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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.55% |
| 3 | Healthcare | 13.21% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Communication Services | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bank of America
BAC
$433B
| $386M | 0.58% |
15,929,357
-20,254,743
| -56% | -$472M |
|
|
52
Sumitomo Mitsui Financial
SMFG
$164B
| $385M | 0.58% |
+48,974,918
| New | +$364M |
|
53
ExxonMobil
XOM
$651B
| $382M | 0.58% |
4,730,728
+26,923
| +0.6% | +$2.2M |
|
54
AstraZeneca
AZN
$266B
| $378M | 0.57% |
5,540,928
+4,580,382
| +477% | +$299M |
|
55
Infosys
INFY
$48.4B
| $353M | 0.53% |
47,050,556
-269,124
| -0.6% | -$2.02M |
|
56
Baidu
BIDU
$36.5B
| $313M | 0.47% |
1,750,991
+162,555
| +10% | +$29.5M |
|
|
BF
57
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $313M | 0.47% |
3,385,115
+118,577
| +4% | +$11M |
|
58
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $305M | 0.46% |
36,534,142
+36,523,674
| +348,908% | +$295M |
|
59
Citigroup
C
$222B
| $290M | 0.44% |
4,338,665
-4,055,609
| -48% | -$249M |
|
60
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $263M | 0.4% |
2,978,829
+105,737
| +4% | +$9.31M |
|
|
FIEU
61
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $260M | 0.39% |
2,135,057
-24,401
| -1% | -$2.87M |
|
62
Televisa
TV
$1.52B
| $257M | 0.39% |
10,536,430
+105,572
| +1% | +$2.62M |
|
63
ASML
ASML
$634B
| $254M | 0.38% |
1,950,698
+1,369,671
| +236% | +$181M |
|
|
SIVB
64
DELISTED
SVB Financial Group
SIVB
| $253M | 0.38% |
1,441,791
-74,514
| -5% | -$13.3M |
|
65
NetEase
NTES
$84.4B
| $252M | 0.38% |
4,198,695
+2,466,045
| +142% | +$141M |
|
66
Domino's
DPZ
$11.7B
| $248M | 0.37% |
1,174,747
-228,247
| -16% | -$45.1M |
|
67
Eli Lilly
LLY
$1.03T
| $246M | 0.37% |
2,989,521
+408,059
| +16% | +$33.3M |
|
68
America Movil
AMX
$76B
| $241M | 0.36% |
15,117,475
+73,029
| +0.5% | +$1.13M |
|
69
Dr. Reddy's Laboratories
RDY
$9.85B
| $236M | 0.36% |
27,997,170
+234,360
| +0.8% | +$1.91M |
|
70
Goldman Sachs
GS
$302B
| $233M | 0.35% |
1,048,372
-839,995
| -44% | -$187M |
|
71
Credicorp
BAP
$32B
| $231M | 0.35% |
1,289,913
-1,866
| -0.1% | -$312K |
|
72
Alphabet (Google) Class C
GOOG
$4.08T
| $226M | 0.34% |
4,984,640
-3,159,620
| -39% | -$145M |
|
73
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $223M | 0.34% |
4,570,489
-41,512
| -0.9% | -$2.02M |
|
|
ABB
74
DELISTED
ABB Ltd
ABB
| $206M | 0.31% |
8,281,858
+7,582,360
| +1,084% | +$186M |
|
75
Barclays
BCS
$93.4B
| $203M | 0.31% |
20,170,027
+2,418,268
| +14% | +$24.7M |
|
Similar funds
Ken Fisher's Q2 2017 Portfolio in Review
As of Q2 2017, Ken Fisher held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q2 2017 buy was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M.
- Ken Fisher added most to Alibaba in Q2 2017, an estimated $594M increase.
- Ken Fisher's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Ken Fisher fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Ken Fisher's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Ken Fisher opened 104 new positions and closed 75 in Q2 2017.
- Ken Fisher's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.