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 | |
|---|---|---|---|---|---|---|
551
CSX Corp
CSX
$93.4B
| $797K | ﹤0.01% |
38,499
+600
| +2% | +$13.8K |
|
552
Netflix
NFLX
$299B
| $774K | ﹤0.01% |
28,920
-1,330
| -4% | -$39.8K |
|
|
K
553
DELISTED
Kellanova
K
| $772K | ﹤0.01% |
14,415
-44,006
| -75% | -$2.66M |
|
554
iShares MSCI EAFE ETF
EFA
$78B
| $751K | ﹤0.01% |
12,778
+2,850
| +29% | +$178K |
|
555
iShares Biotechnology ETF
IBB
$9.34B
| $739K | ﹤0.01% |
7,659
+5,772
| +306% | +$613K |
|
|
MCHB
556
Mechanics Bancorp
MCHB
$3.72B
| $737K | ﹤0.01% |
34,700
| – | – |
|
557
Globant
GLOB
$1.58B
| $733K | ﹤0.01% |
13,015
+7
| +0.1% | +$375 |
|
558
iShares Russell 1000 Growth ETF
IWF
$121B
| $731K | ﹤0.01% |
22,340
+2,124
| +11% | +$74.9K |
|
|
EGRX
559
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $722K | ﹤0.01% |
17,925
| – | – |
|
560
Banc of California
BANC
$3.03B
| $720K | ﹤0.01% |
54,073
| – | – |
|
561
Ring Energy
REI
$315M
| $702K | ﹤0.01% |
138,268
+2,268
| +2% | +$16.1K |
|
562
Intuitive Surgical
ISRG
$127B
| $690K | ﹤0.01% |
4,320
+657
| +18% | +$111K |
|
563
Mercado Libre
MELI
$95.2B
| $678K | ﹤0.01% |
2,315
-30
| -1% | -$9.72K |
|
564
Chubb
CB
$135B
| $675K | ﹤0.01% |
+5,228
| New | +$676K |
|
|
HOLX
565
DELISTED
Hologic
HOLX
| $674K | ﹤0.01% |
16,400
-122
| -0.7% | -$5K |
|
|
IMGN
566
DELISTED
Immunogen Inc
IMGN
| $663K | ﹤0.01% |
138,217
+1,268
| +0.9% | +$7.69K |
|
567
Cannae Holdings
CNNE
$639M
| $657K | ﹤0.01% |
38,364
-2,029
| -5% | -$36.5K |
|
568
Mondelez International
MDLZ
$79.5B
| $654K | ﹤0.01% |
16,334
+5,438
| +50% | +$232K |
|
569
iShares TIPS Bond ETF
TIP
$14.5B
| $652K | ﹤0.01% |
5,955
-1,506
| -20% | -$164K |
|
570
Oil States International
OIS
$489M
| $650K | ﹤0.01% |
45,501
| – | – |
|
571
iShares California Muni Bond ETF
CMF
$4.55B
| $639K | ﹤0.01% |
10,930
+1,729
| +19% | +$99.6K |
|
572
Starbucks
SBUX
$120B
| $637K | ﹤0.01% |
9,892
-399
| -4% | -$25K |
|
573
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.4B
| $630K | ﹤0.01% |
24,250
+1,000
| +4% | +$28.3K |
|
574
Suncor Energy
SU
$79.4B
| $620K | ﹤0.01% |
+22,167
| New | +$737K |
|
575
Wynn Resorts
WYNN
$10.3B
| $618K | ﹤0.01% |
6,250
| – | – |
|
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.