Billionaire Ken Fisher’s Dividend Picks Include Philip Morris

Page 1 of 2

Fisher Asset Management, a fund managed by billionaire (and author and Forbes columnist) Ken Fisher, filed its 13F for the fourth quarter of last year in January. These filings from major investors disclose many of their long equity positions as of the end of the quarter. It turns out that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year (learn more about our findings on small cap stocks) and we think that other strategies are possible as well. In the case of notable investors such as Fisher we can also see what his “stock picks” in a number of categories were so that the broader investment community can research any interesting names. Here are Fisher’s five largest holdings by market value which pay a dividend yield of 3.5% or higher judging by current prices and recent dividend payments:

The largest single-stock holding in the fund’s portfolio was about 32 million shares of Pfizer Inc. (NYSE:PFE). Pfizer was the most popular healthcare stock among hedge funds in the fourth quarter of 2012 (see the ten most popular healthcare stocks) and pays a dividend yield of 3.6%. At a market capitalization of $200 billion and a beta of 0.7, Pfizer has a small amount of security from changes in the broader economy. The stock also carries trailing and forward P/E multiples of 14 and 12, respectively. Fisher has named it as his top stock pick for 2013 and it’s possible that it is a good value as well as a reliable income stock.

Ken Fisher - FISHER ASSET MANAGEMENTSanofi SA (NYSE:SNY), another megacap drug manufacturer, was another of Fisher’s top stock picks as the 13F disclosed a position of over 13 million shares. Warren Buffett’s Berkshire Hathaway was another owner of Sanofi, reporting ownership of 4.1 million shares at the end of December (find Buffett’s favorite stocks). Sanofi offers a yield of 3.7%, though more defensive minded investors may prefer Pfizer or other healthcare stocks given that the beta is 1; this statistic indicates that its stock price tends to move more or less in line with market indices, something that is uncommon among megacap drug manufacturers.

See three more dividend stocks from Fisher’s portfolio:

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!