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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.55% |
| 3 | Healthcare | 13.21% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Communication Services | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UMPQ
126
DELISTED
Umpqua Holdings Corp
UMPQ
| $72.4M | 0.11% |
3,942,343
-707,697
| -15% | -$12.5M |
|
127
Stratasys
SSYS
$697M
| $72.2M | 0.11% |
3,098,571
+31,339
| +1% | +$807K |
|
128
Lazard
LAZ
$4.09B
| $72.2M | 0.11% |
1,558,392
-51,882
| -3% | -$2.33M |
|
|
SEM
129
DELISTED
Select Medical
SEM
| $70.2M | 0.11% |
8,484,895
-147,387
| -2% | -$1.11M |
|
|
PACW
130
DELISTED
PacWest Bancorp
PACW
| $69M | 0.1% |
1,478,444
-549,062
| -27% | -$26.8M |
|
131
Qorvo
QRVO
$8.01B
| $67.4M | 0.1% |
1,063,967
-29,538
| -3% | -$2.11M |
|
|
PAY
132
DELISTED
Verifone Systems Inc
PAY
| $66.8M | 0.1% |
3,689,161
+476,820
| +15% | +$8.59M |
|
133
First American
FAF
$7.71B
| $66.1M | 0.1% |
1,479,732
+71,581
| +5% | +$3.03M |
|
|
WMGI
134
DELISTED
Wright Medical Group Inc
WMGI
| $65.7M | 0.1% |
2,390,206
-24,716
| -1% | -$699K |
|
135
Glacier Bancorp
GBCI
$6.38B
| $64.3M | 0.1% |
1,755,911
-293,802
| -14% | -$10M |
|
136
Bio-Rad Laboratories Class A
BIO
$8.74B
| $63.3M | 0.1% |
279,589
+5,233
| +2% | +$1.14M |
|
|
LSI
137
DELISTED
Life Storage, Inc.
LSI
| $61.7M | 0.09% |
1,248,719
-27,195
| -2% | -$1.41M |
|
|
JHG
138
DELISTED
Janus Henderson
JHG
| $61.5M | 0.09% |
+1,858,308
| New | +$60.8M |
|
|
CADE
139
DELISTED
Cadence Bank
CADE
| $60.4M | 0.09% |
1,981,113
-815,302
| -29% | -$24.4M |
|
|
140
Qualcomm
QCOM
$160B
| $60.4M | 0.09% |
1,093,398
-8,947,912
| -89% | -$500M |
|
|
THS
141
DELISTED
Treehouse Foods
THS
| $60.2M | 0.09% |
737,094
+69,585
| +10% | +$5.69M |
|
142
iShares National Muni Bond ETF
MUB
$45.2B
| $60M | 0.09% |
544,943
+137,664
| +34% | +$15.1M |
|
143
HUB Group
HUBG
$2.78B
| $59.5M | 0.09% |
3,102,418
+190,688
| +7% | +$3.64M |
|
144
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $58.4M | 0.09% |
666,961
+18,035
| +3% | +$1.57M |
|
145
RLJ Lodging Trust
RLJ
$1.87B
| $58.2M | 0.09% |
2,926,960
+326,673
| +13% | +$7M |
|
|
AAWW
146
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $57.9M | 0.09% |
1,110,897
-48,520
| -4% | -$2.56M |
|
147
Boeing
BA
$175B
| $57.3M | 0.09% |
289,803
-7,765
| -3% | -$1.45M |
|
148
Artisan Partners
APAM
$2.82B
| $56.1M | 0.08% |
1,826,953
-9,684
| -0.5% | -$278K |
|
|
MDP
149
DELISTED
Meredith Corporation
MDP
| $55.5M | 0.08% |
933,956
-22,300
| -2% | -$1.3M |
|
150
Mid-America Apartment Communities
MAA
$15.5B
| $55.3M | 0.08% |
524,713
-12,801
| -2% | -$1.32M |
|
Similar funds
Ken Fisher's Q2 2017 Portfolio in Review
As of Q2 2017, Ken Fisher held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q2 2017 buy was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M.
- Ken Fisher added most to Alibaba in Q2 2017, an estimated $594M increase.
- Ken Fisher's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Ken Fisher fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Ken Fisher's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Ken Fisher opened 104 new positions and closed 75 in Q2 2017.
- Ken Fisher's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.