Fin - Breakout - US

Ken Fisher’s Top Stock Holdings

Ken Fisher's private investment firm Fisher Asset Management had a portfolio with 510 positions valued at more than $36 billion as of Dec. 31, 2010.

The firm says it aims to capitalize on opportunities in all areas of global markets, versus "money managers that focus on narrow investment categories like individual countries, regions or sectors." Speaking to that, its largest investment at the end of 2010 was in iShares: MSCI Emerging Markets (EEM).

Fisher's investment team also says it is set apart by its ability to adjust for market conditions, whether that means large cap, small cap, bonds or cash. Fisher, author of the Forbes Portfolio Strategy column, wrote in a Jan. 26, 2011 column, A Year for Stock Pickers, that the market is likely to go sideways and "this is the year to bet correctly, to be a stock picker extraordinaire."

Moves: Fisher added significantly to stakes in CNOOC Ltd. (CEO) and National Oilwell Varco (NOV); both now account for about 1% of his portfolio. He also lightened up on shares of EEM.

Here are Fisher's top stock holdings as of Dec. 31, 2010:

• iShares: MSCI Emerging Market (EEM)
• Occidental Petroleum (OXY)
• Siemens (SI)
• Freeport MacMoRan (FCX)
• Anadarko Petroleum (APC)
• Schlumberger (SLB)
• Caterpillar (CAT)
• Oracle (ORCL)
• BHP Billiton Limited (BHP)
• iShares: iBoxx (SPN)

See the full SEC filing for Ken Fisher's portfolio.

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