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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Columbia Sportswear
COLM
$3.04B
| $3.33M | 0.01% |
56,700
-29,300
| -34% | -$1.83M |
|
327
Columbia Banking Systems
COLB
$8.84B
| $3.33M | 0.01% |
+106,710
| New | +$3.37M |
|
|
FCB
328
DELISTED
FCB Financial Holdings, Inc.
FCB
| $3.31M | 0.01% |
+101,370
| New | +$3.35M |
|
329
CVB Financial
CVBF
$3.94B
| $3.3M | 0.01% |
+197,420
| New | +$3.38M |
|
330
iShares Global Consumer Staples ETF
KXI
$1.07B
| $3.29M | 0.01% |
+74,110
| New | +$3.37M |
|
|
AFAM
331
DELISTED
Almost Family Inc
AFAM
| $3.26M | 0.01% |
+81,411
| New | +$3.64M |
|
|
PMC
332
DELISTED
PharMerica Corporation
PMC
| $3.23M | 0.01% |
+113,280
| New | +$3.81M |
|
333
Comfort Systems
FIX
$60.9B
| $3.22M | 0.01% |
+118,209
| New | +$3.17M |
|
|
MDC
334
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.16M | 0.01% |
+167,608
| New | +$3.51M |
|
335
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $3.15M | 0.01% |
88,339
-229,871
| -72% | -$8.83M |
|
336
OraSure Technologies
OSUR
$279M
| $3.14M | 0.01% |
+707,892
| New | +$3.69M |
|
337
Walker & Dunlop
WD
$1.71B
| $3.14M | 0.01% |
+120,287
| New | +$3.01M |
|
338
Ameris Bancorp
ABCB
$5.85B
| $3.12M | 0.01% |
+108,507
| New | +$2.95M |
|
|
SFBS
339
ServisFirst Bancshares
SFBS
$4.89B
| $3.11M | 0.01% |
+149,588
| New | +$2.92M |
|
340
AMERISAFE
AMSF
$543M
| $3.1M | 0.01% |
+62,316
| New | +$3.01M |
|
|
WLH
341
DELISTED
WILLIAM LYON HOMES
WLH
| $3.06M | 0.01% |
+148,691
| New | +$3.54M |
|
342
Paycom
PAYC
$7.64B
| $3.04M | 0.01% |
+84,784
| New | +$3.08M |
|
|
AFFX
343
DELISTED
Affymetrix Inc
AFFX
| $3.01M | 0.01% |
+352,394
| New | +$3.52M |
|
|
AMRI
344
DELISTED
Albany Molecular Research Inc
AMRI
| $2.98M | 0.01% |
+170,876
| New | +$3.48M |
|
345
Viavi Solutions
VIAV
$9.12B
| $2.96M | 0.01% |
551,728
-418,178
| -43% | -$2.45M |
|
346
Renasant Corp
RNST
$3.98B
| $2.95M | 0.01% |
+89,708
| New | +$2.88M |
|
347
Banner Corp
BANR
$2.39B
| $2.95M | 0.01% |
+61,671
| New | +$2.87M |
|
|
LOCK
348
DELISTED
LifeLock, Inc.
LOCK
| $2.94M | 0.01% |
335,998
| – | – |
|
349
Hanmi Financial
HAFC
$945M
| $2.94M | 0.01% |
+116,645
| New | +$2.91M |
|
350
Southside Bancshares
SBSI
$967M
| $2.93M | 0.01% |
+114,516
| New | +$2.89M |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.