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 | |
|---|---|---|---|---|---|---|
251
Freshpet
FRPT
$3.21B
| $26.6M | 0.02% |
187,541
+12,340
| +7% | +$1.59M |
|
252
Dine Brands
DIN
$449M
| $26.6M | 0.02% |
458,497
+235
| +0.1% | +$14.3K |
|
253
Helmerich & Payne
HP
$3.7B
| $26.5M | 0.02% |
1,146,014
-22,655
| -2% | -$439K |
|
254
Rogers Corp
ROG
$2.39B
| $25.9M | 0.02% |
166,694
-2,667
| -2% | -$353K |
|
255
Glacier Bancorp
GBCI
$6.32B
| $25.7M | 0.02% |
558,967
-8,031
| -1% | -$324K |
|
256
AAR Corp
AIR
$5.89B
| $25.6M | 0.02% |
705,687
-1,011
| -0.1% | -$26.8K |
|
257
Delek US
DK
$3.59B
| $24.9M | 0.02% |
1,550,419
-22,572
| -1% | -$298K |
|
258
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| $24.8M | 0.02% |
286,541
+12,464
| +5% | +$1.08M |
|
259
Paylocity
PCTY
$8.04B
| $24.7M | 0.02% |
119,947
-10,523
| -8% | -$2.02M |
|
|
AAWW
260
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $24.5M | 0.02% |
449,244
-6,470
| -1% | -$380K |
|
|
ZEN
261
DELISTED
ZENDESK INC
ZEN
| $24.4M | 0.02% |
170,491
-15,597
| -8% | -$1.93M |
|
|
CADE
262
DELISTED
Cadence Bank
CADE
| $24.1M | 0.02% |
879,737
+3,686
| +0.4% | +$93.1K |
|
263
Biogen
BIIB
$30.5B
| $24.1M | 0.02% |
98,584
+4,648
| +5% | +$1.2M |
|
264
KraneShares CSI China Internet ETF
KWEB
$5.62B
| $23.7M | 0.02% |
308,470
+273,353
| +778% | +$20.3M |
|
265
Core Laboratories
CLB
$513M
| $23.5M | 0.02% |
885,254
-1,140
| -0.1% | -$23.3K |
|
266
Wipro
WIT
$19.7B
| $21.7M | 0.02% |
7,681,310
-1,989,364
| -21% | -$5.13M |
|
267
Idacorp
IDA
$8.15B
| $20.8M | 0.02% |
216,407
-3,498
| -2% | -$318K |
|
268
Prosperity Bancshares
PB
$8.88B
| $20.6M | 0.02% |
296,773
-639
| -0.2% | -$39.2K |
|
269
Alarm.com
ALRM
$2.78B
| $20.3M | 0.02% |
195,797
-3,810
| -2% | -$276K |
|
270
ENI
E
$78.5B
| $20.1M | 0.02% |
977,768
-18,902
| -2% | -$342K |
|
|
PRAH
271
DELISTED
PRA Health Sciences, Inc.
PRAH
| $20M | 0.02% |
159,734
-5,150
| -3% | -$576K |
|
272
Cheesecake Factory
CAKE
$5.34B
| $19.9M | 0.01% |
537,655
-5,054
| -0.9% | -$173K |
|
273
Teradyne
TER
$60.2B
| $19.7M | 0.01% |
164,394
+1,096
| +0.7% | +$112K |
|
274
Range Resources
RRC
$9.01B
| $19.5M | 0.01% |
2,907,363
-16,641
| -0.6% | -$122K |
|
275
Oceaneering
OII
$4.9B
| $19M | 0.01% |
2,384,313
-92,868
| -4% | -$542K |
|
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.