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 | |
|---|---|---|---|---|---|---|
|
BECN
101
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $109M | 0.14% |
1,702,743
+15,966
| +0.9% | +$917K |
|
102
KB Home
KBH
$3.45B
| $108M | 0.14% |
3,382,361
-69,002
| -2% | -$1.98M |
|
103
HEICO Corp
HEI
$49.5B
| $107M | 0.14% |
2,213,416
-31,969
| -1% | -$1.49M |
|
104
West Pharmaceutical
WST
$23.9B
| $103M | 0.14% |
1,047,635
-14,669
| -1% | -$1.44M |
|
105
Vishay Intertechnology
VSH
$5.18B
| $103M | 0.13% |
4,959,921
-27,689
| -0.6% | -$591K |
|
|
CLGX
106
DELISTED
Corelogic, Inc.
CLGX
| $101M | 0.13% |
2,183,303
-5,145
| -0.2% | -$238K |
|
107
Webster Financial
WBS
$12.5B
| $99.9M | 0.13% |
1,778,273
-24,882
| -1% | -$1.36M |
|
108
Wintrust Financial
WTFC
$10.8B
| $99.1M | 0.13% |
1,203,338
-17,024
| -1% | -$1.37M |
|
109
Lincoln Electric
LECO
$13.7B
| $98.3M | 0.13% |
1,073,895
-25,663
| -2% | -$2.35M |
|
110
Ingredion
INGR
$6.33B
| $97.9M | 0.13% |
700,507
-4,248
| -0.6% | -$561K |
|
111
NETSCOUT
NTCT
$2.91B
| $92.8M | 0.12% |
3,048,193
-27,449
| -0.9% | -$839K |
|
|
DST
112
DELISTED
DST Systems Inc.
DST
| $92.5M | 0.12% |
1,490,453
-6,216
| -0.4% | -$369K |
|
|
VRNT
113
DELISTED
Verint Systems
VRNT
| $89.7M | 0.12% |
4,207,588
-50,397
| -1% | -$1.08M |
|
114
iShares National Muni Bond ETF
MUB
$45.2B
| $88M | 0.12% |
794,986
+140,447
| +21% | +$15.5M |
|
115
First American
FAF
$7.71B
| $87.1M | 0.11% |
1,554,477
-25,580
| -2% | -$1.38M |
|
116
Meritage Homes
MTH
$4.72B
| $86.8M | 0.11% |
3,389,960
-20,370
| -0.6% | -$505K |
|
117
Pool Corp
POOL
$6.95B
| $85.6M | 0.11% |
659,891
-11,650
| -2% | -$1.42M |
|
|
UMPQ
118
DELISTED
Umpqua Holdings Corp
UMPQ
| $79.9M | 0.1% |
3,841,864
-54,065
| -1% | -$1.12M |
|
|
SEM
119
DELISTED
Select Medical
SEM
| $79.1M | 0.1% |
8,317,642
-67,094
| -0.8% | -$641K |
|
120
Lazard
LAZ
$4.09B
| $78.9M | 0.1% |
1,502,629
-38,083
| -2% | -$1.82M |
|
|
FNSR
121
DELISTED
Finisar Corp
FNSR
| $78.2M | 0.1% |
3,841,182
-49,125
| -1% | -$1.02M |
|
|
CAVM
122
DELISTED
Cavium, Inc.
CAVM
| $75.8M | 0.1% |
903,756
-12,441
| -1% | -$963K |
|
|
NUVA
123
DELISTED
NuVasive, Inc.
NUVA
| $75.6M | 0.1% |
1,291,909
-13,300
| -1% | -$754K |
|
124
Helen of Troy
HELE
$649M
| $75.4M | 0.1% |
782,784
-7,100
| -0.9% | -$654K |
|
125
Smith & Nephew
SNN
$13.6B
| $74.5M | 0.1% |
2,128,267
-51,343
| -2% | -$1.87M |
|
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.