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 |
Adobe
ADBE
|
+$312M |
| 2 |
Salesforce
CRM
|
+$299M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$263M |
| 4 |
Netflix
NFLX
|
+$250M |
| 5 |
ConocoPhillips
COP
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$16.4B |
| 2 |
PepsiCo
PEP
|
+$755M |
| 3 |
Procter & Gamble
PG
|
+$520M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$179M |
| 5 |
Televisa
TV
|
+$119M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.39% |
| 2 | Financials | 12.97% |
| 3 | Healthcare | 11.55% |
| 4 | Consumer Discretionary | 8.66% |
| 5 | Energy | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COWN
476
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.92M | ﹤0.01% |
132,505
-11,030
| -8% | -$169K |
|
|
REP
477
DELISTED
REPSOL YPF SA ADS(RP 1 CAP SH)
REP
| $1.89M | ﹤0.01% |
110,266
+29,379
| +36% | +$503K |
|
478
Central Pacific Financial
CPF
$1.01B
| $1.89M | ﹤0.01% |
65,364
-29
| -0% | -$814 |
|
479
Ring Energy
REI
$325M
| $1.82M | ﹤0.01% |
310,561
+172,293
| +125% | +$1.02M |
|
|
SNV
480
DELISTED
Synovus
SNV
| $1.82M | ﹤0.01% |
+52,924
| New | +$1.94M |
|
481
Columbia Banking Systems
COLB
$8.78B
| $1.79M | ﹤0.01% |
54,779
-4,630
| -8% | -$168K |
|
482
AMERISAFE
AMSF
$551M
| $1.77M | ﹤0.01% |
29,822
-3,165
| -10% | -$188K |
|
483
Union Pacific
UNP
$175B
| $1.77M | ﹤0.01% |
10,585
-1,244
| -11% | -$200K |
|
484
McDonald's
MCD
$196B
| $1.76M | ﹤0.01% |
9,290
-1,669
| -15% | -$303K |
|
|
LMNX
485
DELISTED
Luminex Corp
LMNX
| $1.75M | ﹤0.01% |
76,055
-6,660
| -8% | -$167K |
|
486
Vipshop
VIPS
$7.4B
| $1.73M | ﹤0.01% |
215,721
| – | – |
|
487
Banner Corp
BANR
$2.4B
| $1.72M | ﹤0.01% |
31,794
+6
| +0% | +$341 |
|
488
CVB Financial
CVBF
$4B
| $1.72M | ﹤0.01% |
81,685
| – | – |
|
|
NE
489
DELISTED
Noble Corporation
NE
| $1.71M | ﹤0.01% |
594,580
-268,437
| -31% | -$836K |
|
490
Booking.com
BKNG
$156B
| $1.65M | ﹤0.01% |
23,700
-11,575
| -33% | -$826K |
|
491
Heron Therapeutics
HRTX
$94.5M
| $1.64M | ﹤0.01% |
67,243
| – | – |
|
492
First Merchants
FRME
$2.69B
| $1.64M | ﹤0.01% |
44,451
-4,685
| -10% | -$179K |
|
493
CF Industries
CF
$17.9B
| $1.63M | ﹤0.01% |
39,751
-7,890
| -17% | -$335K |
|
494
Lantheus
LNTH
$6.6B
| $1.62M | ﹤0.01% |
66,274
| – | – |
|
495
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
| $1.61M | ﹤0.01% |
62,676
-6,592
| -10% | -$170K |
|
496
Kroger
KR
$35.1B
| $1.58M | ﹤0.01% |
64,162
-86,667
| -57% | -$2.37M |
|
497
Expeditors International
EXPD
$23.2B
| $1.55M | ﹤0.01% |
20,408
+24
| +0.1% | +$1.73K |
|
498
UnitedHealth
UNH
$367B
| $1.53M | ﹤0.01% |
6,187
+890
| +17% | +$227K |
|
499
Berkshire Hathaway Class A
BRK.A
$1.13T
| $1.51M | ﹤0.01% |
5
| – | – |
|
|
CLVS
500
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.48M | ﹤0.01% |
59,551
+120
| +0.2% | +$3.01K |
|
Similar funds
Ken Fisher's Q1 2019 Portfolio in Review
As of Q1 2019, Ken Fisher held 944 positions worth $85.3B, up 17% from $73.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher withdrew a net $15B in Q1 2019, closing 82 positions and reducing 367 holdings. Its most notable exit was Televisa, an estimated $119M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Ken Fisher opened a new position in Hess worth $123M.
- Ken Fisher's largest Q1 2019 buy was Hess: 2,044,909 shares worth $123M.
- Ken Fisher added most to Adobe in Q1 2019, an estimated $312M increase.
- Ken Fisher's biggest Q1 2019 reduction was TotalEnergies, cutting an estimated $16.4B.
- Ken Fisher fully exited Televisa in Q1 2019, selling an estimated $119M.
- Ken Fisher's ten largest holdings make up 26% of its $85.3B portfolio in Q1 2019.
- Ken Fisher opened 78 new positions and closed 82 in Q1 2019.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $85.3B.
Based on Fisher Asset Management's 13F filing for Q1 2019, filed 22 Apr 2019.