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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SAP
SAP
$219B
| $1.09B | 0.81% |
8,329,392
+206,969
| +3% | +$26.7M |
|
27
NextEra Energy
NEE
$181B
| $1.01B | 0.75% |
13,046,651
+528,475
| +4% | +$39.5M |
|
|
SI
28
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $1B | 0.75% |
13,940,464
+191,939
| +1% | +$13.8M |
|
29
Intuitive Surgical
ISRG
$135B
| $1B | 0.75% |
3,670,227
+179,754
| +5% | +$44.6M |
|
30
Nike
NKE
$63.3B
| $992M | 0.74% |
7,013,054
+319,266
| +5% | +$42.3M |
|
31
iShares MBS ETF
MBB
$38.8B
| $953M | 0.71% |
8,651,922
+598,064
| +7% | +$65.9M |
|
32
Cisco
CSCO
$457B
| $939M | 0.7% |
20,980,164
+10,404
| +0% | +$428K |
|
33
Rio Tinto
RIO
$156B
| $915M | 0.69% |
12,165,772
+371,849
| +3% | +$24.4M |
|
34
UnitedHealth
UNH
$377B
| $906M | 0.68% |
2,582,539
+114,719
| +5% | +$38.5M |
|
35
Oracle
ORCL
$409B
| $901M | 0.68% |
13,934,166
+540,722
| +4% | +$32.2M |
|
|
36
TotalEnergies
TTE
$194B
| $899M | 0.67% |
21,453,178
+5,290,178
| +33% | +$204M |
|
37
Union Pacific
UNP
$173B
| $894M | 0.67% |
4,293,051
+146,686
| +4% | +$29.3M |
|
38
AstraZeneca
AZN
$245B
| $892M | 0.67% |
8,925,387
+254,047
| +3% | +$26.9M |
|
|
39
Sanofi
SNY
$103B
| $885M | 0.66% |
18,214,884
-409,356
| -2% | -$20.2M |
|
40
Novartis
NVS
$292B
| $882M | 0.66% |
9,337,800
+273,520
| +3% | +$23.9M |
|
41
3M
MMM
$91.4B
| $856M | 0.64% |
5,859,060
+251,549
| +4% | +$35.7M |
|
42
Eli Lilly
LLY
$1,000B
| $851M | 0.64% |
5,037,790
+359,479
| +8% | +$53.7M |
|
43
Advanced Micro Devices
AMD
$790B
| $842M | 0.63% |
9,183,704
+398,468
| +5% | +$34.4M |
|
44
JPMorgan Chase
JPM
$937B
| $832M | 0.62% |
6,547,696
+350,211
| +6% | +$39.1M |
|
45
Abbott
ABT
$185B
| $820M | 0.61% |
7,486,029
+329,909
| +5% | +$35.9M |
|
46
Thermo Fisher Scientific
TMO
$213B
| $806M | 0.6% |
1,731,305
+116,353
| +7% | +$54.6M |
|
47
Merck
MRK
$316B
| $783M | 0.59% |
10,034,735
+311,103
| +3% | +$23.8M |
|
48
Starbucks
SBUX
$118B
| $769M | 0.58% |
7,191,822
+438,121
| +6% | +$41.8M |
|
49
Pinduoduo
PDD
$128B
| $713M | 0.53% |
4,013,030
-41,950
| -1% | -$5.02M |
|
50
JD.com
JD
$44.6B
| $689M | 0.52% |
7,833,260
+262,068
| +3% | +$21.9M |
|
Similar funds
Ken Fisher's Q4 2020 Portfolio in Review
As of Q4 2020, Ken Fisher held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Ken Fisher's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Ken Fisher's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Ken Fisher fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Ken Fisher's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Ken Fisher opened 123 new positions and closed 53 in Q4 2020.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.