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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Mid-America Apartment Communities
MAA
$15.5B
| $38.3M | 0.03% |
302,622
-1,841
| -0.6% | -$227K |
|
227
Webster Financial
WBS
$12.8B
| $36.8M | 0.03% |
872,770
-9,416
| -1% | -$340K |
|
228
CONMED
CNMD
$1.49B
| $35.6M | 0.03% |
318,268
+5,792
| +2% | +$548K |
|
229
iShares US Medical Devices ETF
IHI
$3.36B
| $35.6M | 0.03% |
651,702
+55,572
| +9% | +$2.9M |
|
|
PDCE
230
DELISTED
PDC Energy, Inc.
PDCE
| $35.5M | 0.03% |
1,730,173
-25,350
| -1% | -$396K |
|
|
DENN
231
DELISTED
Denny's
DENN
| $35M | 0.03% |
2,384,430
-5,522
| -0.2% | -$63.2K |
|
232
Rockwell Automation
ROK
$49.1B
| $34.9M | 0.03% |
139,281
+389
| +0.3% | +$95.2K |
|
233
IPG Photonics
IPGP
$3.69B
| $34.1M | 0.03% |
152,480
-6,518
| -4% | -$1.31M |
|
234
Deere & Co
DE
$166B
| $33.7M | 0.03% |
125,316
+48,290
| +63% | +$12M |
|
235
iShares US Financials ETF
IYF
$4.61B
| $33.6M | 0.03% |
503,703
+49,617
| +11% | +$3.06M |
|
236
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.31B
| $33.3M | 0.02% |
903,336
+68,357
| +8% | +$2.14M |
|
237
RLJ Lodging Trust
RLJ
$1.81B
| $33.2M | 0.02% |
2,343,544
-50,822
| -2% | -$570K |
|
238
Honeywell
HON
$76.3B
| $33M | 0.02% |
164,623
-1,313
| -0.8% | -$239K |
|
239
ON Semiconductor
ON
$18.6B
| $30.2M | 0.02% |
922,805
-64,843
| -7% | -$1.81M |
|
|
MNDT
240
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $29.4M | 0.02% |
1,275,768
-9,679
| -0.8% | -$149K |
|
|
COR
241
DELISTED
Coresite Realty Corporation
COR
| $29.4M | 0.02% |
234,589
-498
| -0.2% | -$61.8K |
|
242
Cummins
CMI
$88.7B
| $29.4M | 0.02% |
129,313
+51,823
| +67% | +$11.6M |
|
|
CONE
243
DELISTED
CyrusOne Inc Common Stock
CONE
| $29.2M | 0.02% |
399,609
-5,008
| -1% | -$363K |
|
244
Kennametal
KMT
$2.58B
| $28.9M | 0.02% |
798,311
-2,322
| -0.3% | -$79.8K |
|
|
PACW
245
DELISTED
PacWest Bancorp
PACW
| $28.8M | 0.02% |
1,133,515
-14,554
| -1% | -$325K |
|
246
Prestige Consumer Healthcare
PBH
$2.58B
| $28.6M | 0.02% |
819,412
-4,864
| -0.6% | -$173K |
|
247
Sally Beauty Holdings
SBH
$1.51B
| $28.3M | 0.02% |
2,173,405
-46,571
| -2% | -$497K |
|
248
Omnicell
OMCL
$1.65B
| $28M | 0.02% |
233,246
+6,840
| +3% | +$671K |
|
249
Unilever
UL
$137B
| $27.9M | 0.02% |
+411,149
| New | +$27.9M |
|
250
Century Aluminum
CENX
$4.55B
| $27.4M | 0.02% |
2,481,291
-52,456
| -2% | -$476K |
|
Similar funds
Ken Fisher's Q4 2020 Portfolio in Review
As of Q4 2020, Ken Fisher held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Ken Fisher's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Ken Fisher's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Ken Fisher fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Ken Fisher's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Ken Fisher opened 123 new positions and closed 53 in Q4 2020.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.