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 | |
|---|---|---|---|---|---|---|
301
Weyerhaeuser
WY
$16.9B
| $10M | 0.01% |
284,799
-3,012
| -1% | -$107K |
|
302
Labcorp
LH
$25.9B
| $9.79M | 0.01% |
71,464
-4,775
| -6% | -$631K |
|
303
Polaris
PII
$3.88B
| $9.72M | 0.01% |
78,407
-87,035
| -53% | -$10.3M |
|
304
Warner Bros
WBD
$63.9B
| $9.6M | 0.01% |
429,128
-9,975
| -2% | -$195K |
|
305
Huazhu Hotels Group
HTHT
$13B
| $9.52M | 0.01% |
263,748
-800
| -0.3% | -$25.3K |
|
306
Prologis
PLD
$136B
| $9.43M | 0.01% |
146,123
-3,869
| -3% | -$253K |
|
307
Unum
UNM
$13.7B
| $8.97M | 0.01% |
163,378
-4,200
| -3% | -$225K |
|
|
LOGM
308
DELISTED
LogMein, Inc.
LOGM
| $8.9M | 0.01% |
77,747
+579
| +0.8% | +$68K |
|
309
Piper Sandler
PIPR
$5.15B
| $8.75M | 0.01% |
405,816
| – | – |
|
310
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $8.65M | 0.01% |
188,452
+17,903
| +10% | +$800K |
|
311
Ziff Davis
ZD
$1.94B
| $8.57M | 0.01% |
131,332
-12,235
| -9% | -$797K |
|
|
SHPG
312
DELISTED
Shire pic
SHPG
| $8.54M | 0.01% |
55,073
-2,346
| -4% | -$348K |
|
|
WNS
313
DELISTED
WNS Holdings
WNS
| $8.47M | 0.01% |
210,958
| – | – |
|
|
LM
314
DELISTED
Legg Mason, Inc.
LM
| $8.37M | 0.01% |
199,300
-14,900
| -7% | -$585K |
|
315
Marvell Technology
MRVL
$165B
| $8.22M | 0.01% |
383,065
-15,535
| -4% | -$317K |
|
316
Merit Medical Systems
MMSI
$4.97B
| $8.1M | 0.01% |
187,486
+14,728
| +9% | +$618K |
|
317
Old Republic International
ORI
$10.6B
| $7.91M | 0.01% |
369,845
-699
| -0.2% | -$14.3K |
|
|
ANSS
318
DELISTED
Ansys
ANSS
| $7.89M | 0.01% |
53,484
-1,390
| -3% | -$197K |
|
319
Nice
NICE
$5.79B
| $7.72M | 0.01% |
83,953
+116
| +0.1% | +$9.87K |
|
320
Hain Celestial
HAIN
$44.4M
| $7.67M | 0.01% |
180,921
+5,328
| +3% | +$211K |
|
321
iShares Global Comm Services ETF
IXP
$520M
| $7.55M | 0.01% |
124,739
+9,285
| +8% | +$557K |
|
322
Ligand Pharmaceuticals
LGND
$5.94B
| $7.54M | 0.01% |
88,263
-2,074
| -2% | -$180K |
|
323
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $7.43M | 0.01% |
+184,060
| New | +$7.47M |
|
|
STMP
324
DELISTED
Stamps.com, Inc.
STMP
| $7.4M | 0.01% |
39,351
+4,209
| +12% | +$813K |
|
|
VRE
325
DELISTED
Veris Residential
VRE
| $7.37M | 0.01% |
341,830
| – | – |
|
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.