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 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$353M |
| 2 |
Televisa
TV
|
+$92.4M |
| 3 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$38.2M |
| 4 |
DST
DST Systems Inc.
DST
|
+$36.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$315M |
| 2 |
CAB
Cabela's Inc
CAB
|
+$56.7M |
| 3 |
NXP Semiconductors
NXPI
|
+$48.7M |
| 4 |
TSMC
TSM
|
+$24.7M |
| 5 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.9% |
| 2 | Technology | 14.05% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 7.69% |
| 5 | Industrials | 6.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AAWW
126
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $61.4M | 0.11% |
1,176,838
-47,183
| -4% | -$2.23M |
|
127
Meritage Homes
MTH
$4.72B
| $61.1M | 0.11% |
3,509,964
-105,742
| -3% | -$1.83M |
|
128
Qorvo
QRVO
$8.01B
| $60.9M | 0.11% |
1,155,397
+14,813
| +1% | +$806K |
|
129
MSC Industrial Direct
MSM
$6.78B
| $60.6M | 0.11% |
656,344
-22,788
| -3% | -$1.88M |
|
130
Pegasystems
PEGA
$4.94B
| $59.7M | 0.1% |
3,318,922
+41,500
| +1% | +$693K |
|
|
KSU
131
DELISTED
Kansas City Southern
KSU
| $59.7M | 0.1% |
703,859
+19,492
| +3% | +$1.72M |
|
132
KB Home
KBH
$3.45B
| $58.2M | 0.1% |
3,679,932
-101,737
| -3% | -$1.59M |
|
|
WMGI
133
DELISTED
Wright Medical Group Inc
WMGI
| $57.5M | 0.1% |
2,503,745
-89,810
| -3% | -$2.09M |
|
134
Boston Beer
SAM
$1.93B
| $57.5M | 0.1% |
338,282
-10,233
| -3% | -$1.69M |
|
|
MGLN
135
DELISTED
Magellan Health Services, Inc.
MGLN
| $57M | 0.1% |
757,482
-23,055
| -3% | -$1.48M |
|
|
MZTI
136
The Marzetti Company
MZTI
$2.95B
| $56.5M | 0.1% |
399,711
-8,370
| -2% | -$1.13M |
|
|
DFT
137
DELISTED
DuPont Fabros Technology Inc.
DFT
| $56M | 0.1% |
1,274,938
-39,561
| -3% | -$1.63M |
|
|
JNS
138
DELISTED
Janus Capital Group Inc
JNS
| $55.6M | 0.1% |
4,190,945
-146,592
| -3% | -$2.01M |
|
|
AXE
139
DELISTED
Anixter International Inc
AXE
| $55.5M | 0.1% |
684,669
-14,307
| -2% | -$1.04M |
|
140
UMB Financial
UMBF
$11.1B
| $55.5M | 0.1% |
719,147
-22,112
| -3% | -$1.54M |
|
141
Texas Capital Bancshares
TCBI
$4.29B
| $55.3M | 0.1% |
705,425
-18,816
| -3% | -$1.27M |
|
|
MDP
142
DELISTED
Meredith Corporation
MDP
| $55.2M | 0.1% |
932,765
-31,946
| -3% | -$1.68M |
|
143
Mid-America Apartment Communities
MAA
$15.5B
| $54.2M | 0.09% |
553,438
-25,378
| -4% | -$2.33M |
|
144
Artisan Partners
APAM
$2.82B
| $54.2M | 0.09% |
1,820,328
-60,234
| -3% | -$1.72M |
|
145
AstraZeneca
AZN
$266B
| $53.3M | 0.09% |
975,500
-13,293
| -1% | -$755K |
|
146
First American
FAF
$7.71B
| $53M | 0.09% |
1,446,490
-22,929
| -2% | -$879K |
|
147
WPP
WPP
$4.41B
| $52.6M | 0.09% |
475,178
-29,832
| -6% | -$3.23M |
|
148
Prosperity Bancshares
PB
$8.97B
| $52.3M | 0.09% |
729,302
-23,852
| -3% | -$1.49M |
|
149
Bio-Rad Laboratories Class A
BIO
$8.74B
| $51.7M | 0.09% |
283,625
-6,791
| -2% | -$1.16M |
|
150
Stratasys
SSYS
$697M
| $51.1M | 0.09% |
3,092,262
-103,495
| -3% | -$2.03M |
|
Similar funds
Ken Fisher's Q4 2016 Portfolio in Review
As of Q4 2016, Ken Fisher held 837 positions worth $57.4B, up 2% from $56.3B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2016 filing shows 61 new, 208 increased, 401 reduced and 54 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M. The largest sale was FI Enhanced Global High Yield Exchange Traded Notes, an estimated $315M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2016 buy was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M.
- Ken Fisher added most to UBS AG FI Enhanced Global High Yield ETN in Q4 2016, an estimated $353M increase.
- Ken Fisher's biggest Q4 2016 reduction was FI Enhanced Global High Yield Exchange Traded Notes, cutting an estimated $315M.
- Ken Fisher fully exited Cabela's Inc in Q4 2016, selling an estimated $56.7M.
- Ken Fisher's ten largest holdings make up 22% of its $57.4B portfolio in Q4 2016.
- Ken Fisher opened 61 new positions and closed 54 in Q4 2016.
- Ken Fisher's portfolio value rose 2% quarter-over-quarter to $57.4B.
Based on Fisher Asset Management's 13F filing for Q4 2016, filed 10 Jan 2017.