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 | |
|---|---|---|---|---|---|---|
601
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.2B
| $359K | ﹤0.01% |
+2,231
| New | +$351K |
|
|
RDS.B
602
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $351K | ﹤0.01% |
+5,137
| New | +$333K |
|
603
Direxion Daily Financial Bull 3x ETF
FAS
$2.44B
| $348K | ﹤0.01% |
+5,088
| New | +$318K |
|
604
TJX Companies
TJX
$176B
| $343K | ﹤0.01% |
+8,978
| New | +$326K |
|
605
Tesla
TSLA
$1.22T
| $338K | ﹤0.01% |
16,275
+4,875
| +43% | +$106K |
|
606
iShares Select Dividend ETF
DVY
$23.6B
| $335K | ﹤0.01% |
+3,400
| New | +$327K |
|
|
EXAS
607
DELISTED
Exact Sciences
EXAS
| $334K | ﹤0.01% |
6,350
| – | – |
|
608
iShares Biotechnology ETF
IBB
$9.52B
| $331K | ﹤0.01% |
3,096
-5,832
| -65% | -$623K |
|
609
Telkom Indonesia
TLK
$14.4B
| $331K | ﹤0.01% |
10,286
| – | – |
|
610
Genuine Parts
GPC
$17.2B
| $322K | ﹤0.01% |
+3,388
| New | +$309K |
|
611
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.23B
| $321K | ﹤0.01% |
+10,109
| New | +$321K |
|
612
Southern Company
SO
$106B
| $321K | ﹤0.01% |
6,672
-316
| -5% | -$16.1K |
|
613
Corning
GLW
$116B
| $316K | ﹤0.01% |
9,873
+1,446
| +17% | +$45.5K |
|
|
MMP
614
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $314K | ﹤0.01% |
4,433
+592
| +15% | +$40.3K |
|
615
SPDR Gold Trust
GLD
$133B
| $309K | ﹤0.01% |
2,496
-6,609
| -73% | -$801K |
|
|
RTN
616
DELISTED
Raytheon Company
RTN
| $308K | ﹤0.01% |
1,637
+536
| +49% | +$100K |
|
617
Eastman Chemical
EMN
$8.01B
| $307K | ﹤0.01% |
3,313
-8
| -0.2% | -$727 |
|
618
Kraft Heinz
KHC
$31.3B
| $305K | ﹤0.01% |
3,919
-1,416
| -27% | -$111K |
|
619
Automatic Data Processing
ADP
$105B
| $303K | ﹤0.01% |
2,585
-2,916
| -53% | -$333K |
|
620
Cummins
CMI
$87.3B
| $303K | ﹤0.01% |
1,714
+52
| +3% | +$8.89K |
|
621
Trinity Industries
TRN
$2.73B
| $297K | ﹤0.01% |
11,019
+879
| +9% | +$21.9K |
|
622
iShares Core S&P Small-Cap ETF
IJR
$110B
| $295K | ﹤0.01% |
3,841
-1,397
| -27% | -$105K |
|
623
VeriSign
VRSN
$25.9B
| $295K | ﹤0.01% |
2,580
| – | – |
|
624
State Street SPDR S&P Capital Markets ETF
KCE
$456M
| $289K | ﹤0.01% |
4,987
-857
| -15% | -$47.1K |
|
625
Tetra Tech
TTEK
$8.42B
| $285K | ﹤0.01% |
+29,575
| New | +$287K |
|
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.