Fisher's Bullish View Proves Prescient

• By the tickerspy.com Staff
• On 7:48 am EST, Monday November 2, 2009

Highly regarded money manager Ken Fisher was upping stakes in a number of names during Q3, with a particular bias toward energy stocks.

Fisher Investments is an investment advisor with $28 billion under management as of April of this year. Fisher has been a vocal bull in 2009. In April, he told Bloomberg that, thanks to depressed valuations, the S&P 500 could rebound as much as 70% off its March lows. Fisher hasn't been far off, the S&P 500 peaked in October, about 65% above its March lows.

Underscoring the bullish bent, Fisher was adding to stakes in several of his top positions during Q3. The firm's recently disclosed end-of-Q3 U.S.-listed, equity holdings show a good deal of action in the energy sector, where Fisher increased positions in independent oil and gas producers Anadarko Petroleum (NYSE: APC - News) and Occidental Petroleum (NYSE: OXY - News) and oil services giant Schlumberger (NYSE: SLB - News). Fisher was also buying tech giants Microsoft (NASDAQ: MSFT - News) and Cisco (NASDAQ: CSCO - News), though the firm was also trimming its stake in another Nasdaq blue chip, Oracle (NASDAQ: ORCL - News).

Elsewhere, Fisher reported stakes in miners Freeport-McMoRan Copper & Gold (NYSE: FCX - News) and BHP Billiton (NYSE: BHP - News), mobile telecom China Mobile (NYSE: CHL - News), and the iShares MSCI Emerging Markets Index ETF (NYSE: EEM - News), which was Fisher's largest, U.S.-listed, equity holding at the end of Q3.

Looking at tickerspy.com's graph charting the performance of Fisher's end-of-Q3 holdings so far in Q4, one can see that the top holdings are staying ahead of the market. If you want to see where else Fisher is putting its money, visit tickerspy.com to see the firm's top positions and a chart of their combined performance.

Pro portfolio performance is based on institutions' top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

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