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 | |
|---|---|---|---|---|---|---|
201
D.R. Horton
DHI
$40.1B
| $20.9M | 0.04% |
710,545
+32,800
| +5% | +$966K |
|
202
Landstar System
LSTR
$5.91B
| $20.1M | 0.04% |
316,920
-8,125
| -2% | -$554K |
|
203
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $20.1M | 0.04% |
1,510,030
+56,840
| +4% | +$798K |
|
204
AAR Corp
AIR
$5.61B
| $19.7M | 0.04% |
1,037,948
-43,137
| -4% | -$1.12M |
|
205
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.1B
| $19.5M | 0.04% |
228,545
+205,806
| +905% | +$17.5M |
|
206
Helmerich & Payne
HP
$3.45B
| $19.3M | 0.04% |
408,311
-32,159
| -7% | -$1.82M |
|
207
State Street Health Care Select Sector SPDR ETF
XLV
$42B
| $18.9M | 0.04% |
285,985
+14,470
| +5% | +$1.06M |
|
208
Synopsys
SNPS
$73.7B
| $18.9M | 0.04% |
410,044
+58,244
| +17% | +$2.86M |
|
209
Amdocs
DOX
$5.87B
| $18.9M | 0.04% |
332,508
+31,608
| +11% | +$1.81M |
|
210
NETSCOUT
NTCT
$2.95B
| $18.8M | 0.04% |
530,584
+34,400
| +7% | +$1.3M |
|
|
211
Toyota
TM
$224B
| $18.6M | 0.04% |
158,392
-4,557,172
| -97% | -$571M |
|
212
CONMED
CNMD
$1.37B
| $18.5M | 0.04% |
387,933
-3,461
| -0.9% | -$190K |
|
213
Amgen
AMGN
$208B
| $18.5M | 0.04% |
133,632
-21,469
| -14% | -$3.38M |
|
214
Fidelity National Information Services
FIS
$23.2B
| $18.3M | 0.04% |
272,545
+11,149
| +4% | +$743K |
|
215
Ameriprise Financial
AMP
$48.5B
| $17.7M | 0.04% |
162,612
+3,159
| +2% | +$373K |
|
|
ETFC
216
DELISTED
E*Trade Financial Corporation
ETFC
| $17.6M | 0.04% |
669,622
+33,624
| +5% | +$932K |
|
217
Genpact
G
$6.01B
| $17.5M | 0.04% |
740,795
+39,770
| +6% | +$893K |
|
218
Zimmer Biomet
ZBH
$18.2B
| $17.4M | 0.04% |
191,332
+11,013
| +6% | +$1.1M |
|
219
Omnicell
OMCL
$1.61B
| $17.2M | 0.04% |
554,000
| – | – |
|
220
Toll Brothers
TOL
$13.7B
| $17.2M | 0.04% |
500,976
+21,230
| +4% | +$804K |
|
221
Kroger
KR
$35.4B
| $17M | 0.04% |
471,563
-7,685
| -2% | -$285K |
|
222
Littelfuse
LFUS
$11.3B
| $16.5M | 0.03% |
180,540
+22,900
| +15% | +$2.09M |
|
|
STJ
223
DELISTED
St Jude Medical
STJ
| $16.5M | 0.03% |
260,791
+16,144
| +7% | +$1.15M |
|
|
SGI
224
Somnigroup International
SGI
$13.9B
| $16.4M | 0.03% |
919,360
-22,800
| -2% | -$419K |
|
|
CBD
225
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $16M | 0.03% |
1,278,802
| – | – |
|
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.