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 | |
|---|---|---|---|---|---|---|
|
MNTV
401
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.6M | ﹤0.01% |
140,740
+48,872
| +53% | +$1.1M |
|
402
AbbVie
ABBV
$433B
| $3.54M | ﹤0.01% |
33,060
+3,380
| +11% | +$325K |
|
|
VMW
403
DELISTED
VMware, Inc
VMW
| $3.48M | ﹤0.01% |
24,810
-580
| -2% | -$83.1K |
|
|
BZUN
404
Baozun
BZUN
$172M
| $3.29M | ﹤0.01% |
95,760
-11,618
| -11% | -$426K |
|
405
Incyte
INCY
$24.4B
| $3.24M | ﹤0.01% |
37,239
-777
| -2% | -$67.2K |
|
406
US Bancorp
USB
$99.5B
| $3.23M | ﹤0.01% |
69,437
+6,450
| +10% | +$273K |
|
407
Shopify
SHOP
$193B
| $3.19M | ﹤0.01% |
28,180
+12,560
| +80% | +$1.32M |
|
408
Tesla
TSLA
$1.29T
| $3.19M | ﹤0.01% |
13,560
+2,823
| +26% | +$482K |
|
|
TMHC
409
DELISTED
Taylor Morrison
TMHC
| $3.14M | ﹤0.01% |
122,387
-9,256
| -7% | -$236K |
|
|
NUAN
410
DELISTED
Nuance Communications, Inc.
NUAN
| $3.08M | ﹤0.01% |
69,859
-8,077
| -10% | -$306K |
|
411
Cooper Companies
COO
$14.5B
| $3.06M | ﹤0.01% |
33,680
-4,724
| -12% | -$405K |
|
412
VanEck Oil Services ETF
OIH
$1.94B
| $3.02M | ﹤0.01% |
19,621
+4,990
| +34% | +$633K |
|
|
VRE
413
DELISTED
Veris Residential
VRE
| $2.96M | ﹤0.01% |
237,684
| – | – |
|
414
iShares Global Consumer Staples ETF
KXI
$1.07B
| $2.94M | ﹤0.01% |
50,457
-3,997
| -7% | -$227K |
|
415
iShares Core MSCI EAFE ETF
IEFA
$195B
| $2.92M | ﹤0.01% |
42,318
+11,277
| +36% | +$729K |
|
416
AptarGroup
ATR
$8.67B
| $2.86M | ﹤0.01% |
20,898
+4,322
| +26% | +$536K |
|
|
EXAS
417
DELISTED
Exact Sciences
EXAS
| $2.83M | ﹤0.01% |
21,374
+4,972
| +30% | +$601K |
|
418
Stewart Information Services
STC
$2.08B
| $2.82M | ﹤0.01% |
58,394
| – | – |
|
419
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $2.82M | ﹤0.01% |
43,430
+1,906
| +5% | +$116K |
|
|
RDS.B
420
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $2.68M | ﹤0.01% |
79,622
+3,432
| +5% | +$102K |
|
|
LHCG
421
DELISTED
LHC Group LLC
LHCG
| $2.67M | ﹤0.01% |
12,532
-3,050
| -20% | -$650K |
|
422
iShares Russell 1000 Growth ETF
IWF
$127B
| $2.67M | ﹤0.01% |
44,304
+15,356
| +53% | +$874K |
|
423
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $2.66M | ﹤0.01% |
48,138
+39,395
| +451% | +$2.15M |
|
424
Verizon
VZ
$195B
| $2.61M | ﹤0.01% |
44,402
+3,243
| +8% | +$193K |
|
425
Aptiv
APTV
$10.1B
| $2.6M | ﹤0.01% |
+19,986
| New | +$2.22M |
|
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.