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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.77B | 3.14% |
14,344,697
+417,438
| +3% | +$51.4M |
|
2
Amazon
AMZN
$2.53T
| $1.66B | 2.94% |
39,546,820
-145,000
| -0.4% | -$5.55M |
|
|
FIGY
3
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.38B | 2.44% |
10,412,287
-246,400
| -2% | -$32.1M |
|
4
Apple
AAPL
$4.9T
| $1.29B | 2.28% |
45,489,236
+229,476
| +0.5% | +$6.07M |
|
5
Johnson & Johnson
JNJ
$617B
| $1.28B | 2.27% |
10,845,620
+470
| +0% | +$57K |
|
6
Visa
V
$673B
| $1.22B | 2.17% |
14,764,995
-58,965
| -0.4% | -$4.72M |
|
7
Home Depot
HD
$332B
| $1.09B | 1.94% |
8,480,515
+37,104
| +0.4% | +$4.94M |
|
8
Pfizer
PFE
$142B
| $1.08B | 1.91% |
33,555,532
+117,877
| +0.4% | +$3.94M |
|
9
Microsoft
MSFT
$3.35T
| $1.06B | 1.88% |
18,374,574
+73,818
| +0.4% | +$4.17M |
|
10
GE Aerospace
GE
$368B
| $932M | 1.65% |
6,563,642
+29,392
| +0.4% | +$4.39M |
|
11
JPMorgan Chase
JPM
$933B
| $925M | 1.64% |
13,894,275
-102,198
| -0.7% | -$6.66M |
|
12
TSMC
TSM
$2.09T
| $882M | 1.57% |
28,825,155
-416,394
| -1% | -$11.9M |
|
|
FBGX
13
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $872M | 1.55% |
6,364,657
+198,052
| +3% | +$26.8M |
|
14
RTX Corp
RTX
$289B
| $845M | 1.5% |
13,215,734
-71,516
| -0.5% | -$4.74M |
|
15
Comcast
CMCSA
$84B
| $827M | 1.47% |
24,924,854
-42,302
| -0.2% | -$1.41M |
|
16
Alphabet (Google) Class A
GOOGL
$4.08T
| $812M | 1.44% |
20,200,840
+294,460
| +1% | +$11.5M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.1T
| $811M | 1.44% |
5,613,785
+6,190
| +0.1% | +$905K |
|
18
Walt Disney
DIS
$167B
| $810M | 1.44% |
8,722,317
+48,266
| +0.6% | +$4.62M |
|
19
Wells Fargo
WFC
$258B
| $805M | 1.43% |
18,189,837
-765,508
| -4% | -$36.6M |
|
20
Intel
INTC
$460B
| $749M | 1.33% |
19,836,361
-20,526
| -0.1% | -$727K |
|
|
FLGE
21
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $748M | 1.33% |
5,429,004
+253,984
| +5% | +$34.5M |
|
22
Procter & Gamble
PG
$335B
| $727M | 1.29% |
8,103,484
+9,569
| +0.1% | +$831K |
|
23
AB InBev
BUD
$166B
| $714M | 1.27% |
5,430,421
+37,411
| +0.7% | +$4.73M |
|
|
24
American Express
AXP
$228B
| $675M | 1.2% |
10,532,878
-1,201,264
| -10% | -$77.2M |
|
25
Qualcomm
QCOM
$160B
| $664M | 1.18% |
9,691,241
+5,436
| +0.1% | +$331K |
|
Similar funds
Ken Fisher's Q3 2016 Portfolio in Review
As of Q3 2016, Ken Fisher held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Ken Fisher added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Ken Fisher's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Ken Fisher fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Ken Fisher's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Ken Fisher opened 67 new positions and closed 36 in Q3 2016.
- Ken Fisher's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.