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 | |
|---|---|---|---|---|---|---|
476
iShares S&P 100 ETF
OEF
$20.6B
| $1.72M | ﹤0.01% |
10,032
+2,666
| +36% | +$435K |
|
|
SFBS
477
ServisFirst Bancshares
SFBS
$4.86B
| $1.67M | ﹤0.01% |
41,487
-8,554
| -17% | -$332K |
|
478
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $1.67M | ﹤0.01% |
27,849
+12,453
| +81% | +$710K |
|
479
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $1.65M | ﹤0.01% |
32,926
-398,318
| -92% | -$18.7M |
|
480
M/I Homes
MHO
$3.84B
| $1.65M | ﹤0.01% |
37,214
-9,904
| -21% | -$447K |
|
481
Vanguard Total Bond Market
BND
$158B
| $1.64M | ﹤0.01% |
18,552
+13,772
| +288% | +$1.21M |
|
482
Clorox
CLX
$12.7B
| $1.64M | ﹤0.01% |
8,095
-320
| -4% | -$66.2K |
|
483
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| $1.63M | ﹤0.01% |
55,363
+126
| +0.2% | +$3.37K |
|
|
ANSS
484
DELISTED
Ansys
ANSS
| $1.63M | ﹤0.01% |
4,482
-677
| -13% | -$227K |
|
485
Tyson Foods
TSN
$20.4B
| $1.54M | ﹤0.01% |
23,918
-51
| -0.2% | -$3.17K |
|
486
Advanced Drainage Systems
WMS
$10.9B
| $1.54M | ﹤0.01% |
+18,398
| New | +$1.3M |
|
487
Trane Technologies
TT
$106B
| $1.53M | ﹤0.01% |
10,516
-1,104
| -10% | -$152K |
|
488
Factset
FDS
$10.2B
| $1.49M | ﹤0.01% |
4,484
+741
| +20% | +$245K |
|
489
Pacific Biosciences
PACB
$370M
| $1.49M | ﹤0.01% |
57,374
-21,177
| -27% | -$360K |
|
|
QTS
490
DELISTED
QTS REALTY TRUST, INC.
QTS
| $1.49M | ﹤0.01% |
24,043
+2,278
| +10% | +$143K |
|
491
Zai Lab
ZLAB
$2.62B
| $1.49M | ﹤0.01% |
10,981
| – | – |
|
|
ICPT
492
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $1.48M | ﹤0.01% |
59,970
-2,873
| -5% | -$95.2K |
|
493
Pentair
PNR
$11B
| $1.48M | ﹤0.01% |
+27,866
| New | +$1.43M |
|
494
Lockheed Martin
LMT
$136B
| $1.47M | ﹤0.01% |
4,152
+320
| +8% | +$118K |
|
495
iQIYI
IQ
$1.28B
| $1.47M | ﹤0.01% |
84,043
+49,579
| +144% | +$1.12M |
|
496
iShares Core S&P 500 ETF
IVV
$902B
| $1.46M | ﹤0.01% |
3,886
+1,160
| +43% | +$413K |
|
497
Comfort Systems
FIX
$59.6B
| $1.42M | ﹤0.01% |
26,992
-8,257
| -23% | -$428K |
|
498
EPAM Systems
EPAM
$5.03B
| $1.41M | ﹤0.01% |
3,945
+611
| +18% | +$204K |
|
499
Alkermes
ALKS
$8.25B
| $1.4M | ﹤0.01% |
70,286
+45
| +0.1% | +$824 |
|
500
Zimmer Biomet
ZBH
$18.4B
| $1.37M | ﹤0.01% |
9,135
-1,034
| -10% | -$146K |
|
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.