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 | |
|---|---|---|---|---|---|---|
276
iShares Global Consumer Staples ETF
KXI
$1.07B
| $15.2M | 0.02% |
329,942
+274,133
| +491% | +$13.5M |
|
277
Texas Capital Bancshares
TCBI
$4.3B
| $15M | 0.02% |
293,472
-1,875
| -0.6% | -$118K |
|
278
UFP Industries
UFPI
$4.9B
| $14.9M | 0.02% |
574,409
| – | – |
|
279
Owens Corning
OC
$11.2B
| $14.5M | 0.02% |
330,188
+10,171
| +3% | +$493K |
|
|
NUAN
280
DELISTED
Nuance Communications, Inc.
NUAN
| $14.3M | 0.02% |
1,250,524
+45,101
| +4% | +$632K |
|
281
IPG Photonics
IPGP
$3.61B
| $14.3M | 0.02% |
126,382
+51,411
| +69% | +$6.83M |
|
282
ICU Medical
ICUI
$4.21B
| $14M | 0.02% |
61,000
| – | – |
|
283
ACI Worldwide
ACIW
$5.83B
| $13.4M | 0.02% |
484,692
+342,000
| +240% | +$9.25M |
|
284
Ziff Davis
ZD
$1.96B
| $13.3M | 0.02% |
221,245
+102,159
| +86% | +$6.45M |
|
285
Northwest Natural Holdings
NWN
$2.06B
| $13.2M | 0.02% |
219,095
+1,653
| +0.8% | +$111K |
|
286
Rockwell Automation
ROK
$53.4B
| $13M | 0.02% |
86,366
+2,454
| +3% | +$409K |
|
287
Halozyme
HALO
$9.79B
| $12.7M | 0.02% |
865,919
+418,581
| +94% | +$6.68M |
|
288
Merit Medical Systems
MMSI
$5.08B
| $12.6M | 0.02% |
226,502
+105,878
| +88% | +$6.29M |
|
289
COPT Defense Properties
CDP
$4.3B
| $12.3M | 0.02% |
585,240
+3,077
| +0.5% | +$78.3K |
|
290
Globe Life
GL
$14.2B
| $12.3M | 0.02% |
164,361
+22
| +0% | +$1.83K |
|
291
iShares Core US Aggregate Bond ETF
AGG
$137B
| $12.2M | 0.02% |
114,278
+24,026
| +27% | +$2.52M |
|
292
Alarm.com
ALRM
$2.71B
| $12M | 0.02% |
+231,544
| New | +$11.2M |
|
293
T. Rowe Price
TROW
$23.9B
| $12M | 0.02% |
129,968
+4,908
| +4% | +$476K |
|
294
Altria Group
MO
$114B
| $11.7M | 0.02% |
237,511
-11,003
| -4% | -$638K |
|
295
Medpace
MEDP
$16.1B
| $11.7M | 0.02% |
221,377
+145,439
| +192% | +$7.98M |
|
296
Viavi Solutions
VIAV
$9.12B
| $11.6M | 0.02% |
1,154,618
+468,042
| +68% | +$5.05M |
|
297
Mitsubishi UFJ Financial
MUFG
$253B
| $11.6M | 0.02% |
2,375,919
+1,337,336
| +129% | +$7.57M |
|
298
Walt Disney
DIS
$167B
| $11.5M | 0.02% |
104,740
-7,343
| -7% | -$835K |
|
299
Teradyne
TER
$57.6B
| $11.5M | 0.02% |
365,980
-16
| -0% | -$543 |
|
300
Genpact
G
$5.96B
| $11.2M | 0.02% |
415,336
+20,932
| +5% | +$596K |
|
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.