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 | |
|---|---|---|---|---|---|---|
|
SPR
351
DELISTED
Spirit AeroSystems
SPR
| $6.73M | 0.01% |
93,337
+23,769
| +34% | +$1.93M |
|
352
HubSpot
HUBS
$12.3B
| $6.67M | 0.01% |
+53,019
| New | +$6.95M |
|
|
POWR
353
iShares U.S. Power Infrastructure ETF
POWR
$458M
| $6.61M | 0.01% |
+357,423
| New | +$7.55M |
|
354
Energizer
ENR
$1.45B
| $6.45M | 0.01% |
142,822
+16,981
| +13% | +$902K |
|
|
VRE
355
DELISTED
Veris Residential
VRE
| $6.42M | 0.01% |
327,467
+62
| +0% | +$1.27K |
|
356
Qiagen
QGEN
$8.73B
| $6.33M | 0.01% |
173,418
+274
| +0.2% | +$10.2K |
|
|
CJ
357
DELISTED
C&J Energy Services, Inc.
CJ
| $6.28M | 0.01% |
465,290
| – | – |
|
358
Huazhu Hotels Group
HTHT
$13.1B
| $6.21M | 0.01% |
216,861
+260
| +0.1% | +$7.49K |
|
|
RDC
359
DELISTED
Rowan Companies Plc
RDC
| $6.2M | 0.01% |
738,613
-11,062
| -1% | -$163K |
|
360
iShares MSCI ACWI ETF
ACWI
$32.8B
| $6.07M | 0.01% |
94,541
+11,886
| +14% | +$816K |
|
|
LOGM
361
DELISTED
LogMein, Inc.
LOGM
| $5.95M | 0.01% |
72,967
-5,586
| -7% | -$471K |
|
362
Republic Services
RSG
$64.5B
| $5.91M | 0.01% |
81,953
-770
| -0.9% | -$56.4K |
|
363
J&J Snack Foods
JJSF
$1.48B
| $5.62M | 0.01% |
38,897
-3,115
| -7% | -$473K |
|
364
Advanced Energy
AEIS
$11.9B
| $5.61M | 0.01% |
130,568
+2,827
| +2% | +$126K |
|
|
PCH
365
DELISTED
PotlatchDeltic
PCH
| $5.47M | 0.01% |
172,812
+64,017
| +59% | +$2.29M |
|
366
Weyerhaeuser
WY
$18.2B
| $5.42M | 0.01% |
248,107
-170
| -0.1% | -$4.53K |
|
367
Camden Property Trust
CPT
$11B
| $5.39M | 0.01% |
61,215
+52
| +0.1% | +$4.77K |
|
368
Lowe's Companies
LOW
$119B
| $5.37M | 0.01% |
58,161
+21,975
| +61% | +$2.12M |
|
369
Strategy Inc
MSTR
$34.7B
| $5.37M | 0.01% |
420,000
| – | – |
|
370
Steel Dynamics
STLD
$37B
| $5.32M | 0.01% |
177,245
+13,687
| +8% | +$517K |
|
371
Matador Resources
MTDR
$6.06B
| $5.28M | 0.01% |
340,201
+6,151
| +2% | +$155K |
|
372
Progressive
PGR
$122B
| $5.26M | 0.01% |
87,120
+33
| +0% | +$2.2K |
|
373
Bruker
BRKR
$9.79B
| $5.19M | 0.01% |
174,487
-5,463
| -3% | -$172K |
|
374
iShares MSCI France ETF
EWQ
$338M
| $5.19M | 0.01% |
+195,667
| New | +$5.52M |
|
375
Worthington Enterprises
WOR
$2.78B
| $5.13M | 0.01% |
238,672
-2,085
| -0.9% | -$51.9K |
|
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.