7 Stocks Ken Fisher Continues to Buy
- By Tiziano Frateschi
Ken Fisher (Trades, Portfolio), t he founder of Fisher Investments, bought shares of the following stocks in both the fourth quarter of 2018 and first quarter of 2019.
Warning! GuruFocus has detected 5 Warning Signs with ACIW. Click here to check it out.
The intrinsic value of ACIW
ACI Worldwide Inc. (ACIW)
In the fourth quarter, the guru boosted his position by 239.24% and added 17.74% in the first quarter.
With a market cap of $3.97 billion, the company develops software products. Its revenue of $1 billion has grown 2.30% over the last five years.
Fisher is the largest guru shareholder of the company with 0.9% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.33% and Wallace Weitz (Trades, Portfolio) with 0.28%
Adobe Inc.(ADBE)
The investor added 298.24% to his holding in the fourth quarter and 76.12% in the first quarter.
The software company has a market cap of $132.83 billion. Its revenue of $9.55 billion has grown 19.10% over the last five years.
The company's largest guru shareholder is PRIMECAP Management (Trades, Portfolio) with 4.06% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 1.05%, Frank Sands (Trades, Portfolio) with 0.79% and Spiros Segalas (Trades, Portfolio) with 0.71%.
Align Technology Inc. (ALGN)
Fisher boosted his holding by 65.04% in the fourth quarter and by 139.68% in the first quarter.
The orthodontics company has a market cap of $23.25 billion. Its revenue of $1.96 billion has climbed 24.90% over the last five years.
Sands is the largest guru shareholder of the company with 4.11% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 3.15% and Andreas Halvorsen (Trades, Portfolio) with 0.70%.
Anglo American PLC (NGLOY)
In the fourth quarter, the guru boosted the holding by 163.99% and added 2.33% in the first quarter.
The mining company has a market cap of $39.60 billion. Its revenue of $27.60 billion has grown 4.40% over the last five years.
The company's largest guru shareholder is Fisher with 0.03% of outstanding shares.
Autodesk Inc. (ADSK)
The investor added 4.08% to his position in the fourth quarter and increased it 54.89% in the first quarter.
The company, which provides computer-aided design software, has a market cap of $37.79 billion. Its revenue of $2.56 billion has increased 0.70% over the last five years.
With 1.75% of outstanding shares, Mandel is the company's largest guru shareholder, followed by Chase Coleman (Trades, Portfolio) with 0.40% and Jana Partners (Trades, Portfolio) with 0.17%.
Baozun Inc. (BZUN)
The guru added 0.05 to his stake in the fourth quarter and 71.07% in the first quarter.
With a market cap of $2.61 billion, the company provides digital and e-commerce services. Its revenue of $807.02 million has grown 54.90% over the last five years.
Another notable guru shareholder is the Matthews Asia Small Companies Fund (Trades, Portfolio) with 0.07% of outstanding shares.
CNOOC Ltd. (CEO)
In the fourth quarter, Fisher increased the holding 28.85% and then boosted it 279.47% in the first quarter.
The Chinese offshore oil and gas producer has a market cap of $83.90 billion. Its revenue of $34.75 billion has declined 9% over the last five years.
Simons' firm is the company's largest guru shareholder with 0.15% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 0.07%, Jeremy Grantham (Trades, Portfolio) with 0.01% and Lee Ainslie (Trades, Portfolio) with 0.01%.
Disclosure: I do not own any stocks mentioned in this article.
Read more here:
6 Companies Growing Earnings Per Share
6 Poorly Performing Stocks in Gurus' Portfolios
Insiders Roundup: Facebook Amyris
N ot a Premium Member of GuruFocus? Sign up for a free 7-day trial here .
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Signs with ACIW. Click here to check it out.
The intrinsic value of ACIW
