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 | |
|---|---|---|---|---|---|---|
|
EPAY
326
DELISTED
Bottomline Technologies Inc
EPAY
| $8.34M | 0.01% |
155,648
-270,669
| -63% | -$12.3M |
|
327
iShares Global Consumer Staples ETF
KXI
$1.07B
| $8.06M | 0.01% |
145,239
+132,360
| +1,028% | +$7.23M |
|
328
iShares US Pharmaceuticals ETF
IHE
$1.46B
| $7.65M | 0.01% |
143,373
+130,680
| +1,030% | +$6.44M |
|
329
State Street Energy Select Sector SPDR ETF
XLE
$39B
| $7.65M | 0.01% |
254,940
+206,142
| +422% | +$6.11M |
|
330
Independent Bank
INDB
$3.99B
| $7.52M | 0.01% |
90,293
-13,832
| -13% | -$1.13M |
|
|
PCH
331
DELISTED
PotlatchDeltic
PCH
| $7.46M | 0.01% |
172,457
-31,414
| -15% | -$1.34M |
|
332
Global Payments
GPN
$23B
| $7.38M | 0.01% |
40,405
-158,744
| -80% | -$27.2M |
|
|
SPR
333
DELISTED
Spirit AeroSystems
SPR
| $7.36M | 0.01% |
100,933
-35,373
| -26% | -$2.92M |
|
334
Neurocrine Biosciences
NBIX
$16.8B
| $7.18M | 0.01% |
66,775
-6,252
| -9% | -$655K |
|
335
Hyster-Yale Materials Handling
HY
$599M
| $7.02M | 0.01% |
119,000
+24,636
| +26% | +$1.37M |
|
336
FormFactor
FORM
$8.28B
| $6.78M | 0.01% |
261,100
-8,582
| -3% | -$194K |
|
|
JOBS
337
DELISTED
51job Inc
JOBS
| $6.55M | 0.01% |
77,131
-11,536
| -13% | -$923K |
|
338
Revvity
RVTY
$12.6B
| $6.5M | 0.01% |
66,914
-365,585
| -85% | -$32.6M |
|
339
UFP Industries
UFPI
$4.9B
| $6.35M | 0.01% |
133,067
-444,286
| -77% | -$20.9M |
|
340
Piper Sandler
PIPR
$5.12B
| $6.31M | 0.01% |
315,704
-217,860
| -41% | -$4.22M |
|
341
Wells Fargo
WFC
$261B
| $6.2M | 0.01% |
115,258
-4,588
| -4% | -$240K |
|
342
United Rentals
URI
$67.2B
| $6.2M | 0.01% |
37,168
-72,199
| -66% | -$10.5M |
|
|
MDC
343
DELISTED
M.D.C. Holdings, Inc.
MDC
| $6.06M | 0.01% |
171,495
-20,984
| -11% | -$790K |
|
344
Strategy Inc
MSTR
$34.1B
| $5.99M | 0.01% |
420,000
| – | – |
|
|
CCMP
345
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $5.97M | 0.01% |
41,340
-1,283
| -3% | -$182K |
|
|
ETFC
346
DELISTED
E*Trade Financial Corporation
ETFC
| $5.77M | 0.01% |
127,119
-455,808
| -78% | -$19.5M |
|
347
US Bancorp
USB
$98.2B
| $5.76M | 0.01% |
97,104
+3,400
| +4% | +$197K |
|
348
United Parcel Service
UPS
$88.6B
| $5.49M | 0.01% |
46,856
-533
| -1% | -$63.1K |
|
349
iShares MSCI ACWI ETF
ACWI
$32.5B
| $5.47M | 0.01% |
69,061
-47,422
| -41% | -$3.63M |
|
|
VRE
350
DELISTED
Veris Residential
VRE
| $5.33M | 0.01% |
230,345
+128
| +0.1% | +$2.78K |
|
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.