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
|
+$274M |
| 2 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$138M |
| 3 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$69.1M |
| 4 |
Lumentum
LITE
|
+$41.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$171M |
| 2 |
Petrobras
PBR
|
+$64.7M |
| 3 |
Vale
VALE
|
+$62.7M |
| 4 |
WMGI
Wright Medical Group Inc
WMGI
|
+$61.9M |
| 5 |
HDFC Bank
HDB
|
+$57.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Financials | 13.08% |
| 3 | Healthcare | 10.74% |
| 4 | Consumer Discretionary | 8.75% |
| 5 | Energy | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $2.93M | ﹤0.01% |
9,112
-2,126
| -19% | -$655K |
|
402
T. Rowe Price
TROW
$24.3B
| $2.85M | ﹤0.01% |
23,409
-96,047
| -80% | -$11.3M |
|
|
FARO
403
DELISTED
Faro Technologies
FARO
| $2.82M | ﹤0.01% |
56,021
| – | – |
|
404
Valero Energy
VLO
$88.5B
| $2.82M | ﹤0.01% |
30,065
-64,258
| -68% | -$6.07M |
|
405
Verizon
VZ
$198B
| $2.77M | ﹤0.01% |
45,157
-2,306
| -5% | -$139K |
|
406
State Street SPDR S&P Metals & Mining ETF
XME
$3.94B
| $2.73M | ﹤0.01% |
93,096
+68,398
| +277% | +$1.87M |
|
407
PetMed Express
PETS
$42.3M
| $2.71M | ﹤0.01% |
115,415
-1
| -0% | -$22 |
|
408
Republic Services
RSG
$64.5B
| $2.68M | ﹤0.01% |
29,863
-48,397
| -62% | -$4.23M |
|
409
McDonald's
MCD
$188B
| $2.66M | ﹤0.01% |
13,459
+3,978
| +42% | +$789K |
|
410
IBM
IBM
$213B
| $2.65M | ﹤0.01% |
20,694
-976
| -5% | -$127K |
|
411
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $2.65M | ﹤0.01% |
104,256
+26,701
| +34% | +$679K |
|
412
Marriott International
MAR
$91.5B
| $2.65M | ﹤0.01% |
17,471
-49,399
| -74% | -$6.62M |
|
413
iShares Expanded Tech-Software Sector ETF
IGV
$13.8B
| $2.62M | ﹤0.01% |
56,290
+43,795
| +351% | +$1.94M |
|
414
UGI
UGI
$7.78B
| $2.56M | ﹤0.01% |
+56,608
| New | +$2.59M |
|
415
OraSure Technologies
OSUR
$286M
| $2.55M | ﹤0.01% |
317,004
-25,814
| -8% | -$209K |
|
|
FIEE
416
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $2.52M | ﹤0.01% |
13,669
-9,677
| -41% | -$1.65M |
|
417
iShares Core MSCI EAFE ETF
IEFA
$191B
| $2.52M | ﹤0.01% |
38,626
+5,625
| +17% | +$357K |
|
418
Columbia Banking Systems
COLB
$8.91B
| $2.46M | ﹤0.01% |
60,409
| – | – |
|
|
419
Petrobras Class A
PBR.A
$109B
| $2.45M | ﹤0.01% |
164,202
| – | – |
|
420
Altria Group
MO
$114B
| $2.45M | ﹤0.01% |
49,003
-188
| -0.4% | -$8.87K |
|
421
UnitedHealth
UNH
$377B
| $2.38M | ﹤0.01% |
8,096
+1,086
| +15% | +$284K |
|
|
BZUN
422
Baozun
BZUN
$175M
| $2.38M | ﹤0.01% |
71,729
+27
| +0% | +$1.07K |
|
423
Anika Therapeutics
ANIK
$277M
| $2.33M | ﹤0.01% |
44,909
-35,491
| -44% | -$2.06M |
|
424
Eagle Bancorp
EGBN
$849M
| $2.32M | ﹤0.01% |
47,758
-14,275
| -23% | -$646K |
|
425
Amdocs
DOX
$5.88B
| $2.31M | ﹤0.01% |
31,954
-291,765
| -90% | -$19.9M |
|
Similar funds
Ken Fisher's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Fisher held 981 positions worth $99B, up 8.6% from $91.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q4 2019 filing shows 78 new, 256 increased, 457 reduced and 83 closed positions. Its largest new stake was Enterprise Products Partners: 584,777 shares worth $16.5M. The largest sale was TSMC, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2019 buy was Enterprise Products Partners: 584,777 shares worth $16.5M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2019, an estimated $274M increase.
- Ken Fisher's biggest Q4 2019 reduction was TSMC, cutting an estimated $171M.
- Ken Fisher fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $61.9M.
- Ken Fisher's ten largest holdings make up 28% of its $99B portfolio in Q4 2019.
- Ken Fisher opened 78 new positions and closed 83 in Q4 2019.
- Ken Fisher's portfolio value rose 8.6% quarter-over-quarter to $99B.
Based on Fisher Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.