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 |
iShares MSCI Europe Financials ETF
EUFN
|
+$427M |
| 2 |
iShares Global Energy ETF
IXC
|
+$357M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$322M |
| 4 |
iShares MSCI Spain ETF
EWP
|
+$194M |
| 5 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$208M |
| 2 |
ING
ING
|
+$123M |
| 3 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$90.3M |
| 4 |
Banco Santander
SAN
|
+$82.1M |
| 5 |
Freeport-McMoran
FCX
|
+$57.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.73% |
| 2 | Technology | 18.76% |
| 3 | Financials | 12.9% |
| 4 | Healthcare | 11.32% |
| 5 | Consumer Discretionary | 8.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$433B
| $887M | 0.98% |
15,567,402
+562,921
| +4% | +$30.5M |
|
27
Salesforce
CRM
$204B
| $853M | 0.94% |
5,618,684
+274,633
| +5% | +$43M |
|
|
28
TotalEnergies
TTE
$203B
| $790M | 0.87% |
14,152,309
-3,811,548
| -21% | -$208M |
|
29
Costco
COST
$401B
| $777M | 0.86% |
2,938,564
+97,798
| +3% | +$24.4M |
|
|
NVO
30
Novo Nordisk
NVO
$190B
| $761M | 0.84% |
29,802,468
+643,124
| +2% | +$15.9M |
|
31
Novartis
NVS
$261B
| $737M | 0.81% |
8,067,235
-662,888
| -8% | -$56.1M |
|
32
Merck
MRK
$355B
| $735M | 0.81% |
9,182,501
+293,620
| +3% | +$22.5M |
|
33
Sanofi
SNY
$102B
| $730M | 0.81% |
16,868,423
+367,961
| +2% | +$15.6M |
|
|
SI
34
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $686M | 0.76% |
11,511,587
-278,625
| -2% | -$16.6M |
|
35
HSBC
HSBC
$361B
| $681M | 0.75% |
16,315,140
-556,201
| -3% | -$23.3M |
|
36
Rio Tinto
RIO
$163B
| $659M | 0.73% |
10,567,108
+470,757
| +5% | +$28.2M |
|
37
AstraZeneca
AZN
$248B
| $657M | 0.73% |
7,952,146
+264,847
| +3% | +$20.8M |
|
38
iShares MBS ETF
MBB
$38.9B
| $651M | 0.72% |
6,047,698
+501,232
| +9% | +$53.3M |
|
39
JPMorgan Chase
JPM
$947B
| $650M | 0.72% |
5,811,331
+223,850
| +4% | +$24.7M |
|
40
Chevron
CVX
$420B
| $627M | 0.69% |
5,039,254
+166,952
| +3% | +$20.2M |
|
41
Petrobras
PBR
$137B
| $621M | 0.69% |
39,915,866
-1,217,919
| -3% | -$18.6M |
|
42
AB InBev
BUD
$154B
| $607M | 0.67% |
6,862,410
+165,266
| +2% | +$14.2M |
|
43
UBS Group
UBS
$167B
| $606M | 0.67% |
51,106,940
-297,767
| -0.6% | -$3.65M |
|
44
RTX Corp
RTX
$266B
| $600M | 0.66% |
7,325,991
+241,352
| +3% | +$20.2M |
|
45
Procter & Gamble
PG
$337B
| $561M | 0.62% |
5,113,666
+124,615
| +2% | +$13.3M |
|
46
GSK
GSK
$96.4B
| $554M | 0.61% |
11,084,176
-576,626
| -5% | -$28.9M |
|
47
ASML
ASML
$652B
| $531M | 0.59% |
2,554,428
+75,020
| +3% | +$14.9M |
|
48
HDFC Bank
HDB
$120B
| $525M | 0.58% |
16,152,620
-861,472
| -5% | -$26M |
|
|
FIEE
49
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $503M | 0.56% |
3,008,792
-50,950
| -2% | -$8.05M |
|
|
50
iShares MSCI Europe Financials ETF
EUFN
$4.26B
| $502M | 0.55% |
27,632,996
+22,804,524
| +472% | +$427M |
|
Similar funds
Ken Fisher's Q2 2019 Portfolio in Review
As of Q2 2019, Ken Fisher held 967 positions worth $90.5B, up 6% from $85.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q2 2019 filing shows 105 new, 388 increased, 294 reduced and 65 closed positions. Its largest new stake was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M. The largest sale was TotalEnergies, an estimated $208M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 26% a quarter earlier, followed by Technology and Financials.
- Ken Fisher's largest Q2 2019 buy was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M.
- Ken Fisher added most to iShares MSCI Europe Financials ETF in Q2 2019, an estimated $427M increase.
- Ken Fisher's biggest Q2 2019 reduction was TotalEnergies, cutting an estimated $208M.
- Ken Fisher fully exited Rowan Companies Plc in Q2 2019, selling an estimated $10.6M.
- Ken Fisher's ten largest holdings make up 27% of its $90.5B portfolio in Q2 2019.
- Ken Fisher opened 105 new positions and closed 65 in Q2 2019.
- Ken Fisher's portfolio value rose 6% quarter-over-quarter to $90.5B.
Based on Fisher Asset Management's 13F filing for Q2 2019, filed 30 Jul 2019.