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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Walmart Inc
WMT
$884B
| $364M | 0.65% |
15,153,375
+360,960
| +2% | +$8.76M |
|
|
FEEU
52
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $356M | 0.63% |
3,957,628
-3,007,589
| -43% | -$267M |
|
53
Alibaba
BABA
$279B
| $347M | 0.62% |
3,278,629
+56,618
| +2% | +$5.25M |
|
54
Alphabet (Google) Class C
GOOG
$4.08T
| $341M | 0.61% |
8,786,900
-319,400
| -4% | -$12.1M |
|
|
FIEG
55
DELISTED
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
| $329M | 0.58% |
2,489,004
-105,471
| -4% | -$13.8M |
|
56
SLB Ltd
SLB
$72.6B
| $318M | 0.57% |
4,049,599
-163,583
| -4% | -$13M |
|
|
57
Goldman Sachs
GS
$302B
| $318M | 0.56% |
1,971,845
+1,723,214
| +693% | +$280M |
|
|
58
Lloyds Banking Group
LYG
$90.7B
| $308M | 0.55% |
107,409,120
+23,821,430
| +28% | +$70.8M |
|
|
BF
59
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $279M | 0.5% |
3,260,816
+11,066
| +0.3% | +$947K |
|
60
Dr. Reddy's Laboratories
RDY
$9.85B
| $264M | 0.47% |
28,484,545
+2,349,425
| +9% | +$22.4M |
|
61
JD.com
JD
$43.6B
| $251M | 0.44% |
9,604,780
+1,484,077
| +18% | +$35.8M |
|
62
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $242M | 0.43% |
4,829,094
-123,849
| -3% | -$6.23M |
|
63
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $229M | 0.41% |
2,629,324
-165,846
| -6% | -$14.3M |
|
64
Domino's
DPZ
$11.7B
| $225M | 0.4% |
1,480,266
+4,953
| +0.3% | +$723K |
|
65
Baidu
BIDU
$36.5B
| $221M | 0.39% |
1,216,494
+29,280
| +2% | +$5.07M |
|
|
FIEU
66
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $203M | 0.36% |
2,192,296
-731,028
| -25% | -$67.4M |
|
67
Credicorp
BAP
$32B
| $196M | 0.35% |
1,288,050
-121
| -0% | -$19.1K |
|
|
SIVB
68
DELISTED
SVB Financial Group
SIVB
| $180M | 0.32% |
1,630,128
-6,720
| -0.4% | -$700K |
|
|
69
NXP Semiconductors
NXPI
$61.8B
| $175M | 0.31% |
1,719,763
+922,990
| +116% | +$78.2M |
|
70
ASE Group
ASX
$76.3B
| $170M | 0.3% |
28,848,911
+47,314
| +0.2% | +$279K |
|
71
Eli Lilly
LLY
$1.03T
| $168M | 0.3% |
2,096,406
+111,494
| +6% | +$8.92M |
|
72
iShares MSCI Taiwan ETF
EWT
$9.6B
| $163M | 0.29% |
5,191,041
-74,800
| -1% | -$2.26M |
|
73
Televisa
TV
$1.52B
| $162M | 0.29% |
6,323,185
+1,853,515
| +41% | +$48.9M |
|
|
PRXL
74
DELISTED
Parexel International Corp
PRXL
| $161M | 0.29% |
2,312,019
-24,983
| -1% | -$1.69M |
|
|
FIHD
75
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $153M | 0.27% |
1,199,042
+377,690
| +46% | +$47.3M |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.