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 Global Energy ETF
IXC
|
+$385M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$360M |
| 3 |
iShares MSCI Europe Financials ETF
EUFN
|
+$250M |
| 4 |
Apple
AAPL
|
+$158M |
| 5 |
Amazon
AMZN
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$170M |
| 2 |
TSMC
TSM
|
+$151M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$129M |
| 4 |
CLGX
Corelogic, Inc.
CLGX
|
+$99.1M |
| 5 |
ING
ING
|
+$95.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.41% |
| 2 | Consumer Discretionary | 13.75% |
| 3 | Financials | 11.06% |
| 4 | Healthcare | 10.73% |
| 5 | Communication Services | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sanofi
SNY
$103B
| $934M | 0.82% |
18,624,240
+468,585
| +3% | +$24.1M |
|
27
Caterpillar
CAT
$408B
| $894M | 0.78% |
5,993,299
+193,890
| +3% | +$27.2M |
|
28
iShares MBS ETF
MBB
$39B
| $889M | 0.78% |
8,053,858
+452,315
| +6% | +$50M |
|
|
SI
29
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $870M | 0.76% |
13,748,525
+353,417
| +3% | +$22.4M |
|
30
NextEra Energy
NEE
$179B
| $869M | 0.76% |
12,518,176
+765,220
| +7% | +$52.8M |
|
31
Nike
NKE
$62.1B
| $840M | 0.74% |
6,693,788
+238,209
| +4% | +$25.6M |
|
32
Cisco
CSCO
$474B
| $826M | 0.72% |
20,969,760
+528,568
| +3% | +$23M |
|
33
Intuitive Surgical
ISRG
$130B
| $826M | 0.72% |
3,490,473
+108,447
| +3% | +$24.4M |
|
34
Union Pacific
UNP
$173B
| $816M | 0.71% |
4,146,365
+117,498
| +3% | +$21.8M |
|
35
Oracle
ORCL
$417B
| $800M | 0.7% |
13,393,444
+333,009
| +3% | +$18.9M |
|
36
Novartis
NVS
$294B
| $788M | 0.69% |
9,064,280
+236,451
| +3% | +$20.5M |
|
37
Abbott
ABT
$182B
| $779M | 0.68% |
7,156,120
+251,776
| +4% | +$25.5M |
|
38
Merck
MRK
$320B
| $770M | 0.67% |
9,723,632
+183,816
| +2% | +$14.4M |
|
39
UnitedHealth
UNH
$372B
| $769M | 0.67% |
2,467,820
+120,750
| +5% | +$37.1M |
|
40
3M
MMM
$91.4B
| $751M | 0.66% |
5,607,511
+310,152
| +6% | +$41.7M |
|
41
Advanced Micro Devices
AMD
$841B
| $720M | 0.63% |
8,785,236
+287,026
| +3% | +$21.3M |
|
42
Thermo Fisher Scientific
TMO
$210B
| $713M | 0.62% |
1,614,952
+85,254
| +6% | +$35.2M |
|
43
Rio Tinto
RIO
$161B
| $712M | 0.62% |
11,793,923
+266,443
| +2% | +$16.3M |
|
44
Eli Lilly
LLY
$1.01T
| $692M | 0.61% |
4,678,311
+179,334
| +4% | +$27.8M |
|
45
Freeport-McMoran
FCX
$96B
| $633M | 0.55% |
40,453,839
+866,116
| +2% | +$12.5M |
|
46
Danaher
DHR
$137B
| $630M | 0.55% |
3,298,258
+138,345
| +4% | +$24.6M |
|
47
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| $619M | 0.54% |
19,728,806
+234,168
| +1% | +$7.35M |
|
48
GSK
GSK
$103B
| $611M | 0.53% |
12,980,974
+278,436
| +2% | +$14M |
|
49
JPMorgan Chase
JPM
$955B
| $597M | 0.52% |
6,197,485
-135,393
| -2% | -$13.3M |
|
50
JD.com
JD
$44.2B
| $588M | 0.51% |
7,571,192
-172,666
| -2% | -$12M |
|
Similar funds
Ken Fisher's Q3 2020 Portfolio in Review
As of Q3 2020, Ken Fisher held 1,002 positions worth $114B, up 12% from $102B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher's Q3 2020 filing shows 100 new, 334 increased, 405 reduced and 62 closed positions. Its largest new stake was Sally Beauty Holdings: 2,219,976 shares worth $19.3M. The largest sale was TotalEnergies, an estimated $170M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q3 2020 buy was Sally Beauty Holdings: 2,219,976 shares worth $19.3M.
- Ken Fisher added most to iShares Global Energy ETF in Q3 2020, an estimated $385M increase.
- Ken Fisher's biggest Q3 2020 reduction was TotalEnergies, cutting an estimated $170M.
- Ken Fisher fully exited Corelogic, Inc. in Q3 2020, selling an estimated $99.1M.
- Ken Fisher's ten largest holdings make up 34% of its $114B portfolio in Q3 2020.
- Ken Fisher opened 100 new positions and closed 62 in Q3 2020.
- Ken Fisher's portfolio value rose 12% quarter-over-quarter to $114B.
Based on Fisher Asset Management's 13F filing for Q3 2020, filed 10 Nov 2020.