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 | |
|---|---|---|---|---|---|---|
401
MYR Group
MYRG
$5.15B
| $4.04M | 0.01% |
113,081
+10,951
| +11% | +$364K |
|
|
JOYY
402
JOYY Inc
JOYY
$3.68B
| $3.86M | 0.01% |
34,109
| – | – |
|
|
SPPI
403
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.79M | 0.01% |
200,252
+21,043
| +12% | +$381K |
|
404
Delek US
DK
$4.15B
| $3.77M | ﹤0.01% |
107,851
+600
| +0.6% | +$17.7K |
|
405
Korn Ferry
KFY
$4.18B
| $3.75M | ﹤0.01% |
90,694
+57,332
| +172% | +$2.38M |
|
|
NSA
406
DELISTED
National Storage Affiliates Trust
NSA
| $3.71M | ﹤0.01% |
136,211
| – | – |
|
407
IBM
IBM
$209B
| $3.69M | ﹤0.01% |
25,139
-2,518
| -9% | -$366K |
|
408
Morningstar
MORN
$7.24B
| $3.68M | ﹤0.01% |
37,922
+22
| +0.1% | +$1.98K |
|
|
WLH
409
DELISTED
WILLIAM LYON HOMES
WLH
| $3.63M | ﹤0.01% |
124,882
+10,141
| +9% | +$274K |
|
|
LABL
410
DELISTED
Multi-Color Corp
LABL
| $3.58M | ﹤0.01% |
47,844
+3,804
| +9% | +$295K |
|
411
AT&T
T
$159B
| $3.56M | ﹤0.01% |
121,257
+3,683
| +3% | +$101K |
|
412
Quanex
NX
$818M
| $3.51M | ﹤0.01% |
150,133
+14,358
| +11% | +$318K |
|
|
LPT
413
DELISTED
Liberty Property Trust
LPT
| $3.5M | ﹤0.01% |
81,398
-2,247
| -3% | -$97.5K |
|
414
Central Pacific Financial
CPF
$1.02B
| $3.49M | ﹤0.01% |
116,953
-7,718
| -6% | -$241K |
|
|
WRI
415
DELISTED
Weingarten Realty Investors
WRI
| $3.46M | ﹤0.01% |
105,349
-899
| -0.8% | -$29.1K |
|
416
First Merchants
FRME
$2.69B
| $3.42M | ﹤0.01% |
81,315
+7,158
| +10% | +$306K |
|
417
Resources Connection
RGP
$147M
| $3.39M | ﹤0.01% |
219,343
+9,148
| +4% | +$141K |
|
418
AMERISAFE
AMSF
$549M
| $3.38M | ﹤0.01% |
54,948
+5,304
| +11% | +$333K |
|
419
PNC Financial Services
PNC
$99.2B
| $3.32M | ﹤0.01% |
23,000
-2,169
| -9% | -$300K |
|
|
IPG
420
DELISTED
Interpublic Group of Companies
IPG
| $3.31M | ﹤0.01% |
164,346
-23,341
| -12% | -$465K |
|
421
CVB Financial
CVBF
$4B
| $3.29M | ﹤0.01% |
139,832
-26,280
| -16% | -$624K |
|
|
COWN
422
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $3.28M | ﹤0.01% |
240,418
+8,941
| +4% | +$134K |
|
|
CLVS
423
DELISTED
Clovis Oncology, Inc.
CLVS
| $3.26M | ﹤0.01% |
47,961
+21,328
| +80% | +$1.49M |
|
424
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $3.25M | ﹤0.01% |
12,196
+5,627
| +86% | +$1.46M |
|
|
CATM
425
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $3.15M | ﹤0.01% |
170,000
| – | – |
|
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.