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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Glacier Bancorp
GBCI
$6.38B
| $61.1M | 0.11% |
2,141,642
+19,878
| +0.9% | +$561K |
|
127
KB Home
KBH
$3.45B
| $61M | 0.11% |
3,781,669
+72,839
| +2% | +$1.15M |
|
|
JNS
128
DELISTED
Janus Capital Group Inc
JNS
| $60.8M | 0.11% |
4,337,537
+154,698
| +4% | +$2.24M |
|
129
WPP
WPP
$4.41B
| $59.5M | 0.11% |
505,010
-2,659
| -0.5% | -$303K |
|
130
First American
FAF
$7.71B
| $57.7M | 0.1% |
1,469,419
-28,295
| -2% | -$1.17M |
|
131
Cemex
CX
$17.2B
| $57M | 0.1% |
7,459,611
-8,977
| -0.1% | -$66.1K |
|
|
CAB
132
DELISTED
Cabela's Inc
CAB
| $56.7M | 0.1% |
1,032,287
+23,039
| +2% | +$1.18M |
|
133
Littelfuse
LFUS
$11.2B
| $55.1M | 0.1% |
427,873
+66,035
| +18% | +$8.09M |
|
134
RLJ Lodging Trust
RLJ
$1.87B
| $55M | 0.1% |
2,613,882
+77,397
| +3% | +$1.76M |
|
135
Mid-America Apartment Communities
MAA
$15.5B
| $54.4M | 0.1% |
578,816
+9,563
| +2% | +$954K |
|
|
DFT
136
DELISTED
DuPont Fabros Technology Inc.
DFT
| $54.2M | 0.1% |
1,314,499
+8,897
| +0.7% | +$401K |
|
137
Boston Beer
SAM
$1.93B
| $54.1M | 0.1% |
348,515
+2,842
| +0.8% | +$496K |
|
|
MZTI
138
The Marzetti Company
MZTI
$2.95B
| $53.9M | 0.1% |
408,081
+4,125
| +1% | +$538K |
|
|
AAWW
139
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $52.4M | 0.09% |
1,224,021
+18,897
| +2% | +$738K |
|
140
Artisan Partners
APAM
$2.82B
| $51.2M | 0.09% |
1,880,562
+23,724
| +1% | +$648K |
|
|
MDP
141
DELISTED
Meredith Corporation
MDP
| $50.2M | 0.09% |
964,711
+6,931
| +0.7% | +$370K |
|
142
MSC Industrial Direct
MSM
$6.78B
| $49.9M | 0.09% |
679,132
+10,844
| +2% | +$788K |
|
143
PNC Financial Services
PNC
$99.2B
| $49.5M | 0.09% |
549,765
+474,897
| +634% | +$40.8M |
|
144
Perrigo
PRGO
$1.43B
| $48.9M | 0.09% |
529,719
+189,752
| +56% | +$17.5M |
|
145
Pegasystems
PEGA
$4.94B
| $48.3M | 0.09% |
3,277,422
+52,652
| +2% | +$714K |
|
|
MENT
146
DELISTED
Mentor Graphics Corp
MENT
| $47.8M | 0.08% |
1,807,511
+1,389
| +0.1% | +$31.6K |
|
147
Bio-Rad Laboratories Class A
BIO
$8.74B
| $47.6M | 0.08% |
290,416
+8,833
| +3% | +$1.34M |
|
148
Helen of Troy
HELE
$649M
| $45.4M | 0.08% |
526,432
+192,455
| +58% | +$18M |
|
149
Honeywell
HON
$76.7B
| $45.3M | 0.08% |
432,117
-21,548
| -5% | -$2.25M |
|
|
AXE
150
DELISTED
Anixter International Inc
AXE
| $45.1M | 0.08% |
698,976
+9,557
| +1% | +$575K |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.