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 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$353M |
| 2 |
Televisa
TV
|
+$92.4M |
| 3 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$38.2M |
| 4 |
DST
DST Systems Inc.
DST
|
+$36.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$315M |
| 2 |
CAB
Cabela's Inc
CAB
|
+$56.7M |
| 3 |
NXP Semiconductors
NXPI
|
+$48.7M |
| 4 |
TSMC
TSM
|
+$24.7M |
| 5 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 21.92% |
| 2 | Financials | 20.32% |
| 3 | Technology | 14.22% |
| 4 | Healthcare | 12.56% |
| 5 | Consumer Discretionary | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
AB InBev
BUD
$154B
| $592M | 1.03% |
5,614,125
+183,704
| +3% | +$20.6M |
|
27
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.3B
| $591M | 1.03% |
19,351,069
+352,117
| +2% | +$10.8M |
|
28
UBS Group
UBS
$167B
| $574M | 1% |
36,631,899
+1,605,791
| +5% | +$24.2M |
|
29
PepsiCo
PEP
$186B
| $570M | 0.99% |
5,447,517
+29,566
| +0.5% | +$3.1M |
|
30
SAP
SAP
$238B
| $534M | 0.93% |
6,176,675
+7,068
| +0.1% | +$607K |
|
31
HSBC
HSBC
$361B
| $517M | 0.9% |
14,245,547
+75,372
| +0.5% | +$2.67M |
|
|
FIHD
32
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $515M | 0.9% |
4,118,682
+2,919,640
| +243% | +$353M |
|
|
BAY
33
DELISTED
BAYER AG SPONS ADR
BAY
| $508M | 0.88% |
4,859,655
-67,379
| -1% | -$7.04M |
|
34
Sanofi
SNY
$102B
| $505M | 0.88% |
12,492,035
+48,838
| +0.4% | +$1.92M |
|
35
Citigroup
C
$233B
| $493M | 0.86% |
8,290,661
+79,692
| +1% | +$4.3M |
|
36
HDFC Bank
HDB
$120B
| $492M | 0.86% |
32,410,120
-228,576
| -0.7% | -$3.82M |
|
|
SI
37
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $473M | 0.82% |
3,837,967
-12,286
| -0.3% | -$1.51M |
|
38
Cisco
CSCO
$442B
| $471M | 0.82% |
15,585,850
+57,026
| +0.4% | +$1.74M |
|
39
Goldman Sachs
GS
$300B
| $464M | 0.81% |
1,938,236
-33,609
| -2% | -$6.82M |
|
40
GSK
GSK
$96.4B
| $455M | 0.79% |
9,447,600
-41,338
| -0.4% | -$2.04M |
|
41
Oracle
ORCL
$433B
| $447M | 0.78% |
11,627,644
+103,573
| +0.9% | +$4.05M |
|
42
Novartis
NVS
$261B
| $442M | 0.77% |
6,779,555
+10,848
| +0.2% | +$704K |
|
43
Coca-Cola
KO
$380B
| $439M | 0.77% |
10,600,183
+38,874
| +0.4% | +$1.62M |
|
44
Chevron
CVX
$420B
| $426M | 0.74% |
3,615,449
+6,830
| +0.2% | +$744K |
|
45
ExxonMobil
XOM
$683B
| $420M | 0.73% |
4,656,260
+45,188
| +1% | +$3.95M |
|
46
Merck
MRK
$355B
| $400M | 0.7% |
7,128,773
-16,013
| -0.2% | -$937K |
|
47
iShares MBS ETF
MBB
$38.9B
| $396M | 0.69% |
3,723,488
+68,152
| +2% | +$7.37M |
|
48
Trip.com Group
TCOM
$24.6B
| $388M | 0.68% |
9,699,094
-178,905
| -2% | -$7.83M |
|
|
FIEE
49
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $387M | 0.67% |
3,279,297
+21,041
| +0.6% | +$2.37M |
|
|
NVO
50
Novo Nordisk
NVO
$190B
| $381M | 0.66% |
21,243,076
-578,262
| -3% | -$10.5M |
|
Similar funds
Ken Fisher's Q4 2016 Portfolio in Review
As of Q4 2016, Ken Fisher held 837 positions worth $57.4B, up 2% from $56.3B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2016 filing shows 61 new, 208 increased, 401 reduced and 54 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M. The largest sale was FI Enhanced Global High Yield Exchange Traded Notes, an estimated $315M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, down from 23% a quarter earlier, followed by Financials and Technology.
- Ken Fisher's largest Q4 2016 buy was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M.
- Ken Fisher added most to UBS AG FI Enhanced Global High Yield ETN in Q4 2016, an estimated $353M increase.
- Ken Fisher's biggest Q4 2016 reduction was FI Enhanced Global High Yield Exchange Traded Notes, cutting an estimated $315M.
- Ken Fisher fully exited Cabela's Inc in Q4 2016, selling an estimated $56.7M.
- Ken Fisher's ten largest holdings make up 22% of its $57.4B portfolio in Q4 2016.
- Ken Fisher opened 61 new positions and closed 54 in Q4 2016.
- Ken Fisher's portfolio value rose 2% quarter-over-quarter to $57.4B.
Based on Fisher Asset Management's 13F filing for Q4 2016, filed 10 Jan 2017.