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 | |
|---|---|---|---|---|---|---|
326
Philip Morris
PM
$295B
| $8.32M | 0.01% |
124,677
-1,525
| -1% | -$127K |
|
327
Bank of America
BAC
$435B
| $8.28M | 0.01% |
336,027
-23,245
| -6% | -$631K |
|
328
Wells Fargo
WFC
$262B
| $8.23M | 0.01% |
178,585
-25,397
| -12% | -$1.3M |
|
329
Extra Space Storage
EXR
$31.5B
| $8.17M | 0.01% |
90,299
+120
| +0.1% | +$10.9K |
|
330
Warner Bros
WBD
$66B
| $8.01M | 0.01% |
323,798
+14,642
| +5% | +$446K |
|
|
STMP
331
DELISTED
Stamps.com, Inc.
STMP
| $7.96M | 0.01% |
51,150
+29,422
| +135% | +$5.24M |
|
332
Henry Schein
HSIC
$9.87B
| $7.92M | 0.01% |
128,586
-527
| -0.4% | -$34.7K |
|
333
Diodes
DIOD
$3.83B
| $7.78M | 0.01% |
241,000
-298
| -0.1% | -$9.52K |
|
334
Valero Energy
VLO
$90.3B
| $7.66M | 0.01% |
102,234
+4,697
| +5% | +$413K |
|
335
Marriott International
MAR
$91.7B
| $7.66M | 0.01% |
70,587
-1,165
| -2% | -$134K |
|
336
Nucor
NUE
$58.4B
| $7.6M | 0.01% |
146,616
+5,770
| +4% | +$341K |
|
|
PRAH
337
DELISTED
PRA Health Sciences, Inc.
PRAH
| $7.55M | 0.01% |
82,078
+57,703
| +237% | +$5.84M |
|
|
CS
338
DELISTED
Credit Suisse Group
CS
| $7.26M | 0.01% |
668,232
-66,590
| -9% | -$824K |
|
339
Prologis
PLD
$134B
| $7.24M | 0.01% |
123,343
+7,073
| +6% | +$458K |
|
340
Labcorp
LH
$24.9B
| $7.18M | 0.01% |
66,191
+3,748
| +6% | +$502K |
|
341
WisdomTree
WT
$3.16B
| $7.17M | 0.01% |
1,077,977
+20
| +0% | +$145 |
|
|
PE
342
DELISTED
PARSLEY ENERGY INC
PE
| $7.16M | 0.01% |
448,284
+51,941
| +13% | +$1.18M |
|
343
SS&C Technologies
SSNC
$18.3B
| $7.08M | 0.01% |
156,859
+43
| +0% | +$2.09K |
|
344
RPC Inc
RES
$1.29B
| $6.96M | 0.01% |
704,785
+52,648
| +8% | +$716K |
|
345
Piper Sandler
PIPR
$5.07B
| $6.89M | 0.01% |
418,644
-12
| -0% | -$209 |
|
346
Hancock Whitney
HWC
$6.24B
| $6.84M | 0.01% |
197,558
| – | – |
|
347
ON Semiconductor
ON
$32.1B
| $6.84M | 0.01% |
+414,484
| New | +$7.17M |
|
348
Patterson-UTI
PTEN
$3.93B
| $6.82M | 0.01% |
658,573
+61,711
| +10% | +$910K |
|
349
8x8 Inc
EGHT
$286M
| $6.8M | 0.01% |
377,169
+53,368
| +16% | +$981K |
|
350
Diamondback Energy
FANG
$56B
| $6.74M | 0.01% |
72,740
+984
| +1% | +$110K |
|
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.