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 |
Alphabet (Google) Class A
GOOGL
|
+$702M |
| 2 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$90.3M |
| 3 |
America Movil
AMX
|
+$71.3M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.1M |
| 5 |
Stratasys
SSYS
|
+$53.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$671M |
| 2 |
RYL
RYLAND GROUP INC
RYL
|
+$90.9M |
| 3 |
PMCS
P M C SIERRA INC
PMCS
|
+$76.3M |
| 4 |
BMR
BIOMED REALTY TRUST INC
BMR
|
+$40.1M |
| 5 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$38.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.64% |
| 2 | Healthcare | 14.19% |
| 3 | Technology | 13.13% |
| 4 | Consumer Discretionary | 7.98% |
| 5 | Industrials | 6.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Citigroup
C
$222B
| $623M | 1.2% |
12,030,143
+139,215
| +1% | +$7.39M |
|
27
AB InBev
BUD
$166B
| $608M | 1.17% |
4,866,696
+145,591
| +3% | +$17.6M |
|
|
BAY
28
DELISTED
BAYER AG SPONS ADR
BAY
| $592M | 1.14% |
4,709,574
-3,185
| -0.1% | -$401K |
|
29
Sanofi
SNY
$103B
| $572M | 1.1% |
13,416,220
+120,254
| +0.9% | +$5.53M |
|
|
FLGE
30
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $570M | 1.1% |
4,579,111
+14,184
| +0.3% | +$1.75M |
|
31
UBS Group
UBS
$175B
| $564M | 1.09% |
29,100,560
+1,449,490
| +5% | +$28.3M |
|
32
PepsiCo
PEP
$191B
| $534M | 1.03% |
5,341,365
+70,317
| +1% | +$7.02M |
|
33
Novartis
NVS
$301B
| $532M | 1.03% |
6,906,805
+63,258
| +0.9% | +$5.03M |
|
34
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $500M | 0.96% |
16,449,962
+999,121
| +6% | +$30.5M |
|
35
SAP
SAP
$209B
| $480M | 0.93% |
6,071,354
+40,679
| +0.7% | +$3.13M |
|
36
HDFC Bank
HDB
$124B
| $473M | 0.91% |
30,731,024
+1,195,052
| +4% | +$18.1M |
|
37
Qualcomm
QCOM
$160B
| $469M | 0.9% |
9,372,982
-14,140
| -0.2% | -$754K |
|
38
GSK
GSK
$104B
| $465M | 0.9% |
9,225,338
+2,883
| +0% | +$147K |
|
39
HSBC
HSBC
$367B
| $450M | 0.87% |
12,809,492
-53,871
| -0.4% | -$1.9M |
|
40
Coca-Cola
KO
$381B
| $446M | 0.86% |
10,383,764
+90,734
| +0.9% | +$3.85M |
|
41
Cisco
CSCO
$448B
| $421M | 0.81% |
15,485,889
+134,268
| +0.9% | +$3.7M |
|
42
ExxonMobil
XOM
$651B
| $420M | 0.81% |
5,386,132
-87,696
| -2% | -$7.01M |
|
43
Oracle
ORCL
$367B
| $417M | 0.8% |
11,415,110
+194,305
| +2% | +$7.42M |
|
44
Trip.com Group
TCOM
$29.3B
| $410M | 0.79% |
8,839,325
+722,513
| +9% | +$33M |
|
|
45
Alphabet (Google) Class C
GOOG
$4.08T
| $382M | 0.74% |
10,067,180
-18,708,800
| -65% | -$671M |
|
46
Lloyds Banking Group
LYG
$90.7B
| $374M | 0.72% |
85,893,218
+667,347
| +0.8% | +$3.03M |
|
47
Infosys
INFY
$48.4B
| $367M | 0.71% |
43,812,408
+874,118
| +2% | +$7.58M |
|
48
Merck
MRK
$321B
| $360M | 0.69% |
7,149,529
+63,261
| +0.9% | +$3.19M |
|
49
iShares MBS ETF
MBB
$39.1B
| $334M | 0.64% |
3,101,721
+157,475
| +5% | +$17.1M |
|
|
FIEG
50
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $321M | 0.62% |
2,878,857
+173,370
| +6% | +$19.8M |
|
Similar funds
Ken Fisher's Q4 2015 Portfolio in Review
As of Q4 2015, Ken Fisher held 832 positions worth $51.9B, up 8.1% from $48B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q4 2015 filing shows 117 new, 382 increased, 189 reduced and 39 closed positions. Its largest new stake was Alphabet (Google) Class A: 18,980,280 shares worth $738M. The largest sale was Alphabet (Google) Class C, an estimated $671M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2015 buy was Alphabet (Google) Class A: 18,980,280 shares worth $738M.
- Ken Fisher added most to CalAtlantic Group, Inc. in Q4 2015, an estimated $90.3M increase.
- Ken Fisher's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $671M.
- Ken Fisher fully exited RYLAND GROUP INC in Q4 2015, selling an estimated $90.9M.
- Ken Fisher's ten largest holdings make up 23% of its $51.9B portfolio in Q4 2015.
- Ken Fisher opened 117 new positions and closed 39 in Q4 2015.
- Ken Fisher's portfolio value rose 8.1% quarter-over-quarter to $51.9B.
Based on Fisher Asset Management's 13F filing for Q4 2015, filed 14 Jan 2016.