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 | |
|---|---|---|---|---|---|---|
201
Bristol-Myers Squibb
BMY
$132B
| $32.2M | 0.05% |
504,493
-2,534
| -0.5% | -$148K |
|
|
COR
202
DELISTED
Coresite Realty Corporation
COR
| $32.1M | 0.05% |
+286,849
| New | +$31.5M |
|
203
Veeco
VECO
$2.95B
| $31.2M | 0.04% |
1,459,845
-19,833
| -1% | -$475K |
|
204
Owens Corning
OC
$11.2B
| $30.6M | 0.04% |
395,746
+46,456
| +13% | +$3.25M |
|
205
PayPal
PYPL
$49.3B
| $30.5M | 0.04% |
476,683
-46,423
| -9% | -$2.78M |
|
|
IPXL
206
DELISTED
Impax Laboratories, Inc.
IPXL
| $30.3M | 0.04% |
+1,494,038
| New | +$28.6M |
|
207
United Natural Foods
UNFI
$3.01B
| $29.3M | 0.04% |
704,159
+1,418
| +0.2% | +$52.8K |
|
208
Capitol Federal Financial
CFFN
$1.1B
| $29M | 0.04% |
1,974,248
-115,886
| -6% | -$1.61M |
|
209
Vanguard S&P 500 ETF
VOO
$972B
| $29M | 0.04% |
125,595
+33,913
| +37% | +$7.68M |
|
210
Cooper Companies
COO
$14.2B
| $28.6M | 0.04% |
482,756
-5,224
| -1% | -$319K |
|
211
iShare MSCI Eurozone ETF
EZU
$9.65B
| $28.4M | 0.04% |
655,204
+43,186
| +7% | +$1.81M |
|
212
Acadia Realty Trust
AKR
$3.08B
| $28.3M | 0.04% |
989,223
-8,250
| -0.8% | -$239K |
|
213
BP
BP
$114B
| $28.3M | 0.04% |
816,427
-13,769
| -2% | -$437K |
|
214
3M
MMM
$90.8B
| $27.8M | 0.04% |
158,647
-3,989
| -2% | -$691K |
|
|
EDR
215
DELISTED
Education Realty Trust Inc
EDR
| $27.8M | 0.04% |
773,490
-6,065
| -0.8% | -$232K |
|
|
CBD
216
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $27.4M | 0.04% |
1,159,233
-125,850
| -10% | -$2.87M |
|
217
Synopsys
SNPS
$71.3B
| $27.1M | 0.04% |
336,624
-41,590
| -11% | -$3.23M |
|
218
Omnicell
OMCL
$1.69B
| $27M | 0.04% |
528,919
+36,717
| +7% | +$1.76M |
|
|
TSS
219
DELISTED
Total System Services, Inc.
TSS
| $26.9M | 0.04% |
410,489
-6,598
| -2% | -$427K |
|
220
iShares Global Tech ETF
IXN
$8.34B
| $26.4M | 0.04% |
1,113,582
+54,444
| +5% | +$1.25M |
|
221
Autodesk
ADSK
$49.6B
| $25.2M | 0.04% |
224,197
-32,871
| -13% | -$3.63M |
|
222
Coca-Cola
KO
$381B
| $24.5M | 0.03% |
544,995
-71,792
| -12% | -$3.27M |
|
223
Amgen
AMGN
$209B
| $24.1M | 0.03% |
129,392
+2,855
| +2% | +$506K |
|
224
Nomura Holdings
NMR
$27.9B
| $24.1M | 0.03% |
4,319,740
+1,040,841
| +32% | +$5.97M |
|
225
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $23.6M | 0.03% |
542,567
+133,503
| +33% | +$5.66M |
|
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.