Ken Fisher

Ken Fisher

Last Update: 2014-04-22

Number of Stocks: 541
Number of New Stocks: 57

Total Value: $44,340 Mil
Q/Q Turnover: 3%

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...
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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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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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Top Five Guru-Held Consumer Cyclical Stocks of the First Quarter Ken Fisher,Bill Gates - Top Five Guru-Held Consumer Cyclical Stocks 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 consumer cyclical companies are held by the most gurus. As of the first quarter, the following five companies are held by the largest number of gurus. More...

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Weekly Guru Bargains Highlights: SMFG, VOD,
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Pick United Natural Foods Over Whole Foods Ken Fisher - Pick United Natural Foods Over Whole Foods
Whole Foods’ (WFM) recent earnings report highlighted the competitive landscape of the organic food industry. The barriers of entry are becoming less evident as more organic grocers are opening. Not only are there more specialty food stores, but organic foods are increasing their presence in conventional supermarkets. More...

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Weekly Guru Bargains Highlights: VOD, EOG
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Ken Fisher for Forbes - The Bulls Of The High Seas
So what’s the collective mood? Based on the numerous Q&A sessions I participated in, while cautious, investors have a lot less skepticism than they did at the same time last year. The cruisers, a decent cross-section of successful individual investors, now seek opportunity and are more hardened and conservative than in recent years. Scary headlines frighten them little. (Though Michael Lewis and his new bestseller, Flash Boys, confuses and troubles them. We’d be better served by moving it to the fiction section.) Clearly, they seemed willing to look a little further into the future and consider more risk. I presume you have a similar mentality. More...

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Weekly Guru Bargains Highlights: EOG, VOD
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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PetSmart Is a Top Defensive Company with Growth Joel Greenblatt,Ken Fisher - PetSmart Is A Top Defensive Company With Growth
As the bull market continues, I am becoming more defensive. In the "Intelligent Investor," Benjamin Graham said, “The defensive investor must confine himself to the shares of important companies with a long record of profitable operations and in strong financial condition.” I used GuruFocus’ All-In-One Guru Screener to find a defensive stock in order to add a more defensive position. More...

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Weekly Guru Bargains Highlights: SMFG, EOG
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Fisher Investments' Top New Stocks of the First Quarter Ken Fisher - Fisher Investments' Top New Stocks Of The First Quarter
Ken Fisher (Trades, Portfolio) manages Fisher Investments, under the theory that supply and demand determine markets, and therefore to beat the market investors must find information others don’t know or have misinterpreted. Fisher Investments has $44 billion in assets under management. More...

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Ken Fisher's Top Increases of the First Quarter Ken Fisher - Ken Fisher's Top Increases Of The First Quarter
CEO and CIO of Fisher Investments, Ken Fisher, had a pretty busy first quarter. Fisher purchased a total of 57 new stocks. His first quarter portfolio holds 541 stocks and is valued at over $44.34 billion. The following five stocks represent the five companies where Fisher made the largest increase in holdings. More...

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Ken Fisher for Forbes - Only Two Things Can Stop The Bull Market
This story appears in the April 14, 2014 issue of Forbes. More...

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A Recovery in the Housing Market Sounds Great for Home Depot
The Home Depot Inc. (HD) is a home improvement retailer. The company operates the Home Depot stores, which stock about 30,000 to 40,000 different kinds of building materials, home improvement supplies and lawn and garden products. The company also provides over 600,000 products through its Home Depot and Home Decorators Collection websites. More...

LONG, RETAIL, HOME-IMPROVEMENT, HOUSING, HD, LOW, LOWE'S, LOWES, HOME DEPOT, JIM SIMMONS, JOEL GREENBLATT


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Top Held European Stocks Highlighted by Health Care and Oil and Gas Stocks Dodge & Cox,Ken Fisher - Top Held European Stocks Highlighted By Health Care And Oil And Gas Stocks
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Guru Stocks at 52-Week Lows: CHL, KO, T, PBR, EC
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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