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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
IPG Photonics
IPGP
$3.7B
| $11.7M | 0.01% |
74,971
-4,044
| -5% | -$750K |
|
302
Ligand Pharmaceuticals
LGND
$5.85B
| $11.7M | 0.01% |
68,318
-3,391
| -5% | -$511K |
|
|
TPH
303
DELISTED
Tri Pointe Homes
TPH
| $11.6M | 0.01% |
938,128
+42,147
| +5% | +$624K |
|
|
PE
304
DELISTED
PARSLEY ENERGY INC
PE
| $11.6M | 0.01% |
396,343
+57,834
| +17% | +$1.72M |
|
|
WUBA
305
DELISTED
58.com Inc
WUBA
| $11.3M | 0.01% |
153,643
+43
| +0% | +$2.97K |
|
306
Teleflex
TFX
$6.18B
| $11.2M | 0.01% |
42,261
-2,740
| -6% | -$710K |
|
307
Valero Energy
VLO
$88.5B
| $11.1M | 0.01% |
97,537
-10,359
| -10% | -$1.18M |
|
308
Matador Resources
MTDR
$6.06B
| $11M | 0.01% |
334,050
-10,187
| -3% | -$325K |
|
|
WNS
309
DELISTED
WNS Holdings
WNS
| $11M | 0.01% |
217,158
+18
| +0% | +$920 |
|
|
CS
310
DELISTED
Credit Suisse Group
CS
| $11M | 0.01% |
734,822
+16,794
| +2% | +$256K |
|
311
Wells Fargo
WFC
$266B
| $10.7M | 0.01% |
203,982
-5,913
| -3% | -$338K |
|
312
Ross Stores
ROST
$81.1B
| $10.6M | 0.01% |
106,944
-14,788
| -12% | -$1.36M |
|
313
Bank of America
BAC
$438B
| $10.6M | 0.01% |
359,272
-13,608
| -4% | -$414K |
|
|
LM
314
DELISTED
Legg Mason, Inc.
LM
| $10.4M | 0.01% |
332,464
+133,134
| +67% | +$4.3M |
|
315
IQVIA
IQV
$38.4B
| $10.4M | 0.01% |
79,797
-31,496
| -28% | -$3.78M |
|
316
Philip Morris
PM
$292B
| $10.3M | 0.01% |
126,202
-348
| -0.3% | -$28.6K |
|
317
Patterson-UTI
PTEN
$3.9B
| $10.2M | 0.01% |
596,862
+169,645
| +40% | +$2.91M |
|
318
RPC Inc
RES
$1.28B
| $10.1M | 0.01% |
652,137
+199,120
| +44% | +$2.93M |
|
319
Warner Bros
WBD
$65.4B
| $9.89M | 0.01% |
309,156
-51,782
| -14% | -$1.46M |
|
320
Diamondback Energy
FANG
$55.9B
| $9.7M | 0.01% |
71,756
-44,559
| -38% | -$5.69M |
|
|
CJ
321
DELISTED
C&J Energy Services, Inc.
CJ
| $9.68M | 0.01% |
465,290
+84,301
| +22% | +$1.89M |
|
322
Nice
NICE
$5.9B
| $9.6M | 0.01% |
83,837
-25
| -0% | -$2.8K |
|
323
iShares Core US Aggregate Bond ETF
AGG
$137B
| $9.52M | 0.01% |
90,252
+14,348
| +19% | +$1.52M |
|
324
Marriott International
MAR
$91.5B
| $9.47M | 0.01% |
71,752
-4,986
| -6% | -$636K |
|
325
Hancock Whitney
HWC
$6.26B
| $9.39M | 0.01% |
197,558
-7,017
| -3% | -$353K |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.