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
|
+$274M |
| 2 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$138M |
| 3 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$69.1M |
| 4 |
Lumentum
LITE
|
+$41.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$171M |
| 2 |
Petrobras
PBR
|
+$64.7M |
| 3 |
Vale
VALE
|
+$62.7M |
| 4 |
WMGI
Wright Medical Group Inc
WMGI
|
+$61.9M |
| 5 |
HDFC Bank
HDB
|
+$57.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Financials | 13.08% |
| 3 | Healthcare | 10.74% |
| 4 | Consumer Discretionary | 8.75% |
| 5 | Energy | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$637M
| $592K | ﹤0.01% |
+41,263
| New | +$587K |
|
577
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.95B
| $591K | ﹤0.01% |
22,642
-2,408
| -10% | -$63.1K |
|
578
Accenture
ACN
$102B
| $586K | ﹤0.01% |
2,781
+620
| +29% | +$121K |
|
579
Patterson-UTI
PTEN
$3.98B
| $562K | ﹤0.01% |
53,485
-757,362
| -93% | -$6.85M |
|
580
Stryker
SYK
$125B
| $560K | ﹤0.01% |
2,666
-73
| -3% | -$15.2K |
|
581
Thermo Fisher Scientific
TMO
$213B
| $553K | ﹤0.01% |
1,702
+123
| +8% | +$37.3K |
|
|
CLDT
582
Chatham Lodging
CLDT
$622M
| $549K | ﹤0.01% |
29,918
| – | – |
|
583
Duke Energy
DUK
$97.8B
| $547K | ﹤0.01% |
5,999
+914
| +18% | +$83.8K |
|
584
Factset
FDS
$9.36B
| $540K | ﹤0.01% |
2,011
-16
| -0.8% | -$4.11K |
|
|
ACC
585
DELISTED
American Campus Communities, Inc.
ACC
| $537K | ﹤0.01% |
11,419
-1,367
| -11% | -$65.4K |
|
|
PGNX
586
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $535K | ﹤0.01% |
105,125
| – | – |
|
587
Suncor Energy
SU
$79.4B
| $526K | ﹤0.01% |
16,037
-17,602
| -52% | -$549K |
|
588
Amphenol
APH
$198B
| $525K | ﹤0.01% |
19,408
-124
| -0.6% | -$3.17K |
|
589
Renasant Corp
RNST
$3.98B
| $521K | ﹤0.01% |
14,718
| – | – |
|
590
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $510K | ﹤0.01% |
10,989
+44
| +0.4% | +$2.03K |
|
591
Vanguard Total Bond Market
BND
$157B
| $502K | ﹤0.01% |
5,984
+2,573
| +75% | +$216K |
|
592
Delta Air Lines
DAL
$57.5B
| $501K | ﹤0.01% |
8,560
+3,720
| +77% | +$209K |
|
593
EPAM Systems
EPAM
$5.51B
| $500K | ﹤0.01% |
2,357
-31
| -1% | -$6.1K |
|
594
RPC Inc
RES
$1.24B
| $499K | ﹤0.01% |
95,278
-796,205
| -89% | -$3.57M |
|
595
VeriSign
VRSN
$26.2B
| $496K | ﹤0.01% |
2,575
+24
| +0.9% | +$4.51K |
|
596
Acadia Healthcare
ACHC
$2.76B
| $494K | ﹤0.01% |
14,880
-133,323
| -90% | -$4.18M |
|
597
Alcoa
AA
$11.9B
| $487K | ﹤0.01% |
22,623
-124,385
| -85% | -$2.57M |
|
598
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$40.2B
| $486K | ﹤0.01% |
+15,500
| New | +$472K |
|
599
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $484K | ﹤0.01% |
8,341
-1,050
| -11% | -$60.8K |
|
600
Vanguard High Dividend Yield ETF
VYM
$80.9B
| $479K | ﹤0.01% |
5,111
+2,701
| +112% | +$245K |
|
Similar funds
Ken Fisher's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Fisher held 981 positions worth $99B, up 8.6% from $91.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q4 2019 filing shows 78 new, 256 increased, 457 reduced and 83 closed positions. Its largest new stake was Enterprise Products Partners: 584,777 shares worth $16.5M. The largest sale was TSMC, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2019 buy was Enterprise Products Partners: 584,777 shares worth $16.5M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2019, an estimated $274M increase.
- Ken Fisher's biggest Q4 2019 reduction was TSMC, cutting an estimated $171M.
- Ken Fisher fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $61.9M.
- Ken Fisher's ten largest holdings make up 28% of its $99B portfolio in Q4 2019.
- Ken Fisher opened 78 new positions and closed 83 in Q4 2019.
- Ken Fisher's portfolio value rose 8.6% quarter-over-quarter to $99B.
Based on Fisher Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.