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 | |
|---|---|---|---|---|---|---|
376
Essex Property Trust
ESS
$18.5B
| $4.92M | 0.01% |
20,085
-40
| -0.2% | -$10.1K |
|
|
B
377
DELISTED
Barnes Group Inc.
B
| $4.88M | 0.01% |
91,025
| – | – |
|
378
Invesco China Technology ETF
CQQQ
$3.03B
| $4.88M | 0.01% |
+123,855
| New | +$5.22M |
|
379
TechnipFMC
FTI
$27.2B
| $4.81M | 0.01% |
330,051
+30,703
| +10% | +$571K |
|
|
NFX
380
DELISTED
Newfield Exploration
NFX
| $4.7M | 0.01% |
320,534
-65
| -0% | -$1.31K |
|
381
Unum
UNM
$14.1B
| $4.69M | 0.01% |
159,683
+15,731
| +11% | +$551K |
|
382
MSCI
MSCI
$41.8B
| $4.68M | 0.01% |
+31,726
| New | +$4.83M |
|
|
DASTY
383
DELISTED
DASSAULT SYSTEMES SA ADR
DASTY
| $4.66M | 0.01% |
39,315
-126
| -0.3% | -$14.9K |
|
384
PTC Therapeutics
PTCT
$5.7B
| $4.54M | 0.01% |
132,439
-1,357
| -1% | -$48.8K |
|
385
US Bancorp
USB
$99.3B
| $4.53M | 0.01% |
99,138
-7,129
| -7% | -$367K |
|
|
JOBS
386
DELISTED
51job Inc
JOBS
| $4.52M | 0.01% |
72,411
-489
| -0.7% | -$31.3K |
|
387
Hyster-Yale Materials Handling
HY
$620M
| $4.48M | 0.01% |
72,336
+24,590
| +52% | +$1.53M |
|
388
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.9B
| $4.48M | 0.01% |
90,482
+83,456
| +1,188% | +$4.41M |
|
389
Independent Bank
INDB
$4.04B
| $4.47M | 0.01% |
63,647
-1,890
| -3% | -$147K |
|
390
Transocean
RIG
$5.73B
| $4.47M | 0.01% |
643,810
+114,901
| +22% | +$1.17M |
|
391
ProShares Ultra S&P500
SSO
$7.97B
| $4.38M | 0.01% |
+377,408
| New | +$5.14M |
|
392
Acadia Healthcare
ACHC
$2.82B
| $4.26M | 0.01% |
165,716
-22
| -0% | -$761 |
|
|
MDC
393
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.21M | 0.01% |
174,682
+7,703
| +5% | +$186K |
|
394
Clorox
CLX
$11.9B
| $4.19M | 0.01% |
27,210
-4,678
| -15% | -$729K |
|
395
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.32B
| $4.17M | 0.01% |
249,357
+208,248
| +507% | +$4.04M |
|
396
Kroger
KR
$35.9B
| $4.15M | 0.01% |
150,829
+1,841
| +1% | +$53.4K |
|
397
United Natural Foods
UNFI
$3.11B
| $4.14M | 0.01% |
391,046
-17
| -0% | -$357 |
|
398
Alcoa
AA
$11.7B
| $4.03M | 0.01% |
151,642
+15,402
| +11% | +$518K |
|
399
iShares Europe ETF
IEV
$1.67B
| $3.96M | 0.01% |
101,347
-2,301
| -2% | -$95.3K |
|
400
Old Republic International
ORI
$10.6B
| $3.94M | 0.01% |
191,692
-837
| -0.4% | -$17.9K |
|
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.