Ken Fisher

Ken Fisher

Last Update: 01-30-2015

Number of Stocks: 582
Number of New Stocks: 78

Total Value: $48,366 Mil
Q/Q Turnover: 6%

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 (%)
20144.5313.69-9.2
201323.3832.39-9.0
20126.2816-9.7
3-Year Cumulative37.1 (11.1%/year)74.6 (20.4%/year)-37.5 (-9.3%/year)
2011-7.872.11-10.0
201014.7415.06-0.3
5-Year Cumulative44.9 (7.7%/year)105.1 (15.5%/year)-60.2 (-7.8%/year)
200936.1826.469.7
2008-42.95-37-6.0
200712.435.496.9
200615.0515.79-0.7
20058.734.913.8
10-Year Cumulative58.3 (4.7%/year)109.4 (7.7%/year)-51.1 (-3%/year)
20047.8410.88-3.0
200335.2828.686.6
2002-21.96-22.10.1
20014.08-11.8916.0
2000-7.42-9.11.7
15-Year Cumulative73.7 (3.7%/year)86.4 (4.2%/year)-12.7 (-0.5%/year)
199924.3621.043.3
199829.4828.580.9
199722.6133.36-10.8

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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Richard Snow Increased Stakes in High Yield Companies During Q1
Richard Snow (Trades, Portfolio) is founder of Snow Capital. Snow began his career investing the proceeds from the sale of the Snow Family businesses. His reputation grew and others began asking him to manage their assets and after the first three months of 2015 his portfolio has a total value of $3,335 million and is composed of 140 stocks. More...

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Phil Fisher's (One Of Buffett's Two Mentors) Son Ken Tells Us How To Out-Invest The Market
Ken Fisher (Trades, Portfolio) thinks that technology has created an overwhelming amount of information flow that makes it very hard to outsmart the market. More...

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Exxon Mobil, Apple and Wells Fargo Are CrestPoint Capital Management’s Top Q1 Holdings
CrestPoint Capital Management is a professional money management firm that specializes in the management of common stock portfolios. It disclosed an equity portfolio valued at around $192.36 million as of March 2015, representing a 4.4% increase from the previous quarter. The equity portfolio is mainly invested in Technology (17%), Finance (16%), and Consumer Discretionary (14%) stocks. More...

STOCKS, LONG, INVESTMENT


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Ken Fisher for Forbes - You've Got Questions? I've Got Answers
I hear so many questions that have fast, easy answers. Here are a few: More...

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Ken Griffin Upped Stake in Citi, Devon and United Technologies
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look at Citadel Investment Group. More...

CAGR, CITADEL INVESTMENT GROUP, STOCK


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BlackRock: A Fair-Value Giant with Predictable Earnings Tom Gayner,Ken Fisher - BlackRock: A Fair-Value Giant With Predictable Earnings
It’s perhaps fitting that the company that claims to be the world’s biggest asset manager - $4.7 trillion worth of assets - also has a lofty share price, in the $350s. More...

FINANCIAL, ASSET MANAGEMENT, MUTUAL FUNDS, LONG


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Model Portfolio Review – March 16, 2015 Arnold Van Den Berg,Ken Fisher - Model Portfolio Review – March 16, 2015
In the past six years, the S&P 500 gained 24.71% in 2009, 11.65% in 2010, 0% in 2011, 12.1% in 2012, 31.8% in 2013, and 11.39% in 2014. The market performance looks good. Could investors make more money by investing in GuruFocus Model Portfolios? It is time to check the performances. The following are the details of the performances of the four value strategies: More...

Portfolio, Buffett-Munger


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Hedge Fund Billionaire Paulson Kept its Stake in Gold ETF
Gold is a limited commodity that retains consumer´s purchasing power even under inflationary economies. The advantages are that gold is not at the mercy of government policy so it cannot be easily issued or mined. Additionally, it is used to hedge, so it is a currency hedge, an inflation hedge and, most importantly, a diversification tool in your portfolio. More...

GOLD


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Ken Fisher for Forbes - 'Tech's Sneaky Market Dividend'
Readers regularly ask what can go wrong but almost never what could positively surprise. The elephant in our world’s living room is, simply, technology. Not only is Moore’s Law, the North Star of semiconductors, vibrant and likely intact for fully another decade, but silently other technologies are bulging, too. More...

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Model Portfolio Review – February 16, 2015 Arnold Van Den Berg,Ken Fisher - Model Portfolio Review – February 16, 2015
In recent six years, the S&P 500 gained 24.71% in 2009, 11.65% in 2010, 0% in 2011, 12.1% in 2012, 31.8% in 2013, and 11.39% in 2014. The market performance looks good. Could investors make more money by investing in GuruFocus Model Portfolios? It is time to check the performances. The following are the details of the performances of the four value strategies: More...

Screener, Model portfolio


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Analyzing Ken Fisher's Holdings: United Technologies (UTX) Ken Fisher - Analyzing Ken Fisher's Holdings: United Technologies (UTX)
Ken Fisher (Trades, Portfolio) is a billionaire fund manager managing ~$48 bn worth of equity assets through his investment advisory firm Fisher Asset Management, LLC. The firm uses a combination of top-down macroeconomic research and bottom-up, fundamental stock selection process in order to identify potential candidates for its portfolio. United Technologies (UTX) is one of the major holdings of the firm. As of the last quarter, Fisher Asset Management was holding 8,042,663 shares of the company. Here's a look at the company in detail. More...

LONG, INDUSTRIAL, KEN FISHER


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Analyzing Ken Fisher's Holdings: Johnson and Johnson (JNJ) Ken Fisher - Analyzing Ken Fisher's Holdings: Johnson And Johnson (JNJ)
Ken Fisher (Trades, Portfolio) is a billionaire fund manager managing ~$48 billion worth of equity assets through his investment advisory firm Fisher Asset Management, LLC. The firm uses a combination of top-down macroeconomic research and bottom-up, fundamental stock selection process in order to identify potential candidates for its portfolio. Johnson & Johnson (JNJ) is one of the major holdings of the firm. As of the last quarter, Fisher Asset Management was holding 10,424,607 shares of the company. Here's a look at the company in detail. More...

LONG, PHARMACEUTICAL, HEALTHCARE, Johnson & Johnson, Ken Fisher


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Analyzing Ken Fisher's Holdings: Home Depot (HD) Ken Fisher - Analyzing Ken Fisher's Holdings: Home Depot (HD)
Ken Fisher (Trades, Portfolio) is a billionaire fund manager managing ~$48 bn worth of equity assets through his investment advisory firm Fisher Asset Management, LLC. The firm uses a combination of top-down macroeconomic research and bottom-up, fundamental stock selection process in order to identify potential candidates for its portfolio. The Home Depot, Inc. (HD) is one of the major holdings of the firm. As of the last quarter, Fisher Asset Management was holding 8,294,708 shares of the company. Here's a look at the company in detail. More...

LONG, HOME IMPROVEMENT RETAILER, HOUSING, RETAIL


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A Giant in the Television Industry Robert Olstein, Ken Fisher, James Barrow - A Giant In The Television Industry
In this article, let's take a look at AT&T, Inc. (T), a $179.68 billion market cap company, which provides telephone and broadband service. More...

STOCKS, TELEVISION, PHONE


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Weekly Guru Bargains Highlights: PBR, NOV, BNS, HES, SLB
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Ken Fisher's Top 5 New Fourth Quarter Stock Buys Ken Fisher - Ken Fisher's Top 5 New Fourth Quarter Stock Buys
Ken Fisher (Trades, Portfolio) founded Fisher Investments in 1979 and selects stocks he believes will benefit from his analysis of global macroeconomic, political and sentiment factors. More...

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Ken Fisher for Forbes - Why Foreign Stocks Are Primed For A Comeback
My 55 2014 stock picks lagged badly. Equal money invested in each, upon publication, less a 1% commission haircut, did four percentage points worse than the same money plunked into the S&P 500 (with no haircut). Why? Mine were only 47% American. So while my picks actually beat the Morgan Stanley World Index (which itself is 58% U.S.) by more than 2%, that’s cold comfort when the S&P fared so much better. More...

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Guru Stocks at 52-Week Lows: GOOGL, HSBC, AMZN, RY, LYG
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly Guru Bargains Highlights: NFLX, CS, CAT, HAL, SLB
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Ken Fisher for Forbes - The 2015 Forecast: Another Year To Thrive
In 2015 expect an S&P 500 and global bull market extension of 15%-plus. Why? More...

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