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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JAH
76
DELISTED
JARDEN CORPORATION
JAH
| $92.8M | 0.19% |
1,899,074
-53,834
| -3% | -$2.85M |
|
77
Webster Financial
WBS
$12.5B
| $92.6M | 0.19% |
2,597,569
-82,761
| -3% | -$3.08M |
|
78
ASE Group
ASX
$76.5B
| $91M | 0.19% |
16,570,251
+1,309,581
| +9% | +$7.2M |
|
|
RYL
79
DELISTED
RYLAND GROUP INC
RYL
| $90.9M | 0.19% |
2,227,105
-22,413
| -1% | -$999K |
|
80
Televisa
TV
$1.52B
| $89.8M | 0.19% |
3,449,473
+118,533
| +4% | +$3.8M |
|
81
ScottsMiracle-Gro
SMG
$3.97B
| $89.6M | 0.19% |
1,473,653
-29,885
| -2% | -$1.85M |
|
|
AZPN
82
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $87.3M | 0.18% |
2,303,625
-37,065
| -2% | -$1.41M |
|
83
ICICI Bank
IBN
$109B
| $86.7M | 0.18% |
11,374,551
+93,040
| +0.8% | +$794K |
|
|
HRC
84
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $82.9M | 0.17% |
1,595,040
-52,197
| -3% | -$2.82M |
|
|
LSI
85
DELISTED
Life Storage, Inc.
LSI
| $80.5M | 0.17% |
1,280,853
-38,633
| -3% | -$2.39M |
|
|
UMPQ
86
DELISTED
Umpqua Holdings Corp
UMPQ
| $79.1M | 0.16% |
4,852,037
+214,854
| +5% | +$3.7M |
|
87
Raymond James Financial
RJF
$33.6B
| $77.8M | 0.16% |
2,352,131
-72,573
| -3% | -$2.69M |
|
88
Smith & Nephew
SNN
$13.6B
| $76.7M | 0.16% |
2,190,240
+107,134
| +5% | +$3.82M |
|
|
PMCS
89
DELISTED
P M C SIERRA INC
PMCS
| $76.3M | 0.16% |
11,275,609
-387,385
| -3% | -$2.63M |
|
90
Chemed
CHE
$7.1B
| $73.9M | 0.15% |
553,954
-21,631
| -4% | -$3.03M |
|
|
CADE
91
DELISTED
Cadence Bank
CADE
| $71.5M | 0.15% |
3,006,898
-170,415
| -5% | -$4.2M |
|
92
Wintrust Financial
WTFC
$10.8B
| $70.3M | 0.15% |
1,315,924
-44,554
| -3% | -$2.36M |
|
93
Henry Schein
HSIC
$9.7B
| $68.3M | 0.14% |
1,312,391
-34,376
| -3% | -$1.9M |
|
|
NUVA
94
DELISTED
NuVasive, Inc.
NUVA
| $68.2M | 0.14% |
1,414,482
-109,850
| -7% | -$5.68M |
|
95
West Pharmaceutical
WST
$23.9B
| $67.6M | 0.14% |
1,249,108
-43,094
| -3% | -$2.51M |
|
|
WDR
96
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $67M | 0.14% |
1,928,072
-155,384
| -7% | -$6.42M |
|
97
Ingredion
INGR
$6.33B
| $65.5M | 0.14% |
750,032
-22,310
| -3% | -$1.91M |
|
|
KSU
98
DELISTED
Kansas City Southern
KSU
| $64.5M | 0.13% |
710,144
-29,255
| -4% | -$2.76M |
|
|
FEIC
99
DELISTED
FEI COMPANY
FEIC
| $64.5M | 0.13% |
883,112
+15,595
| +2% | +$1.23M |
|
100
RLJ Lodging Trust
RLJ
$1.87B
| $64.3M | 0.13% |
2,542,610
-90,767
| -3% | -$2.62M |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.