435,165 shares as of 03/31/2013. Reduced: Baidu, Inc. (BIDU) Ken Fisher reduced to his holdings in Baidu, Inc. by 87.01%. His sale prices were between $84.24 and $112.97, with an estimated average price of $97.08. The impact to his portfolio due to this sale was -0.47%. Ken Fisher still held 243,522 shares as of 03/31/2013. Reduced: Ecopetrol S.A. (EC) Ken Fisher reduced to his holdings in Ecopetrol S.A. by 34.03%. His sale prices were between $53.71 and $63.8, with an estimated average price of $59.38. The impact to his portfolio due to this sale was -0.18%. Ken Fisher still held 2,080,965 shares as of 03/31/2013. Reduced: Vale SA (VALE) Ken Fisher reduced to his holdings in Vale SA by 93.77%. His sale prices were between $16.98 and $21.49, with an estimated average price of $19.17. The impact to his portfolio due to this sale was -0.16%. Ken Fisher still held 179,749 shares as of 03/31/2013. Reduced: BG Group PLC (BRGYY) Ken Fisher reduced to his holdings in BG Group PLC by 92.54%. His sale prices were between $16.44 and $18.48, with an estimated average price of $17.53. The impact to his portfolio due to this sale was -0.13%. Ken Fisher still held 215,410 shares as of 03/31/2013. Reduced: Brinker International, Inc. (EAT) Ken Fisher reduced to his holdings in Brinker International, Inc. by 76.63%. His sale prices were between $30.99 and $37.65, with an estimated average price of $33.7. The impact to his portfolio due to this sale was -0.11%. Ken Fisher still held 402,637 shares as of 03/31/2013. More...

According to the GuruFocus list of 52-week lows, these stocks have reached their 52-week lows. More...

Computer Systems, Internet Content & Information, Gas & Oil Integrated, Data Storage, Oil & Gas & EP

What is the most common investor mistake? Trading–getting in and getting out at all the wrong times, for all the wrong reasons. You’ve heard it before: Most investors are their own worst enemies. My dad taught me this investing axiom at an early age. In fact, Dalbar Inc. documented it recently in a report available online called “Quantitative Analysis of Investor Behavior, 2012.” Google it, and you’ll see evidence from a 20-year study. Most mutual fund buyers, for example, badly lag the very funds they buy (and sell) because of bad timing. The average mutual fund holding period for equity or fixed income is only about three years. It’s too short. Moreover, in the last two decades, stupid switching into and out of funds has cost equity fund holders more than four percentage points in annualized returns and bondholders even more–nearly six percentage points. More...

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Apple Inc (AAPL) Reached the 52-Week Low of $431.16 More...

According to GuruFocus list of 52-week lows, these Guru stocks are within less than 5% of their 52-week lows. Also check out Stocks at 3-year lows and Stocks at 5-year lows. More...

U.S. equity markets remain mixed after initial jobless claims increased and inflationary pressure on the consumer starts to build up. The economy is starting to show the effects of the high price of gasoline and economists are afraid it will put the breaks on the sluggish but slowly growing economy. More...

Hundreds of investors ask me questions each year about the dilemmas they confront. Their worst problem? Uncertainty. They are traumatized and become emotional or confused to the state of inaction. Even worse, they try to solve a short-term problem in a way that hurts them financially in the long run. My solution is to keep it simple: Buy the stocks of great companies at reasonable valuations. More...

Markets remain mixed and are looking for a direction. At a Shiller P/E of 22.8, well above its mean of 16.5, I’m not exactly rushing out to buy new stocks. Shares of Apple (AAPL) are in the spotlight following comments made by Greenlight Capital’s David Einhorn in his letter to shareholders and his early appearance on CNBC. More...

DAVID

Among 19 other transactions reported by the firm on Dec. 31, New-York based investment manager, Manning & Napier Advisors (MN) has declared a stake in electronic payment solutions provider, VeriFone Systems Inc. (PAY), according to GuruFocus Real Time Picks More...

In this month's column, Fisher discusses why he recommends Johnson & Johnson (JNJ), China Mobile (CHL), Taiwan Semiconductor (TSM), BASF (BASFY) and Amazon (AMZN): More...

Fisher Investments founder, chairman and CEO Ken Fisher updated his portfolio to reflect his fourth quarter changes. To the $34.93 billion portfolio he added 32 new stocks, for a total of 461, with the uppermost weightings almost evenly divided among the financial services, consumer cyclical, consumer defensive and health care sectors. More...

While the beverage industry is diverse with a breadth of choices, only a few large companies dominate the field. The competition in this industry is particularly fierce, with legions of loyal fans swearing fealty to their favorite beverage of choice. One juggernaut in particular, the Dr. Pepper Snapple Group (DPS), was a spinoff of Cadbury Schweppes with its IPO in 2008. A interesting tidbit about this company is that it's central base of operation is only a few miles away from GuruFocus! Based upon current conditions, a investment in the Dr. Pepper Snapple Group is recommended due to the company's growth prospects and the rather large margin of safety that exists due to its deviation from its intrinsic value. More...