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 | |
|---|---|---|---|---|---|---|
|
351
Equinor
EQNR
$92.4B
| $6.99M | 0.01% |
425,688
-1,731,191
| -80% | -$26.2M |
|
|
JOBS
352
DELISTED
51job Inc
JOBS
| $6.95M | 0.01% |
99,231
+13,722
| +16% | +$991K |
|
353
Independent Bank
INDB
$3.99B
| $6.82M | 0.01% |
93,312
-2,310
| -2% | -$150K |
|
354
Ligand Pharmaceuticals
LGND
$5.88B
| $6.71M | 0.01% |
108,118
-4,084
| -4% | -$233K |
|
355
Booking.com
BKNG
$161B
| $6.6M | ﹤0.01% |
74,075
-12,400
| -14% | -$957K |
|
356
Prologis
PLD
$133B
| $6.36M | ﹤0.01% |
63,834
-3,122
| -5% | -$316K |
|
357
iShares Expanded Tech-Software Sector ETF
IGV
$14.5B
| $6.24M | ﹤0.01% |
88,045
+54,495
| +162% | +$3.61M |
|
358
Baker Hughes
BKR
$61.1B
| $6.23M | ﹤0.01% |
298,723
+282,215
| +1,710% | +$4.96M |
|
359
Builders FirstSource
BLDR
$8.04B
| $6.04M | ﹤0.01% |
147,880
-59
| -0% | -$2.09K |
|
360
Vertex Pharmaceuticals
VRTX
$126B
| $5.87M | ﹤0.01% |
24,827
+353
| +1% | +$81K |
|
|
GHL
361
DELISTED
Greenhill & Co., Inc.
GHL
| $5.8M | ﹤0.01% |
477,579
-868
| -0.2% | -$11.2K |
|
362
8x8 Inc
EGHT
$332M
| $5.67M | ﹤0.01% |
164,638
+2,485
| +2% | +$53.3K |
|
363
Morningstar
MORN
$7.53B
| $5.64M | ﹤0.01% |
24,355
-1,863
| -7% | -$370K |
|
|
EPAY
364
DELISTED
Bottomline Technologies Inc
EPAY
| $5.55M | ﹤0.01% |
105,295
-4,345
| -4% | -$197K |
|
365
Atlantic Union Bankshares
AUB
$5.93B
| $5.53M | ﹤0.01% |
168,000
| – | – |
|
366
Neurocrine Biosciences
NBIX
$16.6B
| $5.5M | ﹤0.01% |
57,430
-1,791
| -3% | -$173K |
|
367
Viatris
VTRS
$19.1B
| $5.48M | ﹤0.01% |
+292,288
| New | +$4.77M |
|
368
Brinker International
EAT
$9.66B
| $5.27M | ﹤0.01% |
93,126
-417
| -0.4% | -$20.6K |
|
369
WisdomTree
WT
$3.22B
| $5.24M | ﹤0.01% |
979,162
+183,609
| +23% | +$790K |
|
370
Synopsys
SNPS
$79.7B
| $5.2M | ﹤0.01% |
20,060
-2,919
| -13% | -$673K |
|
371
First Interstate BancSystem
FIBK
$3.58B
| $5.18M | ﹤0.01% |
127,060
+13
| +0% | +$493 |
|
372
Associated Banc-Corp
ASB
$5.91B
| $5.03M | ﹤0.01% |
295,000
| – | – |
|
373
Arista Networks
ANET
$238B
| $5.03M | ﹤0.01% |
276,832
+183,792
| +198% | +$2.91M |
|
374
Southern Company
SO
$107B
| $4.86M | ﹤0.01% |
79,089
+12,839
| +19% | +$772K |
|
375
LivePerson
LPSN
$32.3M
| $4.81M | ﹤0.01% |
5,154
+1,804
| +54% | +$1.55M |
|
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.