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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
ConocoPhillips
COP
$145B
| $921K | ﹤0.01% |
19,193
+6,467
| +51% | +$329K |
|
|
DHC
452
Diversified Healthcare Trust
DHC
$2.13B
| $919K | ﹤0.01% |
57,210
| – | – |
|
453
Lincoln National
LNC
$8.82B
| $909K | ﹤0.01% |
+19,145
| New | +$1.03M |
|
|
ACC
454
DELISTED
American Campus Communities, Inc.
ACC
| $905K | ﹤0.01% |
24,983
-772
| -3% | -$28.2K |
|
455
AstraZeneca
AZN
$245B
| $889K | ﹤0.01% |
+13,974
| New | +$919K |
|
456
BHP
BHP
$212B
| $880K | ﹤0.01% |
31,205
-13,349
| -30% | -$434K |
|
457
Caterpillar
CAT
$383B
| $872K | ﹤0.01% |
13,342
+4,587
| +52% | +$351K |
|
458
McDonald's
MCD
$189B
| $871K | ﹤0.01% |
8,844
-3,376
| -28% | -$329K |
|
|
N
459
DELISTED
Netsuite Inc
N
| $870K | ﹤0.01% |
10,366
+925
| +10% | +$85K |
|
|
AGN
460
DELISTED
Allergan plc
AGN
| $866K | ﹤0.01% |
3,185
-395
| -11% | -$121K |
|
461
Prothena Corp
PRTA
$435M
| $863K | ﹤0.01% |
+19,040
| New | +$1.11M |
|
462
Halliburton
HAL
$26.6B
| $851K | ﹤0.01% |
+24,085
| New | +$947K |
|
|
IFX
463
DELISTED
INFINEON TECH AG ADS(REP1 ORD)
IFX
| $847K | ﹤0.01% |
+75,467
| New | +$847K |
|
464
NextEra Energy
NEE
$181B
| $843K | ﹤0.01% |
+34,576
| New | +$879K |
|
465
Westamerica Bancorp
WABC
$1.39B
| $823K | ﹤0.01% |
18,517
-228,416
| -93% | -$10.8M |
|
466
Telkom Indonesia
TLK
$15B
| $822K | ﹤0.01% |
46,136
| – | – |
|
467
iShares TIPS Bond ETF
TIP
$14.5B
| $806K | ﹤0.01% |
7,278
+1,073
| +17% | +$120K |
|
468
Starbucks
SBUX
$118B
| $798K | ﹤0.01% |
14,031
-303
| -2% | -$17K |
|
469
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.6B
| $798K | ﹤0.01% |
10,014
+502
| +5% | +$39.9K |
|
470
Kimberly-Clark
KMB
$35.7B
| $774K | ﹤0.01% |
+7,101
| New | +$783K |
|
471
Fluor
FLR
$7.01B
| $755K | ﹤0.01% |
17,822
+272
| +2% | +$12.8K |
|
472
Costco
COST
$423B
| $740K | ﹤0.01% |
5,119
+646
| +14% | +$92.2K |
|
473
Affiliated Managers Group
AMG
$10.1B
| $735K | ﹤0.01% |
4,298
-7,772
| -64% | -$1.53M |
|
474
iShares Global Financials ETF
IXG
$683M
| $720K | ﹤0.01% |
14,002
-450
| -3% | -$24.9K |
|
475
Phillips 66
PSX
$82.7B
| $715K | ﹤0.01% |
9,310
+2,622
| +39% | +$208K |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.