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 |
Costco
COST
|
+$384M |
| 2 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$293M |
| 3 |
Walmart Inc
WMT
|
+$242M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$220M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$436M |
| 2 |
Home Depot
HD
|
+$261M |
| 3 |
Walt Disney
DIS
|
+$236M |
| 4 |
JPMorgan Chase
JPM
|
+$230M |
| 5 |
Comcast
CMCSA
|
+$219M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.23% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 11.95% |
| 4 | Consumer Discretionary | 8.3% |
| 5 | Consumer Staples | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
UFP Industries
UFPI
$4.87B
| $24.2M | 0.03% |
644,337
-16,260
| -2% | -$598K |
|
|
CELG
227
DELISTED
Celgene Corp
CELG
| $24.1M | 0.03% |
231,106
-34,589
| -13% | -$3.9M |
|
228
Helmerich & Payne
HP
$3.37B
| $23.4M | 0.03% |
361,861
-2,976
| -0.8% | -$167K |
|
229
Vanguard Industrials ETF
VIS
$8.04B
| $23.4M | 0.03% |
164,046
+71,057
| +76% | +$9.75M |
|
230
NNN REIT
NNN
$9.16B
| $23.2M | 0.03% |
538,125
-8,263
| -2% | -$347K |
|
|
ESL
231
DELISTED
Esterline Technologies
ESL
| $22.6M | 0.03% |
302,805
+95,627
| +46% | +$7.85M |
|
|
ESRX
232
DELISTED
Express Scripts Holding Company
ESRX
| $22.6M | 0.03% |
302,322
-47,242
| -14% | -$3.02M |
|
233
Wipro
WIT
$19.3B
| $22.5M | 0.03% |
10,983,579
+442,667
| +4% | +$885K |
|
|
NTUS
234
DELISTED
Natus Medical Inc
NTUS
| $22.3M | 0.03% |
584,829
-4,405
| -0.7% | -$176K |
|
235
Autodesk
ADSK
$49.6B
| $22.3M | 0.03% |
212,468
-11,729
| -5% | -$1.37M |
|
236
IPG Photonics
IPGP
$3.6B
| $22.1M | 0.03% |
103,163
-5,629
| -5% | -$1.19M |
|
|
MINI
237
DELISTED
Mobile Mini Inc
MINI
| $22.1M | 0.03% |
639,966
-11,998
| -2% | -$410K |
|
238
Veeco
VECO
$2.95B
| $21.5M | 0.03% |
1,447,320
-12,525
| -0.9% | -$216K |
|
239
Rockwell Automation
ROK
$52.4B
| $21.2M | 0.03% |
107,979
-1,732
| -2% | -$330K |
|
240
Verizon
VZ
$193B
| $21.1M | 0.03% |
399,445
-48,874
| -11% | -$2.4M |
|
|
EPAY
241
DELISTED
Bottomline Technologies Inc
EPAY
| $20.1M | 0.03% |
578,467
+3,340
| +0.6% | +$112K |
|
242
Honeywell
HON
$76.7B
| $20M | 0.03% |
144,350
-4,089
| -3% | -$548K |
|
243
Emergent Biosolutions
EBS
$375M
| $20M | 0.03% |
429,568
-3,112
| -0.7% | -$131K |
|
244
Align Technology
ALGN
$12.4B
| $19.7M | 0.03% |
88,524
-3,002
| -3% | -$682K |
|
245
D.R. Horton
DHI
$40.7B
| $19.6M | 0.03% |
383,621
-26,654
| -6% | -$1.24M |
|
246
Amgen
AMGN
$209B
| $19.5M | 0.03% |
112,087
-17,305
| -13% | -$3.06M |
|
247
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $19.3M | 0.03% |
230,685
+2,036
| +0.9% | +$171K |
|
248
Union Pacific
UNP
$172B
| $19.1M | 0.03% |
142,562
-11,223
| -7% | -$1.35M |
|
249
COPT Defense Properties
CDP
$4.35B
| $18.1M | 0.02% |
619,750
-4,000
| -0.6% | -$125K |
|
250
Fair Isaac
FICO
$26.4B
| $17.9M | 0.02% |
116,861
-6,345
| -5% | -$960K |
|
Similar funds
Ken Fisher's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Fisher held 984 positions worth $76.6B, up 7.4% from $71.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q4 2017 filing shows 141 new, 329 increased, 331 reduced and 62 closed positions. Its largest new stake was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M. The largest sale was Bank of America, an estimated $436M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2017 buy was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M.
- Ken Fisher added most to Costco in Q4 2017, an estimated $384M increase.
- Ken Fisher's biggest Q4 2017 reduction was Bank of America, cutting an estimated $436M.
- Ken Fisher fully exited Harley-Davidson in Q4 2017, selling an estimated $4.17M.
- Ken Fisher's ten largest holdings make up 24% of its $76.6B portfolio in Q4 2017.
- Ken Fisher opened 141 new positions and closed 62 in Q4 2017.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $76.6B.
Based on Fisher Asset Management's 13F filing for Q4 2017, filed 24 Jan 2018.