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 |
iShares MSCI Taiwan ETF
EWT
|
+$145M |
| 2 |
Qorvo
QRVO
|
+$134M |
| 3 |
Infosys
INFY
|
+$71.4M |
| 4 |
TTM
Tata Motors Limited
TTM
|
+$56.4M |
| 5 |
Dr. Reddy's Laboratories
RDY
|
+$56.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$154M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$51.1M |
| 3 |
NETGEAR
NTGR
|
+$39.5M |
| 4 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$37.1M |
| 5 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$26.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.41% |
| 2 | Healthcare | 14.51% |
| 3 | Technology | 13.39% |
| 4 | Consumer Discretionary | 7.23% |
| 5 | Industrials | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.37B | 2.75% |
11,288,050
+188,565
| +2% | +$22.9M |
|
2
Apple
AAPL
$4.9T
| $1.35B | 2.69% |
43,242,228
+186,432
| +0.4% | +$5.63M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.33B | 2.66% |
11,218,071
-309,391
| -3% | -$37.1M |
|
4
Pfizer
PFE
$142B
| $1.09B | 2.17% |
32,893,518
+12,497
| +0% | +$397K |
|
5
Johnson & Johnson
JNJ
$617B
| $1.05B | 2.1% |
10,456,816
+32,209
| +0.3% | +$3.28M |
|
6
Wells Fargo
WFC
$258B
| $1.01B | 2.01% |
18,537,247
+27,993
| +0.2% | +$1.51M |
|
7
RTX Corp
RTX
$289B
| $946M | 1.89% |
12,819,544
+39,752
| +0.3% | +$2.97M |
|
8
Home Depot
HD
$332B
| $943M | 1.88% |
8,297,491
+2,783
| +0% | +$307K |
|
9
Visa
V
$673B
| $936M | 1.87% |
14,316,089
+89,169
| +0.6% | +$5.9M |
|
10
Amazon
AMZN
$2.53T
| $917M | 1.83% |
49,312,420
+1,008,880
| +2% | +$17.7M |
|
11
American Express
AXP
$228B
| $888M | 1.78% |
11,372,034
+107,224
| +1% | +$8.91M |
|
12
Walt Disney
DIS
$167B
| $881M | 1.76% |
8,402,312
-2,103
| -0% | -$212K |
|
|
FEEU
13
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $851M | 1.7% |
7,774,841
-247,993
| -3% | -$26.8M |
|
14
JPMorgan Chase
JPM
$933B
| $823M | 1.64% |
13,578,128
+57,172
| +0.4% | +$3.39M |
|
15
Berkshire Hathaway Class B
BRK.B
$1.1T
| $785M | 1.57% |
5,442,459
+11,391
| +0.2% | +$1.68M |
|
16
Alphabet (Google) Class C
GOOG
$4.08T
| $771M | 1.54% |
28,005,719
+85,855
| +0.3% | +$2.3M |
|
17
GE Aerospace
GE
$368B
| $753M | 1.5% |
6,333,310
+16,110
| +0.3% | +$1.92M |
|
18
Microsoft
MSFT
$3.35T
| $722M | 1.44% |
17,760,972
+139,235
| +0.8% | +$6.06M |
|
|
FBGX
19
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $711M | 1.42% |
5,842,518
+226,770
| +4% | +$26.8M |
|
20
Comcast
CMCSA
$84B
| $684M | 1.37% |
24,217,892
-40,652
| -0.2% | -$1.17M |
|
|
NVO
21
Novo Nordisk
NVO
$228B
| $676M | 1.35% |
25,320,470
-758,826
| -3% | -$17.5M |
|
22
Toyota
TM
$227B
| $649M | 1.3% |
4,638,335
-3,295
| -0.1% | -$440K |
|
23
Bank of America
BAC
$433B
| $648M | 1.29% |
42,073,333
+140,769
| +0.3% | +$2.26M |
|
24
Qualcomm
QCOM
$160B
| $647M | 1.29% |
9,331,250
+110,214
| +1% | +$7.77M |
|
25
Sanofi
SNY
$103B
| $646M | 1.29% |
13,058,095
-26,938
| -0.2% | -$1.29M |
|
Similar funds
Ken Fisher's Q1 2015 Portfolio in Review
As of Q1 2015, Ken Fisher held 664 positions worth $50B, up 3.5% from $48.4B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q1 2015 filing shows 44 new, 219 increased, 244 reduced and 60 closed positions. Its largest new stake was iShares MSCI Taiwan ETF: 4,657,473 shares worth $147M. The largest sale was TRIQUINT SEMICONDUCTOR INC, an estimated $154M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 22% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q1 2015 buy was iShares MSCI Taiwan ETF: 4,657,473 shares worth $147M.
- Ken Fisher added most to Infosys in Q1 2015, an estimated $71.4M increase.
- Ken Fisher's biggest Q1 2015 reduction was Vanguard S&P 500 ETF, cutting an estimated $51.1M.
- Ken Fisher fully exited TRIQUINT SEMICONDUCTOR INC in Q1 2015, selling an estimated $154M.
- Ken Fisher's ten largest holdings make up 22% of its $50B portfolio in Q1 2015.
- Ken Fisher opened 44 new positions and closed 60 in Q1 2015.
- Ken Fisher's portfolio value rose 3.5% quarter-over-quarter to $50B.
Based on Fisher Asset Management's 13F filing for Q1 2015, filed 30 Apr 2015.