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
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Cavco Industries
CVCO
$4.51B
| $10M | 0.01% |
57,200
-1,531
| -3% | -$284K |
|
|
NEX
327
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $9.74M | 0.01% |
2,832,187
-44,401
| -2% | -$118K |
|
328
Idexx Laboratories
IDXX
$46.5B
| $9.59M | 0.01% |
19,185
+987
| +5% | +$442K |
|
329
Comcast
CMCSA
$89.9B
| $9.57M | 0.01% |
182,588
-3,266
| -2% | -$156K |
|
330
Piper Sandler
PIPR
$5.28B
| $9.22M | 0.01% |
365,464
-34,488
| -9% | -$782K |
|
331
PTC Therapeutics
PTCT
$5.97B
| $9.16M | 0.01% |
150,106
-14,142
| -9% | -$833K |
|
332
Northwest Natural Holdings
NWN
$2.12B
| $9.16M | 0.01% |
199,182
-296
| -0.1% | -$14K |
|
333
TechnipFMC
FTI
$27.4B
| $9.14M | 0.01% |
1,306,451
+152,865
| +13% | +$899K |
|
|
PXD
334
DELISTED
Pioneer Natural Resource Co.
PXD
| $9.12M | 0.01% |
80,041
-44,146
| -36% | -$4.29M |
|
335
Vipshop
VIPS
$7.53B
| $8.98M | 0.01% |
319,380
+76,090
| +31% | +$1.69M |
|
336
Materion
MTRN
$6.12B
| $8.92M | 0.01% |
140,003
-13,665
| -9% | -$786K |
|
|
NTUS
337
DELISTED
Natus Medical Inc
NTUS
| $8.83M | 0.01% |
440,827
-3,198
| -0.7% | -$62.6K |
|
338
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $8.53M | 0.01% |
301,103
+54,585
| +22% | +$1.53M |
|
339
ICU Medical
ICUI
$4.56B
| $8.38M | 0.01% |
39,068
+41
| +0.1% | +$7.95K |
|
340
Revvity
RVTY
$12.8B
| $8.23M | 0.01% |
57,377
+1,122
| +2% | +$149K |
|
|
LSI
341
DELISTED
Life Storage, Inc.
LSI
| $8.22M | 0.01% |
103,266
+42
| +0% | +$3.2K |
|
342
ResMed
RMD
$30.3B
| $7.68M | 0.01% |
36,149
+263
| +0.7% | +$52.4K |
|
343
United Rentals
URI
$72.9B
| $7.65M | 0.01% |
32,982
-2,514
| -7% | -$531K |
|
344
Diamondback Energy
FANG
$52.8B
| $7.52M | 0.01% |
155,443
-5,464
| -3% | -$202K |
|
345
LivaNova
LIVN
$4.14B
| $7.49M | 0.01% |
113,192
-4,354
| -4% | -$242K |
|
346
Huazhu Hotels Group
HTHT
$13.1B
| $7.39M | 0.01% |
164,152
-19,904
| -11% | -$908K |
|
347
UFP Industries
UFPI
$5.13B
| $7.35M | 0.01% |
132,372
-3,185
| -2% | -$175K |
|
|
MDC
348
DELISTED
M.D.C. Holdings, Inc.
MDC
| $7.17M | 0.01% |
159,241
+22
| +0% | +$981 |
|
349
Ambev
ABEV
$46.7B
| $7.13M | 0.01% |
2,331,056
+374,327
| +19% | +$1.01M |
|
|
PCH
350
DELISTED
PotlatchDeltic
PCH
| $7.02M | 0.01% |
140,357
-9,600
| -6% | -$442K |
|
Similar funds
Ken Fisher's Q4 2020 Portfolio in Review
As of Q4 2020, Ken Fisher held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Ken Fisher's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Ken Fisher's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Ken Fisher fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Ken Fisher's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Ken Fisher opened 123 new positions and closed 53 in Q4 2020.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.