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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.55% |
| 3 | Healthcare | 13.21% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Communication Services | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Vanguard FTSE Europe ETF
VGK
$30.8B
| $41.5M | 0.06% |
753,015
+138,052
| +22% | +$7.53M |
|
177
Veeco
VECO
$2.95B
| $41.2M | 0.06% |
1,479,678
-38,422
| -3% | -$1.18M |
|
|
ETFC
178
DELISTED
E*Trade Financial Corporation
ETFC
| $40.2M | 0.06% |
1,056,535
-37,872
| -3% | -$1.34M |
|
179
Salesforce
CRM
$148B
| $40M | 0.06% |
461,804
+176,449
| +62% | +$15.4M |
|
180
Canadian National Railway
CNI
$76.9B
| $39.9M | 0.06% |
492,167
-581,709
| -54% | -$44.4M |
|
181
Revvity
RVTY
$12.7B
| $39.6M | 0.06% |
581,447
-17,644
| -3% | -$1.1M |
|
|
182
Wells Fargo
WFC
$258B
| $38.3M | 0.06% |
691,992
-17,529,159
| -96% | -$939M |
|
183
Mastercard
MA
$510B
| $38.1M | 0.06% |
313,975
+3,872
| +1% | +$459K |
|
184
Texas Capital Bancshares
TCBI
$4.29B
| $38M | 0.06% |
490,305
-199,545
| -29% | -$15.4M |
|
185
Plexus
PLXS
$6.47B
| $37.5M | 0.06% |
712,562
-23,330
| -3% | -$1.24M |
|
186
iShares MSCI Japan ETF
EWJ
$22.1B
| $37.3M | 0.06% |
+694,579
| New | +$36.7M |
|
187
AAR Corp
AIR
$5.56B
| $37.2M | 0.06% |
1,069,352
-16,370
| -2% | -$568K |
|
188
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $37.1M | 0.06% |
468,318
+54,704
| +13% | +$4.17M |
|
189
Mueller Industries
MLI
$14.8B
| $36.5M | 0.06% |
4,790,676
-102,120
| -2% | -$789K |
|
190
Darling Ingredients
DAR
$9.69B
| $35.7M | 0.05% |
2,268,691
+212,240
| +10% | +$3.28M |
|
191
Perrigo
PRGO
$1.43B
| $35.2M | 0.05% |
465,952
-15,220
| -3% | -$1.09M |
|
|
CELG
192
DELISTED
Celgene Corp
CELG
| $34.3M | 0.05% |
263,929
+62,060
| +31% | +$7.6M |
|
|
WDR
193
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $33.8M | 0.05% |
1,792,407
-61,561
| -3% | -$1.08M |
|
|
FRC
194
DELISTED
First Republic Bank
FRC
| $33.6M | 0.05% |
335,699
-11,996
| -3% | -$1.13M |
|
195
PNC Financial Services
PNC
$99.2B
| $33.3M | 0.05% |
266,877
-239,379
| -47% | -$28.9M |
|
196
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $32.9M | 0.05% |
1,920,000
-269,540
| -12% | -$4.58M |
|
197
Gilead Sciences
GILD
$163B
| $32.6M | 0.05% |
460,155
+8,521
| +2% | +$567K |
|
198
Idacorp
IDA
$7.86B
| $31.6M | 0.05% |
369,993
-8,233
| -2% | -$706K |
|
|
MNDT
199
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $31.3M | 0.05% |
2,056,611
-4,278
| -0.2% | -$60.8K |
|
200
CONMED
CNMD
$1.41B
| $30.5M | 0.05% |
599,363
+10,312
| +2% | +$510K |
|
Similar funds
Ken Fisher's Q2 2017 Portfolio in Review
As of Q2 2017, Ken Fisher held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q2 2017 buy was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M.
- Ken Fisher added most to Alibaba in Q2 2017, an estimated $594M increase.
- Ken Fisher's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Ken Fisher fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Ken Fisher's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Ken Fisher opened 104 new positions and closed 75 in Q2 2017.
- Ken Fisher's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.