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 | |
|---|---|---|---|---|---|---|
651
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.2B
| $248K | ﹤0.01% |
+1,864
| New | +$243K |
|
652
Acuity Brands
AYI
$10.1B
| $245K | ﹤0.01% |
+1,391
| New | +$231K |
|
|
DNKN
653
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $245K | ﹤0.01% |
+3,797
| New | +$221K |
|
654
Southwest Airlines
LUV
$22.3B
| $241K | ﹤0.01% |
+3,684
| New | +$217K |
|
655
Pacira BioSciences
PCRX
$1.06B
| $241K | ﹤0.01% |
+5,282
| New | +$209K |
|
656
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.41B
| $240K | ﹤0.01% |
+5,905
| New | +$243K |
|
657
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $240K | ﹤0.01% |
6,325
-1,280
| -17% | -$47.3K |
|
658
Enterprise Products Partners
EPD
$82.5B
| $238K | ﹤0.01% |
8,995
+488
| +6% | +$12.4K |
|
659
Public Service Enterprise Group
PEG
$38.6B
| $238K | ﹤0.01% |
4,613
+56
| +1% | +$2.82K |
|
660
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $237K | ﹤0.01% |
4,744
-3,015
| -39% | -$149K |
|
661
iShares S&P 100 ETF
OEF
$19.9B
| $237K | ﹤0.01% |
1,997
-430
| -18% | -$49.6K |
|
662
Applied Materials
AMAT
$398B
| $236K | ﹤0.01% |
4,622
-1,631
| -26% | -$88.4K |
|
663
Stryker
SYK
$133B
| $236K | ﹤0.01% |
+1,527
| New | +$233K |
|
664
Analog Devices
ADI
$179B
| $235K | ﹤0.01% |
2,641
-305
| -10% | -$27K |
|
665
Cognex
CGNX
$10.4B
| $235K | ﹤0.01% |
+3,836
| New | +$244K |
|
666
iShares US Technology ETF
IYW
$23.5B
| $235K | ﹤0.01% |
+5,776
| New | +$231K |
|
667
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
| $235K | ﹤0.01% |
+4,293
| New | +$231K |
|
668
State Street SPDR Portfolio Europe ETF
SPEU
$732M
| $230K | ﹤0.01% |
+6,393
| New | +$227K |
|
669
Fortive
FTV
$17.7B
| $228K | ﹤0.01% |
+5,005
| New | +$229K |
|
670
Shopify
SHOP
$159B
| $228K | ﹤0.01% |
22,550
+2,550
| +13% | +$26.1K |
|
|
PFNX
671
DELISTED
Pfenex Inc.
PFNX
| $228K | ﹤0.01% |
85,644
| – | – |
|
|
MON
672
DELISTED
Monsanto Co
MON
| $227K | ﹤0.01% |
1,945
+83
| +4% | +$9.88K |
|
673
Estee Lauder
EL
$30.7B
| $226K | ﹤0.01% |
+1,777
| New | +$213K |
|
674
Hewlett Packard
HPE
$62.4B
| $226K | ﹤0.01% |
15,758
-3,288
| -17% | -$46.7K |
|
675
Invesco S&P 500 Equal Weight ETF
RSP
$97.2B
| $226K | ﹤0.01% |
+2,234
| New | +$219K |
|
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.