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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Post Holdings
POST
$4.21B
| $12.7M | 0.02% |
+220,399
| New | +$12.1M |
|
277
OraSure Technologies
OSUR
$273M
| $12.5M | 0.02% |
556,455
-126,025
| -18% | -$2.54M |
|
278
Vanguard Industrials ETF
VIS
$8.04B
| $12.5M | 0.02% |
92,989
+7,418
| +9% | +$960K |
|
279
Cincinnati Financial
CINF
$26.8B
| $12.3M | 0.02% |
160,274
-746
| -0.5% | -$56.7K |
|
|
TPH
280
DELISTED
Tri Pointe Homes
TPH
| $11.8M | 0.02% |
852,000
| – | – |
|
281
Teleflex
TFX
$5.86B
| $11.8M | 0.02% |
+48,617
| New | +$10.6M |
|
|
GHL
282
DELISTED
Greenhill & Co., Inc.
GHL
| $11.3M | 0.02% |
683,206
-5,375
| -0.8% | -$90.9K |
|
283
Teradyne
TER
$57.2B
| $11.3M | 0.02% |
303,021
-165
| -0.1% | -$5.71K |
|
284
WisdomTree
WT
$2.88B
| $11.2M | 0.02% |
1,097,985
| – | – |
|
285
Haemonetics
HAE
$3.85B
| $10.9M | 0.02% |
243,275
+1,728
| +0.7% | +$71.8K |
|
286
KB Financial Group
KB
$42.5B
| $10.9M | 0.02% |
222,260
+5,241
| +2% | +$261K |
|
287
Marriott International
MAR
$99B
| $10.9M | 0.02% |
98,561
-3,609
| -4% | -$372K |
|
|
SPR
288
DELISTED
Spirit AeroSystems
SPR
| $10.8M | 0.02% |
138,680
+123,919
| +840% | +$8.57M |
|
289
Hancock Whitney
HWC
$6.14B
| $10.6M | 0.01% |
219,494
+2,406
| +1% | +$110K |
|
290
Halozyme
HALO
$9.88B
| $10.1M | 0.01% |
583,221
-30,800
| -5% | -$417K |
|
291
US Bancorp
USB
$98B
| $10.1M | 0.01% |
188,025
-15,813
| -8% | -$827K |
|
292
Labcorp
LH
$25.9B
| $9.89M | 0.01% |
+76,239
| New | +$10.2M |
|
293
Weyerhaeuser
WY
$16.9B
| $9.79M | 0.01% |
287,811
-1,367
| -0.5% | -$44.9K |
|
294
Acadia Healthcare
ACHC
$2.62B
| $9.79M | 0.01% |
+204,996
| New | +$9.99M |
|
|
CS
295
DELISTED
Credit Suisse Group
CS
| $9.56M | 0.01% |
604,830
+14,383
| +2% | +$218K |
|
296
Prologis
PLD
$136B
| $9.52M | 0.01% |
149,992
-840
| -0.6% | -$51.8K |
|
297
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $9.38M | 0.01% |
362,612
+3,107
| +0.9% | +$77.5K |
|
298
Warner Bros
WBD
$63.9B
| $9.35M | 0.01% |
439,103
-104,858
| -19% | -$2.47M |
|
299
Ross Stores
ROST
$81B
| $9.27M | 0.01% |
143,534
-1,326
| -0.9% | -$76.3K |
|
300
Ziff Davis
ZD
$1.94B
| $9.22M | 0.01% |
143,567
+8,856
| +7% | +$600K |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.