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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$607M |
| 2 |
Vodafone
VOD
|
+$318M |
| 3 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$267M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
Itaú Unibanco
ITUB
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$545M |
| 2 |
GE Aerospace
GE
|
+$284M |
| 3 |
NXP Semiconductors
NXPI
|
+$121M |
| 4 |
MENT
Mentor Graphics Corp
MENT
|
+$63.3M |
| 5 |
Heartland Express
HTLD
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.45% |
| 2 | Technology | 14.38% |
| 3 | Healthcare | 12.14% |
| 4 | Consumer Discretionary | 8.49% |
| 5 | Communication Services | 7.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
AB InBev
BUD
$166B
| $620M | 0.99% |
5,650,020
+35,895
| +0.6% | +$3.86M |
|
27
PepsiCo
PEP
$191B
| $615M | 0.98% |
5,497,671
+50,154
| +0.9% | +$5.38M |
|
28
HDFC Bank
HDB
$124B
| $614M | 0.98% |
32,654,156
+244,036
| +0.8% | +$4.25M |
|
29
SAP
SAP
$209B
| $611M | 0.98% |
6,223,373
+46,698
| +0.8% | +$4.34M |
|
30
UBS Group
UBS
$175B
| $599M | 0.96% |
37,527,776
+895,877
| +2% | +$14.4M |
|
|
31
Alibaba
BABA
$279B
| $594M | 0.95% |
5,505,442
+2,240,084
| +69% | +$228M |
|
32
Qualcomm
QCOM
$160B
| $576M | 0.92% |
10,041,310
+352,962
| +4% | +$20.5M |
|
33
Sanofi
SNY
$103B
| $571M | 0.91% |
12,615,505
+123,470
| +1% | +$5.24M |
|
|
BAY
34
DELISTED
BAYER AG SPONS ADR
BAY
| $565M | 0.91% |
4,892,720
+33,065
| +0.7% | +$3.82M |
|
35
HSBC
HSBC
$367B
| $531M | 0.85% |
14,409,583
+164,036
| +1% | +$6.16M |
|
36
Cisco
CSCO
$448B
| $530M | 0.85% |
15,693,906
+108,056
| +0.7% | +$3.5M |
|
|
SI
37
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $530M | 0.85% |
7,723,349
+3,885,382
| +101% | +$267M |
|
38
Oracle
ORCL
$367B
| $523M | 0.84% |
11,724,599
+96,955
| +0.8% | +$4.04M |
|
39
GSK
GSK
$104B
| $505M | 0.81% |
9,575,893
+128,293
| +1% | +$6.51M |
|
40
Citigroup
C
$222B
| $502M | 0.8% |
8,394,274
+103,613
| +1% | +$6.13M |
|
41
Trip.com Group
TCOM
$29.3B
| $483M | 0.77% |
9,819,740
+120,646
| +1% | +$5.53M |
|
42
Coca-Cola
KO
$381B
| $458M | 0.73% |
10,798,577
+198,394
| +2% | +$8.28M |
|
43
Novartis
NVS
$301B
| $455M | 0.73% |
6,831,787
+52,232
| +0.8% | +$3.48M |
|
|
FIEE
44
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $444M | 0.71% |
3,245,562
-33,735
| -1% | -$4.29M |
|
45
Merck
MRK
$321B
| $436M | 0.7% |
7,192,383
+63,610
| +0.9% | +$3.86M |
|
46
Goldman Sachs
GS
$302B
| $434M | 0.69% |
1,888,367
-49,869
| -3% | -$12M |
|
47
iShares MBS ETF
MBB
$39.1B
| $411M | 0.66% |
3,855,430
+131,942
| +4% | +$14M |
|
48
Chevron
CVX
$383B
| $392M | 0.63% |
3,651,370
+35,921
| +1% | +$4.03M |
|
|
FEEU
49
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $389M | 0.62% |
3,755,903
-95,169
| -2% | -$9.07M |
|
50
ExxonMobil
XOM
$651B
| $386M | 0.62% |
4,703,805
+47,545
| +1% | +$3.97M |
|
Similar funds
Ken Fisher's Q1 2017 Portfolio in Review
As of Q1 2017, Ken Fisher held 865 positions worth $62.4B, up 8.7% from $57.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q1 2017 filing shows 82 new, 252 increased, 334 reduced and 92 closed positions. Its largest new stake was Vodafone: 12,420,913 shares worth $328M. The largest sale was State Street SPDR Portfolio Short Term Corporate Bond ETF, an estimated $545M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2017 buy was Vodafone: 12,420,913 shares worth $328M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2017, an estimated $607M increase.
- Ken Fisher's biggest Q1 2017 reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, cutting an estimated $545M.
- Ken Fisher fully exited NXP Semiconductors in Q1 2017, selling an estimated $121M.
- Ken Fisher's ten largest holdings make up 24% of its $62.4B portfolio in Q1 2017.
- Ken Fisher opened 82 new positions and closed 92 in Q1 2017.
- Ken Fisher's portfolio value rose 8.7% quarter-over-quarter to $62.4B.
Based on Fisher Asset Management's 13F filing for Q1 2017, filed 25 Apr 2017.