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 |
Costco
COST
|
+$384M |
| 2 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$293M |
| 3 |
Walmart Inc
WMT
|
+$242M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$220M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$436M |
| 2 |
Home Depot
HD
|
+$261M |
| 3 |
Walt Disney
DIS
|
+$236M |
| 4 |
JPMorgan Chase
JPM
|
+$230M |
| 5 |
Comcast
CMCSA
|
+$219M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.23% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 11.95% |
| 4 | Consumer Discretionary | 8.3% |
| 5 | Consumer Staples | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Idacorp
IDA
$7.86B
| $33.3M | 0.04% |
364,769
-1,899
| -0.5% | -$177K |
|
202
Texas Instruments
TXN
$255B
| $33.2M | 0.04% |
317,798
-43,264
| -12% | -$4.21M |
|
|
COR
203
DELISTED
Coresite Realty Corporation
COR
| $32.4M | 0.04% |
284,545
-2,304
| -0.8% | -$263K |
|
204
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $32.4M | 0.04% |
1,705,250
-306,820
| -15% | -$5.67M |
|
205
Gilead Sciences
GILD
$163B
| $31.7M | 0.04% |
442,774
-26,626
| -6% | -$2.02M |
|
206
Biogen
BIIB
$30.7B
| $31.6M | 0.04% |
99,280
-8,584
| -8% | -$2.75M |
|
207
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $31.5M | 0.04% |
702,856
+160,289
| +30% | +$7.08M |
|
208
CONMED
CNMD
$1.41B
| $31.4M | 0.04% |
615,878
-2,500
| -0.4% | -$130K |
|
209
PayPal
PYPL
$49.3B
| $31.2M | 0.04% |
423,684
-52,999
| -11% | -$3.83M |
|
210
BP
BP
$114B
| $31M | 0.04% |
806,088
-10,339
| -1% | -$375K |
|
211
iShare MSCI Eurozone ETF
EZU
$9.65B
| $30.9M | 0.04% |
711,307
+56,103
| +9% | +$2.44M |
|
212
iShares Global Tech ETF
IXN
$8.34B
| $30.6M | 0.04% |
1,196,064
+82,482
| +7% | +$2.09M |
|
|
TSS
213
DELISTED
Total System Services, Inc.
TSS
| $30.5M | 0.04% |
385,902
-24,587
| -6% | -$1.79M |
|
214
3M
MMM
$90.8B
| $30.2M | 0.04% |
153,678
-4,969
| -3% | -$956K |
|
|
MNDT
215
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $29.9M | 0.04% |
2,103,296
-83,949
| -4% | -$1.28M |
|
|
FRC
216
DELISTED
First Republic Bank
FRC
| $27.6M | 0.04% |
318,048
-15,230
| -5% | -$1.44M |
|
|
CBD
217
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $27.4M | 0.04% |
1,163,708
+4,475
| +0.4% | +$104K |
|
218
Synopsys
SNPS
$71.3B
| $27.1M | 0.04% |
317,420
-19,204
| -6% | -$1.66M |
|
219
Acadia Realty Trust
AKR
$3.08B
| $26.9M | 0.04% |
982,473
-6,750
| -0.7% | -$193K |
|
|
EDR
220
DELISTED
Education Realty Trust Inc
EDR
| $26.8M | 0.04% |
767,965
-5,525
| -0.7% | -$199K |
|
221
Omnicell
OMCL
$1.69B
| $25.7M | 0.03% |
530,569
+1,650
| +0.3% | +$83.3K |
|
222
Coca-Cola
KO
$381B
| $25.2M | 0.03% |
550,071
+5,076
| +0.9% | +$233K |
|
223
Cooper Companies
COO
$14.2B
| $25.1M | 0.03% |
460,320
-22,436
| -5% | -$1.31M |
|
|
IPXL
224
DELISTED
Impax Laboratories, Inc.
IPXL
| $24.7M | 0.03% |
1,482,363
-11,675
| -0.8% | -$214K |
|
225
Toll Brothers
TOL
$14B
| $24.3M | 0.03% |
506,801
-25,744
| -5% | -$1.18M |
|
Similar funds
Ken Fisher's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Fisher held 984 positions worth $76.6B, up 7.4% from $71.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q4 2017 filing shows 141 new, 329 increased, 331 reduced and 62 closed positions. Its largest new stake was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M. The largest sale was Bank of America, an estimated $436M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2017 buy was HITACHI LTD ADR (10COM)NEW: 925,930 shares worth $72.2M.
- Ken Fisher added most to Costco in Q4 2017, an estimated $384M increase.
- Ken Fisher's biggest Q4 2017 reduction was Bank of America, cutting an estimated $436M.
- Ken Fisher fully exited Harley-Davidson in Q4 2017, selling an estimated $4.17M.
- Ken Fisher's ten largest holdings make up 24% of its $76.6B portfolio in Q4 2017.
- Ken Fisher opened 141 new positions and closed 62 in Q4 2017.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $76.6B.
Based on Fisher Asset Management's 13F filing for Q4 2017, filed 24 Jan 2018.