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 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$1.49B |
| 2 |
FFEU
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
|
+$423M |
| 3 |
SLB Ltd
SLB
|
+$408M |
| 4 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$340M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$180M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$1.59B |
| 2 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$464M |
| 3 |
Citigroup
C
|
+$340M |
| 4 |
American Express
AXP
|
+$206M |
| 5 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.58% |
| 2 | Technology | 14.9% |
| 3 | Healthcare | 12.05% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Consumer Staples | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Perrigo
PRGO
$1.4B
| $35.4M | 0.05% |
425,078
-14,903
| -3% | -$1.3M |
|
202
Prosperity Bancshares
PB
$8.97B
| $34.7M | 0.05% |
477,849
-192,316
| -29% | -$14.4M |
|
203
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $34.6M | 0.05% |
1,850,090
+144,840
| +8% | +$2.82M |
|
204
Progress Software
PRGS
$1.66B
| $34M | 0.05% |
885,049
-16,878
| -2% | -$774K |
|
205
Biogen
BIIB
$30B
| $33.8M | 0.04% |
123,409
+24,129
| +24% | +$7.49M |
|
206
Canadian National Railway
CNI
$76.9B
| $33.3M | 0.04% |
455,018
-39,895
| -8% | -$3.08M |
|
207
iShare MSCI Eurozone ETF
EZU
$9.64B
| $33.2M | 0.04% |
764,932
+53,625
| +8% | +$2.39M |
|
|
INVX
208
Innovex International
INVX
$1.96B
| $33.1M | 0.04% |
738,782
+373,301
| +102% | +$18.3M |
|
209
BP
BP
$116B
| $33.1M | 0.04% |
878,231
+72,143
| +9% | +$2.72M |
|
210
Idacorp
IDA
$8.27B
| $31.9M | 0.04% |
361,600
-3,169
| -0.9% | -$267K |
|
211
United Natural Foods
UNFI
$3.08B
| $30.4M | 0.04% |
708,958
+9,742
| +1% | +$441K |
|
212
Texas Capital Bancshares
TCBI
$4.3B
| $30.4M | 0.04% |
338,600
-117,397
| -26% | -$11M |
|
213
Mueller Industries
MLI
$14.7B
| $30.4M | 0.04% |
4,643,200
-77,076
| -2% | -$582K |
|
|
TSS
214
DELISTED
Total System Services, Inc.
TSS
| $30.2M | 0.04% |
349,795
-36,107
| -9% | -$3.1M |
|
|
CONE
215
DELISTED
CyrusOne Inc Common Stock
CONE
| $30M | 0.04% |
585,262
+740
| +0.1% | +$39.6K |
|
|
FRC
216
DELISTED
First Republic Bank
FRC
| $29.2M | 0.04% |
315,330
-2,718
| -0.9% | -$251K |
|
217
Owens Corning
OC
$11.2B
| $28.5M | 0.04% |
354,733
-26,730
| -7% | -$2.33M |
|
|
IPXL
218
DELISTED
Impax Laboratories, Inc.
IPXL
| $28.5M | 0.04% |
1,463,367
-18,996
| -1% | -$373K |
|
|
COR
219
DELISTED
Coresite Realty Corporation
COR
| $28.4M | 0.04% |
283,729
-816
| -0.3% | -$83.6K |
|
|
ESRX
220
DELISTED
Express Scripts Holding Company
ESRX
| $27.7M | 0.04% |
401,090
+98,768
| +33% | +$7.54M |
|
|
CELG
221
DELISTED
Celgene Corp
CELG
| $27.6M | 0.04% |
309,343
+78,237
| +34% | +$7.51M |
|
222
3M
MMM
$90.9B
| $27.5M | 0.04% |
149,884
-3,794
| -2% | -$752K |
|
|
THS
223
DELISTED
Treehouse Foods
THS
| $27.1M | 0.04% |
707,263
-18,639
| -3% | -$811K |
|
224
Verizon
VZ
$195B
| $25.1M | 0.03% |
525,626
+126,181
| +32% | +$6.34M |
|
|
MINI
225
DELISTED
Mobile Mini Inc
MINI
| $25.1M | 0.03% |
577,456
-62,510
| -10% | -$2.55M |
|
Similar funds
Ken Fisher's Q1 2018 Portfolio in Review
As of Q1 2018, Ken Fisher held 991 positions worth $75.4B, down 1.5% from $76.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2018 filing shows 69 new, 261 increased, 401 reduced and 162 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B. The largest sale was Barclays ETN+ FI Enhanced Global High Yield ETN, an estimated $1.59B.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2018 buy was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B.
- Ken Fisher added most to SLB Ltd in Q1 2018, an estimated $408M increase.
- Ken Fisher's biggest Q1 2018 reduction was Barclays ETN+ FI Enhanced Global High Yield ETN, cutting an estimated $1.59B.
- Ken Fisher fully exited CalAtlantic Group, Inc. in Q1 2018, selling an estimated $123M.
- Ken Fisher's ten largest holdings make up 26% of its $75.4B portfolio in Q1 2018.
- Ken Fisher opened 69 new positions and closed 162 in Q1 2018.
- Ken Fisher's portfolio value fell 1.5% quarter-over-quarter to $75.4B.
Based on Fisher Asset Management's 13F filing for Q1 2018, filed 19 Apr 2018.