Being a long-term investors, billionaire Ken Fisher rarely makes drastic changes in his portfolio. However, there are always a few stocks in a portfolio which require special attention, especially when the size of the portfolio is humongous. According to the latest 13F filing submitted by Mr. Fisher’s Fisher Asset Management, its U.S. equity portfolio at the end of December was worth $56.2 billion and consisted of hundreds of stocks across sectors.
The filing also revealed that during the fourth quarter, the fund’s portfolio had a quarterly turnover of 14.67% and that 34.06% of its value was amassed by stocks from the financial sector. In this post, we are going to take a look at the five major moves made by Fisher Asset Management during the last quarter of 2016 and will discuss how those stocks have been performing lately.
We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively the most bullish on. Over the past year, this strategy generated returns of 39.7%, topping the 24.1% gain registered by S&P 500 ETFs. Insider Monkey’s enhanced small-cap strategy registered gains of more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points in the last 4.5 years (see the details here).
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#5 Grupo Televisa SAB (ADR) (NYSE:TV)
– Shares Held By Fisher Asset Management (as of December 31): 17,482
– Value of The Holding (as of December 31): $13.49 Million
Let’s begin with Grupo Televisa SAB (ADR) (NYSE:TV), in which Fisher Asset Management increased its holding by 63% during the October-December period. Shares of the Latin American television broadcaster have been on a downtrend since the second half of 2016, losing over 40% of their value since then. On January 17, the company announced that it will be merging its content development and programming department with Univision. A few days after that, Grupo Televisa SAB (ADR) (NYSE:TV) suffered a setback when a Mexican tribunal stroke down the ruling by Federal Telecommunications Institute that said the company didn’t have market power in the Pay TV segment in Mexico.