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 |
Cisco
CSCO
|
+$331M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$324M |
| 3 |
Salesforce
CRM
|
+$301M |
| 4 |
Adobe
ADBE
|
+$294M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$216M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$422M |
| 2 |
Lloyds Banking Group
LYG
|
+$252M |
| 3 |
Barclays
BCS
|
+$135M |
| 4 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$72M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 8% |
| 5 | Consumer Staples | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cooper Companies
COO
$14.1B
| $25.6M | 0.04% |
402,784
+11,316
| +3% | +$733K |
|
|
COR
227
DELISTED
Coresite Realty Corporation
COR
| $25.2M | 0.03% |
289,392
+2,181
| +0.8% | +$212K |
|
|
AAWW
228
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $25.2M | 0.03% |
597,387
+3,907
| +0.7% | +$200K |
|
229
Fair Isaac
FICO
$24.3B
| $25.1M | 0.03% |
134,392
+56,138
| +72% | +$10.9M |
|
230
Vanguard Information Technology ETF
VGT
$139B
| $24.4M | 0.03% |
1,171,024
+1,159,008
| +9,646% | +$26.3M |
|
231
Haemonetics
HAE
$3.89B
| $24.3M | 0.03% |
242,724
+114,078
| +89% | +$12M |
|
232
3M
MMM
$90.9B
| $24.1M | 0.03% |
151,195
-11,029
| -7% | -$1.83M |
|
|
CBD
233
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $24M | 0.03% |
1,156,913
-6,230
| -0.5% | -$133K |
|
|
INFN
234
DELISTED
Infinera Corporation Common Stock
INFN
| $23.8M | 0.03% |
5,965,897
+49,125
| +0.8% | +$246K |
|
235
ProPetro Holding
PUMP
$1.36B
| $23.7M | 0.03% |
1,925,448
+37,533
| +2% | +$618K |
|
236
Wipro
WIT
$19.6B
| $23.6M | 0.03% |
12,288,845
+1,700,096
| +16% | +$3.26M |
|
|
TSS
237
DELISTED
Total System Services, Inc.
TSS
| $23.6M | 0.03% |
289,908
+10,324
| +4% | +$914K |
|
238
Prosperity Bancshares
PB
$8.97B
| $23.5M | 0.03% |
377,638
+4,407
| +1% | +$291K |
|
239
NNN REIT
NNN
$9.04B
| $23.1M | 0.03% |
476,020
+6,335
| +1% | +$302K |
|
240
UMB Financial
UMBF
$11.1B
| $22.9M | 0.03% |
375,600
-154,056
| -29% | -$9.99M |
|
241
Medtronic
MDT
$109B
| $22.8M | 0.03% |
250,236
+16,420
| +7% | +$1.53M |
|
242
LivaNova
LIVN
$4.4B
| $22.8M | 0.03% |
248,761
+3,383
| +1% | +$363K |
|
243
Acadia Realty Trust
AKR
$3.09B
| $22.6M | 0.03% |
949,136
-5,780
| -0.6% | -$159K |
|
244
Autodesk
ADSK
$49.5B
| $22.5M | 0.03% |
174,578
+6,849
| +4% | +$925K |
|
|
NEX
245
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $22.2M | 0.03% |
2,712,502
+20,611
| +0.8% | +$230K |
|
246
Align Technology
ALGN
$12.1B
| $22.1M | 0.03% |
105,678
+41,647
| +65% | +$10.5M |
|
|
CELG
247
DELISTED
Celgene Corp
CELG
| $21.9M | 0.03% |
341,865
+18,430
| +6% | +$1.36M |
|
|
FRC
248
DELISTED
First Republic Bank
FRC
| $20M | 0.03% |
230,108
+75,416
| +49% | +$6.88M |
|
249
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $19.8M | 0.03% |
236,948
-9,464
| -4% | -$787K |
|
250
ConocoPhillips
COP
$147B
| $19.8M | 0.03% |
317,650
+4,015
| +1% | +$273K |
|
Similar funds
Ken Fisher's Q4 2018 Portfolio in Review
As of Q4 2018, Ken Fisher held 954 positions worth $73.2B, down 11% from $82.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher deployed $3.18B of net new capital in Q4 2018, opening 84 new positions and adding to 428 existing holdings. Its largest new stake was Weibo: 2,764,345 shares worth $162M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vodafone, an estimated $422M trimmed.
- Ken Fisher's largest Q4 2018 buy was Weibo: 2,764,345 shares worth $162M.
- Ken Fisher added most to Cisco in Q4 2018, an estimated $331M increase.
- Ken Fisher's biggest Q4 2018 reduction was Vodafone, cutting an estimated $422M.
- Ken Fisher fully exited Luxottica Group in Q4 2018, selling an estimated $51M.
- Ken Fisher's ten largest holdings make up 26% of its $73.2B portfolio in Q4 2018.
- Ken Fisher opened 84 new positions and closed 88 in Q4 2018.
- Ken Fisher's portfolio value fell 11% quarter-over-quarter to $73.2B.
Based on Fisher Asset Management's 13F filing for Q4 2018, filed 25 Jan 2019.