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
|
+$274M |
| 2 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$138M |
| 3 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$69.1M |
| 4 |
Lumentum
LITE
|
+$41.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$171M |
| 2 |
Petrobras
PBR
|
+$64.7M |
| 3 |
Vale
VALE
|
+$62.7M |
| 4 |
WMGI
Wright Medical Group Inc
WMGI
|
+$61.9M |
| 5 |
HDFC Bank
HDB
|
+$57.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Financials | 13.08% |
| 3 | Healthcare | 10.74% |
| 4 | Consumer Discretionary | 8.75% |
| 5 | Energy | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Simpson Manufacturing
SSD
$7.72B
| $12.2M | 0.01% |
151,941
+69,521
| +84% | +$5.42M |
|
302
Walt Disney
DIS
$167B
| $11.7M | 0.01% |
80,949
-6,788
| -8% | -$947K |
|
303
ICU Medical
ICUI
$4.21B
| $11.4M | 0.01% |
61,000
| – | – |
|
304
Materion
MTRN
$4.39B
| $11.3M | 0.01% |
189,279
+40,852
| +28% | +$2.42M |
|
305
PTC Therapeutics
PTCT
$5.68B
| $10.8M | 0.01% |
225,810
-41,813
| -16% | -$1.78M |
|
306
Colgate-Palmolive
CL
$73.1B
| $10.8M | 0.01% |
156,685
-2,389
| -2% | -$163K |
|
307
Vanguard Industrials ETF
VIS
$8.1B
| $10.7M | 0.01% |
69,530
+2,631
| +4% | +$396K |
|
308
Cavco Industries
CVCO
$4.22B
| $10.7M | 0.01% |
54,601
+13,189
| +32% | +$2.58M |
|
309
Freshpet
FRPT
$2.93B
| $10.6M | 0.01% |
179,697
+41,685
| +30% | +$2.22M |
|
310
Mitsubishi UFJ Financial
MUFG
$253B
| $10.6M | 0.01% |
1,949,655
-158,654
| -8% | -$837K |
|
311
Matador Resources
MTDR
$6.2B
| $10.4M | 0.01% |
579,890
-725,604
| -56% | -$10.8M |
|
|
SWN
312
DELISTED
Southwestern Energy Company
SWN
| $10.3M | 0.01% |
4,258,783
-179,915
| -4% | -$372K |
|
313
APA Corp
APA
$13.2B
| $10.3M | 0.01% |
401,353
+12,715
| +3% | +$288K |
|
314
Comcast
CMCSA
$85B
| $9.86M | 0.01% |
219,186
-23,297
| -10% | -$1.04M |
|
315
Century Aluminum
CENX
$4.43B
| $9.71M | 0.01% |
1,291,603
-82,868
| -6% | -$574K |
|
|
ICPT
316
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $9.32M | 0.01% |
75,216
-5,386
| -7% | -$482K |
|
317
Nucor
NUE
$58.6B
| $9.14M | 0.01% |
162,357
-51,306
| -24% | -$2.8M |
|
318
Ligand Pharmaceuticals
LGND
$5.76B
| $9.07M | 0.01% |
139,344
-18,067
| -11% | -$1.21M |
|
|
GHL
319
DELISTED
Greenhill & Co., Inc.
GHL
| $8.67M | 0.01% |
507,449
-17,554
| -3% | -$285K |
|
320
Lowe's Companies
LOW
$117B
| $8.66M | 0.01% |
72,287
+1,317
| +2% | +$151K |
|
321
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.74B
| $8.57M | 0.01% |
90,401
+84,272
| +1,375% | +$7.3M |
|
322
Cemex
CX
$17.1B
| $8.56M | 0.01% |
2,263,596
-31,062
| -1% | -$118K |
|
323
Bank of America
BAC
$435B
| $8.54M | 0.01% |
242,324
-28,647
| -11% | -$926K |
|
324
Huazhu Hotels Group
HTHT
$13.1B
| $8.42M | 0.01% |
210,144
-25
| -0% | -$902 |
|
|
VAL
325
DELISTED
Valaris plc Class A Ordinary Share
VAL
| $8.41M | 0.01% |
1,281,905
+241,114
| +23% | +$1.17M |
|
Similar funds
Ken Fisher's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Fisher held 981 positions worth $99B, up 8.6% from $91.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q4 2019 filing shows 78 new, 256 increased, 457 reduced and 83 closed positions. Its largest new stake was Enterprise Products Partners: 584,777 shares worth $16.5M. The largest sale was TSMC, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2019 buy was Enterprise Products Partners: 584,777 shares worth $16.5M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2019, an estimated $274M increase.
- Ken Fisher's biggest Q4 2019 reduction was TSMC, cutting an estimated $171M.
- Ken Fisher fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $61.9M.
- Ken Fisher's ten largest holdings make up 28% of its $99B portfolio in Q4 2019.
- Ken Fisher opened 78 new positions and closed 83 in Q4 2019.
- Ken Fisher's portfolio value rose 8.6% quarter-over-quarter to $99B.
Based on Fisher Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.