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 |
Alphabet (Google) Class A
GOOGL
|
+$702M |
| 2 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$90.3M |
| 3 |
America Movil
AMX
|
+$71.3M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.1M |
| 5 |
Stratasys
SSYS
|
+$53.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$671M |
| 2 |
RYL
RYLAND GROUP INC
RYL
|
+$90.9M |
| 3 |
PMCS
P M C SIERRA INC
PMCS
|
+$76.3M |
| 4 |
BMR
BIOMED REALTY TRUST INC
BMR
|
+$40.1M |
| 5 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$38.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.64% |
| 2 | Healthcare | 14.19% |
| 3 | Technology | 13.13% |
| 4 | Consumer Discretionary | 7.98% |
| 5 | Industrials | 6.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.53T
| $1.69B | 3.25% |
49,951,940
-18,320
| -0% | -$577K |
|
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.43B | 2.76% |
12,572,937
+537,567
| +4% | +$62.1M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.23B | 2.36% |
10,958,034
+7,106
| +0.1% | +$806K |
|
4
Apple
AAPL
$4.9T
| $1.19B | 2.29% |
45,105,956
+617,084
| +1% | +$17.6M |
|
5
Visa
V
$673B
| $1.15B | 2.21% |
14,788,702
+157,137
| +1% | +$12.2M |
|
6
Home Depot
HD
$332B
| $1.12B | 2.16% |
8,466,178
+89,414
| +1% | +$11.4M |
|
7
Johnson & Johnson
JNJ
$617B
| $1.11B | 2.14% |
10,815,964
+126,481
| +1% | +$12.7M |
|
8
Pfizer
PFE
$142B
| $1.04B | 2.01% |
34,080,476
+429,546
| +1% | +$13.5M |
|
9
Wells Fargo
WFC
$258B
| $1.03B | 1.99% |
18,991,418
+182,878
| +1% | +$9.93M |
|
10
Microsoft
MSFT
$3.35T
| $1.01B | 1.95% |
18,219,161
+242,854
| +1% | +$12.8M |
|
11
GE Aerospace
GE
$368B
| $973M | 1.87% |
6,515,450
+78,098
| +1% | +$11.1M |
|
12
JPMorgan Chase
JPM
$933B
| $924M | 1.78% |
13,988,359
+167,104
| +1% | +$10.9M |
|
13
Walt Disney
DIS
$167B
| $905M | 1.74% |
8,615,291
+106,798
| +1% | +$11.9M |
|
14
American Express
AXP
$228B
| $816M | 1.57% |
11,728,523
+148,178
| +1% | +$10.8M |
|
|
FBGX
15
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $813M | 1.57% |
6,548,769
+154,027
| +2% | +$19M |
|
16
RTX Corp
RTX
$289B
| $793M | 1.53% |
13,120,622
+124,626
| +1% | +$7.54M |
|
|
17
Alphabet (Google) Class A
GOOGL
$4.08T
| $738M | 1.42% |
+18,980,280
| New | +$702M |
|
18
Berkshire Hathaway Class B
BRK.B
$1.1T
| $738M | 1.42% |
5,591,134
+69,569
| +1% | +$9.34M |
|
19
Bank of America
BAC
$433B
| $725M | 1.4% |
43,092,263
+400,656
| +0.9% | +$6.78M |
|
20
Comcast
CMCSA
$84B
| $700M | 1.35% |
24,820,038
+336,440
| +1% | +$10.1M |
|
|
FEEU
21
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $691M | 1.33% |
7,365,346
-183,509
| -2% | -$18.3M |
|
22
Intel
INTC
$460B
| $675M | 1.3% |
19,601,922
+243,857
| +1% | +$8.24M |
|
|
NVO
23
Novo Nordisk
NVO
$228B
| $665M | 1.28% |
22,894,826
-409,710
| -2% | -$11.3M |
|
24
TSMC
TSM
$2.09T
| $641M | 1.23% |
28,175,836
+658,433
| +2% | +$14.8M |
|
25
Procter & Gamble
PG
$335B
| $631M | 1.22% |
7,944,994
+114,843
| +1% | +$8.78M |
|
Similar funds
Ken Fisher's Q4 2015 Portfolio in Review
As of Q4 2015, Ken Fisher held 832 positions worth $51.9B, up 8.1% from $48B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q4 2015 filing shows 117 new, 382 increased, 189 reduced and 39 closed positions. Its largest new stake was Alphabet (Google) Class A: 18,980,280 shares worth $738M. The largest sale was Alphabet (Google) Class C, an estimated $671M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q4 2015 buy was Alphabet (Google) Class A: 18,980,280 shares worth $738M.
- Ken Fisher added most to CalAtlantic Group, Inc. in Q4 2015, an estimated $90.3M increase.
- Ken Fisher's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $671M.
- Ken Fisher fully exited RYLAND GROUP INC in Q4 2015, selling an estimated $90.9M.
- Ken Fisher's ten largest holdings make up 23% of its $51.9B portfolio in Q4 2015.
- Ken Fisher opened 117 new positions and closed 39 in Q4 2015.
- Ken Fisher's portfolio value rose 8.1% quarter-over-quarter to $51.9B.
Based on Fisher Asset Management's 13F filing for Q4 2015, filed 14 Jan 2016.