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 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$1.49B |
| 2 |
FFEU
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
|
+$423M |
| 3 |
SLB Ltd
SLB
|
+$408M |
| 4 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$340M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$180M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$1.59B |
| 2 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$464M |
| 3 |
Citigroup
C
|
+$340M |
| 4 |
American Express
AXP
|
+$206M |
| 5 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.58% |
| 2 | Technology | 14.9% |
| 3 | Healthcare | 12.05% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Consumer Staples | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$322B
| $417M | 0.55% |
8,015,374
+314,490
| +4% | +$17M |
|
52
Itaú Unibanco
ITUB
$93.2B
| $409M | 0.54% |
54,012,723
+589,286
| +1% | +$4.41M |
|
53
ExxonMobil
XOM
$644B
| $398M | 0.53% |
5,327,879
+313,805
| +6% | +$25.1M |
|
54
Infosys
INFY
$48.7B
| $389M | 0.52% |
43,600,248
-683,760
| -2% | -$6.06M |
|
55
Baidu
BIDU
$37.7B
| $386M | 0.51% |
1,728,316
-42,160
| -2% | -$10.4M |
|
56
Banco Bradesco
BBD
$39.3B
| $383M | 0.51% |
56,628,917
+1,249,959
| +2% | +$8.34M |
|
|
57
SLB Ltd
SLB
$73.6B
| $380M | 0.5% |
5,868,964
+5,842,253
| +21,872% | +$408M |
|
|
BF
58
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $363M | 0.48% |
14,301,464
+179,450
| +1% | +$4.55M |
|
|
RDS.A
59
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $334M | 0.44% |
5,240,174
+5,165,690
| +6,935% | +$340M |
|
60
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $332M | 0.44% |
42,001,734
+1,729,566
| +4% | +$14.9M |
|
|
SIVB
61
DELISTED
SVB Financial Group
SIVB
| $319M | 0.42% |
1,328,087
-82,526
| -6% | -$20.7M |
|
|
62
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
| $315M | 0.42% |
3,716,263
+2,101,400
| +130% | +$180M |
|
63
GE Aerospace
GE
$374B
| $307M | 0.41% |
4,751,824
+292,722
| +7% | +$21.7M |
|
64
Barclays
BCS
$92.7B
| $294M | 0.39% |
26,002,472
+2,308,460
| +10% | +$25.2M |
|
65
Credicorp
BAP
$31.8B
| $291M | 0.39% |
1,282,583
-13,111
| -1% | -$2.91M |
|
|
FLEU
66
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
| $284M | 0.38% |
1,937,453
+411,335
| +27% | +$65.1M |
|
67
Comcast
CMCSA
$85B
| $280M | 0.37% |
8,208,377
+304,342
| +4% | +$11.8M |
|
68
America Movil
AMX
$76.1B
| $277M | 0.37% |
14,517,523
-67,124
| -0.5% | -$1.24M |
|
69
Eli Lilly
LLY
$1.02T
| $273M | 0.36% |
3,529,211
+219,612
| +7% | +$17.7M |
|
|
FIEU
70
DELISTED
FI Enhanced Europe 50 ETN
FIEU
| $264M | 0.35% |
2,077,199
-22,098
| -1% | -$3.01M |
|
71
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $261M | 0.35% |
3,046,254
+60,789
| +2% | +$5.25M |
|
72
NetEase
NTES
$85.3B
| $257M | 0.34% |
4,585,895
-98,570
| -2% | -$6.19M |
|
73
Domino's
DPZ
$11.5B
| $244M | 0.32% |
1,043,928
-92,854
| -8% | -$20.2M |
|
74
Alphabet (Google) Class C
GOOG
$4.36T
| $237M | 0.31% |
4,587,860
-139,640
| -3% | -$7.71M |
|
75
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $231M | 0.31% |
4,813,861
+257,178
| +6% | +$12.4M |
|
Similar funds
Ken Fisher's Q1 2018 Portfolio in Review
As of Q1 2018, Ken Fisher held 991 positions worth $75.4B, down 1.5% from $76.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2018 filing shows 69 new, 261 increased, 401 reduced and 162 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B. The largest sale was Barclays ETN+ FI Enhanced Global High Yield ETN, an estimated $1.59B.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2018 buy was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B.
- Ken Fisher added most to SLB Ltd in Q1 2018, an estimated $408M increase.
- Ken Fisher's biggest Q1 2018 reduction was Barclays ETN+ FI Enhanced Global High Yield ETN, cutting an estimated $1.59B.
- Ken Fisher fully exited CalAtlantic Group, Inc. in Q1 2018, selling an estimated $123M.
- Ken Fisher's ten largest holdings make up 26% of its $75.4B portfolio in Q1 2018.
- Ken Fisher opened 69 new positions and closed 162 in Q1 2018.
- Ken Fisher's portfolio value fell 1.5% quarter-over-quarter to $75.4B.
Based on Fisher Asset Management's 13F filing for Q1 2018, filed 19 Apr 2018.