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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FIEG
51
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $279M | 0.58% |
2,705,487
+287,493
| +12% | +$32.5M |
|
|
52
Trip.com Group
TCOM
$29.3B
| $256M | 0.53% |
8,116,812
+1,639,002
| +25% | +$57M |
|
|
CS
53
DELISTED
Credit Suisse Group
CS
| $250M | 0.52% |
10,392,193
+309,083
| +3% | +$8.49M |
|
|
FIEU
54
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $245M | 0.51% |
2,553,181
+245,507
| +11% | +$27.3M |
|
|
SI
55
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $226M | 0.47% |
2,531,578
+26,076
| +1% | +$2.33M |
|
56
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $221M | 0.46% |
4,583,399
+281,132
| +7% | +$13.4M |
|
|
57
Chevron
CVX
$383B
| $207M | 0.43% |
2,623,505
-908,439
| -26% | -$76.5M |
|
58
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $193M | 0.4% |
2,314,374
-22,680
| -1% | -$1.97M |
|
|
TTM
59
DELISTED
Tata Motors Limited
TTM
| $183M | 0.38% |
8,123,419
-53,908
| -0.7% | -$1.48M |
|
|
BF
60
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $166M | 0.35% |
2,172,689
+910
| +0% | +$69.4K |
|
|
SIVB
61
DELISTED
SVB Financial Group
SIVB
| $163M | 0.34% |
1,413,959
-40,911
| -3% | -$5.48M |
|
62
Domino's
DPZ
$11.7B
| $163M | 0.34% |
1,506,522
-79,975
| -5% | -$8.89M |
|
|
PRXL
63
DELISTED
Parexel International Corp
PRXL
| $148M | 0.31% |
2,393,327
-38,523
| -2% | -$2.59M |
|
64
Baidu
BIDU
$36.5B
| $132M | 0.27% |
957,606
+24,793
| +3% | +$4.09M |
|
65
iShares MSCI Taiwan ETF
EWT
$9.6B
| $129M | 0.27% |
4,896,572
+113,730
| +2% | +$3.2M |
|
|
ABB
66
DELISTED
ABB Ltd
ABB
| $124M | 0.26% |
7,028,213
-2,301
| -0% | -$44.8K |
|
67
Credicorp
BAP
$32B
| $120M | 0.25% |
1,128,705
+19,675
| +2% | +$2.38M |
|
|
68
Alibaba
BABA
$279B
| $119M | 0.25% |
2,026,085
+719,477
| +55% | +$52.3M |
|
69
Prudential
PUK
$38.5B
| $115M | 0.24% |
2,811,914
+622,597
| +28% | +$27.7M |
|
70
East-West Bancorp
EWBC
$17.9B
| $112M | 0.23% |
2,912,285
-91,200
| -3% | -$3.85M |
|
|
HPY
71
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $109M | 0.23% |
1,724,598
-56,170
| -3% | -$3.34M |
|
72
Steris
STE
$22.5B
| $105M | 0.22% |
1,620,543
+7,292
| +0.5% | +$482K |
|
73
Eli Lilly
LLY
$1.03T
| $104M | 0.22% |
1,239,408
+210,378
| +20% | +$17.8M |
|
|
EMBJ
74
Embraer S.A. ADS
EMBJ
$12.1B
| $99.1M | 0.21% |
3,875,295
+97,426
| +3% | +$2.65M |
|
|
PACW
75
DELISTED
PacWest Bancorp
PACW
| $93.1M | 0.19% |
2,175,373
-15,771
| -0.7% | -$707K |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.