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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
WPP
WPP
$4.41B
| $41.2M | 0.06% |
444,405
+521
| +0.1% | +$51.1K |
|
177
Canadian National Railway
CNI
$76.9B
| $40.8M | 0.06% |
491,920
-247
| -0.1% | -$20K |
|
178
iShares MSCI Japan ETF
EWJ
$22.1B
| $40M | 0.06% |
717,870
+23,291
| +3% | +$1.27M |
|
179
AAR Corp
AIR
$5.56B
| $39.9M | 0.06% |
1,056,627
-12,725
| -1% | -$461K |
|
180
Plexus
PLXS
$6.47B
| $39.5M | 0.06% |
705,057
-7,505
| -1% | -$395K |
|
181
Revvity
RVTY
$12.7B
| $39.4M | 0.06% |
571,783
-9,664
| -2% | -$648K |
|
182
Darling Ingredients
DAR
$9.69B
| $39.3M | 0.06% |
2,243,446
-25,245
| -1% | -$427K |
|
183
Texas Capital Bancshares
TCBI
$4.29B
| $39.2M | 0.06% |
457,439
-32,866
| -7% | -$2.55M |
|
|
CELG
184
DELISTED
Celgene Corp
CELG
| $38.7M | 0.05% |
265,695
+1,766
| +0.7% | +$241K |
|
|
WDR
185
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $38.6M | 0.05% |
1,924,083
+131,676
| +7% | +$2.53M |
|
186
Gilead Sciences
GILD
$163B
| $38M | 0.05% |
469,400
+9,245
| +2% | +$707K |
|
187
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $37.9M | 0.05% |
463,590
-4,728
| -1% | -$380K |
|
188
Perrigo
PRGO
$1.43B
| $37.9M | 0.05% |
447,270
-18,682
| -4% | -$1.45M |
|
|
MNDT
189
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $36.7M | 0.05% |
2,187,245
+130,634
| +6% | +$2.01M |
|
190
Qualcomm
QCOM
$160B
| $36.5M | 0.05% |
703,913
-389,485
| -36% | -$20.6M |
|
191
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $35.8M | 0.05% |
2,012,070
+92,070
| +5% | +$1.61M |
|
|
FRC
192
DELISTED
First Republic Bank
FRC
| $34.8M | 0.05% |
333,278
-2,421
| -0.7% | -$240K |
|
193
Progress Software
PRGS
$1.65B
| $34.5M | 0.05% |
904,152
-7,190
| -0.8% | -$240K |
|
|
CONE
194
DELISTED
CyrusOne Inc Common Stock
CONE
| $34.2M | 0.05% |
580,216
+534,919
| +1,181% | +$31.9M |
|
195
Biogen
BIIB
$30.7B
| $33.8M | 0.05% |
107,864
-1,265
| -1% | -$375K |
|
|
MDRX
196
DELISTED
Veradigm Inc. Common Stock
MDRX
| $33.4M | 0.05% |
+2,343,733
| New | +$30.3M |
|
197
CONMED
CNMD
$1.41B
| $32.4M | 0.05% |
618,378
+19,015
| +3% | +$955K |
|
198
Texas Instruments
TXN
$255B
| $32.4M | 0.05% |
361,062
+2,113
| +0.6% | +$174K |
|
|
LNCE
199
DELISTED
Snyders-Lance, Inc.
LNCE
| $32.4M | 0.05% |
848,285
+63,839
| +8% | +$2.3M |
|
200
Idacorp
IDA
$7.86B
| $32.2M | 0.05% |
366,668
-3,325
| -0.9% | -$291K |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.