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 | |
|---|---|---|---|---|---|---|
76
Domino's
DPZ
$11.7B
| $215M | 0.28% |
1,136,782
-23,319
| -2% | -$4.32M |
|
77
ASE Group
ASX
$76.3B
| $204M | 0.27% |
31,437,341
+864,217
| +3% | +$5.47M |
|
78
Dr. Reddy's Laboratories
RDY
$9.85B
| $203M | 0.27% |
27,075,085
-266,375
| -1% | -$1.92M |
|
79
Televisa
TV
$1.52B
| $191M | 0.25% |
10,204,883
+246,456
| +2% | +$5.1M |
|
|
TTM
80
DELISTED
Tata Motors Limited
TTM
| $186M | 0.24% |
5,621,236
+65,629
| +1% | +$2.12M |
|
81
Ambev
ABEV
$48.2B
| $185M | 0.24% |
28,628,433
+2,991,586
| +12% | +$19.1M |
|
82
iShares MSCI Taiwan ETF
EWT
$9.6B
| $179M | 0.23% |
4,931,203
-267,100
| -5% | -$9.91M |
|
83
Goldman Sachs
GS
$302B
| $168M | 0.22% |
659,027
-334,189
| -34% | -$82M |
|
84
East-West Bancorp
EWBC
$17.9B
| $152M | 0.2% |
2,492,793
-40,629
| -2% | -$2.42M |
|
85
ScottsMiracle-Gro
SMG
$3.97B
| $147M | 0.19% |
1,370,443
-17,539
| -1% | -$1.75M |
|
86
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $141M | 0.18% |
1,614,863
+952,089
| +144% | +$83.5M |
|
87
Capital One
COF
$129B
| $134M | 0.18% |
1,350,465
+26,320
| +2% | +$2.4M |
|
88
ICICI Bank
IBN
$109B
| $134M | 0.17% |
13,725,581
+48,333
| +0.4% | +$445K |
|
89
Steris
STE
$22.5B
| $133M | 0.17% |
1,515,512
-23,645
| -2% | -$2.11M |
|
|
AZPN
90
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $129M | 0.17% |
1,955,910
-35,492
| -2% | -$2.35M |
|
|
HRC
91
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $126M | 0.16% |
1,492,891
-21,072
| -1% | -$1.71M |
|
92
Raymond James Financial
RJF
$33.6B
| $124M | 0.16% |
2,087,330
-39,144
| -2% | -$2.26M |
|
|
CAA
93
DELISTED
CalAtlantic Group, Inc.
CAA
| $123M | 0.16% |
2,182,745
-23,510
| -1% | -$1.15M |
|
|
SF
94
Stifel
SF
$12.5B
| $122M | 0.16% |
4,596,754
-80,046
| -2% | -$1.96M |
|
95
Yelp
YELP
$1.44B
| $121M | 0.16% |
2,878,263
-15,604
| -0.5% | -$694K |
|
96
Chemed
CHE
$7.1B
| $119M | 0.16% |
491,004
-5,250
| -1% | -$1.19M |
|
97
Petrobras
PBR
$123B
| $119M | 0.16% |
11,593,476
+362,538
| +3% | +$3.71M |
|
98
Morgan Stanley
MS
$330B
| $111M | 0.15% |
2,119,236
-44,243
| -2% | -$2.24M |
|
99
Littelfuse
LFUS
$11.2B
| $109M | 0.14% |
549,397
-8,963
| -2% | -$1.8M |
|
100
Toro Company
TTC
$8.72B
| $109M | 0.14% |
1,665,529
-17,428
| -1% | -$1.1M |
|
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.