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 | |
|---|---|---|---|---|---|---|
|
TWX
526
DELISTED
Time Warner Inc
TWX
| $838K | ﹤0.01% |
9,162
-1,630
| -15% | -$154K |
|
527
Duke Energy
DUK
$98.4B
| $825K | ﹤0.01% |
9,811
+5,807
| +145% | +$507K |
|
528
Norfolk Southern
NSC
$75B
| $812K | ﹤0.01% |
5,604
-83
| -1% | -$11.1K |
|
529
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $802K | ﹤0.01% |
7,981
+808
| +11% | +$81.5K |
|
530
Occidental Petroleum
OXY
$55.6B
| $764K | ﹤0.01% |
10,373
+1,644
| +19% | +$112K |
|
531
Vertex Pharmaceuticals
VRTX
$122B
| $763K | ﹤0.01% |
5,089
+105
| +2% | +$15.5K |
|
532
Old Dominion Freight Line
ODFL
$44.2B
| $756K | ﹤0.01% |
17,241
| – | – |
|
533
Workday
WDAY
$39B
| $738K | ﹤0.01% |
7,255
-38
| -0.5% | -$4.06K |
|
534
JELD-WEN Holding
JELD
$117M
| $727K | ﹤0.01% |
18,469
| – | – |
|
535
Northrop Grumman
NOC
$76B
| $711K | ﹤0.01% |
2,315
+319
| +16% | +$95.8K |
|
|
SOHU
536
Sohu.com
SOHU
$359M
| $706K | ﹤0.01% |
16,291
| – | – |
|
537
Pampa Energía
PAM
$4.77B
| $702K | ﹤0.01% |
10,428
-270
| -3% | -$17.8K |
|
538
iShares Russell Mid-Cap ETF
IWR
$56.1B
| $697K | ﹤0.01% |
+13,400
| New | +$680K |
|
539
Ford
F
$59.3B
| $693K | ﹤0.01% |
55,505
-3,857
| -6% | -$47.5K |
|
|
WBA
540
DELISTED
Walgreens Boots Alliance
WBA
| $676K | ﹤0.01% |
9,315
+1,660
| +22% | +$117K |
|
541
Deere & Co
DE
$162B
| $669K | ﹤0.01% |
4,276
+1,074
| +34% | +$150K |
|
|
ACC
542
DELISTED
American Campus Communities, Inc.
ACC
| $667K | ﹤0.01% |
16,250
-1,825
| -10% | -$78K |
|
543
Fluor
FLR
$6.99B
| $658K | ﹤0.01% |
12,747
-956
| -7% | -$44.5K |
|
544
Cannae Holdings
CNNE
$646M
| $653K | ﹤0.01% |
+38,364
| New | +$662K |
|
545
Kimberly-Clark
KMB
$36.6B
| $649K | ﹤0.01% |
5,378
+625
| +13% | +$72.9K |
|
546
Accenture
ACN
$99.9B
| $637K | ﹤0.01% |
+4,161
| New | +$603K |
|
547
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
| $631K | ﹤0.01% |
11,082
+6,424
| +138% | +$359K |
|
548
CSX Corp
CSX
$93B
| $628K | ﹤0.01% |
34,263
-13,065
| -28% | -$231K |
|
549
British American Tobacco
BTI
$133B
| $627K | ﹤0.01% |
9,365
+525
| +6% | +$34.2K |
|
550
Marathon Petroleum
MPC
$91.7B
| $622K | ﹤0.01% |
9,422
-3,485
| -27% | -$213K |
|
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.