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
|
+$294M |
| 2 |
Alibaba
BABA
|
+$112M |
| 3 |
Infosys
INFY
|
+$57.7M |
| 4 |
HDFC Bank
HDB
|
+$57.1M |
| 5 |
TTM
Tata Motors Limited
TTM
|
+$49.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$428M |
| 2 |
BHP
BHP
|
+$107M |
| 3 |
Rio Tinto
RIO
|
+$55.7M |
| 4 |
Qorvo
QRVO
|
+$52.2M |
| 5 |
OUTR
OUTERWALL INC
OUTR
|
+$43.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.5% |
| 2 | Healthcare | 14.68% |
| 3 | Technology | 13.07% |
| 4 | Consumer Discretionary | 7.61% |
| 5 | Industrials | 6.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $1.38B | 2.68% |
44,049,304
+807,076
| +2% | +$25.8M |
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.34B | 2.6% |
11,544,005
+255,955
| +2% | +$30.3M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.3B | 2.53% |
11,089,388
-128,683
| -1% | -$16.1M |
|
4
Amazon
AMZN
$2.53T
| $1.08B | 2.1% |
49,810,840
+498,420
| +1% | +$10.4M |
|
5
Pfizer
PFE
$142B
| $1.07B | 2.07% |
33,534,853
+641,335
| +2% | +$20.9M |
|
6
Wells Fargo
WFC
$258B
| $1.05B | 2.04% |
18,703,566
+166,319
| +0.9% | +$9.27M |
|
7
Johnson & Johnson
JNJ
$617B
| $1.04B | 2.02% |
10,641,756
+184,940
| +2% | +$18.5M |
|
8
Visa
V
$673B
| $977M | 1.9% |
14,549,446
+233,357
| +2% | +$15.8M |
|
9
Walt Disney
DIS
$167B
| $964M | 1.87% |
8,448,724
+46,412
| +0.6% | +$5.1M |
|
10
JPMorgan Chase
JPM
$933B
| $931M | 1.81% |
13,741,257
+163,129
| +1% | +$10.7M |
|
11
Home Depot
HD
$332B
| $926M | 1.8% |
8,332,312
+34,821
| +0.4% | +$3.9M |
|
12
RTX Corp
RTX
$289B
| $911M | 1.77% |
13,044,088
+224,544
| +2% | +$16.5M |
|
13
American Express
AXP
$228B
| $900M | 1.75% |
11,582,093
+210,059
| +2% | +$16.7M |
|
|
FEEU
14
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $859M | 1.67% |
7,667,157
-107,684
| -1% | -$12.8M |
|
15
GE Aerospace
GE
$368B
| $816M | 1.59% |
6,408,941
+75,631
| +1% | +$9.81M |
|
16
Microsoft
MSFT
$3.35T
| $794M | 1.54% |
17,987,872
+226,900
| +1% | +$10.4M |
|
17
Alphabet (Google) Class C
GOOG
$4.08T
| $757M | 1.47% |
28,453,640
+447,921
| +2% | +$12M |
|
18
Berkshire Hathaway Class B
BRK.B
$1.1T
| $751M | 1.46% |
5,516,025
+73,566
| +1% | +$10.5M |
|
|
FBGX
19
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $748M | 1.45% |
6,152,929
+310,411
| +5% | +$39M |
|
20
Comcast
CMCSA
$84B
| $733M | 1.42% |
24,369,498
+151,606
| +0.6% | +$4.45M |
|
21
Bank of America
BAC
$433B
| $727M | 1.41% |
42,694,441
+621,108
| +1% | +$10.2M |
|
|
NVO
22
Novo Nordisk
NVO
$228B
| $673M | 1.31% |
24,591,728
-728,742
| -3% | -$20.5M |
|
23
Sanofi
SNY
$103B
| $656M | 1.28% |
13,246,593
+188,498
| +1% | +$9.55M |
|
24
Citigroup
C
$222B
| $653M | 1.27% |
11,825,099
+133,550
| +1% | +$7.27M |
|
|
BAY
25
DELISTED
BAYER AG SPONS ADR
BAY
| $645M | 1.25% |
4,610,296
+2,101,221
| +84% | +$294M |
|
Similar funds
Ken Fisher's Q2 2015 Portfolio in Review
As of Q2 2015, Ken Fisher held 665 positions worth $51.4B, up 2.8% from $50B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q2 2015 filing shows 61 new, 277 increased, 210 reduced and 34 closed positions. Its largest new stake was Alibaba: 1,306,608 shares worth $107M. The largest sale was Royal Bank of Canada, an estimated $428M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q2 2015 buy was Alibaba: 1,306,608 shares worth $107M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q2 2015, an estimated $294M increase.
- Ken Fisher's biggest Q2 2015 reduction was Royal Bank of Canada, cutting an estimated $428M.
- Ken Fisher fully exited OUTERWALL INC in Q2 2015, selling an estimated $43.9M.
- Ken Fisher's ten largest holdings make up 22% of its $51.4B portfolio in Q2 2015.
- Ken Fisher opened 61 new positions and closed 34 in Q2 2015.
- Ken Fisher's portfolio value rose 2.8% quarter-over-quarter to $51.4B.
Based on Fisher Asset Management's 13F filing for Q2 2015, filed 17 Jul 2015.