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 |
BAY
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 13.57% |
| 3 | Healthcare | 12.73% |
| 4 | Consumer Discretionary | 8.41% |
| 5 | Communication Services | 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
| $2.67B | 3.75% |
22,053,892
+1,022,960
| +5% | +$124M |
|
2
Alibaba
BABA
$279B
| $1.78B | 2.49% |
10,288,095
-30,778
| -0.3% | -$4.99M |
|
3
Amazon
AMZN
$2.53T
| $1.69B | 2.37% |
35,108,100
+1,097,880
| +3% | +$53.9M |
|
4
Visa
V
$673B
| $1.68B | 2.36% |
15,971,471
+355,320
| +2% | +$36M |
|
5
Apple
AAPL
$4.9T
| $1.68B | 2.35% |
43,553,612
+1,319,176
| +3% | +$51.2M |
|
|
FIGY
6
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.59B | 2.22% |
9,784,255
-95,741
| -1% | -$14.9M |
|
7
Johnson & Johnson
JNJ
$617B
| $1.53B | 2.15% |
11,797,674
+298,259
| +3% | +$39.5M |
|
|
FLGE
8
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.33B | 1.87% |
6,759,106
+339,907
| +5% | +$64M |
|
9
TSMC
TSM
$2.09T
| $1.27B | 1.79% |
33,909,955
-561,326
| -2% | -$20.5M |
|
10
Pfizer
PFE
$142B
| $1.25B | 1.76% |
37,017,322
+1,144,050
| +3% | +$36.8M |
|
11
Microsoft
MSFT
$3.35T
| $1.22B | 1.72% |
16,441,861
+436,655
| +3% | +$31.9M |
|
|
FBGX
12
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.16B | 1.63% |
5,932,365
-57,794
| -1% | -$10.8M |
|
13
American Express
AXP
$228B
| $1.04B | 1.47% |
11,547,390
+300,042
| +3% | +$25.8M |
|
14
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.04B | 1.45% |
21,286,760
+856,640
| +4% | +$40.6M |
|
|
FIHD
15
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $922M | 1.29% |
5,696,975
+523,921
| +10% | +$80.9M |
|
16
Home Depot
HD
$332B
| $896M | 1.26% |
5,480,689
+153,547
| +3% | +$23.5M |
|
17
Intel
INTC
$460B
| $810M | 1.14% |
21,270,187
+478,832
| +2% | +$17M |
|
18
Procter & Gamble
PG
$335B
| $808M | 1.13% |
8,880,232
+244,403
| +3% | +$22.3M |
|
|
SI
19
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $759M | 1.07% |
10,777,529
+356,780
| +3% | +$25.1M |
|
|
20
HDFC Bank
HDB
$124B
| $758M | 1.06% |
31,442,732
-1,111,164
| -3% | -$26.4M |
|
21
SAP
SAP
$209B
| $724M | 1.01% |
6,599,155
+136,874
| +2% | +$14.5M |
|
22
UBS Group
UBS
$175B
| $708M | 0.99% |
41,303,205
+1,136,180
| +3% | +$19.4M |
|
23
Vodafone
VOD
$37.2B
| $707M | 0.99% |
24,824,481
+1,121,862
| +5% | +$32.5M |
|
24
ING
ING
$99.8B
| $703M | 0.99% |
38,178,130
+2,168,788
| +6% | +$39.2M |
|
|
BAY
25
DELISTED
BAYER AG SPONS ADR
BAY
| $703M | 0.99% |
20,620,341
+15,686,074
| +318% | +$535M |
|
Similar funds
Ken Fisher's Q3 2017 Portfolio in Review
As of Q3 2017, Ken Fisher held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Fisher's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Ken Fisher's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Ken Fisher fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Ken Fisher's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Ken Fisher opened 120 new positions and closed 79 in Q3 2017.
- Ken Fisher's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.