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 |
Costco
COST
|
+$384M |
| 2 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$293M |
| 3 |
Walmart Inc
WMT
|
+$242M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$220M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$436M |
| 2 |
Home Depot
HD
|
+$261M |
| 3 |
Walt Disney
DIS
|
+$236M |
| 4 |
JPMorgan Chase
JPM
|
+$230M |
| 5 |
Comcast
CMCSA
|
+$219M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.23% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 11.95% |
| 4 | Consumer Discretionary | 8.3% |
| 5 | Consumer Staples | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Pegasystems
PEGA
$4.94B
| $74.5M | 0.1% |
3,159,106
-36,512
| -1% | -$980K |
|
|
PAY
127
DELISTED
Verifone Systems Inc
PAY
| $74M | 0.1% |
4,175,615
+65,251
| +2% | +$1.21M |
|
|
PACW
128
DELISTED
PacWest Bancorp
PACW
| $73.3M | 0.1% |
1,453,628
-11,532
| -0.8% | -$550K |
|
|
KSU
129
DELISTED
Kansas City Southern
KSU
| $73.1M | 0.1% |
694,783
-25,247
| -4% | -$2.69M |
|
130
Boeing
BA
$175B
| $72.9M | 0.1% |
247,322
-24,908
| -9% | -$6.74M |
|
|
LSI
131
DELISTED
Life Storage, Inc.
LSI
| $72.2M | 0.09% |
1,215,204
-15,185
| -1% | -$873K |
|
|
HIT
132
DELISTED
HITACHI LTD ADR (10COM)NEW
HIT
| $72.2M | 0.09% |
+925,930
| New | +$72.2M |
|
133
HUB Group
HUBG
$2.78B
| $71.3M | 0.09% |
2,975,524
-99,908
| -3% | -$2.2M |
|
134
Artisan Partners
APAM
$2.82B
| $70.9M | 0.09% |
1,795,035
-3,324
| -0.2% | -$123K |
|
135
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $70.2M | 0.09% |
637,049
+59,956
| +10% | +$6.64M |
|
|
MGLN
136
DELISTED
Magellan Health Services, Inc.
MGLN
| $68.8M | 0.09% |
712,631
-3,695
| -0.5% | -$327K |
|
137
Qorvo
QRVO
$8.01B
| $67.8M | 0.09% |
1,017,607
-33,126
| -3% | -$2.41M |
|
138
Glacier Bancorp
GBCI
$6.38B
| $67.5M | 0.09% |
1,714,606
-17,725
| -1% | -$672K |
|
139
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $66.4M | 0.09% |
2,847,198
+213,011
| +8% | +$4.93M |
|
140
Prestige Consumer Healthcare
PBH
$2.37B
| $65.7M | 0.09% |
1,479,342
-468
| -0% | -$21.3K |
|
141
Bio-Rad Laboratories Class A
BIO
$8.74B
| $65.7M | 0.09% |
275,177
-2,264
| -0.8% | -$549K |
|
|
AAWW
142
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $63.7M | 0.08% |
1,086,283
-10,329
| -0.9% | -$616K |
|
143
Boston Beer
SAM
$1.93B
| $63.4M | 0.08% |
331,658
-2,324
| -0.7% | -$415K |
|
144
Teledyne Technologies
TDY
$30.1B
| $63.2M | 0.08% |
348,849
+19,179
| +6% | +$3.37M |
|
|
WMGI
145
DELISTED
Wright Medical Group Inc
WMGI
| $63.1M | 0.08% |
2,843,217
-47,572
| -2% | -$1.17M |
|
146
RLJ Lodging Trust
RLJ
$1.87B
| $63M | 0.08% |
2,868,960
-24,975
| -0.9% | -$543K |
|
147
Invesco QQQ Trust
QQQ
$450B
| $62.8M | 0.08% |
403,214
+28,242
| +8% | +$4.31M |
|
|
JHG
148
DELISTED
Janus Henderson
JHG
| $62.8M | 0.08% |
1,640,775
-10,050
| -0.6% | -$362K |
|
149
Diageo
DEO
$49.5B
| $61.7M | 0.08% |
422,482
+407,922
| +2,802% | +$56.2M |
|
150
Stratasys
SSYS
$697M
| $61.2M | 0.08% |
3,065,248
-17,652
| -0.6% | -$385K |
|
Similar funds
Ken Fisher's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Fisher held 984 positions worth $76.6B, up 7.4% from $71.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q4 2017 filing shows 141 new, 329 increased, 331 reduced and 62 closed positions. Its largest new stake was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M. The largest sale was Bank of America, an estimated $436M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2017 buy was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M.
- Ken Fisher added most to Costco in Q4 2017, an estimated $384M increase.
- Ken Fisher's biggest Q4 2017 reduction was Bank of America, cutting an estimated $436M.
- Ken Fisher fully exited Harley-Davidson in Q4 2017, selling an estimated $4.17M.
- Ken Fisher's ten largest holdings make up 24% of its $76.6B portfolio in Q4 2017.
- Ken Fisher opened 141 new positions and closed 62 in Q4 2017.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $76.6B.
Based on Fisher Asset Management's 13F filing for Q4 2017, filed 24 Jan 2018.