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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
US Bancorp
USB
$98.1B
| $27.4M | 0.06% |
668,564
-103,642
| -13% | -$4.49M |
|
|
SWFT
177
DELISTED
Swift Transportation Company
SWFT
| $27.3M | 0.06% |
1,818,672
+140,679
| +8% | +$2.96M |
|
|
MGLN
178
DELISTED
Magellan Health Services, Inc.
MGLN
| $27.3M | 0.06% |
492,652
+323,447
| +191% | +$19.6M |
|
179
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $27.3M | 0.06% |
1,370,426
+60,824
| +5% | +$1.29M |
|
180
Capitol Federal Financial
CFFN
$1.09B
| $27.2M | 0.06% |
2,246,006
+163,705
| +8% | +$1.97M |
|
181
Avista
AVA
$3.34B
| $27.2M | 0.06% |
816,740
-30,110
| -4% | -$962K |
|
|
EDR
182
DELISTED
Education Realty Trust Inc
EDR
| $27.1M | 0.06% |
821,224
-25,800
| -3% | -$801K |
|
|
BID
183
DELISTED
Sotheby's
BID
| $27M | 0.06% |
843,080
-215,148
| -20% | -$8.24M |
|
184
Polaris
PII
$3.82B
| $26.8M | 0.06% |
223,972
-155
| -0.1% | -$21K |
|
|
FRC
185
DELISTED
First Republic Bank
FRC
| $26.8M | 0.06% |
427,115
+7,761
| +2% | +$486K |
|
|
FBG
186
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $26.7M | 0.06% |
499,035
-7,469
| -1% | -$430K |
|
|
CELG
187
DELISTED
Celgene Corp
CELG
| $26.5M | 0.06% |
244,564
+20,165
| +9% | +$2.5M |
|
|
TSS
188
DELISTED
Total System Services, Inc.
TSS
| $26M | 0.05% |
571,985
+23,724
| +4% | +$1.08M |
|
|
FIBG
189
DELISTED
CS FI Enhanced Big Cap Growth ETN
FIBG
| $25.3M | 0.05% |
482,244
-4,231
| -0.9% | -$239K |
|
190
Invesco QQQ Trust
QQQ
$453B
| $24.6M | 0.05% |
241,301
+17,281
| +8% | +$1.86M |
|
191
Primerica
PRI
$9.98B
| $24.5M | 0.05% |
543,166
-5,730
| -1% | -$251K |
|
192
Vanguard FTSE Europe ETF
VGK
$30.7B
| $24M | 0.05% |
487,346
+19,282
| +4% | +$1.02M |
|
193
Darling Ingredients
DAR
$9.64B
| $24M | 0.05% |
2,131,573
-83,575
| -4% | -$1.07M |
|
|
NTUS
194
DELISTED
Natus Medical Inc
NTUS
| $23.7M | 0.05% |
601,141
-9,025
| -1% | -$384K |
|
195
Blackrock
BLK
$169B
| $23.6M | 0.05% |
79,458
-8,300
| -9% | -$2.68M |
|
196
MKS Inc
MKSI
$20.1B
| $23.3M | 0.05% |
693,544
-2,525
| -0.4% | -$87.8K |
|
197
First American
FAF
$7.66B
| $22.3M | 0.05% |
+571,175
| New | +$22.6M |
|
|
INVX
198
Innovex International
INVX
$1.96B
| $21.9M | 0.05% |
376,956
-11,685
| -3% | -$744K |
|
199
Mastercard
MA
$507B
| $21.2M | 0.04% |
235,403
+3,681
| +2% | +$346K |
|
200
Equifax
EFX
$20.3B
| $21.1M | 0.04% |
217,537
+7,340
| +3% | +$729K |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.