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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$367B
| $728M | 0.88% |
14,122,584
+484,391
| +4% | +$23.5M |
|
|
FFEU
27
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
| $728M | 0.88% |
7,622,604
+556,212
| +8% | +$53.7M |
|
|
SI
28
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $714M | 0.87% |
11,136,250
+375,592
| +3% | +$24.1M |
|
29
Sanofi
SNY
$103B
| $698M | 0.85% |
15,626,683
+4,121
| +0% | +$176K |
|
30
HSBC
HSBC
$367B
| $692M | 0.84% |
16,508,195
+308,230
| +2% | +$13.4M |
|
|
NVO
31
Novo Nordisk
NVO
$228B
| $650M | 0.79% |
27,594,808
+455,466
| +2% | +$11.1M |
|
32
Novartis
NVS
$301B
| $640M | 0.78% |
8,286,386
+111,395
| +1% | +$8.23M |
|
33
Costco
COST
$423B
| $630M | 0.76% |
2,680,719
+82,875
| +3% | +$18.7M |
|
34
JPMorgan Chase
JPM
$933B
| $589M | 0.71% |
5,218,198
+8,350
| +0.2% | +$948K |
|
35
RTX Corp
RTX
$289B
| $586M | 0.71% |
6,664,681
+170,970
| +3% | +$14.4M |
|
36
Merck
MRK
$321B
| $571M | 0.69% |
8,432,358
+123,598
| +1% | +$7.87M |
|
37
ING
ING
$99.8B
| $570M | 0.69% |
43,945,914
+649,044
| +1% | +$9.1M |
|
38
AB InBev
BUD
$166B
| $565M | 0.69% |
6,446,579
+100,075
| +2% | +$9.75M |
|
39
Chevron
CVX
$383B
| $564M | 0.68% |
4,612,686
+218,456
| +5% | +$26.5M |
|
40
GSK
GSK
$104B
| $563M | 0.68% |
11,209,062
+149,764
| +1% | +$7.61M |
|
41
AstraZeneca
AZN
$266B
| $535M | 0.65% |
6,758,362
+218,391
| +3% | +$16.5M |
|
42
iShares MBS ETF
MBB
$39.1B
| $512M | 0.62% |
4,957,367
-442,573
| -8% | -$45.9M |
|
|
FIEE
43
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $510M | 0.62% |
3,182,589
-45,472
| -1% | -$7.37M |
|
|
RDS.A
44
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $510M | 0.62% |
7,477,967
+1,933,865
| +35% | +$129M |
|
45
Vale
VALE
$63.8B
| $506M | 0.61% |
34,121,206
+17,769,298
| +109% | +$240M |
|
46
ExxonMobil
XOM
$651B
| $498M | 0.6% |
5,855,133
+228,513
| +4% | +$18.7M |
|
47
Petrobras
PBR
$123B
| $490M | 0.59% |
40,588,956
+7,359,485
| +22% | +$81.6M |
|
48
Sumitomo Mitsui Financial
SMFG
$164B
| $477M | 0.58% |
59,436,375
+1,647,316
| +3% | +$13M |
|
49
Banco Santander
SAN
$202B
| $475M | 0.58% |
99,061,697
+1,907,310
| +2% | +$9.6M |
|
|
50
Rio Tinto
RIO
$158B
| $473M | 0.57% |
9,275,526
+5,169,326
| +126% | +$263M |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.