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Ken Fisher is the founder and manager of Fisher Asset Management, but he is also a lot more. He not only wrote the book on money management, he wrote seven of them, three of which made it to the New York Times bestseller list. He also writes on the subject for Forbes, a position he has held for more than 26 years. Fisher’s various interests have earned him a spot on Forbes list of the 400 richest Americans and helped him grow his Fisher Asset Management’s AUM to a value over $38.6 billion.

And with no wonder, Fisher’s top stock picks have routinely outperformed the S&P 500 (NYSEARCA:SPY) and this quarter, so far, is no exception. Fisher’s bullish stocks lost -3.9% since the end of June compared to an -8% loss for the SPY.

Company

Ticker

Value (x1000)

Returns Since June

F M C TECHNOLOGIES INC

FTI

27685

-2%

ALLERGAN INC

AGN

352715

-1%

HALLIBURTON COMPANY

HAL

284757

-21%

MOSAIC CO.

MOS

249079

5%

ISHARES TRUST

MBB

130888

3%

SMITH & NEPHEW P L C

SNN

99648

-12%

FINISAR CORP

FNSR

68457

20%

WEICHAI POWER CO-UNSP ADR

OTCPK:WEICY

33521

-20%

GENTING BERHAD - SPON ADR

OTCPK:GEBHY

25995

-16%

J D S UNIPHASE CORP

JDSU

21369

-19%

FANUC LTD-UNSP ADR

OTCPK:FANUY

35177

-14%

INTERNATIONAL BUSINESS MACHS COR

IBM

370793

-0%

GOOGLE INC

GOOG

350633

7%

MEDTRONIC INC

MDT

331817

-10%

AGRIUM INC

AGU

43422

-0%

DAIMLER AG-REGISTERED SHARES

OTCPK:DDAIF

44798

-34%

CABELAS INC

CAB

61933

-12%

ISHARES INC

EWY

21348

-19%

COLONIAL PROPERTIES TRUST

CLP

43721

5%

DEERE & CO

DE

430297

-5%

LINCOLN ELECTRIC HOLDINGS INC

LECO

59064

-8%

GLAXOSMITHKLINE PLC

GSK

500073

-3%

Fisher’s success so far this quarter is owed largely to the 20% he has gained since the end of June via his Finisar Corp (NASDAQ:FNSR) position. Fisher bought into Finisar last quarter, purchasing a $68.4 million position in the company. Finisar was a bullish bet for several other funds last quarter as well, including Jim Simons’s Renaissance Technologies (Check out Simons’ top picks) and Artis Capital Management’s Stuart Peterson.

Fisher also did well on his position in Google Inc (NASDAQ:GOOG). He gained 7% on his $350 million position in the company. Google is one of the top 10 positions among hedge fund managers (see the complete list here). Fisher’s other successful bets were MOS, MBB and CLP. His top two new stock picks, FTI and AGN, also beat the SPY by more than 6 percentage points. However, Fisher did not win on all his bullish bets. He lost 34% on his position in Daimler AG-Registered Shares (OTCPK:DDAIF) since the end of June after increasing his position in the company by 701% last quarter.

Halliburton Company (NYSE:HAL) has also been a losing bet for Fisher since the end of last quarter. He lost 21% on his position since June, bringing the value to just under $285 million. Luckily, the outlook is strong for the company. Halliburton is one of the top energy companies hedge fund managers are buying like crazy (see the complete list).

We like Fisher. His performance is always strong, and always just above the S&P enough to show his talent but not so high it seems a fluke or a one-off. Independent investors can do well mirroring Fisher. Just remember that when it comes to following Fisher, you will have several high performers offset by several low performers, so keep a broad focus.

Source: Ken Fisher's New Bullish Bets