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 |
Costco
COST
|
+$384M |
| 2 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$293M |
| 3 |
Walmart Inc
WMT
|
+$242M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$220M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$436M |
| 2 |
Home Depot
HD
|
+$261M |
| 3 |
Walt Disney
DIS
|
+$236M |
| 4 |
JPMorgan Chase
JPM
|
+$230M |
| 5 |
Comcast
CMCSA
|
+$219M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.23% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 11.95% |
| 4 | Consumer Discretionary | 8.3% |
| 5 | Consumer Staples | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
AstraZeneca
AZN
$266B
| $414M | 0.54% |
5,958,666
+157,879
| +3% | +$10.6M |
|
52
Merck
MRK
$321B
| $413M | 0.54% |
7,700,884
+58,538
| +0.8% | +$3.25M |
|
|
BF
53
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $389M | 0.51% |
14,122,014
+10,656,910
| +308% | +$293M |
|
54
GE Aerospace
GE
$368B
| $373M | 0.49% |
4,459,102
-53,705
| -1% | -$5.13M |
|
55
ASML
ASML
$634B
| $361M | 0.47% |
2,075,281
+57,055
| +3% | +$10.1M |
|
56
Infosys
INFY
$48.4B
| $359M | 0.47% |
44,284,008
-836,164
| -2% | -$6.36M |
|
57
Citigroup
C
$222B
| $345M | 0.45% |
4,630,864
+156,318
| +3% | +$11.6M |
|
58
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $342M | 0.45% |
40,272,168
+1,674,179
| +4% | +$14.3M |
|
59
Itaú Unibanco
ITUB
$93B
| $337M | 0.44% |
53,423,437
+13,510,226
| +34% | +$86.2M |
|
|
SIVB
60
DELISTED
SVB Financial Group
SIVB
| $330M | 0.43% |
1,410,613
-30,220
| -2% | -$6.44M |
|
61
NetEase
NTES
$84.4B
| $323M | 0.42% |
4,684,465
+489,200
| +12% | +$30.6M |
|
62
Banco Bradesco
BBD
$37.9B
| $323M | 0.42% |
55,378,958
+14,918,146
| +37% | +$89.4M |
|
|
63
Comcast
CMCSA
$84B
| $317M | 0.41% |
7,904,035
-5,815,649
| -42% | -$219M |
|
|
FIEU
64
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $288M | 0.38% |
2,099,297
-18,955
| -0.9% | -$2.53M |
|
65
Eli Lilly
LLY
$1.03T
| $280M | 0.37% |
3,309,599
+200,587
| +6% | +$17.1M |
|
66
Credicorp
BAP
$32B
| $269M | 0.35% |
1,295,694
+36,023
| +3% | +$7.47M |
|
67
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $261M | 0.34% |
2,985,465
+4,001
| +0.1% | +$351K |
|
68
America Movil
AMX
$76B
| $250M | 0.33% |
14,584,647
+119,394
| +0.8% | +$2.08M |
|
69
Alphabet (Google) Class C
GOOG
$4.08T
| $247M | 0.32% |
4,727,500
-154,220
| -3% | -$7.85M |
|
70
Barclays
BCS
$93.4B
| $247M | 0.32% |
23,694,012
+2,089,312
| +10% | +$20.3M |
|
|
ABB
71
DELISTED
ABB Ltd
ABB
| $246M | 0.32% |
9,173,754
+515,119
| +6% | +$13.2M |
|
|
FLEU
72
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
| $243M | 0.32% |
1,526,118
+412,561
| +37% | +$64M |
|
|
73
Walt Disney
DIS
$167B
| $234M | 0.31% |
2,177,690
-2,288,988
| -51% | -$236M |
|
74
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $223M | 0.29% |
4,556,683
+11,166
| +0.2% | +$546K |
|
|
UN
75
DELISTED
Unilever NV New York Registry Shares
UN
| $217M | 0.28% |
3,860,177
+3,822,405
| +10,120% | +$220M |
|
Similar funds
Ken Fisher's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Fisher held 984 positions worth $76.6B, up 7.4% from $71.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q4 2017 filing shows 141 new, 329 increased, 331 reduced and 62 closed positions. Its largest new stake was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M. The largest sale was Bank of America, an estimated $436M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2017 buy was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M.
- Ken Fisher added most to Costco in Q4 2017, an estimated $384M increase.
- Ken Fisher's biggest Q4 2017 reduction was Bank of America, cutting an estimated $436M.
- Ken Fisher fully exited Harley-Davidson in Q4 2017, selling an estimated $4.17M.
- Ken Fisher's ten largest holdings make up 24% of its $76.6B portfolio in Q4 2017.
- Ken Fisher opened 141 new positions and closed 62 in Q4 2017.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $76.6B.
Based on Fisher Asset Management's 13F filing for Q4 2017, filed 24 Jan 2018.