Ken Fisher is the brain behind Fisher Asset Management and the recent SEC 13F filing of the investment manager indicates primary investments in Johnson & Johnson (NYSE:JNJ), Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP). Fisher Asset Management came into existence in 1979 and it has offered quality investment advice ever since its inception.
Johnson & Johnson (NYSE:JNJ) is the primary stock holding of Fisher Asset Management with 10,446,156 shares of the company at current market value of $1.11 billion. Johnson & Johnson (NYSE:JNJ) is all set to start a legal fight with Boston Scientific Corporation (NYSE:BSX) over the acquisition of Guidant in 2004. The claims are likely to create a financial havoc for Boston Scientific Corporation (NYSE:BSX) as Johnson & Johnson (NYSE:JNJ) is claiming damages in excess of $5 billion. The hearing is likely to begin in December in a federal court in New York. (Click here for a complete list of hedge funds holding positions in Johnson & Johnson at the end of second quarter)
Apple Inc. (NASDAQ:AAPL) is the second largest stock holding of Fisher Asset Management with 10,741,185 shares of the company at market price of $1.08 billion. According to a report from ValueWalk, Apple Inc. (NASDAQ:AAPL) is strongly destined towards one trillion market capitalization as the company already has market cap of $676 billion. Its wide range of products and increasing popularity in different market has made the milestone more approachable. The shares of Apple Inc. (NASDAQ:AAPL) are trading at $114.67 with P/E ratio of 17.83%.
American Express Company (NYSE:AXP) is the third largest stock holding of Fisher Asset management with investments exceeding $996 million and 11,387,462 shares of the company. Some of the primary investors of American Express Company (NYSE:AXP) include Berkshire Hathaway, Fisher Asset Management, and First Eagle Investment Management. The shares of American Express Company (NYSE:AXP) are trading at $90.50 with current P/E ratio of 16.92%.
This article has been written by Prakash Pandey.
