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 | |
|---|---|---|---|---|---|---|
376
Eagle Bancorp
EGBN
$838M
| $4.87M | 0.01% |
84,115
+9,763
| +13% | +$625K |
|
377
M/I Homes
MHO
$3.87B
| $4.83M | 0.01% |
140,280
+10,850
| +8% | +$354K |
|
378
Rexford Industrial Realty
REXR
$8.56B
| $4.73M | 0.01% |
162,350
+10,792
| +7% | +$325K |
|
379
Vale
VALE
$63.8B
| $4.73M | 0.01% |
386,900
| – | – |
|
|
PTLA
380
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $4.71M | 0.01% |
96,654
+34,761
| +56% | +$1.76M |
|
381
Medpace
MEDP
$16.1B
| $4.69M | 0.01% |
129,453
| – | – |
|
382
Independent Bank
INDB
$4.02B
| $4.69M | 0.01% |
67,180
+4,964
| +8% | +$355K |
|
383
Comfort Systems
FIX
$59.8B
| $4.57M | 0.01% |
104,679
+8,654
| +9% | +$354K |
|
|
MDC
384
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.55M | 0.01% |
166,653
+22,197
| +15% | +$612K |
|
|
PDCO
385
DELISTED
Patterson Companies, Inc.
PDCO
| $4.53M | 0.01% |
125,300
| – | – |
|
386
Check Point Software Technologies
CHKP
$13.1B
| $4.44M | 0.01% |
42,869
+54
| +0.1% | +$5.87K |
|
|
JOBS
387
DELISTED
51job Inc
JOBS
| $4.43M | 0.01% |
72,795
+2,158
| +3% | +$132K |
|
388
Amphastar Pharmaceuticals
AMPH
$899M
| $4.41M | 0.01% |
229,277
+17,094
| +8% | +$319K |
|
389
Builders FirstSource
BLDR
$7.1B
| $4.4M | 0.01% |
201,769
+130,052
| +181% | +$2.47M |
|
390
Ironwood Pharmaceuticals
IRWD
$614M
| $4.33M | 0.01% |
345,322
+105,258
| +44% | +$1.37M |
|
|
FARO
391
DELISTED
Faro Technologies
FARO
| $4.31M | 0.01% |
91,785
+21,082
| +30% | +$987K |
|
392
AeroVironment
AVAV
$7.42B
| $4.28M | 0.01% |
76,168
+40,978
| +116% | +$2.09M |
|
393
Columbia Banking Systems
COLB
$8.84B
| $4.26M | 0.01% |
98,168
+7,711
| +9% | +$336K |
|
|
AFAM
394
DELISTED
Almost Family Inc
AFAM
| $4.21M | 0.01% |
76,154
+6,841
| +10% | +$364K |
|
395
iShares MSCI ACWI ETF
ACWI
$32.7B
| $4.2M | 0.01% |
58,319
+9,805
| +20% | +$694K |
|
396
Myriad Genetics
MYGN
$507M
| $4.13M | 0.01% |
120,312
| – | – |
|
397
8x8 Inc
EGHT
$262M
| $4.13M | 0.01% |
292,975
+25,063
| +9% | +$346K |
|
398
BorgWarner
BWA
$13.2B
| $4.13M | 0.01% |
91,831
-90,701
| -50% | -$4.19M |
|
399
Covenant Logistics
CVLG
$928M
| $4.09M | 0.01% |
284,930
+40,446
| +17% | +$581K |
|
|
FCB
400
DELISTED
FCB Financial Holdings, Inc.
FCB
| $4.05M | 0.01% |
79,805
-6,192
| -7% | -$304K |
|
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.