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 | |
|---|---|---|---|---|---|---|
426
Morningstar
MORN
$7.39B
| $3.19M | ﹤0.01% |
29,003
| – | – |
|
427
Stewart Information Services
STC
$2.08B
| $3.16M | ﹤0.01% |
76,410
| – | – |
|
|
ANSS
428
DELISTED
Ansys
ANSS
| $3.14M | ﹤0.01% |
21,970
-42
| -0.2% | -$6.52K |
|
429
VanEck Semiconductor ETF
SMH
$68.1B
| $3.09M | ﹤0.01% |
+70,708
| New | +$3.32M |
|
430
iShares MSCI China ETF
MCHI
$6.31B
| $3.02M | ﹤0.01% |
57,413
+49,835
| +658% | +$2.74M |
|
|
LPT
431
DELISTED
Liberty Property Trust
LPT
| $3.01M | ﹤0.01% |
71,792
| – | – |
|
432
Materion
MTRN
$4.48B
| $2.98M | ﹤0.01% |
+66,345
| New | +$3.53M |
|
433
Check Point Software Technologies
CHKP
$12.7B
| $2.88M | ﹤0.01% |
28,086
+535
| +2% | +$58.7K |
|
434
National Beverage
FIZZ
$2.92B
| $2.88M | ﹤0.01% |
80,190
+62,300
| +348% | +$2.87M |
|
435
PetMed Express
PETS
$42.1M
| $2.86M | ﹤0.01% |
122,983
+110
| +0.1% | +$2.94K |
|
|
LHCG
436
DELISTED
LHC Group LLC
LHCG
| $2.8M | ﹤0.01% |
29,834
+794
| +3% | +$75.9K |
|
|
SFBS
437
ServisFirst Bancshares
SFBS
$4.89B
| $2.74M | ﹤0.01% |
85,907
| – | – |
|
438
Comfort Systems
FIX
$61.8B
| $2.73M | ﹤0.01% |
62,489
+3,187
| +5% | +$163K |
|
439
Sarepta Therapeutics
SRPT
$1.62B
| $2.68M | ﹤0.01% |
24,598
+133
| +0.5% | +$16.6K |
|
|
WRI
440
DELISTED
Weingarten Realty Investors
WRI
| $2.6M | ﹤0.01% |
104,699
+1,400
| +1% | +$38.9K |
|
441
Eagle Bancorp
EGBN
$843M
| $2.58M | ﹤0.01% |
52,913
| – | – |
|
442
Simpson Manufacturing
SSD
$7.82B
| $2.56M | ﹤0.01% |
+47,339
| New | +$2.78M |
|
443
Alkermes
ALKS
$8.49B
| $2.52M | ﹤0.01% |
85,354
+22,933
| +37% | +$845K |
|
444
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.46B
| $2.51M | ﹤0.01% |
75,436
+61,078
| +425% | +$2.15M |
|
445
Anika Therapeutics
ANIK
$276M
| $2.5M | ﹤0.01% |
74,224
+3,546
| +5% | +$128K |
|
446
Affiliated Managers Group
AMG
$9.95B
| $2.49M | ﹤0.01% |
25,516
-10
| -0% | -$1.13K |
|
447
Freshpet
FRPT
$2.92B
| $2.48M | ﹤0.01% |
77,233
+61,214
| +382% | +$2.13M |
|
448
Icon
ICLR
$12.2B
| $2.46M | ﹤0.01% |
19,034
-375
| -2% | -$51.8K |
|
449
Ameris Bancorp
ABCB
$5.9B
| $2.44M | ﹤0.01% |
77,141
| – | – |
|
450
Booking.com
BKNG
$149B
| $2.43M | ﹤0.01% |
35,275
-475
| -1% | -$34.8K |
|
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.