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 | |
|---|---|---|---|---|---|---|
176
Invesco QQQ Trust
QQQ
$450B
| $36.8M | 0.06% |
310,381
+25,720
| +9% | +$3.03M |
|
|
WDR
177
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $36.6M | 0.06% |
1,877,514
-62,170
| -3% | -$1.16M |
|
178
NNN REIT
NNN
$9.16B
| $36.4M | 0.06% |
823,161
-42,895
| -5% | -$1.89M |
|
179
AAR Corp
AIR
$5.56B
| $36M | 0.06% |
1,090,264
-27,435
| -2% | -$945K |
|
|
FRC
180
DELISTED
First Republic Bank
FRC
| $34.9M | 0.06% |
378,345
-11,492
| -3% | -$938K |
|
181
Revvity
RVTY
$12.7B
| $34.8M | 0.06% |
666,941
-30,755
| -4% | -$1.61M |
|
182
Capitol Federal Financial
CFFN
$1.1B
| $34.4M | 0.06% |
2,088,689
-147,278
| -7% | -$2.26M |
|
|
EDR
183
DELISTED
Education Realty Trust Inc
EDR
| $34.3M | 0.06% |
811,222
-20,408
| -2% | -$836K |
|
184
United Natural Foods
UNFI
$3.01B
| $34.2M | 0.06% |
717,011
-24,188
| -3% | -$1.09M |
|
185
Acadia Realty Trust
AKR
$3.08B
| $33.8M | 0.06% |
1,033,784
-30,290
| -3% | -$1.01M |
|
186
United Parcel Service
UPS
$89.5B
| $33.6M | 0.06% |
292,752
+6,263
| +2% | +$706K |
|
187
Gilead Sciences
GILD
$163B
| $32.6M | 0.06% |
455,496
+10,967
| +2% | +$815K |
|
188
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $31.9M | 0.06% |
2,023,480
+177,130
| +10% | +$2.72M |
|
189
Idacorp
IDA
$7.86B
| $31.7M | 0.06% |
393,562
-148,025
| -27% | -$11.4M |
|
190
Mastercard
MA
$510B
| $31.6M | 0.06% |
305,894
+9,970
| +3% | +$1.03M |
|
191
iShares National Muni Bond ETF
MUB
$45.2B
| $31M | 0.05% |
286,785
+104,186
| +57% | +$11.4M |
|
192
Helmerich & Payne
HP
$3.37B
| $30.2M | 0.05% |
389,983
-6,966
| -2% | -$495K |
|
193
Meta Platforms (Facebook)
META
$1.37T
| $29.4M | 0.05% |
255,638
+17,539
| +7% | +$2.15M |
|
194
Biogen
BIIB
$30.7B
| $28.9M | 0.05% |
101,887
+1,169
| +1% | +$347K |
|
195
Blackrock
BLK
$170B
| $28.7M | 0.05% |
75,491
+3,430
| +5% | +$1.26M |
|
196
Progress Software
PRGS
$1.65B
| $28.7M | 0.05% |
899,586
-3,725
| -0.4% | -$108K |
|
197
Extra Space Storage
EXR
$31.3B
| $28.4M | 0.05% |
367,361
-38,163
| -9% | -$2.81M |
|
198
CONMED
CNMD
$1.41B
| $27.9M | 0.05% |
632,386
-963
| -0.2% | -$40.9K |
|
199
BP
BP
$114B
| $27.5M | 0.05% |
857,814
-14,134
| -2% | -$425K |
|
200
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $27.1M | 0.05% |
393,127
+51,913
| +15% | +$3.6M |
|
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.