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 | Miscellaneous | 29.04% |
| 2 | Financials | 17.49% |
| 3 | Technology | 14.07% |
| 4 | Healthcare | 12.16% |
| 5 | Consumer Discretionary | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
NextEra Energy
NEE
$172B
| $613K | ﹤0.01% |
15,708
+3,688
| +31% | +$142K |
|
552
iShares MSCI Germany ETF
EWG
$1.71B
| $605K | ﹤0.01% |
18,330
-15,248
| -45% | -$502K |
|
553
Hartford Financial Services
HIG
$36.9B
| $605K | ﹤0.01% |
10,756
+330
| +3% | +$18.4K |
|
554
Starbucks
SBUX
$113B
| $604K | ﹤0.01% |
10,513
+3,761
| +56% | +$213K |
|
555
Emerson Electric
EMR
$84.9B
| $602K | ﹤0.01% |
8,642
+3,996
| +86% | +$259K |
|
|
DISCK
556
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $597K | ﹤0.01% |
28,208
-650
| -2% | -$12K |
|
557
Illinois Tool Works
ITW
$76.4B
| $585K | ﹤0.01% |
3,504
+497
| +17% | +$79.3K |
|
558
iShares Russell 2000 Value ETF
IWN
$14.3B
| $582K | ﹤0.01% |
4,626
+80
| +2% | +$10K |
|
559
BBVA Argentina
BBAR
$3.04B
| $564K | ﹤0.01% |
22,387
-560
| -2% | -$12.4K |
|
560
iShares US Healthcare ETF
IYH
$3.57B
| $559K | ﹤0.01% |
16,050
+10,190
| +174% | +$354K |
|
561
Regeneron Pharmaceuticals
REGN
$80.5B
| $551K | ﹤0.01% |
1,465
-109
| -7% | -$44.1K |
|
562
DHI Group
DHX
$197M
| $539K | ﹤0.01% |
283,669
| – | – |
|
563
iShares MSCI EAFE Small-Cap ETF
SCZ
$13B
| $539K | ﹤0.01% |
+8,361
| New | +$526K |
|
564
iShares California Muni Bond ETF
CMF
$4.55B
| $536K | ﹤0.01% |
9,068
+114
| +1% | +$6.75K |
|
565
Agilent Technologies
A
$41.4B
| $519K | ﹤0.01% |
7,749
-1,744
| -18% | -$118K |
|
566
Danaher
DHR
$141B
| $516K | ﹤0.01% |
6,272
+468
| +8% | +$38.1K |
|
567
Becton Dickinson
BDX
$48.4B
| $506K | ﹤0.01% |
2,421
+22
| +0.9% | +$4.61K |
|
568
Netflix
NFLX
$322B
| $494K | ﹤0.01% |
25,750
+4,640
| +22% | +$89.3K |
|
569
iShares Preferred and Income Securities ETF
PFF
$12.8B
| $488K | ﹤0.01% |
12,828
+3,708
| +41% | +$142K |
|
570
Mondelez International
MDLZ
$79.7B
| $480K | ﹤0.01% |
11,208
+1,473
| +15% | +$61.8K |
|
571
Broadcom
AVGO
$1.73T
| $478K | ﹤0.01% |
+18,590
| New | +$483K |
|
572
iShares MSCI Emerging Markets ETF
EEM
$31.5B
| $476K | ﹤0.01% |
+10,105
| New | +$468K |
|
573
NVIDIA
NVDA
$5.27T
| $474K | ﹤0.01% |
+98,040
| New | +$487K |
|
574
Phillips 66
PSX
$104B
| $461K | ﹤0.01% |
4,553
+1,159
| +34% | +$110K |
|
|
HOLX
575
DELISTED
Hologic
HOLX
| $455K | ﹤0.01% |
10,638
-1,587
| -13% | -$63.3K |
|
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 Miscellaneous at 29% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
- 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.