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 |
Costco
COST
|
+$384M |
| 2 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$293M |
| 3 |
Walmart Inc
WMT
|
+$242M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$220M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$436M |
| 2 |
Home Depot
HD
|
+$261M |
| 3 |
Walt Disney
DIS
|
+$236M |
| 4 |
JPMorgan Chase
JPM
|
+$230M |
| 5 |
Comcast
CMCSA
|
+$219M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.23% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 11.95% |
| 4 | Consumer Discretionary | 8.3% |
| 5 | Consumer Staples | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Hope Bancorp
HOPE
$1.79B
| $1.73M | ﹤0.01% |
94,595
-30,400
| -24% | -$551K |
|
477
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $1.64M | ﹤0.01% |
31,414
-366
| -1% | -$19.2K |
|
478
UnitedHealth
UNH
$376B
| $1.63M | ﹤0.01% |
7,403
+1,232
| +20% | +$261K |
|
479
Puma Biotechnology
PBYI
$404M
| $1.62M | ﹤0.01% |
16,386
+841
| +5% | +$94.1K |
|
480
iShares MSCI EAFE ETF
EFA
$78B
| $1.62M | ﹤0.01% |
23,033
+11,237
| +95% | +$781K |
|
481
Petrobras Class A
PBR.A
$111B
| $1.61M | ﹤0.01% |
164,202
| – | – |
|
|
QTS
482
DELISTED
QTS REALTY TRUST, INC.
QTS
| $1.61M | ﹤0.01% |
29,716
+8,141
| +38% | +$454K |
|
|
SPLK
483
DELISTED
Splunk Inc
SPLK
| $1.6M | ﹤0.01% |
19,365
-69
| -0.4% | -$5.06K |
|
|
EGRX
484
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $1.59M | ﹤0.01% |
29,784
+5,863
| +25% | +$326K |
|
485
Expeditors International
EXPD
$22B
| $1.54M | ﹤0.01% |
23,767
-378
| -2% | -$23.2K |
|
486
Ericsson
ERIC
$32.2B
| $1.53M | ﹤0.01% |
228,418
-17,041
| -7% | -$106K |
|
|
INN
487
Summit Hotel Properties
INN
$746M
| $1.5M | ﹤0.01% |
98,792
+18,733
| +23% | +$290K |
|
488
Berkshire Hathaway Class A
BRK.A
$1.1T
| $1.49M | ﹤0.01% |
5
| – | – |
|
489
ResMed
RMD
$30.6B
| $1.48M | ﹤0.01% |
17,450
| – | – |
|
490
Galicia Financial Group
GGAL
$7.99B
| $1.43M | ﹤0.01% |
21,747
-564
| -3% | -$32.3K |
|
491
McDonald's
MCD
$192B
| $1.4M | ﹤0.01% |
8,115
+705
| +10% | +$118K |
|
492
TechnipFMC
FTI
$28.6B
| $1.39M | ﹤0.01% |
59,815
-4,518
| -7% | -$93.5K |
|
493
iShares Global Financials ETF
IXG
$678M
| $1.38M | ﹤0.01% |
19,675
| – | – |
|
494
MakeMyTrip
MMYT
$5.36B
| $1.34M | ﹤0.01% |
44,832
| – | – |
|
495
Mercado Libre
MELI
$95.2B
| $1.31M | ﹤0.01% |
4,167
-61
| -1% | -$16.5K |
|
496
Lockheed Martin
LMT
$134B
| $1.31M | ﹤0.01% |
4,067
-445
| -10% | -$140K |
|
497
Incyte
INCY
$24.2B
| $1.29M | ﹤0.01% |
13,671
-351
| -3% | -$36.7K |
|
498
DuPont de Nemours
DD
$18.5B
| $1.24M | ﹤0.01% |
6,899
+2,594
| +60% | +$467K |
|
|
ADMS
499
DELISTED
Adamas Pharmaceuticals
ADMS
| $1.24M | ﹤0.01% |
36,431
-75
| -0.2% | -$2.09K |
|
500
iShares Russell 1000 Growth ETF
IWF
$121B
| $1.16M | ﹤0.01% |
34,576
+11,028
| +47% | +$361K |
|
Similar funds
Ken Fisher's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Fisher held 984 positions worth $76.6B, up 7.4% from $71.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q4 2017 filing shows 141 new, 329 increased, 331 reduced and 62 closed positions. Its largest new stake was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M. The largest sale was Bank of America, an estimated $436M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2017 buy was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M.
- Ken Fisher added most to Costco in Q4 2017, an estimated $384M increase.
- Ken Fisher's biggest Q4 2017 reduction was Bank of America, cutting an estimated $436M.
- Ken Fisher fully exited Harley-Davidson in Q4 2017, selling an estimated $4.17M.
- Ken Fisher's ten largest holdings make up 24% of its $76.6B portfolio in Q4 2017.
- Ken Fisher opened 141 new positions and closed 62 in Q4 2017.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $76.6B.
Based on Fisher Asset Management's 13F filing for Q4 2017, filed 24 Jan 2018.