Ken Fisher Portfolio: 5 Biggest Small-Cap Positions

Page 5 of 5

1. KB Home (NYSE:KBH)

Market Capitalization as of October 4: $3.57 Billion
Fisher Asset Management’s Stake Value: $140.04 Million
Number of Hedge Fund Holders: 33

KB Home (NYSE:KBH) is a home-builder in Los Angeles, California. It builds and sells various single-family homes and offers financial services.

KB Home (NYSE:KBH) delivered impressive fiscal third-quarter results, with earnings and revenue beating expectations. Earnings came in at $1.80 a share, better than the $1.43 a share expected as revenue totaled $1.59 billion against $1.47 billion expected.

It has become one of the best plays for gaining exposure in the US residential construction market. Fisher first invested in the small-cap company in 2015  with stakes worth $41 million. In the most recent past, the hedge fund has acquired 2.7 million shares, with KB Home (NYSE:KBH) now accounting for 0.07% of the portfolio.

Follow Kb Home (NYSE:KBH)

[/company-follow-email]

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 15 Warren Buffett Stocks That Are On Sale Now and 15 Best U.S. Stocks to Buy Now Under $10.

Page 5 of 5