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 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$1.49B |
| 2 |
FFEU
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
|
+$423M |
| 3 |
SLB Ltd
SLB
|
+$408M |
| 4 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$340M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$180M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIGY
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
|
+$1.59B |
| 2 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$464M |
| 3 |
Citigroup
C
|
+$340M |
| 4 |
American Express
AXP
|
+$206M |
| 5 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.58% |
| 2 | Technology | 14.9% |
| 3 | Healthcare | 12.05% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Consumer Staples | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.78B | 3.69% |
23,674,931
+1,060,296
| +5% | +$125M |
|
2
Amazon
AMZN
$2.53T
| $2.68B | 3.56% |
37,061,460
+1,190,320
| +3% | +$85.1M |
|
3
Visa
V
$673B
| $2.04B | 2.7% |
17,046,267
+626,781
| +4% | +$76M |
|
4
Alibaba
BABA
$279B
| $1.98B | 2.63% |
10,792,272
+121,073
| +1% | +$22.8M |
|
5
Apple
AAPL
$4.9T
| $1.96B | 2.6% |
46,771,020
+1,943,124
| +4% | +$83.7M |
|
|
FLGE
6
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.82B | 2.41% |
7,798,271
+542,255
| +7% | +$133M |
|
7
Johnson & Johnson
JNJ
$617B
| $1.62B | 2.15% |
12,639,622
+512,243
| +4% | +$69.2M |
|
8
Microsoft
MSFT
$3.35T
| $1.61B | 2.13% |
17,597,640
+650,902
| +4% | +$59.5M |
|
|
FIYY
9
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.49B | 1.98% |
+15,406,823
| New | +$1.49B |
|
10
TSMC
TSM
$2.09T
| $1.48B | 1.97% |
33,869,039
-122,646
| -0.4% | -$5.35M |
|
11
Pfizer
PFE
$142B
| $1.34B | 1.78% |
39,813,592
+1,477,136
| +4% | +$50.8M |
|
|
FBGX
12
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.33B | 1.77% |
5,763,327
-115,648
| -2% | -$28.3M |
|
13
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.22B | 1.61% |
23,473,160
+1,355,640
| +6% | +$75.2M |
|
14
Intel
INTC
$460B
| $1.18B | 1.57% |
22,690,661
+887,657
| +4% | +$42.2M |
|
|
FIHD
15
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.17B | 1.55% |
7,231,944
+797,511
| +12% | +$137M |
|
|
16
American Express
AXP
$228B
| $910M | 1.21% |
9,750,276
-2,122,254
| -18% | -$206M |
|
17
Walmart Inc
WMT
$884B
| $818M | 1.08% |
27,573,507
+1,452,564
| +6% | +$46.7M |
|
18
UBS Group
UBS
$175B
| $784M | 1.04% |
44,392,584
+1,485,082
| +3% | +$28.2M |
|
19
Vodafone
VOD
$37.2B
| $755M | 1% |
27,137,429
+1,180,402
| +5% | +$35.2M |
|
20
Procter & Gamble
PG
$335B
| $753M | 1% |
9,493,070
+343,436
| +4% | +$28.6M |
|
21
Home Depot
HD
$332B
| $752M | 1% |
4,218,064
+249,621
| +6% | +$46.8M |
|
22
Cisco
CSCO
$448B
| $742M | 0.98% |
17,307,161
+614,625
| +4% | +$26.1M |
|
23
SAP
SAP
$209B
| $734M | 0.97% |
6,982,476
+131,728
| +2% | +$14.2M |
|
|
SI
24
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $722M | 0.96% |
11,337,368
+287,660
| +3% | +$18.3M |
|
25
ING
ING
$99.8B
| $705M | 0.93% |
41,617,351
+1,626,119
| +4% | +$30.1M |
|
Similar funds
Ken Fisher's Q1 2018 Portfolio in Review
As of Q1 2018, Ken Fisher held 991 positions worth $75.4B, down 1.5% from $76.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2018 filing shows 69 new, 261 increased, 401 reduced and 162 closed positions. Its largest new stake was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B. The largest sale was Barclays ETN+ FI Enhanced Global High Yield ETN, an estimated $1.59B.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
- Ken Fisher's largest Q1 2018 buy was Barclays ETN+ FI Enhanced Global High Yield ETN Series B: 15,406,823 shares worth $1.49B.
- Ken Fisher added most to SLB Ltd in Q1 2018, an estimated $408M increase.
- Ken Fisher's biggest Q1 2018 reduction was Barclays ETN+ FI Enhanced Global High Yield ETN, cutting an estimated $1.59B.
- Ken Fisher fully exited CalAtlantic Group, Inc. in Q1 2018, selling an estimated $123M.
- Ken Fisher's ten largest holdings make up 26% of its $75.4B portfolio in Q1 2018.
- Ken Fisher opened 69 new positions and closed 162 in Q1 2018.
- Ken Fisher's portfolio value fell 1.5% quarter-over-quarter to $75.4B.
Based on Fisher Asset Management's 13F filing for Q1 2018, filed 19 Apr 2018.