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 |
Walmart Inc
WMT
|
+$323M |
| 2 |
JD.com
JD
|
+$141M |
| 3 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$90.2M |
| 4 |
America Movil
AMX
|
+$62.6M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$60.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$351M |
| 2 |
EMBJ
Embraer S.A. ADS
EMBJ
|
+$104M |
| 3 |
FEIC
FEI COMPANY
FEIC
|
+$39.1M |
| 4 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$36.1M |
| 5 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$28.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.08% |
| 2 | Healthcare | 14.41% |
| 3 | Technology | 13.36% |
| 4 | Consumer Discretionary | 8.06% |
| 5 | Industrials | 6.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$191B
| $591M | 1.1% |
5,425,720
+62,787
| +1% | +$6.48M |
|
|
FEEU
27
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $591M | 1.1% |
6,965,217
-202,551
| -3% | -$17.8M |
|
28
Bank of America
BAC
$433B
| $572M | 1.06% |
43,263,628
+167,440
| +0.4% | +$2.35M |
|
29
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $565M | 1.05% |
18,368,596
+1,137,699
| +7% | +$34.9M |
|
30
Sanofi
SNY
$103B
| $565M | 1.05% |
13,638,183
+91,233
| +0.7% | +$3.74M |
|
31
HDFC Bank
HDB
$124B
| $559M | 1.04% |
32,874,336
+1,100,000
| +3% | +$17.5M |
|
32
Qualcomm
QCOM
$160B
| $524M | 0.97% |
9,685,805
+129,073
| +1% | +$6.8M |
|
33
Novartis
NVS
$301B
| $524M | 0.97% |
7,101,823
+85,421
| +1% | +$5.9M |
|
34
GSK
GSK
$104B
| $511M | 0.95% |
9,384,700
+58,416
| +0.6% | +$3.08M |
|
35
Citigroup
C
$222B
| $510M | 0.95% |
12,055,501
+35,754
| +0.3% | +$1.58M |
|
|
BAY
36
DELISTED
BAYER AG SPONS ADR
BAY
| $503M | 0.93% |
4,909,612
+76,167
| +2% | +$7.8M |
|
37
SAP
SAP
$209B
| $481M | 0.89% |
6,163,293
+72,681
| +1% | +$5.7M |
|
38
Coca-Cola
KO
$381B
| $479M | 0.89% |
10,518,879
+153,438
| +1% | +$6.93M |
|
39
Oracle
ORCL
$367B
| $466M | 0.87% |
11,438,563
+67,952
| +0.6% | +$2.71M |
|
40
Cisco
CSCO
$448B
| $457M | 0.85% |
15,517,314
+119,242
| +0.8% | +$3.35M |
|
41
Infosys
INFY
$48.4B
| $429M | 0.8% |
47,335,306
+2,133,044
| +5% | +$20M |
|
42
ExxonMobil
XOM
$651B
| $425M | 0.79% |
4,529,413
-7,069
| -0.2% | -$625K |
|
43
Trip.com Group
TCOM
$29.3B
| $410M | 0.76% |
9,814,889
+492,598
| +5% | +$21.5M |
|
44
HSBC
HSBC
$367B
| $409M | 0.76% |
14,771,495
+179,709
| +1% | +$5.08M |
|
45
Merck
MRK
$321B
| $401M | 0.74% |
7,083,794
+64,044
| +0.9% | +$3.41M |
|
|
SI
46
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $400M | 0.74% |
3,919,471
+69,839
| +2% | +$7.13M |
|
47
UBS Group
UBS
$175B
| $393M | 0.73% |
31,407,907
+1,128,110
| +4% | +$17.2M |
|
48
iShares MBS ETF
MBB
$39.1B
| $386M | 0.72% |
3,509,419
+265,021
| +8% | +$29M |
|
49
Chevron
CVX
$383B
| $386M | 0.72% |
3,659,696
+21,769
| +0.6% | +$2.19M |
|
|
50
Walmart Inc
WMT
$884B
| $365M | 0.68% |
14,792,415
+13,957,179
| +1,671% | +$323M |
|
Similar funds
Ken Fisher's Q2 2016 Portfolio in Review
As of Q2 2016, Ken Fisher held 787 positions worth $53.9B, up 2.4% from $52.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2016 filing shows 43 new, 284 increased, 281 reduced and 42 closed positions. Its largest new stake was DST Systems Inc.: 280,332 shares worth $16.9M. The largest sale was Amazon, an estimated $351M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q2 2016 buy was DST Systems Inc.: 280,332 shares worth $16.9M.
- Ken Fisher added most to Walmart Inc in Q2 2016, an estimated $323M increase.
- Ken Fisher's biggest Q2 2016 reduction was Amazon, cutting an estimated $351M.
- Ken Fisher fully exited Embraer S.A. ADS in Q2 2016, selling an estimated $104M.
- Ken Fisher's ten largest holdings make up 23% of its $53.9B portfolio in Q2 2016.
- Ken Fisher opened 43 new positions and closed 42 in Q2 2016.
- Ken Fisher's portfolio value rose 2.4% quarter-over-quarter to $53.9B.
Based on Fisher Asset Management's 13F filing for Q2 2016, filed 12 Jul 2016.