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 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$353M |
| 2 |
Televisa
TV
|
+$92.4M |
| 3 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$38.2M |
| 4 |
DST
DST Systems Inc.
DST
|
+$36.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$315M |
| 2 |
CAB
Cabela's Inc
CAB
|
+$56.7M |
| 3 |
NXP Semiconductors
NXPI
|
+$48.7M |
| 4 |
TSMC
TSM
|
+$24.7M |
| 5 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.9% |
| 2 | Technology | 14.05% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 7.69% |
| 5 | Industrials | 6.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Walmart Inc
WMT
$884B
| $356M | 0.62% |
15,430,527
+277,152
| +2% | +$6.47M |
|
52
Infosys
INFY
$48.4B
| $351M | 0.61% |
47,305,348
-1,279,496
| -3% | -$9.6M |
|
53
SLB Ltd
SLB
$72.6B
| $347M | 0.6% |
4,133,047
+83,448
| +2% | +$6.84M |
|
|
FEEU
54
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $338M | 0.59% |
3,851,072
-106,556
| -3% | -$8.86M |
|
55
Lloyds Banking Group
LYG
$90.7B
| $326M | 0.57% |
105,262,445
-2,146,675
| -2% | -$6.28M |
|
|
56
Alphabet (Google) Class C
GOOG
$4.08T
| $326M | 0.57% |
8,443,120
-343,780
| -4% | -$13.4M |
|
|
TTM
57
DELISTED
Tata Motors Limited
TTM
| $309M | 0.54% |
8,999,182
-137,456
| -2% | -$5.07M |
|
|
BF
58
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $302M | 0.53% |
3,246,377
-14,439
| -0.4% | -$1.34M |
|
59
Alibaba
BABA
$279B
| $287M | 0.5% |
3,265,358
-13,271
| -0.4% | -$1.28M |
|
|
SIVB
60
DELISTED
SVB Financial Group
SIVB
| $273M | 0.48% |
1,591,823
-38,305
| -2% | -$5.49M |
|
61
Dr. Reddy's Laboratories
RDY
$9.85B
| $255M | 0.44% |
28,109,490
-375,055
| -1% | -$3.49M |
|
62
JD.com
JD
$43.6B
| $241M | 0.42% |
9,490,632
-114,148
| -1% | -$2.97M |
|
63
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $236M | 0.41% |
2,728,940
+99,616
| +4% | +$8.58M |
|
64
Domino's
DPZ
$11.7B
| $230M | 0.4% |
1,442,326
-37,940
| -3% | -$6.17M |
|
65
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $222M | 0.39% |
4,680,205
-148,889
| -3% | -$7.21M |
|
|
66
Televisa
TV
$1.52B
| $216M | 0.38% |
10,343,900
+4,020,715
| +64% | +$92.4M |
|
67
Credicorp
BAP
$32B
| $202M | 0.35% |
1,281,492
-6,558
| -0.5% | -$1M |
|
|
FIEU
68
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $199M | 0.35% |
2,190,504
-1,792
| -0.1% | -$155K |
|
69
Baidu
BIDU
$36.5B
| $195M | 0.34% |
1,188,024
-28,470
| -2% | -$4.85M |
|
70
America Movil
AMX
$76B
| $183M | 0.32% |
14,568,835
+1,719,510
| +13% | +$20.8M |
|
71
Barclays
BCS
$93.4B
| $172M | 0.3% |
16,551,723
+1,262,230
| +8% | +$11.9M |
|
72
Eli Lilly
LLY
$1.03T
| $170M | 0.3% |
2,314,764
+218,358
| +10% | +$16.3M |
|
73
ASE Group
ASX
$76.3B
| $158M | 0.27% |
31,309,935
+2,461,024
| +9% | +$13.7M |
|
74
iShares MSCI Taiwan ETF
EWT
$9.6B
| $152M | 0.27% |
5,189,671
-1,370
| -0% | -$42.1K |
|
|
PRXL
75
DELISTED
Parexel International Corp
PRXL
| $148M | 0.26% |
2,244,444
-67,575
| -3% | -$4.24M |
|
Similar funds
Ken Fisher's Q4 2016 Portfolio in Review
As of Q4 2016, Ken Fisher held 837 positions worth $57.4B, up 2% from $56.3B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2016 filing shows 61 new, 208 increased, 401 reduced and 54 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M. The largest sale was FI Enhanced Global High Yield Exchange Traded Notes, an estimated $315M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2016 buy was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M.
- Ken Fisher added most to UBS AG FI Enhanced Global High Yield ETN in Q4 2016, an estimated $353M increase.
- Ken Fisher's biggest Q4 2016 reduction was FI Enhanced Global High Yield Exchange Traded Notes, cutting an estimated $315M.
- Ken Fisher fully exited Cabela's Inc in Q4 2016, selling an estimated $56.7M.
- Ken Fisher's ten largest holdings make up 22% of its $57.4B portfolio in Q4 2016.
- Ken Fisher opened 61 new positions and closed 54 in Q4 2016.
- Ken Fisher's portfolio value rose 2% quarter-over-quarter to $57.4B.
Based on Fisher Asset Management's 13F filing for Q4 2016, filed 10 Jan 2017.