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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.4B | 2.91% |
12,035,370
+491,365
| +4% | +$56.8M |
|
2
Amazon
AMZN
$2.53T
| $1.28B | 2.66% |
49,970,260
+159,420
| +0.3% | +$4.03M |
|
3
Apple
AAPL
$4.9T
| $1.23B | 2.56% |
44,488,872
+439,568
| +1% | +$12.9M |
|
|
FIGY
4
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.12B | 2.34% |
10,950,928
-138,460
| -1% | -$15.6M |
|
5
Visa
V
$673B
| $1.02B | 2.12% |
14,631,565
+82,119
| +0.6% | +$5.86M |
|
6
Pfizer
PFE
$142B
| $1B | 2.09% |
33,650,930
+116,077
| +0.3% | +$3.72M |
|
7
Johnson & Johnson
JNJ
$617B
| $998M | 2.08% |
10,689,483
+47,727
| +0.4% | +$4.62M |
|
8
Home Depot
HD
$332B
| $967M | 2.02% |
8,376,764
+44,452
| +0.5% | +$5.14M |
|
9
Wells Fargo
WFC
$258B
| $966M | 2.01% |
18,808,540
+104,974
| +0.6% | +$5.77M |
|
10
Alphabet (Google) Class C
GOOG
$4.08T
| $903M | 1.88% |
28,775,980
+322,340
| +1% | +$9.91M |
|
11
Walt Disney
DIS
$167B
| $870M | 1.81% |
8,508,493
+59,769
| +0.7% | +$6.51M |
|
12
American Express
AXP
$228B
| $858M | 1.79% |
11,580,345
-1,748
| -0% | -$134K |
|
13
JPMorgan Chase
JPM
$933B
| $843M | 1.76% |
13,821,255
+79,998
| +0.6% | +$5.24M |
|
14
Microsoft
MSFT
$3.35T
| $796M | 1.66% |
17,976,307
-11,565
| -0.1% | -$519K |
|
15
GE Aerospace
GE
$368B
| $778M | 1.62% |
6,437,352
+28,411
| +0.4% | +$3.48M |
|
16
RTX Corp
RTX
$289B
| $728M | 1.52% |
12,995,996
-48,092
| -0.4% | -$2.96M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.1T
| $720M | 1.5% |
5,521,565
+5,540
| +0.1% | +$759K |
|
18
Comcast
CMCSA
$84B
| $696M | 1.45% |
24,483,598
+114,100
| +0.5% | +$3.39M |
|
|
FEEU
19
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $695M | 1.45% |
7,548,855
-118,302
| -2% | -$12.7M |
|
|
FBGX
20
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $691M | 1.44% |
6,394,742
+241,813
| +4% | +$29.2M |
|
21
Bank of America
BAC
$433B
| $665M | 1.39% |
42,691,607
-2,834
| -0% | -$47.7K |
|
|
NVO
22
Novo Nordisk
NVO
$228B
| $632M | 1.32% |
23,304,536
-1,287,192
| -5% | -$36.4M |
|
23
Sanofi
SNY
$103B
| $631M | 1.31% |
13,295,966
+49,373
| +0.4% | +$2.51M |
|
|
BAY
24
DELISTED
BAYER AG SPONS ADR
BAY
| $602M | 1.25% |
4,712,759
+102,463
| +2% | +$13.1M |
|
25
Citigroup
C
$222B
| $590M | 1.23% |
11,890,928
+65,829
| +0.6% | +$3.6M |
|
Similar funds
Ken Fisher's Q3 2015 Portfolio in Review
As of Q3 2015, Ken Fisher held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Ken Fisher added most to AB InBev in Q3 2015, an estimated $543M increase.
- Ken Fisher's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Ken Fisher fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Ken Fisher's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Ken Fisher opened 146 new positions and closed 62 in Q3 2015.
- Ken Fisher's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.