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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sanofi
SNY
$103B
| $701M | 0.98% |
14,082,257
+443,799
| +3% | +$21.5M |
|
27
AB InBev
BUD
$166B
| $694M | 0.97% |
5,818,807
+111,246
| +2% | +$13M |
|
28
HSBC
HSBC
$367B
| $683M | 0.96% |
15,130,239
+319,363
| +2% | +$14.1M |
|
29
JPMorgan Chase
JPM
$933B
| $682M | 0.96% |
7,142,250
+185,136
| +3% | +$17.1M |
|
30
PepsiCo
PEP
$191B
| $657M | 0.92% |
5,893,893
+118,615
| +2% | +$13.7M |
|
31
Oracle
ORCL
$367B
| $594M | 0.83% |
12,279,327
+224,727
| +2% | +$11.2M |
|
|
NVO
32
Novo Nordisk
NVO
$228B
| $584M | 0.82% |
24,249,448
+867,454
| +4% | +$19.6M |
|
33
Novartis
NVS
$301B
| $569M | 0.8% |
7,402,410
+141,787
| +2% | +$10.7M |
|
|
FIEE
34
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $566M | 0.79% |
3,259,108
-3,649
| -0.1% | -$593K |
|
35
Banco Santander
SAN
$202B
| $565M | 0.79% |
84,922,026
+3,471,174
| +4% | +$22.2M |
|
36
Cisco
CSCO
$448B
| $551M | 0.77% |
16,386,990
+310,873
| +2% | +$9.9M |
|
37
Berkshire Hathaway Class B
BRK.B
$1.1T
| $541M | 0.76% |
2,948,539
+43,541
| +1% | +$7.69M |
|
38
Comcast
CMCSA
$84B
| $528M | 0.74% |
13,719,684
+191,938
| +1% | +$7.56M |
|
39
GE Aerospace
GE
$368B
| $523M | 0.73% |
4,512,807
+82,471
| +2% | +$9.97M |
|
40
GSK
GSK
$104B
| $521M | 0.73% |
10,262,601
+235,093
| +2% | +$11.9M |
|
41
Trip.com Group
TCOM
$29.3B
| $517M | 0.73% |
9,803,646
-318,889
| -3% | -$17.3M |
|
42
Walmart Inc
WMT
$884B
| $474M | 0.67% |
18,208,395
+647,370
| +4% | +$17M |
|
|
FEEU
43
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $473M | 0.66% |
3,661,929
-37,789
| -1% | -$4.62M |
|
44
Merck
MRK
$321B
| $467M | 0.65% |
7,642,346
+201,223
| +3% | +$12.2M |
|
45
iShares MBS ETF
MBB
$39.1B
| $464M | 0.65% |
4,332,325
+186,852
| +5% | +$20M |
|
46
Chevron
CVX
$383B
| $461M | 0.65% |
3,925,180
+126,060
| +3% | +$13.8M |
|
47
Walt Disney
DIS
$167B
| $440M | 0.62% |
4,466,678
+54,436
| +1% | +$5.6M |
|
48
Lloyds Banking Group
LYG
$90.7B
| $437M | 0.61% |
119,266,160
+2,673,114
| +2% | +$9.31M |
|
49
Baidu
BIDU
$36.5B
| $427M | 0.6% |
1,722,000
-28,991
| -2% | -$6.32M |
|
50
RTX Corp
RTX
$289B
| $426M | 0.6% |
5,835,153
+5,760
| +0.1% | +$426K |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.