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 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$353M |
| 2 |
Televisa
TV
|
+$92.4M |
| 3 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$38.2M |
| 4 |
DST
DST Systems Inc.
DST
|
+$36.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$315M |
| 2 |
CAB
Cabela's Inc
CAB
|
+$56.7M |
| 3 |
NXP Semiconductors
NXPI
|
+$48.7M |
| 4 |
TSMC
TSM
|
+$24.7M |
| 5 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.9% |
| 2 | Technology | 14.05% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 7.69% |
| 5 | Industrials | 6.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.71B | 2.97% |
14,554,812
+210,115
| +1% | +$25M |
|
2
Amazon
AMZN
$2.53T
| $1.5B | 2.62% |
40,054,480
+507,660
| +1% | +$19.9M |
|
3
Apple
AAPL
$4.9T
| $1.33B | 2.32% |
45,992,108
+502,872
| +1% | +$14.3M |
|
|
FIGY
4
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.33B | 2.31% |
10,224,802
-187,485
| -2% | -$23.7M |
|
5
Johnson & Johnson
JNJ
$617B
| $1.26B | 2.2% |
10,957,134
+111,514
| +1% | +$12.9M |
|
6
JPMorgan Chase
JPM
$933B
| $1.2B | 2.1% |
13,945,830
+51,555
| +0.4% | +$3.93M |
|
7
Visa
V
$673B
| $1.17B | 2.03% |
14,957,743
+192,748
| +1% | +$15.5M |
|
8
Microsoft
MSFT
$3.35T
| $1.15B | 2% |
18,453,273
+78,699
| +0.4% | +$4.73M |
|
9
Home Depot
HD
$332B
| $1.15B | 1.99% |
8,541,556
+61,041
| +0.7% | +$7.87M |
|
10
Pfizer
PFE
$142B
| $1.05B | 1.82% |
33,943,810
+388,278
| +1% | +$11.9M |
|
11
Wells Fargo
WFC
$258B
| $1.01B | 1.76% |
18,364,285
+174,448
| +1% | +$8.77M |
|
12
GE Aerospace
GE
$368B
| $1B | 1.75% |
6,621,159
+57,517
| +0.9% | +$8.35M |
|
13
RTX Corp
RTX
$289B
| $924M | 1.61% |
13,393,435
+177,701
| +1% | +$11.8M |
|
14
Berkshire Hathaway Class B
BRK.B
$1.1T
| $919M | 1.6% |
5,640,868
+27,083
| +0.5% | +$4.17M |
|
15
Walt Disney
DIS
$167B
| $911M | 1.59% |
8,744,864
+22,547
| +0.3% | +$2.2M |
|
16
Comcast
CMCSA
$84B
| $865M | 1.51% |
25,051,148
+126,294
| +0.5% | +$4.22M |
|
|
FBGX
17
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $858M | 1.49% |
6,194,883
-169,774
| -3% | -$22.9M |
|
|
18
Alphabet (Google) Class A
GOOGL
$4.08T
| $827M | 1.44% |
20,875,300
+674,460
| +3% | +$27M |
|
|
19
TSMC
TSM
$2.09T
| $805M | 1.4% |
28,005,239
-819,916
| -3% | -$24.7M |
|
20
Bank of America
BAC
$433B
| $799M | 1.39% |
36,169,952
+415,715
| +1% | +$8.01M |
|
|
FLGE
21
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $793M | 1.38% |
5,710,768
+281,764
| +5% | +$38.2M |
|
22
American Express
AXP
$228B
| $787M | 1.37% |
10,630,270
+97,392
| +0.9% | +$6.74M |
|
23
Intel
INTC
$460B
| $724M | 1.26% |
19,960,539
+124,178
| +0.6% | +$4.45M |
|
24
Procter & Gamble
PG
$335B
| $683M | 1.19% |
8,120,281
+16,797
| +0.2% | +$1.43M |
|
25
Qualcomm
QCOM
$160B
| $632M | 1.1% |
9,688,348
-2,893
| -0% | -$194K |
|
Similar funds
Ken Fisher's Q4 2016 Portfolio in Review
As of Q4 2016, Ken Fisher held 837 positions worth $57.4B, up 2% from $56.3B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q4 2016 filing shows 61 new, 208 increased, 401 reduced and 54 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M. The largest sale was FI Enhanced Global High Yield Exchange Traded Notes, an estimated $315M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q4 2016 buy was Barclays ETN+ FI Enhanced Europe 50 ETN Series B: 174,286 shares worth $18.7M.
- Ken Fisher added most to UBS AG FI Enhanced Global High Yield ETN in Q4 2016, an estimated $353M increase.
- Ken Fisher's biggest Q4 2016 reduction was FI Enhanced Global High Yield Exchange Traded Notes, cutting an estimated $315M.
- Ken Fisher fully exited Cabela's Inc in Q4 2016, selling an estimated $56.7M.
- Ken Fisher's ten largest holdings make up 22% of its $57.4B portfolio in Q4 2016.
- Ken Fisher opened 61 new positions and closed 54 in Q4 2016.
- Ken Fisher's portfolio value rose 2% quarter-over-quarter to $57.4B.
Based on Fisher Asset Management's 13F filing for Q4 2016, filed 10 Jan 2017.