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 | Miscellaneous | 29.04% |
| 2 | Financials | 17.49% |
| 3 | Technology | 14.07% |
| 4 | Healthcare | 12.16% |
| 5 | Consumer Discretionary | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Paycom
PAYC
$9.87B
| $17.9M | 0.02% |
222,365
+1,460
| +0.7% | +$117K |
|
252
Terex
TEX
$6.95B
| $17.8M | 0.02% |
370,116
-15,488
| -4% | -$713K |
|
253
Live Nation Entertainment
LYV
$39.6B
| $17.8M | 0.02% |
418,915
-34,850
| -8% | -$1.52M |
|
254
Abbott
ABT
$176B
| $17.8M | 0.02% |
311,969
-34,536
| -10% | -$1.91M |
|
255
Fidelity National Information Services
FIS
$19.7B
| $17.6M | 0.02% |
186,742
-11,569
| -6% | -$1.09M |
|
|
INVX
256
Innovex International
INVX
$2.11B
| $17.4M | 0.02% |
365,481
-1,197
| -0.3% | -$53.5K |
|
257
Extra Space Storage
EXR
$29.1B
| $17.4M | 0.02% |
199,193
-20,792
| -9% | -$1.75M |
|
258
CVS Health
CVS
$121B
| $16.9M | 0.02% |
233,346
-27,676
| -11% | -$2.01M |
|
259
Globe Life
GL
$13.2B
| $16.9M | 0.02% |
186,225
-3,491
| -2% | -$300K |
|
260
Dana Inc
DAN
$3.34B
| $16.4M | 0.02% |
511,161
-190,733
| -27% | -$5.87M |
|
261
ICU Medical
ICUI
$3.91B
| $16.2M | 0.02% |
75,000
-8
| -0% | -$1.62K |
|
|
NUAN
262
DELISTED
Nuance Communications, Inc.
NUAN
| $15.9M | 0.02% |
1,122,270
-55,584
| -5% | -$748K |
|
263
Wells Fargo
WFC
$273B
| $15.9M | 0.02% |
261,272
-29,112
| -10% | -$1.64M |
|
264
LivaNova
LIVN
$4.31B
| $15.7M | 0.02% |
197,000
| – | – |
|
265
iShares MSCI India ETF
INDA
$6.59B
| $15.7M | 0.02% |
436,100
+100
| +0% | +$3.48K |
|
266
T. Rowe Price
TROW
$22.7B
| $15.3M | 0.02% |
145,927
-3,585
| -2% | -$350K |
|
|
TPH
267
DELISTED
Tri Pointe Homes
TPH
| $15.3M | 0.02% |
852,000
| – | – |
|
268
Altria Group
MO
$115B
| $15.1M | 0.02% |
210,760
+134,215
| +175% | +$8.99M |
|
269
Semtech
SMTC
$15.6B
| $15M | 0.02% |
439,390
+25,167
| +6% | +$942K |
|
270
Zimmer Biomet
ZBH
$17.8B
| $14.8M | 0.02% |
126,425
-7,738
| -6% | -$875K |
|
271
Post Holdings
POST
$3.63B
| $14.7M | 0.02% |
282,963
+62,564
| +28% | +$3.33M |
|
272
Oceaneering
OII
$5.08B
| $14.2M | 0.02% |
670,658
+14,926
| +2% | +$317K |
|
273
WisdomTree
WT
$3.63B
| $14M | 0.02% |
1,118,641
+20,656
| +2% | +$237K |
|
|
274
Bank of America
BAC
$438B
| $13.7M | 0.02% |
465,383
-15,833,935
| -97% | -$436M |
|
275
Genpact
G
$5.9B
| $13.7M | 0.02% |
430,844
-26,425
| -6% | -$818K |
|
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 Miscellaneous at 29% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
- 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.