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 | |
|---|---|---|---|---|---|---|
526
Schwab US Large- Cap ETF
SCHX
$74.4B
| $989K | ﹤0.01% |
+65,214
| New | +$933K |
|
527
Automatic Data Processing
ADP
$108B
| $980K | ﹤0.01% |
5,562
+2,836
| +104% | +$466K |
|
528
Columbia Banking Systems
COLB
$8.84B
| $974K | ﹤0.01% |
27,131
-3,372
| -11% | -$105K |
|
529
Eversource Energy
ES
$27.4B
| $962K | ﹤0.01% |
11,116
+2,259
| +26% | +$201K |
|
|
JNPR
530
DELISTED
Juniper Networks
JNPR
| $956K | ﹤0.01% |
42,481
-8,175
| -16% | -$178K |
|
531
iShares Global Financials ETF
IXG
$685M
| $952K | ﹤0.01% |
14,626
| – | – |
|
532
Lennar Class B
LEN.B
$20.9B
| $951K | ﹤0.01% |
16,353
-2,640
| -14% | -$156K |
|
533
Ford
F
$56B
| $934K | ﹤0.01% |
106,218
+22,353
| +27% | +$187K |
|
534
Vericel Corp
VCEL
$2.32B
| $933K | ﹤0.01% |
30,212
-114
| -0.4% | -$2.71K |
|
535
Ingersoll Rand
IR
$34.2B
| $919K | ﹤0.01% |
20,162
-764
| -4% | -$31.6K |
|
536
Ironwood Pharmaceuticals
IRWD
$708M
| $913K | ﹤0.01% |
80,189
+16,657
| +26% | +$182K |
|
537
AMERISAFE
AMSF
$540M
| $878K | ﹤0.01% |
15,293
-1,790
| -10% | -$104K |
|
538
Air Products & Chemicals
APD
$67.5B
| $878K | ﹤0.01% |
3,215
+1,960
| +156% | +$552K |
|
539
Open Text
OTEX
$5.96B
| $876K | ﹤0.01% |
19,267
-1,133
| -6% | -$48.4K |
|
540
Labcorp
LH
$25.8B
| $869K | ﹤0.01% |
4,970
+167
| +3% | +$28.8K |
|
541
Warner Bros
WBD
$66.9B
| $866K | ﹤0.01% |
28,787
-22,163
| -43% | -$543K |
|
542
Kroger
KR
$34.7B
| $862K | ﹤0.01% |
27,153
-4,785
| -15% | -$155K |
|
543
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $855K | ﹤0.01% |
15,498
-669
| -4% | -$36.8K |
|
544
State Street SPDR S&P Capital Markets ETF
KCE
$468M
| $838K | ﹤0.01% |
+11,131
| New | +$753K |
|
545
Quanex
NX
$994M
| $837K | ﹤0.01% |
37,759
-10,229
| -21% | -$211K |
|
546
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $824K | ﹤0.01% |
+15,932
| New | +$771K |
|
547
Novavax
NVAX
$1.31B
| $819K | ﹤0.01% |
7,347
+150
| +2% | +$15.9K |
|
548
iShares California Muni Bond ETF
CMF
$4.62B
| $805K | ﹤0.01% |
12,815
-2,172
| -14% | -$136K |
|
549
Target
TGT
$67.5B
| $805K | ﹤0.01% |
4,562
+749
| +20% | +$125K |
|
|
LMNX
550
DELISTED
Luminex Corp
LMNX
| $802K | ﹤0.01% |
34,671
-6,320
| -15% | -$147K |
|
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.