Ken Fisher Portfolio: 5 Biggest Small-Cap Positions

In this article, we will discuss Ken Fisher portfolio: 5 biggest small-cap positions. If you want to explore similar stocks, you can also take a look at Ken Fisher Portfolio: 15 Biggest Small-Cap Positions.

5. Chart Industries (NYSE:GTLS)

Market Capitalization as of October 4: $6.69 Billion
Fisher Asset Management’s Stake Value: $113.19 Million
Number of Hedge Fund Holders: 37

Chart Industries (NYSE:GTLS) is another small-cap industrial company that Fisher Investment has purchased stakes. The company manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets. It also offers natural gas processing solutions, process technology, liquefaction capabilities, and critical equipment for the LNG, including small to mid-scale facilities.

Chart Industries (NYSE:GTLS) was boosted after the company delivered impressive second-quarter results, with sales doubling to $908 million from $405 million delivered in the same period last year. The big leap came when the company completed the acquisition of Howden.

Fisher Investment increased stakes in Chart Industries (NYSE:GTLS) in the second quarter, taking its holdings to $113.19 million, which accounts for 0.06% of the total portfolio.

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4. Terex Corporation (NYSE:TEX) 

Market Capitalization as of October 4: $3.61 Billion
Fisher Asset Management’s Stake Value: $128.41 Million
Number of Hedge Fund Holders: 29

Terex Corporation (NYSE:TEX) is an industrial company that manufactures and sells aerial world platforms and materials processing machinery. Its products include portable material lifts, aerial work platforms, and trailer-mounted articulating booms.

It is one of the oldest holdings on the Fisher Investment portfolio, Fisher having acquired stakes first in 2013 worth $16 million. The hedge fund purchased 2.1 million shares of Terex Corporation (NYSE:TEX) in the second quarter of 2023, taking holdings to $128.41 million.

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3. A. O. Smith Corporation (NYSE:AOS)

Market Capitalization as of October 4: $9.88 Billion
Fisher Asset Management’s Stake Value: $133.19 Million
Number of Hedge Fund Holders: 39

A. O. Smith Corporation is an industrial company headquartered in Milwaukee, Wisconsin. The company manufactures and markets residential and commercial gas heat pumps and electric water heaters. It distributes its products through independent wholesale plumbing distributors and retail.

 Fisher Investment first bought stakes in the company in the third quarter of 2022 worth $21 million, accounting for 0.01% of the portfolio at the time. The hedge fund has since increased the stake to $133.19 million, accounting for 0.07% of the portfolio.

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2. Cleveland-Cliffs Inc. (NYSE:CLF)

Market Capitalization as of October 4: $7.65 Billion
Fisher Asset Management’s Stake Value: $133.95 Million
Number of Hedge Fund Holders: 37

Cleveland-Cliffs Inc. (NYSE:CLF)  is one of the largest flat-rolled steel producers in North America. The company offers hot-rolled, cold-rolled, hot-dip galvanized, galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products. Cleveland-Cliffs Inc. (NYSE:CLF) owns five iron ore mines in the US and serves the automotive infrastructure manufacturing, distributors and converters, and steel producers.

Fisher first acquired stakes in Cleveland-Cliffs Inc. (NYSE:CLF)  in 2018 worth $108.48 million. The hedge fund has been buying and selling to take advantage of opportunities in the Basic materials segment. The small-cap stocks account for $0.07% of the Fisher Investments portfolio.

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1. KB Home (NYSE:KBH)

Market Capitalization as of October 4: $3.57 Billion
Fisher Asset Management’s Stake Value: $140.04 Million
Number of Hedge Fund Holders: 33

KB Home (NYSE:KBH) is a home-builder in Los Angeles, California. It builds and sells various single-family homes and offers financial services.

KB Home (NYSE:KBH) delivered impressive fiscal third-quarter results, with earnings and revenue beating expectations. Earnings came in at $1.80 a share, better than the $1.43 a share expected as revenue totaled $1.59 billion against $1.47 billion expected.

It has become one of the best plays for gaining exposure in the US residential construction market. Fisher first invested in the small-cap company in 2015  with stakes worth $41 million. In the most recent past, the hedge fund has acquired 2.7 million shares, with KB Home (NYSE:KBH) now accounting for 0.07% of the portfolio.

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