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 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$125M |
| 2 |
Chevron
CVX
|
+$74.5M |
| 3 |
BF
BASF AKTIENGESELLT ADS(RP1 ORD
BF
|
+$69.7M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$69.2M |
| 5 |
Alibaba
BABA
|
+$60.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$116M |
| 2 |
ABB
ABB Ltd
ABB
|
+$109M |
| 3 |
Prudential
PUK
|
+$107M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$78.2M |
| 5 |
ExxonMobil
XOM
|
+$68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.96% |
| 2 | Healthcare | 14.07% |
| 3 | Technology | 13.49% |
| 4 | Consumer Discretionary | 8.15% |
| 5 | Industrials | 6.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.58B | 2.99% |
13,174,823
+601,886
| +5% | +$69.2M |
|
2
Amazon
AMZN
$2.53T
| $1.57B | 2.98% |
50,062,040
+110,100
| +0.2% | +$3.12M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.34B | 2.55% |
10,953,685
-4,349
| -0% | -$464K |
|
4
Apple
AAPL
$4.9T
| $1.24B | 2.36% |
45,261,008
+155,052
| +0.3% | +$3.86M |
|
5
Johnson & Johnson
JNJ
$617B
| $1.2B | 2.27% |
10,854,263
+38,299
| +0.4% | +$3.97M |
|
6
Visa
V
$673B
| $1.18B | 2.25% |
14,787,793
-909
| -0% | -$66K |
|
7
Home Depot
HD
$332B
| $1.14B | 2.17% |
8,459,555
-6,623
| -0.1% | -$825K |
|
8
Pfizer
PFE
$142B
| $1.03B | 1.96% |
33,460,440
-620,036
| -2% | -$17.7M |
|
9
Microsoft
MSFT
$3.35T
| $1.01B | 1.93% |
18,220,618
+1,457
| +0% | +$76.4K |
|
10
GE Aerospace
GE
$368B
| $967M | 1.84% |
6,500,522
-14,928
| -0.2% | -$2.11M |
|
11
Wells Fargo
WFC
$258B
| $922M | 1.75% |
19,102,039
+110,621
| +0.6% | +$5.42M |
|
12
RTX Corp
RTX
$289B
| $876M | 1.66% |
13,308,703
+188,081
| +1% | +$10.9M |
|
13
JPMorgan Chase
JPM
$933B
| $866M | 1.65% |
14,000,265
+11,906
| +0.1% | +$695K |
|
14
Walt Disney
DIS
$167B
| $852M | 1.62% |
8,645,687
+30,396
| +0.4% | +$2.93M |
|
|
FBGX
15
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $814M | 1.55% |
6,392,201
-156,568
| -2% | -$17.4M |
|
16
Berkshire Hathaway Class B
BRK.B
$1.1T
| $801M | 1.52% |
5,583,718
-7,416
| -0.1% | -$983K |
|
17
Comcast
CMCSA
$84B
| $768M | 1.46% |
24,781,684
-38,354
| -0.2% | -$1.1M |
|
18
Alphabet (Google) Class A
GOOGL
$4.08T
| $759M | 1.44% |
19,465,840
+485,560
| +3% | +$17.9M |
|
19
American Express
AXP
$228B
| $735M | 1.4% |
11,829,092
+100,569
| +0.9% | +$5.85M |
|
20
TSMC
TSM
$2.09T
| $715M | 1.36% |
28,097,838
-77,998
| -0.3% | -$1.82M |
|
21
AB InBev
BUD
$166B
| $668M | 1.27% |
5,291,949
+425,253
| +9% | +$50.5M |
|
22
Procter & Gamble
PG
$335B
| $659M | 1.25% |
8,002,244
+57,250
| +0.7% | +$4.61M |
|
|
FEEU
23
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $639M | 1.21% |
7,167,768
-197,578
| -3% | -$15.8M |
|
|
NVO
24
Novo Nordisk
NVO
$228B
| $627M | 1.19% |
22,357,618
-537,208
| -2% | -$14.4M |
|
|
FLGE
25
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $623M | 1.18% |
4,884,871
+305,760
| +7% | +$34.1M |
|
Similar funds
Ken Fisher's Q1 2016 Portfolio in Review
As of Q1 2016, Ken Fisher held 845 positions worth $52.6B, up 1.4% from $51.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q1 2016 filing shows 52 new, 265 increased, 294 reduced and 101 closed positions. Its largest new stake was JD.com: 2,269,246 shares worth $67.8M. The largest sale was HEARTLAND PAYMENT SYSTEMS, INC. COM STK, an estimated $116M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q1 2016 buy was JD.com: 2,269,246 shares worth $67.8M.
- Ken Fisher added most to SIEMENS AKTIENGESELLSCHAFT ADS in Q1 2016, an estimated $125M increase.
- Ken Fisher's biggest Q1 2016 reduction was ABB Ltd, cutting an estimated $109M.
- Ken Fisher fully exited HEARTLAND PAYMENT SYSTEMS, INC. COM STK in Q1 2016, selling an estimated $116M.
- Ken Fisher's ten largest holdings make up 23% of its $52.6B portfolio in Q1 2016.
- Ken Fisher opened 52 new positions and closed 101 in Q1 2016.
- Ken Fisher's portfolio value rose 1.4% quarter-over-quarter to $52.6B.
Based on Fisher Asset Management's 13F filing for Q1 2016, filed 18 Apr 2016.