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 | |
|---|---|---|---|---|---|---|
351
Ultrapar
UGP
$6.9B
| $6.03M | 0.01% |
530,600
| – | – |
|
352
Anika Therapeutics
ANIK
$242M
| $6.02M | 0.01% |
111,694
+5,978
| +6% | +$331K |
|
353
Alkermes
ALKS
$8.39B
| $6M | 0.01% |
109,587
-557
| -0.5% | -$28.4K |
|
354
US Bancorp
USB
$98B
| $5.94M | 0.01% |
110,830
-77,195
| -41% | -$4.15M |
|
|
IMPV
355
DELISTED
Imperva, Inc.
IMPV
| $5.89M | 0.01% |
148,405
-12,903
| -8% | -$538K |
|
356
Lumentum
LITE
$53.9B
| $5.84M | 0.01% |
119,362
-4,188
| -3% | -$233K |
|
357
Cencora
COR
$60.7B
| $5.76M | 0.01% |
62,744
-3,934
| -6% | -$325K |
|
|
CA
358
DELISTED
CA, Inc.
CA
| $5.74M | 0.01% |
172,368
-22,621
| -12% | -$751K |
|
|
KYO
359
DELISTED
Kyocera Adr
KYO
| $5.7M | 0.01% |
+86,937
| New | +$5.88M |
|
|
B
360
DELISTED
Barnes Group Inc.
B
| $5.64M | 0.01% |
89,072
| – | – |
|
361
Walker & Dunlop
WD
$1.68B
| $5.61M | 0.01% |
118,035
+11,853
| +11% | +$604K |
|
362
Energizer
ENR
$1.44B
| $5.54M | 0.01% |
115,444
+19,242
| +20% | +$884K |
|
|
JNPR
363
DELISTED
Juniper Networks
JNPR
| $5.51M | 0.01% |
193,399
-8,500
| -4% | -$230K |
|
|
GWB
364
DELISTED
Great Western Bancorp, Inc.
GWB
| $5.49M | 0.01% |
137,932
+17,498
| +15% | +$708K |
|
365
iShares Europe ETF
IEV
$1.68B
| $5.48M | 0.01% |
115,972
-5,706
| -5% | -$268K |
|
366
Evercore
EVR
$12.1B
| $5.48M | 0.01% |
60,858
-4,983
| -8% | -$416K |
|
367
Nucor
NUE
$58.5B
| $5.46M | 0.01% |
85,873
-1,773
| -2% | -$104K |
|
368
Affiliated Managers Group
AMG
$9.65B
| $5.41M | 0.01% |
26,366
-538
| -2% | -$104K |
|
369
iShares Core US Aggregate Bond ETF
AGG
$138B
| $5.38M | 0.01% |
49,170
+10,867
| +28% | +$1.19M |
|
370
Kroger
KR
$35.4B
| $5.3M | 0.01% |
193,164
+11,997
| +7% | +$279K |
|
371
Hyster-Yale Materials Handling
HY
$600M
| $5.19M | 0.01% |
60,894
-154
| -0.3% | -$12.7K |
|
372
WPP
WPP
$4.41B
| $5.13M | 0.01% |
56,645
-387,760
| -87% | -$34.4M |
|
373
Bruker
BRKR
$9.79B
| $5.08M | 0.01% |
148,000
| – | – |
|
|
RDS.A
374
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $4.97M | 0.01% |
74,484
+858
| +1% | +$54.1K |
|
375
United Parcel Service
UPS
$89.5B
| $4.93M | 0.01% |
41,382
+24,228
| +141% | +$2.85M |
|
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.