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Ken Fisher Buys Adobe, ConocoPhillips

- By Tiziano Frateschi

Fisher Asset Management's Ken Fisher (Trades, Portfolio) bought shares of the following stocks during the first quarter.

The guru increased his position in Adobe Inc. (ADBE) by 76.12%. The trade had an impact of 0.39% on the portfolio.


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The provider of software and services for content creation has a market cap of $139.35 billion and an enterprise value of $140.25 billion.


GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 29.51% and return on assets of 16% are outperforming 89% of companies in the Software - Application industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.78 is below the industry median of 5.23.

The largest shareholder of the gurus is PRIMECAP Management (Trades, Portfolio) with 4.06% of outstanding shares, followed by Steve Mandel (Trades, Portfolio)'s Lone Pine Capital with 1.05% and the Sands Capital Management's Frank Sands (Trades, Portfolio) with 0.79%.

Fisher added 56.44% to his position in Salesforce.com Inc. (CRM), impacting the portfolio by 0.36%.

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The software developer has a market cap of $126.55 billion and an enterprise value of $125.39 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the return on equity of 8.50% is underperforming the sector, the return on assets of 4.33% is outperforming 50% of companies in the Software - Application industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.37 is below the industry median of 5.23.


The company's largest guru shareholder is the Sands Capital Management's Frank Sands (Trades, Portfolio) with 1.10% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.93% and Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors with 0.68%.


The guru added 24.16% to his Vanguard Intermediate-Term Corporate Bond ETF (VCIT) stake, impacting the portfolio by 0.32%.

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The guru boosted his holding of Netflix Inc. (NFLX) by 24,976.9%, impacting the portfolio by 0.32%.

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The company has a market cap of $168.34 billion and an enterprise value of $175.30 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 25.85% and return on assets of 5.30% are outperforming 67% of companies in the Media - Diversified industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.82.

The company's largest guru shareholder is Sands' firm with 1.23% of outstanding shares, followed by Segalas with 0.73%, Halvorsen's Viking Global Investors with 0.69% and Philippe Laffont (Trades, Portfolio) with 0.39%.

The fund boosted his ConocoPhillips (COP) stake by 1,151.62%, impacting the portfolio by 0.29%.

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The independent exploration and production firm has a market cap of $70.08 billion and an enterprise value of $76.88 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 22.74% and return on assets of 10.24% are outperforming 51% of companies in the Oil and Gas E&P industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.55 is above the industry median of 0.51.


The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 1.46% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.40% and Fisher with 0.35%.

The fund increased the Schlumberger Ltd. (SLB) holding by 64.18%, impacting the portfolio by 0.22%.

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The company, which supplies products and services to the oil and gas industry, has a market cap of $57.18 billion and an enterprise value of $71.99 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 5.58% and the return on assets of 2.89% are underperforming 52% of companies in the Oil and Gas Equipment and Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.49.

The company's largest guru shareholder is Dodge & Cox with 2.99% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 2.02% and Barrow, Hanley, Mewhinney & Strauss with 1.38%.

The fund raised the holding of Large Cap Growth Index-Linked Exchange Traded Note (FRLG) by 37.07%, impacting the portfolio by 0.21%.

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The position in UBS AG FI Enhanced Global High Yield ETN due March (FIHD) was raised by 7.89%, impacting the portfolio by 0.15%.

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Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.