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 | Miscellaneous | 28.23% |
| 2 | Financials | 18.2% |
| 3 | Technology | 13.75% |
| 4 | Healthcare | 12.94% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
iShares MSCI Germany ETF
EWG
$1.71B
| $1.09M | ﹤0.01% |
33,578
-7,459
| -18% | -$232K |
|
502
Toronto Dominion Bank
TD
$198B
| $1.06M | ﹤0.01% |
18,935
+1,182
| +7% | +$62.1K |
|
|
NAB
503
DELISTED
NATL AUSTRALIA BK LTD ADS5
NAB
| $999K | ﹤0.01% |
80,872
+660
| +0.8% | +$8.15K |
|
504
iShares Biotechnology ETF
IBB
$10.2B
| $993K | ﹤0.01% |
8,928
+2,478
| +38% | +$265K |
|
505
Westamerica Bancorp
WABC
$1.37B
| $948K | ﹤0.01% |
15,917
| – | – |
|
506
Palo Alto Networks
PANW
$270B
| $939K | ﹤0.01% |
39,108
-7,092
| -15% | -$162K |
|
|
CLDT
507
Chatham Lodging
CLDT
$601M
| $933K | ﹤0.01% |
43,767
| – | – |
|
508
Fortinet
FTNT
$115B
| $931K | ﹤0.01% |
129,875
-27,260
| -17% | -$207K |
|
|
SN
509
DELISTED
Sanchez Energy Corporation
SN
| $921K | ﹤0.01% |
191,108
| – | – |
|
|
HT
510
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $916K | ﹤0.01% |
49,087
+596
| +1% | +$10.9K |
|
|
SOHU
511
Sohu.com
SOHU
$356M
| $887K | ﹤0.01% |
16,291
| – | – |
|
512
CSX Corp
CSX
$90.7B
| $856K | ﹤0.01% |
47,328
+13,338
| +39% | +$229K |
|
|
AGEN
513
Agenus
AGEN
$312M
| $851K | ﹤0.01% |
9,828
+2,939
| +43% | +$238K |
|
514
iShares TIPS Bond ETF
TIP
$14.7B
| $830K | ﹤0.01% |
7,306
+244
| +3% | +$27.8K |
|
515
iShares MSCI EAFE ETF
EFA
$78.9B
| $808K | ﹤0.01% |
11,796
+409
| +4% | +$27.3K |
|
|
ACC
516
DELISTED
American Campus Communities, Inc.
ACC
| $798K | ﹤0.01% |
18,075
-800
| -4% | -$37.9K |
|
517
F5
FFIV
$23.3B
| $797K | ﹤0.01% |
6,608
-1,175
| -15% | -$142K |
|
|
ETP
518
DELISTED
Energy Transfer Partners, L.P.
ETP
| $783K | ﹤0.01% |
+42,814
| New | +$831K |
|
|
ICPT
519
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $780K | ﹤0.01% |
+13,436
| New | +$1.45M |
|
520
Insulet
PODD
$9.15B
| $779K | ﹤0.01% |
14,140
-2,823
| -17% | -$154K |
|
|
ADMS
521
DELISTED
Adamas Pharmaceuticals
ADMS
| $773K | ﹤0.01% |
+36,506
| New | +$669K |
|
522
Workday
WDAY
$44.8B
| $769K | ﹤0.01% |
7,293
-1,327
| -15% | -$137K |
|
523
Globant
GLOB
$1.63B
| $762K | ﹤0.01% |
19,016
+2,116
| +13% | +$87.3K |
|
524
State Street Technology Select Sector SPDR ETF
XLK
$122B
| $761K | ﹤0.01% |
25,744
-1,906
| -7% | -$54.9K |
|
525
Vertex Pharmaceuticals
VRTX
$131B
| $758K | ﹤0.01% |
4,984
-962
| -16% | -$145K |
|
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 Miscellaneous at 28% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
- 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.