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 | |
|---|---|---|---|---|---|---|
151
Invesco QQQ Trust
QQQ
$450B
| $54.5M | 0.08% |
374,972
+17,587
| +5% | +$2.52M |
|
|
AXE
152
DELISTED
Anixter International Inc
AXE
| $54.2M | 0.08% |
637,691
-9,890
| -2% | -$760K |
|
|
INFN
153
DELISTED
Infinera Corporation Common Stock
INFN
| $54M | 0.08% |
6,089,914
+1,126,763
| +23% | +$10.8M |
|
154
Meta Platforms (Facebook)
META
$1.37T
| $52.6M | 0.07% |
307,838
+18,266
| +6% | +$3.05M |
|
155
Teledyne Technologies
TDY
$30.1B
| $52.5M | 0.07% |
329,670
-4,481
| -1% | -$651K |
|
156
Mid-America Apartment Communities
MAA
$15.5B
| $52.2M | 0.07% |
488,661
-36,052
| -7% | -$3.78M |
|
157
Boston Beer
SAM
$1.93B
| $52.2M | 0.07% |
333,982
+16,431
| +5% | +$2.4M |
|
|
MDP
158
DELISTED
Meredith Corporation
MDP
| $51.5M | 0.07% |
928,746
-5,210
| -0.6% | -$295K |
|
159
Integra LifeSciences
IART
$1.33B
| $50.7M | 0.07% |
1,005,255
-4,805
| -0.5% | -$247K |
|
160
Regal Rexnord
RRX
$13.5B
| $50.7M | 0.07% |
642,326
+13,942
| +2% | +$1.11M |
|
|
MZTI
161
The Marzetti Company
MZTI
$2.95B
| $50.4M | 0.07% |
419,791
+16,908
| +4% | +$2.04M |
|
162
UMB Financial
UMBF
$11.1B
| $50.2M | 0.07% |
674,037
-5,486
| -0.8% | -$384K |
|
|
THS
163
DELISTED
Treehouse Foods
THS
| $49.7M | 0.07% |
734,027
-3,067
| -0.4% | -$226K |
|
164
Blackrock
BLK
$170B
| $49.4M | 0.07% |
110,518
+1,115
| +1% | +$476K |
|
165
Charles River Laboratories
CRL
$11.3B
| $48.8M | 0.07% |
452,156
-5,416
| -1% | -$556K |
|
166
Mitsubishi UFJ Financial
MUFG
$254B
| $48.6M | 0.07% |
7,547,634
+25,529
| +0.3% | +$161K |
|
167
Vanguard FTSE Europe ETF
VGK
$30.8B
| $47.1M | 0.07% |
808,074
+55,059
| +7% | +$3.12M |
|
168
MSC Industrial Direct
MSM
$6.78B
| $46.9M | 0.07% |
620,882
-4,812
| -0.8% | -$349K |
|
|
ETFC
169
DELISTED
E*Trade Financial Corporation
ETFC
| $46.1M | 0.06% |
1,057,146
+611
| +0.1% | +$24.8K |
|
170
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $45.9M | 0.06% |
1,495,260
+8,380
| +0.6% | +$257K |
|
|
LUX
171
DELISTED
Luxottica Group
LUX
| $45.6M | 0.06% |
815,270
-3,221
| -0.4% | -$180K |
|
172
Mastercard
MA
$510B
| $45.4M | 0.06% |
321,219
+7,244
| +2% | +$959K |
|
173
Prosperity Bancshares
PB
$8.97B
| $44.6M | 0.06% |
677,935
-11,775
| -2% | -$737K |
|
174
Salesforce
CRM
$148B
| $41.8M | 0.06% |
447,855
-13,949
| -3% | -$1.28M |
|
175
Mueller Industries
MLI
$14.8B
| $41.6M | 0.06% |
4,757,376
-33,300
| -0.7% | -$255K |
|
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.