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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Cemex
CX
$17.2B
| $73.4M | 0.1% |
8,081,057
-304,322
| -4% | -$2.89M |
|
127
Pool Corp
POOL
$6.95B
| $72.6M | 0.1% |
671,541
-10,532
| -2% | -$1.14M |
|
128
iShares National Muni Bond ETF
MUB
$45.2B
| $72.6M | 0.1% |
654,539
+109,596
| +20% | +$12.2M |
|
|
NUVA
129
DELISTED
NuVasive, Inc.
NUVA
| $72.4M | 0.1% |
1,305,209
-16,214
| -1% | -$1.07M |
|
|
AAWW
130
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $72.2M | 0.1% |
1,096,612
-14,285
| -1% | -$893K |
|
131
Stratasys
SSYS
$697M
| $71.3M | 0.1% |
3,082,900
-15,671
| -0.5% | -$362K |
|
132
Lazard
LAZ
$4.09B
| $69.7M | 0.1% |
1,540,712
-17,680
| -1% | -$784K |
|
133
Henry Schein
HSIC
$9.7B
| $69.2M | 0.1% |
1,076,235
-3,611
| -0.3% | -$246K |
|
134
Boeing
BA
$175B
| $69.2M | 0.1% |
272,230
-17,573
| -6% | -$4.1M |
|
|
LSI
135
DELISTED
Life Storage, Inc.
LSI
| $67.1M | 0.09% |
1,230,389
-18,330
| -1% | -$920K |
|
136
HUB Group
HUBG
$2.78B
| $66M | 0.09% |
3,075,432
-26,986
| -0.9% | -$515K |
|
137
Glacier Bancorp
GBCI
$6.38B
| $65.4M | 0.09% |
1,732,331
-23,580
| -1% | -$817K |
|
138
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $64.6M | 0.09% |
577,093
+125,737
| +28% | +$14M |
|
139
Integer Holdings
ITGR
$3.42B
| $63.8M | 0.09% |
1,248,229
-10,415
| -0.8% | -$477K |
|
140
RLJ Lodging Trust
RLJ
$1.87B
| $63.7M | 0.09% |
2,893,935
-33,025
| -1% | -$680K |
|
141
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $61.9M | 0.09% |
2,634,187
+133,847
| +5% | +$3.06M |
|
|
MGLN
142
DELISTED
Magellan Health Services, Inc.
MGLN
| $61.8M | 0.09% |
716,326
-8,320
| -1% | -$656K |
|
143
Bio-Rad Laboratories Class A
BIO
$8.74B
| $61.7M | 0.09% |
277,441
-2,148
| -0.8% | -$483K |
|
144
MKS Inc
MKSI
$19.8B
| $61.6M | 0.09% |
652,419
-83,690
| -11% | -$6.84M |
|
145
AbbVie
ABBV
$455B
| $60.7M | 0.09% |
683,274
-3,245
| -0.5% | -$247K |
|
|
CAVM
146
DELISTED
Cavium, Inc.
CAVM
| $60.4M | 0.08% |
916,197
+174,209
| +23% | +$11M |
|
|
CADE
147
DELISTED
Cadence Bank
CADE
| $59.9M | 0.08% |
1,867,428
-113,685
| -6% | -$3.4M |
|
148
Artisan Partners
APAM
$2.82B
| $58.6M | 0.08% |
1,798,359
-28,594
| -2% | -$889K |
|
149
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $58.3M | 0.08% |
662,774
-4,187
| -0.6% | -$368K |
|
|
JHG
150
DELISTED
Janus Henderson
JHG
| $57.5M | 0.08% |
1,650,825
-207,483
| -11% | -$7.05M |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.