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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$191B
| $589M | 1.05% |
5,417,951
-7,769
| -0.1% | -$837K |
|
27
HDFC Bank
HDB
$124B
| $587M | 1.04% |
32,638,696
-235,640
| -0.7% | -$4.14M |
|
28
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $585M | 1.04% |
18,998,952
+630,356
| +3% | +$19.4M |
|
29
SAP
SAP
$209B
| $564M | 1% |
6,169,607
+6,314
| +0.1% | +$543K |
|
|
30
Bank of America
BAC
$433B
| $560M | 0.99% |
35,754,237
-7,509,391
| -17% | -$112M |
|
31
GSK
GSK
$104B
| $512M | 0.91% |
9,488,938
+104,238
| +1% | +$5.72M |
|
|
BAY
32
DELISTED
BAYER AG SPONS ADR
BAY
| $495M | 0.88% |
4,927,034
+17,422
| +0.4% | +$1.75M |
|
33
Cisco
CSCO
$448B
| $493M | 0.87% |
15,528,824
+11,510
| +0.1% | +$354K |
|
34
HSBC
HSBC
$367B
| $481M | 0.85% |
14,170,175
-601,320
| -4% | -$18.9M |
|
35
Novartis
NVS
$301B
| $479M | 0.85% |
6,768,707
-333,116
| -5% | -$24.3M |
|
36
UBS Group
UBS
$175B
| $477M | 0.85% |
35,026,108
+3,618,201
| +12% | +$49.3M |
|
37
Sanofi
SNY
$103B
| $475M | 0.84% |
12,443,197
-1,194,986
| -9% | -$48M |
|
38
Trip.com Group
TCOM
$29.3B
| $460M | 0.82% |
9,877,999
+63,110
| +0.6% | +$2.81M |
|
|
NVO
39
Novo Nordisk
NVO
$228B
| $454M | 0.81% |
21,821,338
-104,850
| -0.5% | -$2.6M |
|
40
Oracle
ORCL
$367B
| $453M | 0.8% |
11,524,071
+85,508
| +0.7% | +$3.48M |
|
|
SI
41
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $451M | 0.8% |
3,850,253
-69,218
| -2% | -$8.11M |
|
42
Coca-Cola
KO
$381B
| $447M | 0.79% |
10,561,309
+42,430
| +0.4% | +$1.86M |
|
43
Merck
MRK
$321B
| $425M | 0.76% |
7,144,786
+60,992
| +0.9% | +$3.57M |
|
44
ExxonMobil
XOM
$651B
| $402M | 0.71% |
4,611,072
+81,659
| +2% | +$7.24M |
|
45
iShares MBS ETF
MBB
$39.1B
| $402M | 0.71% |
3,655,336
+145,917
| +4% | +$16M |
|
|
FIEE
46
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $395M | 0.7% |
3,258,256
+2,788,401
| +593% | +$334M |
|
|
47
Citigroup
C
$222B
| $388M | 0.69% |
8,210,969
-3,844,532
| -32% | -$175M |
|
48
Infosys
INFY
$48.4B
| $383M | 0.68% |
48,584,844
+1,249,538
| +3% | +$10.3M |
|
49
Chevron
CVX
$383B
| $371M | 0.66% |
3,608,619
-51,077
| -1% | -$5.22M |
|
|
TTM
50
DELISTED
Tata Motors Limited
TTM
| $365M | 0.65% |
9,136,638
-2,346
| -0% | -$91K |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.