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 | |
|---|---|---|---|---|---|---|
101
Toro Company
TTC
$8.76B
| $63.6M | 0.13% |
1,802,218
-48,390
| -3% | -$1.68M |
|
|
AEL
102
DELISTED
American Equity Investment Life Holding Company
AEL
| $63.4M | 0.13% |
2,718,300
-84,745
| -3% | -$2.18M |
|
103
Lazard
LAZ
$4.11B
| $63.3M | 0.13% |
1,462,550
+30,711
| +2% | +$1.58M |
|
104
Prestige Consumer Healthcare
PBH
$2.36B
| $62.2M | 0.13% |
1,377,407
-4,943
| -0.4% | -$234K |
|
105
Meritage Homes
MTH
$4.65B
| $62.2M | 0.13% |
3,405,008
-105,882
| -3% | -$2.28M |
|
106
Ambev
ABEV
$47.9B
| $61.5M | 0.13% |
12,545,997
+3,462,990
| +38% | +$18.8M |
|
107
Boston Beer
SAM
$1.9B
| $60.7M | 0.13% |
288,017
-12,490
| -4% | -$2.76M |
|
|
LUX
108
DELISTED
Luxottica Group
LUX
| $60M | 0.13% |
866,486
+7,940
| +0.9% | +$549K |
|
|
VRNT
109
DELISTED
Verint Systems
VRNT
| $58.5M | 0.12% |
2,661,249
+188,566
| +8% | +$5.22M |
|
110
ASML
ASML
$633B
| $57.3M | 0.12% |
651,481
+4,748
| +0.7% | +$450K |
|
111
Lincoln Electric
LECO
$14.4B
| $57M | 0.12% |
1,087,835
-8,555
| -0.8% | -$501K |
|
112
HUB Group
HUBG
$2.84B
| $57M | 0.12% |
3,128,784
-80,220
| -2% | -$1.59M |
|
113
Glacier Bancorp
GBCI
$6.39B
| $56.8M | 0.12% |
2,151,357
-63,633
| -3% | -$1.75M |
|
|
ARMH
114
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $56.7M | 0.12% |
1,310,628
+13,755
| +1% | +$614K |
|
|
SF
115
Stifel
SF
$12.6B
| $56.6M | 0.12% |
3,026,664
-2,957
| -0.1% | -$67K |
|
|
PVTB
116
DELISTED
PrivateBancorp Inc
PVTB
| $55.7M | 0.12% |
1,453,965
-19,817
| -1% | -$782K |
|
|
BECN
117
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $55.6M | 0.12% |
1,710,513
-45,245
| -3% | -$1.54M |
|
|
JNS
118
DELISTED
Janus Capital Group Inc
JNS
| $55.5M | 0.12% |
4,082,010
-140,545
| -3% | -$2.19M |
|
|
119
Gilead Sciences
GILD
$162B
| $55.2M | 0.12% |
562,391
-229,239
| -29% | -$25.5M |
|
|
THS
120
DELISTED
Treehouse Foods
THS
| $54.1M | 0.11% |
694,989
-19,290
| -3% | -$1.54M |
|
121
WPP
WPP
$4.35B
| $53M | 0.11% |
509,632
+2,940
| +0.6% | +$321K |
|
122
AbbVie
ABBV
$449B
| $50.5M | 0.11% |
927,959
-78,720
| -8% | -$5.12M |
|
|
CAB
123
DELISTED
Cabela's Inc
CAB
| $50.3M | 0.1% |
1,102,589
-49,984
| -4% | -$2.33M |
|
124
HEICO Corp
HEI
$49.9B
| $49.5M | 0.1% |
2,469,954
-62,893
| -2% | -$1.37M |
|
125
Qorvo
QRVO
$7.95B
| $49.2M | 0.1% |
1,091,749
-114,359
| -9% | -$6.9M |
|
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.