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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$607M |
| 2 |
Vodafone
VOD
|
+$318M |
| 3 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$267M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
Itaú Unibanco
ITUB
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$545M |
| 2 |
GE Aerospace
GE
|
+$284M |
| 3 |
NXP Semiconductors
NXPI
|
+$121M |
| 4 |
MENT
Mentor Graphics Corp
MENT
|
+$63.3M |
| 5 |
Heartland Express
HTLD
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.45% |
| 2 | Technology | 14.38% |
| 3 | Healthcare | 12.14% |
| 4 | Consumer Discretionary | 8.49% |
| 5 | Communication Services | 7.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
HUB Group
HUBG
$2.78B
| $67.6M | 0.11% |
2,911,730
-48,302
| -2% | -$1.14M |
|
127
MSC Industrial Direct
MSM
$6.78B
| $66.4M | 0.11% |
646,422
-9,922
| -2% | -$1.01M |
|
|
AAWW
128
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $64.3M | 0.1% |
1,159,417
-17,421
| -1% | -$928K |
|
129
Stratasys
SSYS
$697M
| $62.8M | 0.1% |
3,067,232
-25,030
| -0.8% | -$495K |
|
130
Meritage Homes
MTH
$4.72B
| $62.8M | 0.1% |
3,415,144
-94,820
| -3% | -$1.7M |
|
|
SEM
131
DELISTED
Select Medical
SEM
| $62.1M | 0.1% |
8,632,282
-206,714
| -2% | -$1.5M |
|
|
MDP
132
DELISTED
Meredith Corporation
MDP
| $61.8M | 0.1% |
956,256
+23,491
| +3% | +$1.45M |
|
133
RLJ Lodging Trust
RLJ
$1.87B
| $61.1M | 0.1% |
2,600,287
-97,731
| -4% | -$2.28M |
|
|
DFT
134
DELISTED
DuPont Fabros Technology Inc.
DFT
| $60.9M | 0.1% |
1,227,873
-47,065
| -4% | -$2.28M |
|
135
PNC Financial Services
PNC
$99.2B
| $60.9M | 0.1% |
506,256
-21,180
| -4% | -$2.59M |
|
|
PAY
136
DELISTED
Verifone Systems Inc
PAY
| $60.2M | 0.1% |
+3,212,341
| New | +$61.3M |
|
|
KSU
137
DELISTED
Kansas City Southern
KSU
| $59.9M | 0.1% |
698,178
-5,681
| -0.8% | -$487K |
|
138
AstraZeneca
AZN
$266B
| $59.8M | 0.1% |
960,546
-14,954
| -2% | -$871K |
|
|
FLEU
139
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
| $59.1M | 0.09% |
475,570
+301,284
| +173% | +$34.7M |
|
140
Texas Capital Bancshares
TCBI
$4.29B
| $57.6M | 0.09% |
689,850
-15,575
| -2% | -$1.31M |
|
|
THS
141
DELISTED
Treehouse Foods
THS
| $56.5M | 0.09% |
667,509
-16,615
| -2% | -$1.33M |
|
142
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $56.1M | 0.09% |
648,926
+219,170
| +51% | +$18.8M |
|
143
First American
FAF
$7.71B
| $55.3M | 0.09% |
1,408,151
-38,339
| -3% | -$1.47M |
|
144
Bio-Rad Laboratories Class A
BIO
$8.74B
| $54.7M | 0.09% |
274,356
-9,269
| -3% | -$1.79M |
|
145
Mid-America Apartment Communities
MAA
$15.5B
| $54.7M | 0.09% |
537,514
-15,924
| -3% | -$1.57M |
|
|
JNS
146
DELISTED
Janus Capital Group Inc
JNS
| $54.1M | 0.09% |
4,097,127
-93,818
| -2% | -$1.2M |
|
|
CAVM
147
DELISTED
Cavium, Inc.
CAVM
| $54.1M | 0.09% |
754,633
+644,110
| +583% | +$43.1M |
|
|
AXE
148
DELISTED
Anixter International Inc
AXE
| $52.6M | 0.08% |
663,691
-20,978
| -3% | -$1.71M |
|
149
Boeing
BA
$175B
| $52.6M | 0.08% |
297,568
+3,673
| +1% | +$626K |
|
150
UMB Financial
UMBF
$11.1B
| $52.4M | 0.08% |
696,363
-22,784
| -3% | -$1.74M |
|
Similar funds
Ken Fisher's Q1 2017 Portfolio in Review
As of Q1 2017, Ken Fisher held 865 positions worth $62.4B, up 8.7% from $57.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q1 2017 filing shows 82 new, 252 increased, 334 reduced and 92 closed positions. Its largest new stake was Vodafone: 12,420,913 shares worth $328M. The largest sale was State Street SPDR Portfolio Short Term Corporate Bond ETF, an estimated $545M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2017 buy was Vodafone: 12,420,913 shares worth $328M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2017, an estimated $607M increase.
- Ken Fisher's biggest Q1 2017 reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, cutting an estimated $545M.
- Ken Fisher fully exited NXP Semiconductors in Q1 2017, selling an estimated $121M.
- Ken Fisher's ten largest holdings make up 24% of its $62.4B portfolio in Q1 2017.
- Ken Fisher opened 82 new positions and closed 92 in Q1 2017.
- Ken Fisher's portfolio value rose 8.7% quarter-over-quarter to $62.4B.
Based on Fisher Asset Management's 13F filing for Q1 2017, filed 25 Apr 2017.