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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 28.23% |
| 2 | Financials | 18.2% |
| 3 | Technology | 13.75% |
| 4 | Healthcare | 12.94% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NSA
401
DELISTED
National Storage Affiliates Trust
NSA
| $3.3M | ﹤0.01% |
136,211
+12,040
| +10% | +$273K |
|
402
Morningstar
MORN
$7.17B
| $3.22M | ﹤0.01% |
+37,900
| New | +$3.09M |
|
403
First Merchants
FRME
$2.58B
| $3.18M | ﹤0.01% |
74,157
+6,397
| +9% | +$255K |
|
|
CSFL
404
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.18M | ﹤0.01% |
118,816
-5,516
| -4% | -$137K |
|
405
Ironwood Pharmaceuticals
IRWD
$674M
| $3.17M | ﹤0.01% |
240,064
-2,139
| -0.9% | -$29.4K |
|
406
Quanex
NX
$988M
| $3.12M | ﹤0.01% |
135,775
+12,888
| +10% | +$267K |
|
|
CHL
407
DELISTED
China Mobile Limited
CHL
| $3.09M | ﹤0.01% |
61,038
+675
| +1% | +$36K |
|
408
Shinhan Financial Group
SHG
$39.5B
| $3.03M | ﹤0.01% |
68,379
+3,994
| +6% | +$181K |
|
409
Banner Corp
BANR
$2.61B
| $2.98M | ﹤0.01% |
48,564
+4,716
| +11% | +$267K |
|
410
MYR Group
MYRG
$4.53B
| $2.98M | ﹤0.01% |
102,130
+8,124
| +9% | +$225K |
|
|
JOYY
411
JOYY Inc
JOYY
$3.78B
| $2.96M | ﹤0.01% |
34,109
| – | – |
|
412
Ring Energy
REI
$399M
| $2.92M | ﹤0.01% |
201,894
+20,608
| +11% | +$266K |
|
413
Resources Connection
RGP
$137M
| $2.92M | ﹤0.01% |
210,195
+21,253
| +11% | +$277K |
|
414
Ethan Allen Interiors
ETD
$553M
| $2.9M | ﹤0.01% |
89,647
+8,282
| +10% | +$254K |
|
415
Icon
ICLR
$13.1B
| $2.89M | ﹤0.01% |
+25,374
| New | +$2.7M |
|
416
AMERISAFE
AMSF
$459M
| $2.89M | ﹤0.01% |
49,644
+4,626
| +10% | +$260K |
|
417
Delek US
DK
$4.66B
| $2.87M | ﹤0.01% |
+107,251
| New | +$2.68M |
|
418
General Dynamics
GD
$96.3B
| $2.81M | ﹤0.01% |
13,674
+59
| +0.4% | +$11.8K |
|
419
MasTec
MTZ
$19.3B
| $2.77M | ﹤0.01% |
+59,812
| New | +$2.61M |
|
|
FARO
420
DELISTED
Faro Technologies
FARO
| $2.7M | ﹤0.01% |
70,703
| – | – |
|
|
SRCI
421
DELISTED
SRC Energy Inc
SRCI
| $2.68M | ﹤0.01% |
277,382
| – | – |
|
|
WLH
422
DELISTED
WILLIAM LYON HOMES
WLH
| $2.64M | ﹤0.01% |
114,741
| – | – |
|
423
Southside Bancshares
SBSI
$956M
| $2.62M | ﹤0.01% |
71,931
-10,891
| -13% | -$370K |
|
424
Knowles
KN
$3.15B
| $2.6M | ﹤0.01% |
170,245
+17,404
| +11% | +$267K |
|
425
iShares Global Healthcare ETF
IXJ
$4.14B
| $2.54M | ﹤0.01% |
45,100
+17,818
| +65% | +$980K |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.