Here’s What Billionaire Ken Fisher Has Been Buying: Exelon Corporation (EXC), Baidu.com, Inc. (BIDU)

Page 1 of 2

Ken Fisher - FISHER ASSET MANAGEMENTEvery quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks.

Today, let’s look at Fisher Asset Management, founded in 1979 by Ken Fisher. You may know Fisher by his longtime column in Forbes magazine, where he’s also No. 271 in the magazine’s list of the 400 richest Americans, with a net worth of $1.8 billion. You may know his father as well: Phil Fisher wrote the seminal investing text, “Common Stocks, Uncommon Profits.”

The company’s reportable stock portfolio totaled $35.1 billion in value as of Dec. 31, 2012. It manages money for more than 100 large institutions, and its strategy involves macroeconomic research and fundamental analysis.

Interesting developments
So what does Fisher’s latest quarterly 13F filing tell us? Here are a few interesting details:

The biggest new holdings are Education Realty Trust, Inc. (NYSE:EDR) and Mack Cali Realty Corp (NYSE:CLI). Other new holdings of interest include Exelon Corporation (NYSE:EXC) . Exelon is the nation’s largest nuclear power company and is involved in other energy-generation businesses. It’s trading near a 52-week low and its dividend yield is near 7%. The company has been whacked by the relatively high cost of nuclear energy in an environment of very low gas prices. The current situation won’t last forever, though. Exelon carries a lighter debt load than many peers and is expanding into solar and wind power. In recent news, the company faces possible fines if it’s found to have underreported costs to retire reactors, although it’s disputing the allegations.

Among holdings in which Fisher increased its stake was Chinese search engine giant Baidu.com, Inc. (NASDAQ:BIDU) , which has been hurt in part by China’s slowing growth rate. Baidu itself isn’t growing too slowly, though, and much of China and Asia have yet to get online, representing further growth potential. But Baidu has serious competition. It also got whacked recently, after posting quarterly results that beat expectations and reducing near-term projections.

Fisher reduced its stake in lots of companies, including Spain’s Banco Santander, S.A. (NYSE:SAN) and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX). Banco Santander’s earnings plummeted earlier this year, as it got rid of many bad loans, and in its year-end results it reassured some by maintaining its dividend, which recently yielded a hefty 8%. Some may worry about its location, in troubled Europe, but know that it generates much of its revenue in Latin America, where economies such as Brazil’s are in better shape and growing faster than many in Europe.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!