Ken Fisher Fisher Asset Management
Ken Fisher is the founder and executive chairman of Fisher Investments, a global money management firm overseeing billions of dollars in assets. He gained early recognition for pioneering the use of the price-to-sales ratio in stock analysis and wrote the long-running “Portfolio Strategy” column in Forbes. Over the years, Fisher has authored numerous books on investing and wealth management, many of which have become bestsellers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
COPT Defense Properties
CDP
$4.3B
| $19.1M | 0.03% |
674,159
+17,462
| +3% | +$505K |
|
227
Fair Isaac
FICO
$24.3B
| $18.4M | 0.03% |
147,608
-5,134
| -3% | -$641K |
|
228
Toll Brothers
TOL
$13.6B
| $18.3M | 0.03% |
612,914
+31,310
| +5% | +$905K |
|
229
Fidelity National Information Services
FIS
$23.1B
| $18.3M | 0.03% |
237,482
-24,363
| -9% | -$1.9M |
|
230
Wipro
WIT
$19.6B
| $18M | 0.03% |
9,889,712
| – | – |
|
231
Cullen/Frost Bankers
CFR
$10.3B
| $17.8M | 0.03% |
247,793
-4,409
| -2% | -$305K |
|
232
3M
MMM
$90.9B
| $17.7M | 0.03% |
120,359
-9,064
| -7% | -$1.35M |
|
|
CS
233
DELISTED
Credit Suisse Group
CS
| $17.5M | 0.03% |
1,332,255
-8,986,656
| -87% | -$109M |
|
234
Amgen
AMGN
$208B
| $17.1M | 0.03% |
102,794
+1,221
| +1% | +$206K |
|
235
Hancock Whitney
HWC
$6.2B
| $16.7M | 0.03% |
516,249
-6,363
| -1% | -$192K |
|
236
Warner Bros
WBD
$65.9B
| $16.3M | 0.03% |
606,930
+155,063
| +34% | +$3.98M |
|
237
Polaris
PII
$3.82B
| $15.9M | 0.03% |
205,709
-13,722
| -6% | -$1.19M |
|
|
ABB
238
DELISTED
ABB Ltd
ABB
| $15.9M | 0.03% |
704,153
+338,922
| +93% | +$7.27M |
|
239
Yelp
YELP
$1.45B
| $15.5M | 0.03% |
370,551
-20,800
| -5% | -$729K |
|
|
GHL
240
DELISTED
Greenhill & Co., Inc.
GHL
| $15.4M | 0.03% |
655,399
+22,755
| +4% | +$476K |
|
241
iShares Global Tech ETF
IXN
$8.32B
| $15.4M | 0.03% |
835,236
+31,968
| +4% | +$565K |
|
242
Amdocs
DOX
$5.92B
| $15.4M | 0.03% |
265,456
-33,042
| -11% | -$1.95M |
|
243
Halliburton
HAL
$26.9B
| $15.1M | 0.03% |
336,399
+298,363
| +784% | +$13M |
|
244
Emergent Biosolutions
EBS
$373M
| $14.3M | 0.03% |
453,870
-13,900
| -3% | -$404K |
|
245
Northwest Natural Holdings
NWN
$2.06B
| $14.3M | 0.03% |
237,383
+5,801
| +3% | +$363K |
|
246
Globe Life
GL
$14.2B
| $14.2M | 0.03% |
221,606
-18,245
| -8% | -$1.15M |
|
247
D.R. Horton
DHI
$40B
| $14.1M | 0.03% |
466,328
-66,799
| -13% | -$2.14M |
|
248
Genpact
G
$5.96B
| $14.1M | 0.03% |
587,922
-87,020
| -13% | -$2.16M |
|
249
Cincinnati Financial
CINF
$27.3B
| $13.7M | 0.02% |
182,112
-34,246
| -16% | -$2.59M |
|
250
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
| $13.7M | 0.02% |
342,496
+11,784
| +4% | +$475K |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.