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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$607M |
| 2 |
Vodafone
VOD
|
+$318M |
| 3 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$267M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
Itaú Unibanco
ITUB
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$545M |
| 2 |
GE Aerospace
GE
|
+$284M |
| 3 |
NXP Semiconductors
NXPI
|
+$121M |
| 4 |
MENT
Mentor Graphics Corp
MENT
|
+$63.3M |
| 5 |
Heartland Express
HTLD
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.45% |
| 2 | Technology | 14.38% |
| 3 | Healthcare | 12.14% |
| 4 | Consumer Discretionary | 8.49% |
| 5 | Communication Services | 7.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.33B | 3.72% |
19,719,973
+5,165,161
| +35% | +$607M |
|
2
Amazon
AMZN
$2.53T
| $1.8B | 2.87% |
40,495,120
+440,640
| +1% | +$18.4M |
|
3
Apple
AAPL
$4.9T
| $1.67B | 2.68% |
46,553,580
+561,472
| +1% | +$18.5M |
|
|
FIGY
4
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.44B | 2.31% |
9,993,600
-231,202
| -2% | -$31.8M |
|
5
Johnson & Johnson
JNJ
$617B
| $1.38B | 2.21% |
11,093,898
+136,764
| +1% | +$16.3M |
|
6
Visa
V
$673B
| $1.35B | 2.16% |
15,163,968
+206,225
| +1% | +$17.7M |
|
7
Home Depot
HD
$332B
| $1.27B | 2.03% |
8,649,798
+108,242
| +1% | +$15.4M |
|
8
Microsoft
MSFT
$3.35T
| $1.23B | 1.97% |
18,652,532
+199,259
| +1% | +$12.8M |
|
9
JPMorgan Chase
JPM
$933B
| $1.22B | 1.95% |
13,889,188
-56,642
| -0.4% | -$5M |
|
10
Pfizer
PFE
$142B
| $1.12B | 1.79% |
34,528,545
+584,735
| +2% | +$18.4M |
|
11
Wells Fargo
WFC
$258B
| $1.01B | 1.62% |
18,221,151
-143,134
| -0.8% | -$8.12M |
|
12
Walt Disney
DIS
$167B
| $1B | 1.61% |
8,846,672
+101,808
| +1% | +$11.2M |
|
|
FBGX
13
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $988M | 1.58% |
6,066,085
-128,798
| -2% | -$19.9M |
|
|
FLGE
14
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $984M | 1.58% |
6,024,796
+314,028
| +5% | +$48.7M |
|
15
RTX Corp
RTX
$289B
| $958M | 1.53% |
13,562,746
+169,311
| +1% | +$11.9M |
|
16
Comcast
CMCSA
$84B
| $953M | 1.53% |
25,364,691
+313,543
| +1% | +$11.6M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.1T
| $953M | 1.53% |
5,717,964
+77,096
| +1% | +$12.9M |
|
18
TSMC
TSM
$2.09T
| $926M | 1.48% |
28,189,434
+184,195
| +0.7% | +$5.75M |
|
19
Alphabet (Google) Class A
GOOGL
$4.08T
| $908M | 1.45% |
21,427,260
+551,960
| +3% | +$23.2M |
|
20
American Express
AXP
$228B
| $861M | 1.38% |
10,879,001
+248,731
| +2% | +$19.4M |
|
21
Bank of America
BAC
$433B
| $854M | 1.37% |
36,184,100
+14,148
| +0% | +$336K |
|
22
Procter & Gamble
PG
$335B
| $743M | 1.19% |
8,265,762
+145,481
| +2% | +$12.9M |
|
23
Intel
INTC
$460B
| $727M | 1.17% |
20,167,657
+207,118
| +1% | +$7.5M |
|
|
24
GE Aerospace
GE
$368B
| $665M | 1.07% |
4,657,953
-1,963,206
| -30% | -$284M |
|
|
FIHD
25
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $641M | 1.03% |
4,572,168
+453,486
| +11% | +$60.5M |
|
Similar funds
Ken Fisher's Q1 2017 Portfolio in Review
As of Q1 2017, Ken Fisher held 865 positions worth $62.4B, up 8.7% from $57.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Fisher's Q1 2017 filing shows 82 new, 252 increased, 334 reduced and 92 closed positions. Its largest new stake was Vodafone: 12,420,913 shares worth $328M. The largest sale was State Street SPDR Portfolio Short Term Corporate Bond ETF, an estimated $545M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2017 buy was Vodafone: 12,420,913 shares worth $328M.
- Ken Fisher added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2017, an estimated $607M increase.
- Ken Fisher's biggest Q1 2017 reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, cutting an estimated $545M.
- Ken Fisher fully exited NXP Semiconductors in Q1 2017, selling an estimated $121M.
- Ken Fisher's ten largest holdings make up 24% of its $62.4B portfolio in Q1 2017.
- Ken Fisher opened 82 new positions and closed 92 in Q1 2017.
- Ken Fisher's portfolio value rose 8.7% quarter-over-quarter to $62.4B.
Based on Fisher Asset Management's 13F filing for Q1 2017, filed 25 Apr 2017.