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 |
Walmart Inc
WMT
|
+$323M |
| 2 |
JD.com
JD
|
+$141M |
| 3 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$90.2M |
| 4 |
America Movil
AMX
|
+$62.6M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$60.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$351M |
| 2 |
EMBJ
Embraer S.A. ADS
EMBJ
|
+$104M |
| 3 |
FEIC
FEI COMPANY
FEIC
|
+$39.1M |
| 4 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$36.1M |
| 5 |
FBGX
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$28.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.08% |
| 2 | Healthcare | 14.41% |
| 3 | Technology | 13.36% |
| 4 | Consumer Discretionary | 8.06% |
| 5 | Industrials | 6.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.73B | 3.21% |
13,927,259
+752,436
| +6% | +$90.2M |
|
|
2
Amazon
AMZN
$2.53T
| $1.5B | 2.78% |
39,691,820
-10,370,220
| -21% | -$351M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.36B | 2.53% |
10,658,687
-294,998
| -3% | -$36.1M |
|
4
Johnson & Johnson
JNJ
$617B
| $1.33B | 2.47% |
10,845,150
-9,113
| -0.1% | -$1.04M |
|
5
Pfizer
PFE
$142B
| $1.15B | 2.13% |
33,437,655
-22,785
| -0.1% | -$727K |
|
6
Home Depot
HD
$332B
| $1.14B | 2.12% |
8,443,411
-16,144
| -0.2% | -$2.13M |
|
7
Visa
V
$673B
| $1.13B | 2.1% |
14,823,960
+36,167
| +0.2% | +$2.83M |
|
8
Apple
AAPL
$4.9T
| $1.1B | 2.04% |
45,259,760
-1,248
| -0% | -$31K |
|
9
GE Aerospace
GE
$368B
| $1.01B | 1.87% |
6,534,250
+33,728
| +0.5% | +$4.92M |
|
10
Microsoft
MSFT
$3.35T
| $962M | 1.79% |
18,300,756
+80,138
| +0.4% | +$4.16M |
|
11
Wells Fargo
WFC
$258B
| $911M | 1.69% |
18,955,345
-146,694
| -0.8% | -$7.15M |
|
12
JPMorgan Chase
JPM
$933B
| $872M | 1.62% |
13,996,473
-3,792
| -0% | -$237K |
|
13
RTX Corp
RTX
$289B
| $869M | 1.61% |
13,287,250
-21,453
| -0.2% | -$1.37M |
|
14
Walt Disney
DIS
$167B
| $867M | 1.61% |
8,674,051
+28,364
| +0.3% | +$2.84M |
|
15
Comcast
CMCSA
$84B
| $842M | 1.56% |
24,967,156
+185,472
| +0.7% | +$5.76M |
|
|
FBGX
16
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $814M | 1.51% |
6,166,605
-225,596
| -4% | -$28.1M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.1T
| $807M | 1.5% |
5,607,595
+23,877
| +0.4% | +$3.41M |
|
18
TSMC
TSM
$2.09T
| $795M | 1.48% |
29,241,549
+1,143,711
| +4% | +$28.5M |
|
19
American Express
AXP
$228B
| $729M | 1.35% |
11,734,142
-94,950
| -0.8% | -$6.01M |
|
20
Alphabet (Google) Class A
GOOGL
$4.08T
| $724M | 1.34% |
19,906,380
+440,540
| +2% | +$16.2M |
|
21
Procter & Gamble
PG
$335B
| $694M | 1.29% |
8,093,915
+91,671
| +1% | +$7.52M |
|
22
AB InBev
BUD
$166B
| $687M | 1.28% |
5,393,010
+101,061
| +2% | +$12.7M |
|
|
FLGE
23
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $686M | 1.27% |
5,175,020
+290,149
| +6% | +$36.3M |
|
24
Intel
INTC
$460B
| $683M | 1.27% |
19,856,887
+230,400
| +1% | +$7.22M |
|
|
NVO
25
Novo Nordisk
NVO
$228B
| $607M | 1.13% |
21,926,188
-431,430
| -2% | -$11.8M |
|
Similar funds
Ken Fisher's Q2 2016 Portfolio in Review
As of Q2 2016, Ken Fisher held 787 positions worth $53.9B, up 2.4% from $52.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2016 filing shows 43 new, 284 increased, 281 reduced and 42 closed positions. Its largest new stake was DST Systems Inc.: 280,332 shares worth $16.9M. The largest sale was Amazon, an estimated $351M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Ken Fisher's largest Q2 2016 buy was DST Systems Inc.: 280,332 shares worth $16.9M.
- Ken Fisher added most to Walmart Inc in Q2 2016, an estimated $323M increase.
- Ken Fisher's biggest Q2 2016 reduction was Amazon, cutting an estimated $351M.
- Ken Fisher fully exited Embraer S.A. ADS in Q2 2016, selling an estimated $104M.
- Ken Fisher's ten largest holdings make up 23% of its $53.9B portfolio in Q2 2016.
- Ken Fisher opened 43 new positions and closed 42 in Q2 2016.
- Ken Fisher's portfolio value rose 2.4% quarter-over-quarter to $53.9B.
Based on Fisher Asset Management's 13F filing for Q2 2016, filed 12 Jul 2016.