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 | |
|---|---|---|---|---|---|---|
|
WMGI
126
DELISTED
Wright Medical Group Inc
WMGI
| $48M | 0.1% |
2,283,400
-84,084
| -4% | -$2.1M |
|
127
KB Home
KBH
$3.37B
| $47.9M | 0.1% |
3,535,856
+1,038,041
| +42% | +$15.8M |
|
128
Pool Corp
POOL
$6.75B
| $46.4M | 0.1% |
641,542
-16,650
| -3% | -$1.18M |
|
129
Heartland Express
HTLD
$948M
| $46.3M | 0.1% |
2,319,858
-52,700
| -2% | -$1.08M |
|
130
Mid-America Apartment Communities
MAA
$15.4B
| $46.1M | 0.1% |
563,185
-18,485
| -3% | -$1.46M |
|
131
Goldman Sachs
GS
$300B
| $45.7M | 0.1% |
262,937
-29,936
| -10% | -$5.87M |
|
132
Canadian National Railway
CNI
$76.9B
| $45M | 0.09% |
792,791
+7,875
| +1% | +$458K |
|
|
FNSR
133
DELISTED
Finisar Corp
FNSR
| $44.9M | 0.09% |
4,034,610
-122,523
| -3% | -$1.92M |
|
|
MENT
134
DELISTED
Mentor Graphics Corp
MENT
| $43.1M | 0.09% |
1,750,412
+33,420
| +2% | +$853K |
|
|
KATE
135
DELISTED
Kate Spade & Company
KATE
| $42.7M | 0.09% |
2,231,931
-53,765
| -2% | -$1.07M |
|
|
SEM
136
DELISTED
Select Medical
SEM
| $42.2M | 0.09% |
7,253,283
+84,949
| +1% | +$630K |
|
|
AAWW
137
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $42M | 0.09% |
1,215,797
-35,525
| -3% | -$1.58M |
|
138
Petrobras
PBR
$125B
| $41.9M | 0.09% |
9,642,071
+1,106,092
| +13% | +$6.75M |
|
139
Pegasystems
PEGA
$5.02B
| $41.7M | 0.09% |
3,391,892
-96,050
| -3% | -$1.19M |
|
140
MSC Industrial Direct
MSM
$6.89B
| $41.5M | 0.09% |
680,341
-16,818
| -2% | -$1.15M |
|
141
Vishay Intertechnology
VSH
$5.25B
| $41.4M | 0.09% |
4,270,317
-52,500
| -1% | -$557K |
|
142
Honeywell
HON
$77B
| $41M | 0.09% |
482,382
+133,256
| +38% | +$12.1M |
|
|
MDP
143
DELISTED
Meredith Corporation
MDP
| $41M | 0.09% |
962,850
-28,265
| -3% | -$1.35M |
|
|
AXE
144
DELISTED
Anixter International Inc
AXE
| $40.5M | 0.08% |
701,104
-24,215
| -3% | -$1.52M |
|
|
BMR
145
DELISTED
BIOMED REALTY TRUST INC
BMR
| $40.1M | 0.08% |
2,009,275
-16,971
| -0.8% | -$339K |
|
146
Integer Holdings
ITGR
$4.12B
| $39.6M | 0.08% |
769,406
-38,465
| -5% | -$1.92M |
|
147
Mitsubishi UFJ Financial
MUFG
$253B
| $39.1M | 0.08% |
6,427,832
+42,774
| +0.7% | +$289K |
|
148
Texas Capital Bancshares
TCBI
$4.3B
| $39M | 0.08% |
744,441
-20,164
| -3% | -$1.13M |
|
149
Idacorp
IDA
$7.92B
| $38.7M | 0.08% |
597,807
-19,315
| -3% | -$1.16M |
|
150
Mueller Industries
MLI
$14.7B
| $38.4M | 0.08% |
5,199,312
-152,120
| -3% | -$1.21M |
|
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.