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 | |
|---|---|---|---|---|---|---|
451
AT&T
T
$159B
| $2.4M | ﹤0.01% |
111,562
-4,603
| -4% | -$107K |
|
452
iShares Global Materials ETF
MXI
$341M
| $2.4M | ﹤0.01% |
+41,839
| New | +$2.55M |
|
453
General Mills
GIS
$19.1B
| $2.4M | ﹤0.01% |
61,587
-11,049
| -15% | -$467K |
|
454
IBM
IBM
$211B
| $2.39M | ﹤0.01% |
21,970
-3,270
| -13% | -$392K |
|
455
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.33B
| $2.36M | ﹤0.01% |
+20,208
| New | +$2.51M |
|
|
WRD
456
DELISTED
WildHorse Resource Development
WRD
| $2.32M | ﹤0.01% |
164,551
-17,170
| -9% | -$338K |
|
|
GWB
457
DELISTED
Great Western Bancorp, Inc.
GWB
| $2.3M | ﹤0.01% |
73,594
+21
| +0% | +$764 |
|
|
NE
458
DELISTED
Noble Corporation
NE
| $2.26M | ﹤0.01% |
863,017
+173,103
| +25% | +$822K |
|
|
MITSY
459
DELISTED
MITSUI & CO LTD ADR (US)
MITSY
| $2.24M | ﹤0.01% |
7,263
+34
| +0.5% | +$10.5K |
|
460
Knowles
KN
$3.13B
| $2.24M | ﹤0.01% |
168,082
| – | – |
|
|
JPN
461
DELISTED
Xtrackers Japan JPX-Nikkei 400 Equity ETF
JPN
| $2.19M | ﹤0.01% |
+88,607
| New | +$2.36M |
|
462
Columbia Banking Systems
COLB
$8.84B
| $2.16M | ﹤0.01% |
59,409
+5,398
| +10% | +$202K |
|
463
Korn Ferry
KFY
$4.18B
| $2.16M | ﹤0.01% |
54,516
+4,257
| +8% | +$192K |
|
464
Citigroup
C
$222B
| $2.14M | ﹤0.01% |
41,141
-3,148
| -7% | -$199K |
|
|
FARO
465
DELISTED
Faro Technologies
FARO
| $2.1M | ﹤0.01% |
51,801
| – | – |
|
466
iShares Semiconductor ETF
SOXX
$45.5B
| $2.1M | ﹤0.01% |
+40,200
| New | +$2.21M |
|
|
PDCO
467
DELISTED
Patterson Companies, Inc.
PDCO
| $2.1M | ﹤0.01% |
106,596
| – | – |
|
468
CF Industries
CF
$19.2B
| $2.07M | ﹤0.01% |
47,641
+270
| +0.6% | +$12.7K |
|
|
JOYY
469
JOYY Inc
JOYY
$3.71B
| $2.05M | ﹤0.01% |
34,285
-53
| -0.2% | -$3.45K |
|
|
470
Vodafone
VOD
$36.3B
| $2.03M | ﹤0.01% |
105,280
-21,119,917
| -100% | -$422M |
|
471
Ericsson
ERIC
$32.2B
| $1.99M | ﹤0.01% |
223,868
-1,103
| -0.5% | -$9.59K |
|
472
General Dynamics
GD
$104B
| $1.98M | ﹤0.01% |
12,598
-923
| -7% | -$165K |
|
473
Neurocrine Biosciences
NBIX
$16.8B
| $1.97M | ﹤0.01% |
27,640
-507
| -2% | -$48.6K |
|
474
Ironwood Pharmaceuticals
IRWD
$696M
| $1.97M | ﹤0.01% |
227,036
-13,160
| -5% | -$151K |
|
475
McDonald's
MCD
$192B
| $1.95M | ﹤0.01% |
10,959
+1,879
| +21% | +$333K |
|
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.