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 |
Walmart Inc
WMT
|
+$323M |
| 2 |
JD.com
JD
|
+$141M |
| 3 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$90.2M |
| 4 |
America Movil
AMX
|
+$62.6M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$60.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$351M |
| 2 |
EMBJ
Embraer S.A. ADS
EMBJ
|
+$104M |
| 3 |
FEIC
FEI COMPANY
FEIC
|
+$39.1M |
| 4 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$36.1M |
| 5 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$28.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.08% |
| 2 | Healthcare | 14.41% |
| 3 | Technology | 13.36% |
| 4 | Consumer Discretionary | 8.06% |
| 5 | Industrials | 6.42% |
| 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
| $334M | 0.62% |
2,594,475
-149,235
| -5% | -$18.3M |
|
|
TTM
52
DELISTED
Tata Motors Limited
TTM
| $331M | 0.62% |
9,138,984
+350,323
| +4% | +$11M |
|
53
SLB Ltd
SLB
$72.6B
| $329M | 0.61% |
4,213,182
-60,488
| -1% | -$4.64M |
|
54
Alphabet (Google) Class C
GOOG
$4.08T
| $326M | 0.6% |
9,106,300
-419,000
| -4% | -$15M |
|
55
Dr. Reddy's Laboratories
RDY
$9.85B
| $285M | 0.53% |
26,135,120
+2,258,395
| +9% | +$20.7M |
|
56
Alibaba
BABA
$279B
| $262M | 0.49% |
3,222,011
+140,787
| +5% | +$11M |
|
|
FIEU
57
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $258M | 0.48% |
2,923,324
-130,598
| -4% | -$11.9M |
|
58
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $251M | 0.47% |
4,952,943
+95,620
| +2% | +$4.77M |
|
|
BF
59
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $247M | 0.46% |
3,249,750
+77,695
| +2% | +$5.91M |
|
60
Lloyds Banking Group
LYG
$90.7B
| $240M | 0.45% |
83,587,690
-684,325
| -0.8% | -$2.68M |
|
61
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $239M | 0.44% |
2,795,170
+220,451
| +9% | +$18.3M |
|
62
Credicorp
BAP
$32B
| $203M | 0.38% |
1,288,171
+61,509
| +5% | +$8.81M |
|
63
Domino's
DPZ
$11.7B
| $201M | 0.37% |
1,475,313
-1,846
| -0.1% | -$235K |
|
64
Baidu
BIDU
$36.5B
| $198M | 0.37% |
1,187,214
+128,026
| +12% | +$22.5M |
|
65
Barclays
BCS
$93.4B
| $178M | 0.33% |
24,799,213
+1,739,596
| +8% | +$15.6M |
|
|
66
JD.com
JD
$43.6B
| $177M | 0.33% |
8,120,703
+5,851,457
| +258% | +$141M |
|
67
ASE Group
ASX
$76.3B
| $159M | 0.3% |
28,801,597
+2,306,612
| +9% | +$12.2M |
|
|
SIVB
68
DELISTED
SVB Financial Group
SIVB
| $157M | 0.29% |
1,636,848
+20,874
| +1% | +$2.14M |
|
69
Eli Lilly
LLY
$1.03T
| $157M | 0.29% |
1,984,912
+238,524
| +14% | +$18M |
|
|
PRXL
70
DELISTED
Parexel International Corp
PRXL
| $155M | 0.29% |
2,337,002
+21
| +0% | +$1.3K |
|
71
iShares MSCI Taiwan ETF
EWT
$9.6B
| $151M | 0.28% |
5,265,841
+385,018
| +8% | +$10.3M |
|
|
72
America Movil
AMX
$76B
| $140M | 0.26% |
11,405,935
+4,673,804
| +69% | +$62.6M |
|
73
Ambev
ABEV
$48.2B
| $138M | 0.26% |
23,751,960
+1,576,979
| +7% | +$8.47M |
|
74
Televisa
TV
$1.52B
| $116M | 0.22% |
4,469,670
+526,085
| +13% | +$13.9M |
|
75
Steris
STE
$22.5B
| $112M | 0.21% |
1,622,504
+8,584
| +0.5% | +$601K |
|
Similar funds
Ken Fisher's Q2 2016 Portfolio in Review
As of Q2 2016, Ken Fisher held 787 positions worth $53.9B, up 2.4% from $52.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2016 filing shows 43 new, 284 increased, 281 reduced and 42 closed positions. Its largest new stake was DST Systems Inc.: 280,332 shares worth $16.9M. The largest sale was Amazon, an estimated $351M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q2 2016 buy was DST Systems Inc.: 280,332 shares worth $16.9M.
- Ken Fisher added most to Walmart Inc in Q2 2016, an estimated $323M increase.
- Ken Fisher's biggest Q2 2016 reduction was Amazon, cutting an estimated $351M.
- Ken Fisher fully exited Embraer S.A. ADS in Q2 2016, selling an estimated $104M.
- Ken Fisher's ten largest holdings make up 23% of its $53.9B portfolio in Q2 2016.
- Ken Fisher opened 43 new positions and closed 42 in Q2 2016.
- Ken Fisher's portfolio value rose 2.4% quarter-over-quarter to $53.9B.
Based on Fisher Asset Management's 13F filing for Q2 2016, filed 12 Jul 2016.