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 | |
|---|---|---|---|---|---|---|
301
Amdocs
DOX
$5.92B
| $11M | 0.02% |
187,701
+8,802
| +5% | +$552K |
|
302
iShares Global Healthcare ETF
IXJ
$4.07B
| $11M | 0.02% |
193,348
+47,759
| +33% | +$2.86M |
|
303
Teleflex
TFX
$6.05B
| $10.9M | 0.01% |
42,222
-39
| -0.1% | -$9.87K |
|
304
Mueller Industries
MLI
$14.7B
| $10.8M | 0.01% |
1,850,480
-2,735,308
| -60% | -$16.9M |
|
305
Veeco
VECO
$3.05B
| $10.6M | 0.01% |
1,426,999
+14,316
| +1% | +$122K |
|
|
DO
306
DELISTED
Diamond Offshore Drilling
DO
| $10.4M | 0.01% |
1,104,761
+225,125
| +26% | +$3.2M |
|
307
Comcast
CMCSA
$85B
| $10.4M | 0.01% |
305,102
-69,292
| -19% | -$2.53M |
|
|
TPH
308
DELISTED
Tri Pointe Homes
TPH
| $10.3M | 0.01% |
938,128
| – | – |
|
309
Century Aluminum
CENX
$4.43B
| $10.1M | 0.01% |
1,380,396
+12,061
| +0.9% | +$109K |
|
310
Zimmer Biomet
ZBH
$18.2B
| $9.88M | 0.01% |
98,076
-163
| -0.2% | -$18.3K |
|
311
IQVIA
IQV
$38.7B
| $9.74M | 0.01% |
83,865
+4,068
| +5% | +$493K |
|
312
Cincinnati Financial
CINF
$27.3B
| $9.74M | 0.01% |
125,779
+6,843
| +6% | +$532K |
|
313
State Street SPDR Portfolio Europe ETF
SPEU
$729M
| $9.56M | 0.01% |
319,971
+291,963
| +1,042% | +$9.16M |
|
314
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $9.49M | 0.01% |
249,112
+21,731
| +10% | +$842K |
|
315
Lumentum
LITE
$55.5B
| $9.42M | 0.01% |
224,259
+103,697
| +86% | +$5.11M |
|
316
Ross Stores
ROST
$80.5B
| $9.37M | 0.01% |
112,571
+5,627
| +5% | +$509K |
|
317
State Street Energy Select Sector SPDR ETF
XLE
$39B
| $9.31M | 0.01% |
324,768
+313,150
| +2,695% | +$10.5M |
|
318
AeroVironment
AVAV
$7.56B
| $9.22M | 0.01% |
135,725
+31,193
| +30% | +$2.73M |
|
319
Nice
NICE
$5.79B
| $9.07M | 0.01% |
83,863
+26
| +0% | +$2.84K |
|
320
Ligand Pharmaceuticals
LGND
$5.76B
| $8.97M | 0.01% |
105,966
+37,648
| +55% | +$4.01M |
|
|
WNS
321
DELISTED
WNS Holdings
WNS
| $8.96M | 0.01% |
217,140
-18
| -0% | -$860 |
|
322
iShares MSCI Germany ETF
EWG
$1.59B
| $8.76M | 0.01% |
345,427
+330,046
| +2,146% | +$8.92M |
|
|
SRCI
323
DELISTED
SRC Energy Inc
SRCI
| $8.62M | 0.01% |
1,833,072
+20,365
| +1% | +$136K |
|
|
LM
324
DELISTED
Legg Mason, Inc.
LM
| $8.47M | 0.01% |
332,192
-272
| -0.1% | -$7.62K |
|
|
WUBA
325
DELISTED
58.com Inc
WUBA
| $8.33M | 0.01% |
153,623
-20
| -0% | -$1.22K |
|
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.