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 |
Caterpillar
CAT
|
+$675M |
| 2 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$559M |
| 3 |
PayPal
PYPL
|
+$417M |
| 4 |
Netflix
NFLX
|
+$408M |
| 5 |
Alibaba
BABA
|
+$328M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.01% |
| 2 | Financials | 13.51% |
| 3 | Healthcare | 10.94% |
| 4 | Consumer Discretionary | 8.78% |
| 5 | Energy | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$423B
| $874M | 0.96% |
3,035,174
+96,610
| +3% | +$27.2M |
|
|
FRLG
27
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $862M | 0.95% |
7,167,344
-545,355
| -7% | -$66M |
|
|
RDS.A
28
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $858M | 0.94% |
14,572,455
+716,424
| +5% | +$42.5M |
|
29
Sanofi
SNY
$103B
| $805M | 0.88% |
17,377,003
+508,580
| +3% | +$21.9M |
|
|
NVO
30
Novo Nordisk
NVO
$228B
| $786M | 0.86% |
30,422,600
+620,132
| +2% | +$15.7M |
|
31
Merck
MRK
$321B
| $757M | 0.83% |
9,428,342
+245,841
| +3% | +$19.7M |
|
32
AstraZeneca
AZN
$266B
| $725M | 0.8% |
8,130,981
+178,835
| +2% | +$15.5M |
|
33
Novartis
NVS
$301B
| $723M | 0.79% |
8,314,984
+247,749
| +3% | +$22.2M |
|
34
JPMorgan Chase
JPM
$933B
| $702M | 0.77% |
5,965,183
+153,852
| +3% | +$17.4M |
|
35
iShares MBS ETF
MBB
$39.1B
| $698M | 0.77% |
6,449,149
+401,451
| +7% | +$43.3M |
|
|
SI
36
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $680M | 0.75% |
12,704,128
+1,192,541
| +10% | +$63.9M |
|
|
37
Caterpillar
CAT
$373B
| $679M | 0.75% |
5,376,797
+5,313,853
| +8,442% | +$675M |
|
38
AB InBev
BUD
$166B
| $670M | 0.74% |
7,041,510
+179,100
| +3% | +$17M |
|
39
GSK
GSK
$104B
| $652M | 0.72% |
12,214,070
+1,129,894
| +10% | +$58.1M |
|
40
ASML
ASML
$634B
| $649M | 0.71% |
2,612,581
+58,153
| +2% | +$13.1M |
|
41
RTX Corp
RTX
$289B
| $645M | 0.71% |
7,512,539
+186,548
| +3% | +$15.5M |
|
42
Procter & Gamble
PG
$335B
| $627M | 0.69% |
5,039,515
-74,151
| -1% | -$8.76M |
|
43
Chevron
CVX
$383B
| $612M | 0.67% |
5,163,054
+123,800
| +2% | +$15M |
|
|
44
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $608M | 0.67% |
19,703,786
+18,174,376
| +1,188% | +$559M |
|
45
HSBC
HSBC
$367B
| $608M | 0.67% |
15,876,496
-438,644
| -3% | -$17M |
|
46
UBS Group
UBS
$175B
| $594M | 0.65% |
52,490,995
+1,384,055
| +3% | +$15.6M |
|
|
47
Netflix
NFLX
$305B
| $593M | 0.65% |
22,163,290
+13,026,780
| +143% | +$408M |
|
48
Rio Tinto
RIO
$158B
| $567M | 0.62% |
10,894,565
+327,457
| +3% | +$17.8M |
|
49
Petrobras
PBR
$123B
| $562M | 0.62% |
38,822,835
-1,093,031
| -3% | -$16.1M |
|
50
ING
ING
$99.8B
| $514M | 0.56% |
49,194,733
+13,109,071
| +36% | +$138M |
|
Similar funds
Ken Fisher's Q3 2019 Portfolio in Review
As of Q3 2019, Ken Fisher held 980 positions worth $91.1B, up 0.75% from $90.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q3 2019 filing shows 78 new, 345 increased, 343 reduced and 77 closed positions. Its largest new stake was Global Payments: 199,149 shares worth $31.7M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, an estimated $881M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2019 buy was Global Payments: 199,149 shares worth $31.7M.
- Ken Fisher added most to Caterpillar in Q3 2019, an estimated $675M increase.
- Ken Fisher's biggest Q3 2019 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, cutting an estimated $881M.
- Ken Fisher fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $53.8M.
- Ken Fisher's ten largest holdings make up 26% of its $91.1B portfolio in Q3 2019.
- Ken Fisher opened 78 new positions and closed 77 in Q3 2019.
- Ken Fisher's portfolio value rose 0.75% quarter-over-quarter to $91.1B.
Based on Fisher Asset Management's 13F filing for Q3 2019, filed 29 Oct 2019.