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 |
Cisco
CSCO
|
+$331M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$324M |
| 3 |
Salesforce
CRM
|
+$301M |
| 4 |
Adobe
ADBE
|
+$294M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$216M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$422M |
| 2 |
Lloyds Banking Group
LYG
|
+$252M |
| 3 |
Barclays
BCS
|
+$135M |
| 4 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$72M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 8% |
| 5 | Consumer Staples | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SNP
476
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $1.92M | ﹤0.01% |
27,190
+1,709
| +7% | +$143K |
|
|
COWN
477
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.92M | ﹤0.01% |
143,535
| – | – |
|
|
LMNX
478
DELISTED
Luminex Corp
LMNX
| $1.91M | ﹤0.01% |
82,715
+15,762
| +24% | +$425K |
|
479
Petrobras Class A
PBR.A
$105B
| $1.9M | ﹤0.01% |
164,256
+54
| +0% | +$705 |
|
|
RDS.B
480
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $1.9M | ﹤0.01% |
31,750
+18,520
| +140% | +$1.18M |
|
481
iShares US Financial Services ETF
IYG
$2.22B
| $1.88M | ﹤0.01% |
+50,349
| New | +$2.08M |
|
482
AMERISAFE
AMSF
$558M
| $1.87M | ﹤0.01% |
32,987
+2,652
| +9% | +$165K |
|
483
iShares MSCI Switzerland ETF
EWL
$2.22B
| $1.84M | ﹤0.01% |
58,386
+19,208
| +49% | +$628K |
|
|
NBIS
484
Nebius Group N.V.
NBIS
$55.6B
| $1.83M | ﹤0.01% |
+67,081
| New | +$1.97M |
|
|
PTLA
485
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $1.83M | ﹤0.01% |
93,692
| – | – |
|
486
MYR Group
MYRG
$5.2B
| $1.81M | ﹤0.01% |
64,111
| – | – |
|
487
Zillow
Z
$8.26B
| $1.8M | ﹤0.01% |
57,112
+1,012
| +2% | +$35.9K |
|
488
Resources Connection
RGP
$153M
| $1.78M | ﹤0.01% |
125,295
| – | – |
|
489
M/I Homes
MHO
$3.81B
| $1.76M | ﹤0.01% |
83,777
+7,722
| +10% | +$178K |
|
490
Heron Therapeutics
HRTX
$95.5M
| $1.74M | ﹤0.01% |
67,243
| – | – |
|
491
Banner Corp
BANR
$2.4B
| $1.7M | ﹤0.01% |
31,788
-266
| -0.8% | -$15.4K |
|
492
First Merchants
FRME
$2.72B
| $1.68M | ﹤0.01% |
49,136
+42
| +0.1% | +$1.71K |
|
493
CVB Financial
CVBF
$4.03B
| $1.65M | ﹤0.01% |
81,685
| – | – |
|
494
State Street Financial Select Sector SPDR ETF
XLF
$58.6B
| $1.65M | ﹤0.01% |
69,268
+47,375
| +216% | +$1.23M |
|
495
Union Pacific
UNP
$176B
| $1.64M | ﹤0.01% |
11,829
-538
| -4% | -$79.7K |
|
496
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.3B
| $1.63M | ﹤0.01% |
68,215
+51,858
| +317% | +$1.23M |
|
|
WLH
497
DELISTED
WILLIAM LYON HOMES
WLH
| $1.62M | ﹤0.01% |
151,224
+81
| +0.1% | +$1.03K |
|
|
CRZO
498
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $1.61M | ﹤0.01% |
142,974
+58
| +0% | +$1.03K |
|
499
Vanguard Total World Stock ETF
VT
$79.2B
| $1.6M | ﹤0.01% |
24,426
+4,951
| +25% | +$346K |
|
500
Incyte
INCY
$24.3B
| $1.6M | ﹤0.01% |
25,108
+18,925
| +306% | +$1.23M |
|
Similar funds
Ken Fisher's Q4 2018 Portfolio in Review
As of Q4 2018, Ken Fisher held 954 positions worth $73.2B, down 11% from $82.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher deployed $3.18B of net new capital in Q4 2018, opening 84 new positions and adding to 428 existing holdings. Its largest new stake was Weibo: 2,764,345 shares worth $162M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vodafone, an estimated $422M trimmed.
- Ken Fisher's largest Q4 2018 buy was Weibo: 2,764,345 shares worth $162M.
- Ken Fisher added most to Cisco in Q4 2018, an estimated $331M increase.
- Ken Fisher's biggest Q4 2018 reduction was Vodafone, cutting an estimated $422M.
- Ken Fisher fully exited Luxottica Group in Q4 2018, selling an estimated $51M.
- Ken Fisher's ten largest holdings make up 26% of its $73.2B portfolio in Q4 2018.
- Ken Fisher opened 84 new positions and closed 88 in Q4 2018.
- Ken Fisher's portfolio value fell 11% quarter-over-quarter to $73.2B.
Based on Fisher Asset Management's 13F filing for Q4 2018, filed 25 Jan 2019.