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 |
NextEra Energy
NEE
|
+$703M |
| 2 |
UnitedHealth
UNH
|
+$671M |
| 3 |
3M
MMM
|
+$660M |
| 4 |
Walt Disney
DIS
|
+$506M |
| 5 |
Toyota
TM
|
+$476M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.39% |
| 2 | Consumer Discretionary | 12.64% |
| 3 | Financials | 11.77% |
| 4 | Healthcare | 10.94% |
| 5 | Communication Services | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sanofi
SNY
$103B
| $927M | 0.9% |
18,155,655
+493,628
| +3% | +$24M |
|
27
AstraZeneca
AZN
$263B
| $895M | 0.87% |
8,463,473
+185,186
| +2% | +$19.1M |
|
28
iShares MBS ETF
MBB
$38.9B
| $841M | 0.82% |
7,601,543
+529,934
| +7% | +$58.7M |
|
29
TotalEnergies
TTE
$195B
| $793M | 0.77% |
20,619,119
+523,994
| +3% | +$19.4M |
|
|
SI
30
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $788M | 0.77% |
13,395,108
+485,129
| +4% | +$28.5M |
|
31
Novartis
NVS
$297B
| $771M | 0.75% |
8,827,829
+292,961
| +3% | +$25.3M |
|
32
Eli Lilly
LLY
$1.02T
| $739M | 0.72% |
4,498,977
+164,530
| +4% | +$25.3M |
|
33
Caterpillar
CAT
$375B
| $734M | 0.72% |
5,799,409
+190,262
| +3% | +$22.6M |
|
34
Oracle
ORCL
$374B
| $722M | 0.7% |
13,060,435
-148,620
| -1% | -$7.87M |
|
|
35
NextEra Energy
NEE
$181B
| $706M | 0.69% |
11,752,956
+11,745,568
| +158,982% | +$703M |
|
36
Merck
MRK
$322B
| $704M | 0.69% |
9,539,816
+204,744
| +2% | +$15.4M |
|
|
37
UnitedHealth
UNH
$376B
| $692M | 0.68% |
2,347,070
+2,341,377
| +41,127% | +$671M |
|
|
38
3M
MMM
$90.9B
| $691M | 0.67% |
5,297,359
+5,240,706
| +9,251% | +$660M |
|
39
Union Pacific
UNP
$174B
| $681M | 0.66% |
4,028,867
+282,434
| +8% | +$45.3M |
|
40
GSK
GSK
$104B
| $648M | 0.63% |
12,702,538
+270,566
| +2% | +$13.9M |
|
41
Rio Tinto
RIO
$158B
| $648M | 0.63% |
11,527,480
+387,237
| +3% | +$19.6M |
|
42
Intuitive Surgical
ISRG
$127B
| $642M | 0.63% |
3,382,026
+1,261,233
| +59% | +$226M |
|
43
Nike
NKE
$61.9B
| $633M | 0.62% |
6,455,579
+562,821
| +10% | +$51.9M |
|
44
Abbott
ABT
$183B
| $631M | 0.62% |
6,904,344
+3,340,466
| +94% | +$302M |
|
45
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $611M | 0.6% |
19,494,638
-204,839
| -1% | -$6.35M |
|
46
JPMorgan Chase
JPM
$935B
| $596M | 0.58% |
6,332,878
+293,173
| +5% | +$27.8M |
|
47
Starbucks
SBUX
$120B
| $573M | 0.56% |
7,786,036
+4,524,099
| +139% | +$340M |
|
48
Thermo Fisher Scientific
TMO
$213B
| $554M | 0.54% |
1,529,698
+585,222
| +62% | +$196M |
|
|
RDS.A
49
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $499M | 0.49% |
15,251,703
+355,054
| +2% | +$12.2M |
|
50
Danaher
DHR
$137B
| $495M | 0.48% |
3,159,913
+1,041,087
| +49% | +$149M |
|
Similar funds
Ken Fisher's Q2 2020 Portfolio in Review
As of Q2 2020, Ken Fisher held 986 positions worth $102B, up 27% from $80.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher's Q2 2020 filing shows 120 new, 322 increased, 361 reduced and 84 closed positions. Its largest new stake was American Tower: 1,761,637 shares worth $455M. The largest sale was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, an estimated $1.55B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q2 2020 buy was American Tower: 1,761,637 shares worth $455M.
- Ken Fisher added most to NextEra Energy in Q2 2020, an estimated $703M increase.
- Ken Fisher's biggest Q2 2020 reduction was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, cutting an estimated $1.55B.
- Ken Fisher fully exited Weibo in Q2 2020, selling an estimated $116M.
- Ken Fisher's ten largest holdings make up 32% of its $102B portfolio in Q2 2020.
- Ken Fisher opened 120 new positions and closed 84 in Q2 2020.
- Ken Fisher's portfolio value rose 27% quarter-over-quarter to $102B.
Based on Fisher Asset Management's 13F filing for Q2 2020, filed 7 Aug 2020.