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 | |
|---|---|---|---|---|---|---|
|
MDP
151
DELISTED
Meredith Corporation
MDP
| $60.9M | 0.08% |
922,389
-6,357
| -0.7% | -$383K |
|
152
MKS Inc
MKSI
$19.8B
| $60.7M | 0.08% |
642,791
-9,628
| -1% | -$959K |
|
153
Cemex
CX
$17.2B
| $60.6M | 0.08% |
8,078,930
-2,127
| -0% | -$16.8K |
|
154
AbbVie
ABBV
$455B
| $59.2M | 0.08% |
612,650
-70,624
| -10% | -$6.66M |
|
|
CADE
155
DELISTED
Cadence Bank
CADE
| $58M | 0.08% |
1,843,095
-24,333
| -1% | -$782K |
|
156
MSC Industrial Direct
MSM
$6.78B
| $57.7M | 0.08% |
596,779
-24,103
| -4% | -$2.01M |
|
157
Henry Schein
HSIC
$9.7B
| $57M | 0.07% |
1,040,795
-35,440
| -3% | -$2.06M |
|
158
Integer Holdings
ITGR
$3.42B
| $55.2M | 0.07% |
1,219,064
-29,165
| -2% | -$1.42M |
|
159
Regal Rexnord
RRX
$13.5B
| $54M | 0.07% |
705,483
+63,157
| +10% | +$4.91M |
|
|
MZTI
160
The Marzetti Company
MZTI
$2.95B
| $53.9M | 0.07% |
417,241
-2,550
| -0.6% | -$322K |
|
161
Blackrock
BLK
$170B
| $53.4M | 0.07% |
103,996
-6,522
| -6% | -$3.17M |
|
162
Vanguard FTSE Europe ETF
VGK
$30.8B
| $52.9M | 0.07% |
894,797
+86,723
| +11% | +$5.06M |
|
|
PC
163
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
| $52.5M | 0.07% |
+3,588,694
| New | +$52.5M |
|
164
Meta Platforms (Facebook)
META
$1.37T
| $51.5M | 0.07% |
291,959
-15,879
| -5% | -$2.81M |
|
165
iShares MSCI Japan ETF
EWJ
$22.1B
| $51M | 0.07% |
851,471
+133,601
| +19% | +$7.84M |
|
|
LUX
166
DELISTED
Luxottica Group
LUX
| $49.9M | 0.07% |
813,072
-2,198
| -0.3% | -$135K |
|
|
ETFC
167
DELISTED
E*Trade Financial Corporation
ETFC
| $49.8M | 0.07% |
1,004,910
-52,236
| -5% | -$2.4M |
|
168
Mastercard
MA
$510B
| $49.4M | 0.06% |
326,158
+4,939
| +2% | +$734K |
|
169
Mid-America Apartment Communities
MAA
$15.5B
| $48.8M | 0.06% |
485,702
-2,959
| -0.6% | -$307K |
|
|
AXE
170
DELISTED
Anixter International Inc
AXE
| $48.2M | 0.06% |
634,541
-3,150
| -0.5% | -$232K |
|
171
Charles River Laboratories
CRL
$11.3B
| $47.7M | 0.06% |
436,028
-16,128
| -4% | -$1.76M |
|
172
Integra LifeSciences
IART
$1.33B
| $47.6M | 0.06% |
995,390
-9,865
| -1% | -$483K |
|
173
Nomura Holdings
NMR
$27.9B
| $47.2M | 0.06% |
8,108,584
+3,788,844
| +88% | +$21.9M |
|
174
UMB Financial
UMBF
$11.1B
| $47.1M | 0.06% |
654,552
-19,485
| -3% | -$1.43M |
|
175
Prosperity Bancshares
PB
$8.97B
| $47M | 0.06% |
670,165
-7,770
| -1% | -$519K |
|
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.