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 |
Adobe
ADBE
|
+$312M |
| 2 |
Salesforce
CRM
|
+$299M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$263M |
| 4 |
Netflix
NFLX
|
+$250M |
| 5 |
ConocoPhillips
COP
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$755M |
| 2 |
Procter & Gamble
PG
|
+$520M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$179M |
| 4 |
Televisa
TV
|
+$119M |
| 5 |
Vanguard Industrials ETF
VIS
|
+$81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.39% |
| 2 | Financials | 12.97% |
| 3 | Healthcare | 11.55% |
| 4 | Consumer Discretionary | 8.66% |
| 5 | Energy | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$367B
| $806M | 0.94% |
15,004,481
+461,344
| +3% | +$23.5M |
|
|
27
Adobe
ADBE
$98.5B
| $764M | 0.9% |
2,866,481
+1,238,916
| +76% | +$312M |
|
|
NVO
28
Novo Nordisk
NVO
$228B
| $763M | 0.89% |
29,159,344
+753,474
| +3% | +$18.5M |
|
29
Novartis
NVS
$301B
| $752M | 0.88% |
8,730,123
+237,774
| +3% | +$19.1M |
|
30
Sanofi
SNY
$103B
| $731M | 0.86% |
16,500,462
+459,410
| +3% | +$19.7M |
|
31
Merck
MRK
$321B
| $705M | 0.83% |
8,888,881
+58,102
| +0.7% | +$4.35M |
|
32
Costco
COST
$423B
| $688M | 0.81% |
2,840,766
+57,663
| +2% | +$12.6M |
|
33
HSBC
HSBC
$367B
| $677M | 0.79% |
16,871,341
+174,183
| +1% | +$7.02M |
|
|
FRLG
34
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $658M | 0.77% |
6,008,661
+1,625,016
| +37% | +$161M |
|
35
Petrobras
PBR
$123B
| $655M | 0.77% |
41,133,785
-858,475
| -2% | -$13.6M |
|
|
SI
36
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $635M | 0.74% |
11,790,212
+421,328
| +4% | +$22.7M |
|
37
UBS Group
UBS
$175B
| $623M | 0.73% |
51,404,707
+2,577,441
| +5% | +$32.6M |
|
38
AstraZeneca
AZN
$266B
| $622M | 0.73% |
7,687,299
+204,679
| +3% | +$16.1M |
|
39
GSK
GSK
$104B
| $609M | 0.71% |
11,660,802
+378,754
| +3% | +$18.9M |
|
40
Chevron
CVX
$383B
| $600M | 0.7% |
4,872,302
+116,560
| +2% | +$13.8M |
|
41
Rio Tinto
RIO
$158B
| $594M | 0.7% |
10,096,351
+609,241
| +6% | +$33.5M |
|
42
iShares MBS ETF
MBB
$39.1B
| $590M | 0.69% |
5,546,466
+374,365
| +7% | +$39.4M |
|
43
RTX Corp
RTX
$289B
| $575M | 0.67% |
7,084,639
+186,467
| +3% | +$14.2M |
|
44
JPMorgan Chase
JPM
$933B
| $566M | 0.66% |
5,587,481
+160,503
| +3% | +$16.5M |
|
45
ING
ING
$99.8B
| $563M | 0.66% |
46,412,059
+2,120,869
| +5% | +$25.6M |
|
46
AB InBev
BUD
$166B
| $562M | 0.66% |
6,697,144
+374,222
| +6% | +$28.8M |
|
|
47
Procter & Gamble
PG
$335B
| $519M | 0.61% |
4,989,051
-5,345,749
| -52% | -$520M |
|
48
Eli Lilly
LLY
$1.03T
| $511M | 0.6% |
3,935,231
+100,704
| +3% | +$12.2M |
|
49
ExxonMobil
XOM
$651B
| $501M | 0.59% |
6,198,348
+266,933
| +5% | +$20.4M |
|
50
HDFC Bank
HDB
$124B
| $493M | 0.58% |
17,014,092
-677,856
| -4% | -$17.6M |
|
Similar funds
Ken Fisher's Q1 2019 Portfolio in Review
As of Q1 2019, Ken Fisher held 944 positions worth $85.3B, up 17% from $73.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2019 filing shows 78 new, 319 increased, 366 reduced and 82 closed positions. Its largest new stake was Hess: 2,044,909 shares worth $123M. The largest sale was PepsiCo, an estimated $755M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q1 2019 buy was Hess: 2,044,909 shares worth $123M.
- Ken Fisher added most to Adobe in Q1 2019, an estimated $312M increase.
- Ken Fisher's biggest Q1 2019 reduction was PepsiCo, cutting an estimated $755M.
- Ken Fisher fully exited Televisa in Q1 2019, selling an estimated $119M.
- Ken Fisher's ten largest holdings make up 26% of its $85.3B portfolio in Q1 2019.
- Ken Fisher opened 78 new positions and closed 82 in Q1 2019.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $85.3B.
Based on Fisher Asset Management's 13F filing for Q1 2019, filed 22 Apr 2019.