Ken Fisher is one of the most popular American investors, Forbes columnist since 1984, and the author of the eleven investment books, four of which are New York Times Best Sellers. His latest book is Beat The Crowd which is published this year. Fisher started his own investment company in 1979. Fisher expects higher than %15 return for the S&P 500 in 2015. Fisher’s Fisher Asset Management disclosed its 13F filing with SEC on 30th April, 2015. Ken Fisher has 605 positions in his 13F portfolio which valued at $50 billion as at the end of the first quarter of 2015. According to this recent filing, Fisher’s largest stock positions are Apple Inc. (NASDAQ:AAPL), Pfizer Inc. (NYSE:PFE), Johnson & Johnson (NYSE:JNJ) and Wells Fargo & Co (NYSE:WFC).
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Apple Inc. (NASDAQ:AAPL) was the largest stock investment of Ken Fisher with the investment value of $1.34 billion at the end of first quarter of 2015. For its recently ended second fiscal quarter, Apple, which owns one of the most profitable businesses ever, reported revenue of $58.0 billion and net profit of $13.6. The company increased its revenue by 27% and net profit by 33% compared to the same quarter of the previous year. iPhone, Mac and record performance of App Store supported strong financial performance in this quarter. Apple Inc. (NASDAQ:AAPL) also released forward looking statements for its fiscal 2015 third quarter. Apple Inc. (NASDAQ:AAPL) expects revenue between $46 billion and $48 billion; gross margin between 38.5% and 39.5% and; operating expenses between $5.65 billion and $5.75 billion. Carl Icahn’s Icahn Capital and Phill Gross’ Adage Capital Management are other major investors of the company.
Ken Fisher had $1.1 billion invested in Pfizer Inc. (NYSE:PFE) shares. According to recent Reuters, Pfizer Inc. (NYSE:PFE) is planning to acquire Swedish Orphan Biovitrum AB (SOBIV.ST) which has market cap of $4.3 billion. Pfizer Inc. (NYSE:PFE) reported revenue of $10.9 billion and net income of $2.4 billion in the first quarter of 2015. Revenue is decreased by 4% and net income is increased by 2% compared to the same quarter of the previous year. The company also reduced its full-year 2015 guidance slightly. Reported revenues decreased to $44 to $46 billion (previously $44.5 to $46.5 billion) and adjusted diluted EPS decreased to $1.95 to $2.05 (previously $2.00 to $2.10). Cliff Asness’ Aqr Capital Management and Ric Dillon’s Diamond Hill Capital are other prominent investors of the company.
Johnson & Johnson (NYSE:JNJ) was the third largest stock holding of the Ken Fisher at the end of the first quarter of 2015. Ken Fisher had 1.04 billion shares of the company which were valued at $1.05 billion at the end of the first quarter. Johnson & Johnson (NYSE:JNJ) is a member of Dividend Aristocrat index. This index only includes constituents of the S&P 500 Index, which have increased dividends in each year during the last 25 years. Johnson & Johnson (NYSE:JNJ) performed 52 consecutive years of dividend increases and 31 years of EPS increases. The company has a market cap of $277 billion, P/E ratio of 17.5 and dividend yield of 2.8%. Johnson & Johnson (NYSE:JNJ) announced a 7.1% dividend increase on April 23, 2015. Donald Yacktman’s Yacktman Asset Management also had $900 million invested in the company at the end of 2014.
Wells Fargo & Co (NYSE:WFC) is other favorite pick of Ken Fisher with his investment of $1 billion at the end of the first quarter of 2015. Wells Fargo & Co (NYSE:WFC) is one of the long term favorite picks of Warren Buffett who has over $25 billion investment in the company. The company has a very strong position in the banking sector with its strong distribution (operating all over the US), leading position in key financial products (number one in commercial real estate, mortgage and auto lends) and revenue diversification (net interest income share is 52% and non-interest income share is 48%, fee generation is also diversified significantly). Wells Fargo & Co (NYSE:WFC) also meets capital requirements of Basel III With Common Equity Tier 1 Ratio of 11.04%.
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