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 | |
|---|---|---|---|---|---|---|
|
EPAY
251
DELISTED
Bottomline Technologies Inc
EPAY
| $19.7M | 0.03% |
409,549
-6,805
| -2% | -$394K |
|
252
iShares MSCI Spain ETF
EWP
$2.14B
| $19.3M | 0.03% |
718,553
+588,330
| +452% | +$16.6M |
|
|
NTUS
253
DELISTED
Natus Medical Inc
NTUS
| $19.1M | 0.03% |
562,626
-11,365
| -2% | -$370K |
|
|
MINI
254
DELISTED
Mobile Mini Inc
MINI
| $19M | 0.03% |
598,456
+1,919
| +0.3% | +$74.4K |
|
|
CPE
255
DELISTED
Callon Petroleum Company
CPE
| $18.9M | 0.03% |
291,626
+1,555
| +0.5% | +$150K |
|
256
Live Nation Entertainment
LYV
$42.2B
| $18.4M | 0.03% |
374,269
-590
| -0.2% | -$31.2K |
|
257
Kaiser Aluminum
KALU
$2.64B
| $18.1M | 0.02% |
202,570
-482
| -0.2% | -$46.5K |
|
258
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $17.9M | 0.02% |
353,291
+66,240
| +23% | +$3.59M |
|
259
NVIDIA
NVDA
$5.03T
| $17.9M | 0.02% |
5,350,800
-105,360
| -2% | -$504K |
|
|
SWN
260
DELISTED
Southwestern Energy Company
SWN
| $17.8M | 0.02% |
5,229,470
| – | – |
|
261
Coca-Cola
KO
$374B
| $17.7M | 0.02% |
374,103
-17,411
| -4% | -$833K |
|
262
Honeywell
HON
$77.6B
| $17.7M | 0.02% |
141,984
+9,163
| +7% | +$1.25M |
|
|
MGLN
263
DELISTED
Magellan Health Services, Inc.
MGLN
| $17.2M | 0.02% |
301,759
-362,874
| -55% | -$22.4M |
|
264
Gerdau
GGB
$9.82B
| $17M | 0.02% |
5,693,735
-363,172
| -6% | -$1.18M |
|
265
Halliburton
HAL
$26.6B
| $16.8M | 0.02% |
631,571
+103,631
| +20% | +$3.5M |
|
266
Semtech
SMTC
$11.1B
| $16.4M | 0.02% |
357,272
-48
| -0% | -$2.29K |
|
267
Church & Dwight Co
CHD
$23.7B
| $16.2M | 0.02% |
245,662
+8,745
| +4% | +$554K |
|
268
Fidelity National Information Services
FIS
$23.3B
| $15.8M | 0.02% |
154,428
+5,782
| +4% | +$603K |
|
269
Synopsys
SNPS
$74.7B
| $15.8M | 0.02% |
187,794
+7,109
| +4% | +$632K |
|
|
GHL
270
DELISTED
Greenhill & Co., Inc.
GHL
| $15.8M | 0.02% |
647,308
| – | – |
|
271
D.R. Horton
DHI
$40.8B
| $15.7M | 0.02% |
454,143
+129,021
| +40% | +$4.7M |
|
272
Post Holdings
POST
$4.11B
| $15.5M | 0.02% |
265,337
+13,342
| +5% | +$804K |
|
|
FLEU
273
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
| $15.4M | 0.02% |
141,887
-7,029
| -5% | -$836K |
|
274
Carpenter Technology
CRS
$26.5B
| $15.3M | 0.02% |
428,692
-1,149
| -0.3% | -$51.8K |
|
275
Toll Brothers
TOL
$14B
| $15.2M | 0.02% |
461,007
-852
| -0.2% | -$27.4K |
|
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.