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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.55% |
| 3 | Healthcare | 13.21% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Communication Services | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.53B | 3.82% |
21,030,932
+1,310,959
| +7% | +$157M |
|
2
Amazon
AMZN
$2.53T
| $1.65B | 2.48% |
34,010,220
-6,484,900
| -16% | -$309M |
|
3
Johnson & Johnson
JNJ
$617B
| $1.52B | 2.29% |
11,499,415
+405,517
| +4% | +$51.7M |
|
4
Apple
AAPL
$4.9T
| $1.52B | 2.29% |
42,234,436
-4,319,144
| -9% | -$160M |
|
|
FIGY
5
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.51B | 2.27% |
9,879,996
-113,604
| -1% | -$16.9M |
|
6
Visa
V
$673B
| $1.46B | 2.21% |
15,616,151
+452,183
| +3% | +$42M |
|
|
7
Alibaba
BABA
$279B
| $1.45B | 2.19% |
10,318,873
+4,813,431
| +87% | +$594M |
|
8
TSMC
TSM
$2.09T
| $1.21B | 1.82% |
34,471,281
+6,281,847
| +22% | +$217M |
|
|
FLGE
9
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.15B | 1.73% |
6,419,199
+394,403
| +7% | +$68.3M |
|
10
Pfizer
PFE
$142B
| $1.14B | 1.72% |
35,873,272
+1,344,727
| +4% | +$42.4M |
|
11
Microsoft
MSFT
$3.35T
| $1.1B | 1.66% |
16,005,206
-2,647,326
| -14% | -$182M |
|
|
FBGX
12
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.07B | 1.61% |
5,990,159
-75,926
| -1% | -$13.1M |
|
13
Alphabet (Google) Class A
GOOGL
$4.08T
| $950M | 1.43% |
20,430,120
-997,140
| -5% | -$46.6M |
|
14
American Express
AXP
$228B
| $947M | 1.43% |
11,247,348
+368,347
| +3% | +$29.1M |
|
|
15
Home Depot
HD
$332B
| $817M | 1.23% |
5,327,142
-3,322,656
| -38% | -$510M |
|
|
FIHD
16
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $774M | 1.17% |
5,173,054
+600,886
| +13% | +$87.5M |
|
17
Procter & Gamble
PG
$335B
| $753M | 1.13% |
8,635,829
+370,067
| +4% | +$32.6M |
|
|
SI
18
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $715M | 1.08% |
10,420,749
+2,697,400
| +35% | +$185M |
|
19
HDFC Bank
HDB
$124B
| $708M | 1.07% |
32,553,896
-100,260
| -0.3% | -$2.09M |
|
20
Intel
INTC
$460B
| $702M | 1.06% |
20,791,355
+623,698
| +3% | +$22.3M |
|
21
UBS Group
UBS
$175B
| $682M | 1.03% |
40,167,025
+2,639,249
| +7% | +$42.9M |
|
|
22
Vodafone
VOD
$37.2B
| $681M | 1.03% |
23,702,619
+11,281,706
| +91% | +$314M |
|
23
SAP
SAP
$209B
| $676M | 1.02% |
6,462,281
+238,908
| +4% | +$24.6M |
|
24
PepsiCo
PEP
$191B
| $667M | 1.01% |
5,775,278
+277,607
| +5% | +$31.8M |
|
25
Sanofi
SNY
$103B
| $653M | 0.99% |
13,638,458
+1,022,953
| +8% | +$48.9M |
|
Similar funds
Ken Fisher's Q2 2017 Portfolio in Review
As of Q2 2017, Ken Fisher held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q2 2017 buy was Sumitomo Mitsui Financial: 48,974,918 shares worth $385M.
- Ken Fisher added most to Alibaba in Q2 2017, an estimated $594M increase.
- Ken Fisher's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Ken Fisher fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Ken Fisher's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Ken Fisher opened 104 new positions and closed 75 in Q2 2017.
- Ken Fisher's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.