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 | |
|---|---|---|---|---|---|---|
201
Landstar System
LSTR
$5.75B
| $27M | 0.05% |
316,797
-3,070
| -1% | -$239K |
|
202
Darling Ingredients
DAR
$9.69B
| $26.8M | 0.05% |
2,075,252
-32,685
| -2% | -$443K |
|
203
Vanguard FTSE Europe ETF
VGK
$30.8B
| $26.7M | 0.05% |
556,849
+64,039
| +13% | +$3.02M |
|
|
SHPG
204
DELISTED
Shire pic
SHPG
| $25.8M | 0.04% |
151,274
-14,894
| -9% | -$2.64M |
|
205
Synopsys
SNPS
$71.3B
| $25.1M | 0.04% |
427,251
-1,601
| -0.4% | -$95.3K |
|
|
ESRX
206
DELISTED
Express Scripts Holding Company
ESRX
| $24.3M | 0.04% |
353,137
+5,780
| +2% | +$414K |
|
|
CELG
207
DELISTED
Celgene Corp
CELG
| $23.6M | 0.04% |
203,488
+3,718
| +2% | +$414K |
|
|
INVX
208
Innovex International
INVX
$1.85B
| $22.9M | 0.04% |
380,602
-4,048
| -1% | -$225K |
|
|
TSS
209
DELISTED
Total System Services, Inc.
TSS
| $22.5M | 0.04% |
459,039
-17,853
| -4% | -$877K |
|
|
BID
210
DELISTED
Sotheby's
BID
| $22.1M | 0.04% |
555,456
-300,255
| -35% | -$11.4M |
|
211
Equifax
EFX
$20.7B
| $22.1M | 0.04% |
187,118
+1,912
| +1% | +$234K |
|
212
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $21.9M | 0.04% |
259,586
+5,671
| +2% | +$480K |
|
213
Hancock Whitney
HWC
$6.14B
| $21.6M | 0.04% |
501,215
-15,034
| -3% | -$572K |
|
|
CBD
214
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $21.3M | 0.04% |
1,285,083
| – | – |
|
|
NTUS
215
DELISTED
Natus Medical Inc
NTUS
| $21.2M | 0.04% |
610,049
-1,767
| -0.3% | -$69.4K |
|
216
Autodesk
ADSK
$49.6B
| $21.2M | 0.04% |
286,246
-10,619
| -4% | -$782K |
|
217
Cullen/Frost Bankers
CFR
$10.3B
| $21.2M | 0.04% |
239,780
-8,013
| -3% | -$643K |
|
218
UFP Industries
UFPI
$4.87B
| $21.1M | 0.04% |
618,123
-105,165
| -15% | -$3.43M |
|
219
Avista
AVA
$3.39B
| $20.7M | 0.04% |
517,941
-225,915
| -30% | -$9.14M |
|
220
COPT Defense Properties
CDP
$4.35B
| $20.6M | 0.04% |
661,344
-12,815
| -2% | -$364K |
|
221
Polaris
PII
$3.88B
| $20.5M | 0.04% |
248,658
+42,949
| +21% | +$3.5M |
|
222
Cooper Companies
COO
$14.2B
| $20.2M | 0.04% |
461,412
+1,516
| +0.3% | +$66.2K |
|
223
Owens Corning
OC
$11.2B
| $19.9M | 0.03% |
385,198
-1,944
| -0.5% | -$101K |
|
224
Oceaneering
OII
$4.74B
| $19.3M | 0.03% |
685,398
-13,335
| -2% | -$359K |
|
|
MINI
225
DELISTED
Mobile Mini Inc
MINI
| $19M | 0.03% |
627,104
-30,800
| -5% | -$904K |
|
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.