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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Chemed
CHE
$7.1B
| $100M | 0.14% |
496,254
-4,438
| -0.9% | -$872K |
|
102
NETSCOUT
NTCT
$2.91B
| $99.5M | 0.14% |
3,075,642
-25,418
| -0.8% | -$848K |
|
103
Wintrust Financial
WTFC
$10.8B
| $95.6M | 0.13% |
1,220,362
-12,315
| -1% | -$915K |
|
104
Webster Financial
WBS
$12.5B
| $94.8M | 0.13% |
1,803,155
-18,280
| -1% | -$913K |
|
105
Vishay Intertechnology
VSH
$5.18B
| $93.8M | 0.13% |
4,987,610
+166,653
| +3% | +$2.93M |
|
106
Pegasystems
PEGA
$4.94B
| $92.1M | 0.13% |
3,195,618
-14,474
| -0.5% | -$419K |
|
|
VRNT
107
DELISTED
Verint Systems
VRNT
| $90.8M | 0.13% |
4,257,985
+82,604
| +2% | +$1.67M |
|
|
SEM
108
DELISTED
Select Medical
SEM
| $86.7M | 0.12% |
8,384,736
-100,159
| -1% | -$925K |
|
|
BECN
109
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $86.4M | 0.12% |
1,686,777
+13,327
| +0.8% | +$621K |
|
|
FNSR
110
DELISTED
Finisar Corp
FNSR
| $86.2M | 0.12% |
3,890,307
-41,925
| -1% | -$1.03M |
|
111
Ingredion
INGR
$6.33B
| $85M | 0.12% |
704,755
-6,962
| -1% | -$849K |
|
|
PAY
112
DELISTED
Verifone Systems Inc
PAY
| $83.4M | 0.12% |
4,110,364
+421,203
| +11% | +$8.22M |
|
113
KB Home
KBH
$3.45B
| $83.2M | 0.12% |
3,451,363
-35,883
| -1% | -$808K |
|
|
DST
114
DELISTED
DST Systems Inc.
DST
| $82.1M | 0.12% |
1,496,669
+148,849
| +11% | +$8.15M |
|
|
CAA
115
DELISTED
CalAtlantic Group, Inc.
CAA
| $80.8M | 0.11% |
2,206,255
-6,871
| -0.3% | -$244K |
|
116
Smith & Nephew
SNN
$13.6B
| $79.3M | 0.11% |
2,179,610
-52,981
| -2% | -$1.88M |
|
117
First American
FAF
$7.71B
| $79M | 0.11% |
1,580,057
+100,325
| +7% | +$4.79M |
|
|
KSU
118
DELISTED
Kansas City Southern
KSU
| $78.3M | 0.11% |
720,030
-34,465
| -5% | -$3.61M |
|
119
Helen of Troy
HELE
$649M
| $76.5M | 0.11% |
789,884
-10,575
| -1% | -$1.02M |
|
|
UMPQ
120
DELISTED
Umpqua Holdings Corp
UMPQ
| $76M | 0.11% |
3,895,929
-46,414
| -1% | -$846K |
|
121
Meritage Homes
MTH
$4.72B
| $75.7M | 0.11% |
3,410,330
-29,564
| -0.9% | -$618K |
|
|
WMGI
122
DELISTED
Wright Medical Group Inc
WMGI
| $74.8M | 0.1% |
2,890,789
+500,583
| +21% | +$13.8M |
|
123
Qorvo
QRVO
$8.01B
| $74.3M | 0.1% |
1,050,733
-13,234
| -1% | -$923K |
|
124
Prestige Consumer Healthcare
PBH
$2.37B
| $74.1M | 0.1% |
1,479,810
+2,275
| +0.2% | +$116K |
|
|
PACW
125
DELISTED
PacWest Bancorp
PACW
| $74M | 0.1% |
1,465,160
-13,284
| -0.9% | -$621K |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.