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 | |
|---|---|---|---|---|---|---|
|
KYO
401
DELISTED
Kyocera Adr
KYO
| $3.87M | 0.01% |
77,024
-10,559
| -12% | -$530K |
|
402
Myriad Genetics
MYGN
$291M
| $3.85M | 0.01% |
132,412
+4,141
| +3% | +$149K |
|
|
ICPT
403
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.83M | 0.01% |
37,964
-511
| -1% | -$53K |
|
404
Evercore
EVR
$12.3B
| $3.79M | 0.01% |
52,929
-722
| -1% | -$59.3K |
|
405
Edgewell Personal Care
EPC
$1.27B
| $3.77M | 0.01% |
100,994
| – | – |
|
406
Northern Trust
NTRS
$33.3B
| $3.77M | 0.01% |
45,128
-469
| -1% | -$44K |
|
407
Nike
NKE
$63.2B
| $3.76M | 0.01% |
50,755
-2,117
| -4% | -$158K |
|
|
CCMP
408
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $3.75M | 0.01% |
39,327
+1,776
| +5% | +$174K |
|
|
IRBT
409
DELISTED
iRobot
IRBT
| $3.73M | 0.01% |
+44,571
| New | +$4.04M |
|
410
Cactus
WHD
$5.08B
| $3.69M | 0.01% |
134,532
+59,718
| +80% | +$1.96M |
|
411
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $3.65M | 0.01% |
110,627
+69,660
| +170% | +$2.3M |
|
412
FormFactor
FORM
$8.49B
| $3.64M | 0.01% |
258,653
+15,520
| +6% | +$216K |
|
413
United Rentals
URI
$69.3B
| $3.6M | ﹤0.01% |
35,122
+3,600
| +11% | +$434K |
|
414
OraSure Technologies
OSUR
$288M
| $3.56M | ﹤0.01% |
304,439
| – | – |
|
415
Cencora
COR
$60B
| $3.55M | ﹤0.01% |
47,676
+46
| +0.1% | +$3.97K |
|
|
EXAS
416
DELISTED
Exact Sciences
EXAS
| $3.51M | ﹤0.01% |
55,651
-400
| -0.7% | -$27.5K |
|
417
United Parcel Service
UPS
$90.7B
| $3.5M | ﹤0.01% |
35,886
-10,114
| -22% | -$1.1M |
|
418
iShares MSCI Denmark ETF
EDEN
$203M
| $3.41M | ﹤0.01% |
59,962
+56,738
| +1,760% | +$3.34M |
|
419
Kimberly-Clark
KMB
$35.8B
| $3.35M | ﹤0.01% |
29,368
-5,647
| -16% | -$627K |
|
420
Rexford Industrial Realty
REXR
$8.39B
| $3.35M | ﹤0.01% |
113,529
+5,678
| +5% | +$180K |
|
421
VanEck Oil Services ETF
OIH
$1.89B
| $3.32M | ﹤0.01% |
11,827
+10,747
| +995% | +$4.25M |
|
422
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $3.32M | ﹤0.01% |
13,279
+4,857
| +58% | +$1.31M |
|
|
JNPR
423
DELISTED
Juniper Networks
JNPR
| $3.3M | ﹤0.01% |
122,521
+7
| +0% | +$198 |
|
424
Cavco Industries
CVCO
$4.21B
| $3.23M | ﹤0.01% |
+24,764
| New | +$4.48M |
|
425
Perrigo
PRGO
$1.47B
| $3.2M | ﹤0.01% |
82,652
| – | – |
|
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.