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 | |
|---|---|---|---|---|---|---|
326
Mitsubishi UFJ Financial
MUFG
$254B
| $7.27M | 0.01% |
1,000,529
-6,547,105
| -87% | -$44.6M |
|
327
Edgewell Personal Care
EPC
$1.26B
| $7.22M | 0.01% |
121,597
+17,500
| +17% | +$1.1M |
|
328
SS&C Technologies
SSNC
$18.6B
| $7.09M | 0.01% |
175,260
-2,640
| -1% | -$108K |
|
329
United Rentals
URI
$66.5B
| $7.08M | 0.01% |
41,174
-233
| -0.6% | -$35.5K |
|
330
Republic Services
RSG
$65B
| $7.03M | 0.01% |
103,926
-2,353
| -2% | -$152K |
|
331
Northern Trust
NTRS
$22.4B
| $6.85M | 0.01% |
68,543
-3,303
| -5% | -$315K |
|
332
FormFactor
FORM
$8.21B
| $6.76M | 0.01% |
431,765
+23,851
| +6% | +$399K |
|
333
J&J Snack Foods
JJSF
$1.44B
| $6.68M | 0.01% |
43,991
+477
| +1% | +$66.9K |
|
334
Acadia Healthcare
ACHC
$2.62B
| $6.59M | 0.01% |
202,100
-2,896
| -1% | -$100K |
|
335
PetMed Express
PETS
$42.3M
| $6.53M | 0.01% |
143,513
+16,716
| +13% | +$659K |
|
336
Installed Building Products
IBP
$6.07B
| $6.53M | 0.01% |
85,937
+9,468
| +12% | +$656K |
|
337
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $6.51M | 0.01% |
233,177
-129,435
| -36% | -$3.48M |
|
338
Apogee Enterprises
APOG
$832M
| $6.45M | 0.01% |
141,000
| – | – |
|
339
Progressive
PGR
$124B
| $6.45M | 0.01% |
114,492
-6,895
| -6% | -$357K |
|
340
Viavi Solutions
VIAV
$8.65B
| $6.38M | 0.01% |
729,500
-28,140
| -4% | -$255K |
|
341
Qiagen
QGEN
$8.55B
| $6.36M | 0.01% |
193,805
-5,001
| -3% | -$172K |
|
|
PCH
342
DELISTED
PotlatchDeltic
PCH
| $6.34M | 0.01% |
127,150
-8,358
| -6% | -$431K |
|
|
DASTY
343
DELISTED
DASSAULT SYSTEMES SA ADR
DASTY
| $6.33M | 0.01% |
59,542
-134
| -0.2% | -$14.3K |
|
|
CCMP
344
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $6.31M | 0.01% |
67,098
+10,731
| +19% | +$988K |
|
345
Ameris Bancorp
ABCB
$5.88B
| $6.3M | 0.01% |
130,765
+15,969
| +14% | +$773K |
|
|
SFBS
346
ServisFirst Bancshares
SFBS
$4.88B
| $6.28M | 0.01% |
151,326
+19,298
| +15% | +$784K |
|
347
Camden Property Trust
CPT
$11.2B
| $6.26M | 0.01% |
68,037
-725
| -1% | -$67K |
|
348
Omnicom Group
OMC
$21.8B
| $6.18M | 0.01% |
84,913
-2,757
| -3% | -$198K |
|
349
Essex Property Trust
ESS
$18.1B
| $6.09M | 0.01% |
25,226
-623
| -2% | -$157K |
|
350
Strategy Inc
MSTR
$35.7B
| $6.04M | 0.01% |
460,000
| – | – |
|
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.