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 |
Alphabet (Google) Class A
GOOGL
|
+$702M |
| 2 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$90.3M |
| 3 |
America Movil
AMX
|
+$71.3M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.1M |
| 5 |
Stratasys
SSYS
|
+$53.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$671M |
| 2 |
RYL
RYLAND GROUP INC
RYL
|
+$90.9M |
| 3 |
PMCS
P M C SIERRA INC
PMCS
|
+$76.3M |
| 4 |
BMR
BIOMED REALTY TRUST INC
BMR
|
+$40.1M |
| 5 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$38.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 21.9% |
| 2 | Financials | 20.44% |
| 3 | Healthcare | 14.36% |
| 4 | Technology | 13.17% |
| 5 | Consumer Discretionary | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Lazard
LAZ
$4.01B
| $69.8M | 0.13% |
1,549,926
+87,376
| +6% | +$4M |
|
102
Toro Company
TTC
$8.78B
| $65.8M | 0.13% |
1,800,274
-1,944
| -0.1% | -$72.8K |
|
|
AEL
103
DELISTED
American Equity Investment Life Holding Company
AEL
| $65.2M | 0.13% |
2,712,948
-5,352
| -0.2% | -$137K |
|
104
Wintrust Financial
WTFC
$10.3B
| $63.8M | 0.12% |
1,315,809
-115
| -0% | -$5.87K |
|
|
105
America Movil
AMX
$68.3B
| $61.4M | 0.12% |
+4,369,195
| New | +$71.3M |
|
|
ARMH
106
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $59.7M | 0.12% |
1,319,729
+9,101
| +0.7% | +$430K |
|
|
FNSR
107
DELISTED
Finisar Corp
FNSR
| $58.8M | 0.11% |
4,040,746
+6,136
| +0.2% | +$76K |
|
108
WPP
WPP
$5.39B
| $58.7M | 0.11% |
511,562
+1,930
| +0.4% | +$217K |
|
|
PVTB
109
DELISTED
PrivateBancorp Inc
PVTB
| $58.3M | 0.11% |
1,420,836
-33,129
| -2% | -$1.39M |
|
110
Meritage Homes
MTH
$4.19B
| $58.2M | 0.11% |
3,427,086
+22,078
| +0.6% | +$404K |
|
111
Boston Beer
SAM
$1.78B
| $58M | 0.11% |
287,191
-826
| -0.3% | -$181K |
|
112
ASML
ASML
$652B
| $57.9M | 0.11% |
652,800
+1,319
| +0.2% | +$120K |
|
|
JNS
113
DELISTED
Janus Capital Group Inc
JNS
| $57.4M | 0.11% |
4,076,441
-5,569
| -0.1% | -$82.9K |
|
|
SF
114
Stifel
SF
$12B
| $57.3M | 0.11% |
3,043,649
+16,985
| +0.6% | +$330K |
|
|
SEM
115
DELISTED
Select Medical
SEM
| $57.3M | 0.11% |
8,925,003
+1,671,720
| +23% | +$10.5M |
|
116
Glacier Bancorp
GBCI
$5.97B
| $57.1M | 0.11% |
2,152,134
+777
| +0% | +$21.5K |
|
117
Gilead Sciences
GILD
$178B
| $57.1M | 0.11% |
563,917
+1,526
| +0.3% | +$159K |
|
|
WMGI
118
DELISTED
Wright Medical Group Inc
WMGI
| $57M | 0.11% |
2,358,437
+75,037
| +3% | +$1.63M |
|
|
LUX
119
DELISTED
Luxottica Group
LUX
| $56.4M | 0.11% |
869,957
+3,471
| +0.4% | +$236K |
|
120
Lincoln Electric
LECO
$13.8B
| $56.4M | 0.11% |
1,086,132
-1,703
| -0.2% | -$94.8K |
|
121
Vishay Intertechnology
VSH
$5.09B
| $56.2M | 0.11% |
4,665,601
+395,284
| +9% | +$4.46M |
|
122
Qorvo
QRVO
$10.3B
| $56.1M | 0.11% |
1,102,513
+10,764
| +1% | +$551K |
|
123
AbbVie
ABBV
$454B
| $55.4M | 0.11% |
935,104
+7,145
| +0.8% | +$412K |
|
|
WDR
124
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $55.3M | 0.11% |
1,930,712
+2,640
| +0.1% | +$90.7K |
|
125
HEICO Corp
HEI
$44.2B
| $55.2M | 0.11% |
2,480,063
+10,109
| +0.4% | +$210K |
|
Similar funds
Ken Fisher's Q4 2015 Portfolio in Review
As of Q4 2015, Ken Fisher held 832 positions worth $51.9B, up 8.1% from $48B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q4 2015 filing shows 117 new, 382 increased, 189 reduced and 39 closed positions. Its largest new stake was Alphabet (Google) Class A: 18,980,280 shares worth $738M. The largest sale was Alphabet (Google) Class C, an estimated $671M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, down from 22% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2015 buy was Alphabet (Google) Class A: 18,980,280 shares worth $738M.
- Ken Fisher added most to CalAtlantic Group, Inc. in Q4 2015, an estimated $90.3M increase.
- Ken Fisher's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $671M.
- Ken Fisher fully exited RYLAND GROUP INC in Q4 2015, selling an estimated $90.9M.
- Ken Fisher's ten largest holdings make up 23% of its $51.9B portfolio in Q4 2015.
- Ken Fisher opened 117 new positions and closed 39 in Q4 2015.
- Ken Fisher's portfolio value rose 8.1% quarter-over-quarter to $51.9B.
Based on Fisher Asset Management's 13F filing for Q4 2015, filed 14 Jan 2016.