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 | |
|---|---|---|---|---|---|---|
151
Mitsubishi UFJ Financial
MUFG
$254B
| $51M | 0.09% |
8,276,321
-205,517
| -2% | -$1.17M |
|
152
Mueller Industries
MLI
$14.8B
| $50.1M | 0.09% |
5,018,420
-108,220
| -2% | -$955K |
|
|
THS
153
DELISTED
Treehouse Foods
THS
| $49.4M | 0.09% |
684,124
-26,485
| -4% | -$2.02M |
|
|
LUX
154
DELISTED
Luxottica Group
LUX
| $46.6M | 0.08% |
867,705
-31,119
| -3% | -$1.58M |
|
155
Veeco
VECO
$2.95B
| $45.8M | 0.08% |
1,570,581
-254,062
| -14% | -$6.35M |
|
156
Boeing
BA
$175B
| $45.8M | 0.08% |
293,895
+3,117
| +1% | +$455K |
|
157
Heartland Express
HTLD
$986M
| $45.4M | 0.08% |
2,231,867
-17,615
| -0.8% | -$354K |
|
158
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $45.4M | 0.08% |
1,952,376
+180,894
| +10% | +$3.88M |
|
159
Integra LifeSciences
IART
$1.33B
| $44.7M | 0.08% |
1,042,660
-10,150
| -1% | -$413K |
|
160
Honeywell
HON
$76.7B
| $43.8M | 0.08% |
418,855
-13,262
| -3% | -$1.35M |
|
|
SWFT
161
DELISTED
Swift Transportation Company
SWFT
| $43.8M | 0.08% |
1,796,128
-48,102
| -3% | -$1.12M |
|
162
AbbVie
ABBV
$455B
| $43.6M | 0.08% |
696,569
+12,527
| +2% | +$765K |
|
163
MKS Inc
MKSI
$19.8B
| $42.9M | 0.07% |
721,696
+900
| +0.1% | +$48.6K |
|
164
Perrigo
PRGO
$1.43B
| $42.8M | 0.07% |
514,718
-15,001
| -3% | -$1.3M |
|
|
ETFC
165
DELISTED
E*Trade Financial Corporation
ETFC
| $42.8M | 0.07% |
1,234,762
-27,603
| -2% | -$881K |
|
166
Plexus
PLXS
$6.47B
| $42.5M | 0.07% |
786,009
-12,805
| -2% | -$633K |
|
167
US Bancorp
USB
$98B
| $42M | 0.07% |
817,570
+1,840
| +0.2% | +$87.5K |
|
|
KATE
168
DELISTED
Kate Spade & Company
KATE
| $41.2M | 0.07% |
2,204,346
-31,015
| -1% | -$508K |
|
169
Regal Rexnord
RRX
$13.5B
| $40M | 0.07% |
576,893
-6,395
| -1% | -$423K |
|
170
Integer Holdings
ITGR
$3.42B
| $39.9M | 0.07% |
1,355,202
-29,315
| -2% | -$738K |
|
171
Teledyne Technologies
TDY
$30.1B
| $39.6M | 0.07% |
321,916
-5,521
| -2% | -$639K |
|
172
Bristol-Myers Squibb
BMY
$132B
| $38.2M | 0.07% |
653,730
+3,398
| +0.5% | +$186K |
|
173
Charles River Laboratories
CRL
$11.3B
| $37.3M | 0.07% |
490,104
-18,556
| -4% | -$1.41M |
|
174
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $36.9M | 0.06% |
337,285
-10,064
| -3% | -$1.1M |
|
175
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $36.8M | 0.06% |
429,756
+135,613
| +46% | +$11.8M |
|
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.