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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bank of America
BAC
$433B
| $413M | 0.58% |
16,299,318
+369,961
| +2% | +$8.98M |
|
52
ExxonMobil
XOM
$651B
| $406M | 0.57% |
4,953,248
+222,520
| +5% | +$17.7M |
|
53
AstraZeneca
AZN
$266B
| $393M | 0.55% |
5,800,787
+259,859
| +5% | +$16.4M |
|
54
Sumitomo Mitsui Financial
SMFG
$164B
| $392M | 0.55% |
50,794,116
+1,819,198
| +4% | +$13.9M |
|
55
JD.com
JD
$43.6B
| $382M | 0.54% |
10,001,176
-189,054
| -2% | -$8.09M |
|
|
BF
56
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $369M | 0.52% |
3,465,104
+79,989
| +2% | +$8.51M |
|
57
ASML
ASML
$634B
| $346M | 0.48% |
2,018,226
+67,528
| +3% | +$10.3M |
|
58
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $344M | 0.48% |
38,597,989
+2,063,847
| +6% | +$18.3M |
|
59
Infosys
INFY
$48.4B
| $329M | 0.46% |
45,120,172
-1,930,384
| -4% | -$14.6M |
|
60
Citigroup
C
$222B
| $325M | 0.46% |
4,474,546
+135,881
| +3% | +$9.28M |
|
|
FIEU
61
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $283M | 0.4% |
2,118,252
-16,805
| -0.8% | -$2.12M |
|
|
SIVB
62
DELISTED
SVB Financial Group
SIVB
| $270M | 0.38% |
1,440,833
-958
| -0.1% | -$168K |
|
63
Eli Lilly
LLY
$1.03T
| $266M | 0.37% |
3,109,012
+119,491
| +4% | +$9.8M |
|
|
64
Itaú Unibanco
ITUB
$93B
| $265M | 0.37% |
39,913,211
+15,404,525
| +63% | +$94.1M |
|
65
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $265M | 0.37% |
2,981,464
+2,635
| +0.1% | +$233K |
|
66
Credicorp
BAP
$32B
| $258M | 0.36% |
1,259,671
-30,242
| -2% | -$5.94M |
|
67
America Movil
AMX
$76B
| $257M | 0.36% |
14,465,253
-652,222
| -4% | -$11.7M |
|
|
68
Banco Bradesco
BBD
$37.9B
| $255M | 0.36% |
40,460,812
+16,887,092
| +72% | +$98.1M |
|
69
Televisa
TV
$1.52B
| $246M | 0.34% |
9,958,427
-578,003
| -5% | -$14.9M |
|
70
Goldman Sachs
GS
$302B
| $236M | 0.33% |
993,216
-55,156
| -5% | -$12.4M |
|
71
Alphabet (Google) Class C
GOOG
$4.08T
| $234M | 0.33% |
4,881,720
-102,920
| -2% | -$4.79M |
|
72
Domino's
DPZ
$11.7B
| $230M | 0.32% |
1,160,101
-14,646
| -1% | -$2.85M |
|
73
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $222M | 0.31% |
4,545,517
-24,972
| -0.5% | -$1.23M |
|
74
NetEase
NTES
$84.4B
| $221M | 0.31% |
4,195,265
-3,430
| -0.1% | -$197K |
|
|
ABB
75
DELISTED
ABB Ltd
ABB
| $214M | 0.3% |
8,658,635
+376,777
| +5% | +$9.01M |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.