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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
America Movil
AMX
$76B
| $147M | 0.26% |
12,849,325
+1,443,390
| +13% | +$17.2M |
|
77
Ambev
ABEV
$48.2B
| $145M | 0.26% |
23,819,841
+67,881
| +0.3% | +$406K |
|
78
ScottsMiracle-Gro
SMG
$3.97B
| $128M | 0.23% |
1,540,586
+56,027
| +4% | +$4.42M |
|
79
Barclays
BCS
$93.4B
| $125M | 0.22% |
15,289,493
-9,509,720
| -38% | -$75.1M |
|
|
FNSR
80
DELISTED
Finisar Corp
FNSR
| $125M | 0.22% |
4,182,661
+60,102
| +1% | +$1.31M |
|
81
Steris
STE
$22.5B
| $120M | 0.21% |
1,639,312
+16,808
| +1% | +$1.19M |
|
82
East-West Bancorp
EWBC
$17.9B
| $107M | 0.19% |
2,909,655
+13,089
| +0.5% | +$461K |
|
|
AZPN
83
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $105M | 0.19% |
2,248,456
-20,718
| -0.9% | -$969K |
|
84
Ingredion
INGR
$6.33B
| $102M | 0.18% |
766,058
+1,549
| +0.2% | +$207K |
|
|
HRC
85
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $101M | 0.18% |
1,627,296
+50,761
| +3% | +$2.86M |
|
86
Petrobras
PBR
$123B
| $99.4M | 0.18% |
10,654,144
-148,932
| -1% | -$1.31M |
|
|
87
Capital One
COF
$129B
| $99.4M | 0.18% |
1,383,441
+1,188,001
| +608% | +$81.6M |
|
88
NETSCOUT
NTCT
$2.91B
| $98.9M | 0.18% |
3,380,380
+32,847
| +1% | +$901K |
|
89
Webster Financial
WBS
$12.5B
| $97.1M | 0.17% |
2,554,522
+20,271
| +0.8% | +$746K |
|
|
NUVA
90
DELISTED
NuVasive, Inc.
NUVA
| $94.8M | 0.17% |
1,422,585
+9,724
| +0.7% | +$619K |
|
91
Raymond James Financial
RJF
$33.6B
| $93.4M | 0.17% |
2,406,015
+26,452
| +1% | +$975K |
|
|
PACW
92
DELISTED
PacWest Bancorp
PACW
| $91.8M | 0.16% |
2,138,929
-696
| -0% | -$29K |
|
93
West Pharmaceutical
WST
$23.9B
| $91.1M | 0.16% |
1,222,462
-13,388
| -1% | -$1.06M |
|
94
ICICI Bank
IBN
$109B
| $86.8M | 0.15% |
12,789,054
-924,841
| -7% | -$6.45M |
|
|
SF
95
Stifel
SF
$12.5B
| $85.5M | 0.15% |
5,003,982
+150,660
| +3% | +$2.42M |
|
96
Toro Company
TTC
$8.72B
| $85M | 0.15% |
1,815,332
+35,992
| +2% | +$1.68M |
|
97
Canadian National Railway
CNI
$76.9B
| $81.7M | 0.15% |
1,249,350
+233,644
| +23% | +$14.8M |
|
98
Smith & Nephew
SNN
$13.6B
| $81.3M | 0.14% |
2,479,137
+58,181
| +2% | +$1.95M |
|
|
VRNT
99
DELISTED
Verint Systems
VRNT
| $80.4M | 0.14% |
4,195,078
+169,189
| +4% | +$3.05M |
|
|
LSI
100
DELISTED
Life Storage, Inc.
LSI
| $80M | 0.14% |
1,349,042
+49,740
| +4% | +$3.18M |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.