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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.55% |
| 3 | Healthcare | 13.21% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Communication Services | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BAY
26
DELISTED
BAYER AG SPONS ADR
BAY
| $637M | 0.96% |
4,934,267
+41,547
| +0.8% | +$5.36M |
|
|
27
JPMorgan Chase
JPM
$933B
| $636M | 0.96% |
6,957,114
-6,932,074
| -50% | -$598M |
|
28
AB InBev
BUD
$166B
| $630M | 0.95% |
5,707,561
+57,541
| +1% | +$6.59M |
|
29
HSBC
HSBC
$367B
| $628M | 0.95% |
14,810,876
+401,293
| +3% | +$15.6M |
|
|
30
ING
ING
$99.8B
| $626M | 0.94% |
36,009,342
+33,140,211
| +1,155% | +$545M |
|
31
Oracle
ORCL
$367B
| $604M | 0.91% |
12,054,600
+330,001
| +3% | +$15M |
|
32
GE Aerospace
GE
$368B
| $573M | 0.86% |
4,430,336
-227,617
| -5% | -$31.2M |
|
33
Trip.com Group
TCOM
$29.3B
| $545M | 0.82% |
10,122,535
+302,795
| +3% | +$16.1M |
|
34
Novartis
NVS
$301B
| $543M | 0.82% |
7,260,623
+428,836
| +6% | +$30.4M |
|
35
GSK
GSK
$104B
| $540M | 0.82% |
10,027,508
+451,615
| +5% | +$24.1M |
|
36
Comcast
CMCSA
$84B
| $527M | 0.79% |
13,527,746
-11,836,945
| -47% | -$466M |
|
|
37
Banco Santander
SAN
$202B
| $522M | 0.79% |
81,450,852
+81,045,958
| +20,017% | +$503M |
|
|
FIEE
38
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $509M | 0.77% |
3,262,757
+17,195
| +0.5% | +$2.59M |
|
39
Cisco
CSCO
$448B
| $503M | 0.76% |
16,076,117
+382,211
| +2% | +$12.5M |
|
|
NVO
40
Novo Nordisk
NVO
$228B
| $501M | 0.76% |
23,381,994
+2,663,984
| +13% | +$53.8M |
|
41
Berkshire Hathaway Class B
BRK.B
$1.1T
| $492M | 0.74% |
2,904,998
-2,812,966
| -49% | -$468M |
|
42
Walt Disney
DIS
$167B
| $469M | 0.71% |
4,412,242
-4,434,430
| -50% | -$486M |
|
43
Merck
MRK
$321B
| $455M | 0.69% |
7,441,123
+248,740
| +3% | +$15.1M |
|
|
44
RTX Corp
RTX
$289B
| $448M | 0.68% |
5,829,393
-7,733,353
| -57% | -$579M |
|
45
Walmart Inc
WMT
$884B
| $443M | 0.67% |
17,561,025
+1,634,076
| +10% | +$41.5M |
|
46
iShares MBS ETF
MBB
$39.1B
| $443M | 0.67% |
4,145,473
+290,043
| +8% | +$31M |
|
|
FEEU
47
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $436M | 0.66% |
3,699,718
-56,185
| -1% | -$6.4M |
|
48
Lloyds Banking Group
LYG
$90.7B
| $412M | 0.62% |
116,593,046
+13,255,507
| +13% | +$47.1M |
|
49
JD.com
JD
$43.6B
| $400M | 0.6% |
10,190,230
+571,705
| +6% | +$21.6M |
|
50
Chevron
CVX
$383B
| $396M | 0.6% |
3,799,120
+147,750
| +4% | +$15.7M |
|
Similar funds
Ken Fisher's Q2 2017 Portfolio in Review
As of Q2 2017, Ken Fisher held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q2 2017 buy was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M.
- Ken Fisher added most to Alibaba in Q2 2017, an estimated $594M increase.
- Ken Fisher's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Ken Fisher fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Ken Fisher's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Ken Fisher opened 104 new positions and closed 75 in Q2 2017.
- Ken Fisher's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.