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 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$125M |
| 2 |
Chevron
CVX
|
+$74.5M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$69.7M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$69.2M |
| 5 |
Alibaba
BABA
|
+$60.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$116M |
| 2 |
ABB
ABB Ltd
ABB
|
+$109M |
| 3 |
Prudential
PUK
|
+$107M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$78.2M |
| 5 |
ExxonMobil
XOM
|
+$68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.96% |
| 2 | Healthcare | 14.07% |
| 3 | Technology | 13.49% |
| 4 | Consumer Discretionary | 8.15% |
| 5 | Industrials | 6.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRC
176
DELISTED
First Republic Bank
FRC
| $30M | 0.06% |
423,543
+3,230
| +0.8% | +$207K |
|
177
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $29.4M | 0.06% |
1,462,785
+32,415
| +2% | +$617K |
|
178
Texas Capital Bancshares
TCBI
$4.29B
| $29M | 0.06% |
710,415
-4,925
| -0.7% | -$182K |
|
179
Teledyne Technologies
TDY
$30.1B
| $28.9M | 0.05% |
321,760
+231
| +0.1% | +$19.2K |
|
180
Boeing
BA
$175B
| $28.9M | 0.05% |
220,199
-4,063
| -2% | -$504K |
|
181
Darling Ingredients
DAR
$9.69B
| $28.8M | 0.05% |
2,107,895
-8,076
| -0.4% | -$81.4K |
|
182
Meta Platforms (Facebook)
META
$1.37T
| $28.1M | 0.05% |
256,520
-54,662
| -18% | -$5.77M |
|
|
FBG
183
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $28.1M | 0.05% |
462,716
-20,791
| -4% | -$1.14M |
|
184
Invesco QQQ Trust
QQQ
$450B
| $27.5M | 0.05% |
248,784
-52,937
| -18% | -$5.5M |
|
185
Littelfuse
LFUS
$11.2B
| $27.4M | 0.05% |
227,419
+16,890
| +8% | +$1.86M |
|
|
TSS
186
DELISTED
Total System Services, Inc.
TSS
| $27.2M | 0.05% |
548,150
-6,215
| -1% | -$272K |
|
|
FIBG
187
DELISTED
CS FI Enhanced Big Cap Growth ETN
FIBG
| $27.1M | 0.05% |
454,978
-12,248
| -3% | -$655K |
|
188
Blackrock
BLK
$170B
| $27.1M | 0.05% |
75,737
-4,324
| -5% | -$1.37M |
|
|
ESRX
189
DELISTED
Express Scripts Holding Company
ESRX
| $26.7M | 0.05% |
375,624
-89,109
| -19% | -$6.41M |
|
190
United Natural Foods
UNFI
$3.01B
| $26.3M | 0.05% |
737,993
+44,660
| +6% | +$1.65M |
|
191
Vanguard FTSE Europe ETF
VGK
$30.8B
| $25.5M | 0.05% |
520,486
+15,516
| +3% | +$726K |
|
|
ETFC
192
DELISTED
E*Trade Financial Corporation
ETFC
| $25.5M | 0.05% |
1,039,803
+308,235
| +42% | +$7.46M |
|
193
MKS Inc
MKSI
$19.8B
| $25.4M | 0.05% |
662,634
-30,755
| -4% | -$1.05M |
|
194
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $25.4M | 0.05% |
290,171
-7,115
| -2% | -$604K |
|
195
AAR Corp
AIR
$5.56B
| $24.9M | 0.05% |
1,030,035
-7,885
| -0.8% | -$171K |
|
196
Biogen
BIIB
$30.7B
| $24.3M | 0.05% |
90,405
-20,070
| -18% | -$5.3M |
|
197
Mastercard
MA
$510B
| $24.2M | 0.05% |
250,623
+4,121
| +2% | +$364K |
|
198
Equifax
EFX
$20.7B
| $24.2M | 0.05% |
208,369
-5,115
| -2% | -$538K |
|
199
US Bancorp
USB
$98B
| $24.1M | 0.05% |
586,864
-100,740
| -15% | -$4.02M |
|
200
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $23.9M | 0.05% |
1,624,360
+49,920
| +3% | +$693K |
|
Similar funds
Ken Fisher's Q1 2016 Portfolio in Review
As of Q1 2016, Ken Fisher held 845 positions worth $52.6B, up 1.4% from $51.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q1 2016 filing shows 52 new, 265 increased, 294 reduced and 101 closed positions. Its largest new stake was JD.com: 2,269,246 shares worth $67.8M. The largest sale was HEARTLAND PAYMENT SYSTEMS, INC. COM STK, an estimated $116M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q1 2016 buy was JD.com: 2,269,246 shares worth $67.8M.
- Ken Fisher added most to SIEMENS AKTIENGESELLSCHAFT ADS in Q1 2016, an estimated $125M increase.
- Ken Fisher's biggest Q1 2016 reduction was ABB Ltd, cutting an estimated $109M.
- Ken Fisher fully exited HEARTLAND PAYMENT SYSTEMS, INC. COM STK in Q1 2016, selling an estimated $116M.
- Ken Fisher's ten largest holdings make up 23% of its $52.6B portfolio in Q1 2016.
- Ken Fisher opened 52 new positions and closed 101 in Q1 2016.
- Ken Fisher's portfolio value rose 1.4% quarter-over-quarter to $52.6B.
Based on Fisher Asset Management's 13F filing for Q1 2016, filed 18 Apr 2016.