Billionaire Ken Fisher's Long-Term Stock Picks

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Includes: ABB, AMAT, BHP, BIDU, DOV, DVMT, GE, GSK, JNJ, NOV, ORCL, OXY, PPG, SIEGY, SLB, UN, UTX, XOM
by: Insider Monkey

Ken Fisher is the author of seven money management books, three of which are New York Times bestsellers. He's been writing a Portfolio Strategy column for Forbes for over 26 years, and he's the fourth-longest-running columnist in Forbes' history. He's currently ranked #252 on the 2010 Forbes 400 list of richest Americans. He founded private investment firm Fisher Investments in 1979. In 2010, Forbes published an accounting of Fisher's stock picks made in his columns over the preceding 14 years. His stock picks beat the S&P 500 overall on average. Ken Fisher's picks lagged the S&P 500 in just three years of the last 14 years. His picks in 2009 outperformed the S&P 500 index by 24 percentage points. The outperformance in 2010 was 5 percentage points.

Below we compiled a list of stocks that Fisher has been holding since the beginning of this year. These are Fisher’s holdings with at least $500 million invested at the end of June.

Company

Ticker

Value (x1000)

YTD Return

SIEMENS A G

SI

864004

-16.95%

JOHNSON & JOHNSON

JNJ

713482

5.31%

SCHLUMBERGER LTD

SLB

702642

-20.64%

ORACLE CORP

ORCL

672886

-1.34%

EMC CORP MA

EMC

601969

-0.91%

BHP LTD

BHP

591412

-17.16%

GENERAL ELECTRIC CO

GE

590765

-9.53%

BAIDU INC

BIDU

590120

24.88%

EXXON MOBIL CORP

XOM

584109

4.12%

PPG INDUSTRIES INC

PPG

583155

-7.93%

UNITED TECHNOLOGIES CORP

UTX

554980

-5.02%

NATIONAL OILWELL VARCO INC

NOV

549439

-7.71%

ABB LTD

ABB

537217

-14.79%

APPLIED MATERIALS INC

AMAT

524880

-20.33%

DOVER CORP

DOV

520476

-9.90%

OCCIDENTAL PETROLEUM CORP

OXY

518582

-15.45%

UNILEVER N V

UN

503182

4.84%

GLAXOSMITHKLINE PLC

GSK

500073

16.02%

Siemens AG is a German engineering conglomerate, the largest of its kind in Europe. It lost 16.95% since the beginning of this year. It has a market cap of $88.07 billion and a P/E ratio of 14.75. Fisher invested $864 million in SI shares. D.E Shaw initiated $1.3 million positions in SI during the second quarter.

Johnson & Johnson is an international American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. It returned 5.31% since the beginning of this year. It has a market cap of $176.56 billion and a P/E ratio of 15.41. Fisher invested $713 million in JNJ shares. Warren Buffett held $2.8 billion positions in JNJ at the end of June (see billionaire Warren Buffett’s top stock picks).

Schlumberger Limited is the world's largest oilfield services company. It lost 20.64% since the beginning of this year. It has a market cap of $88.77 billion and a P/E ratio of 17.44. Fisher invested $703 million in SLB shares. Steven Cohen increased his positions by 56-fold in SLB and invested $83 million by the end of June.

Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems. It lost 1.34% since the beginning of this year. It has a market cap of $156.23 billion and a P/E ratio of 17.62. Fisher invested $673 million in ORCL shares. Thomas Steyer invested $148 million in ORCL.

EMC Corporation, a Financial Times Global 500, Fortune 500 and S&P 500 company, develops, delivers and supports information infrastructure and virtual infrastructure hardware, software, and services. It lost 0.91% since the beginning of this year. It has a market cap of $47.29 billion and a P/E ratio of 24.03. Fisher invested $602 million in EMC shares. Bill Miller held a $236 million position in EMC at the end of June.

BHP Billiton is a global mining, oil and gas company headquartered in Melbourne, Australia, and with a major management office in London, United Kingdom. It lost 17.16% since the beginning of this year. It has a market cap of $200.08 billion and a P/E ratio of 8.81. Fisher invested $591 million in BHP shares. David Dreman invested $38 million in BHP shares.

General Electric Company is an American multinational conglomerate corporation incorporated in Schenectady, New York, and headquartered in Fairfield, Connecticut. It lost 9.53% since the beginning of this year. It has a market cap of $171.09 billion and a P/E ratio of 12.70. Fisher invested $591 million in GE shares. Bill Miller and D.E Shaw held more than $100 million positions in GE. Jim Simons invested $95 million in GE shares at the end of June.

Baidu, Inc. is a Chinese web services company headquartered in the Baidu Campus in Haidian District, Beijing. It returned 24.88% since the beginning of this year. It has a market cap of $43.46 billion and a P/E ratio of 56.53. Fisher invested $590 million in BIDU shares.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.