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 | |
|---|---|---|---|---|---|---|
576
Affiliated Managers Group
AMG
$9.8B
| $683K | ﹤0.01% |
6,716
-213
| -3% | -$18.4K |
|
577
State Street SPDR S&P Metals & Mining ETF
XME
$4.4B
| $679K | ﹤0.01% |
20,314
-1,171
| -5% | -$33.2K |
|
578
Banner Corp
BANR
$2.41B
| $674K | ﹤0.01% |
14,457
-2,421
| -14% | -$99.9K |
|
579
Duke Energy
DUK
$97.5B
| $674K | ﹤0.01% |
7,363
-1,636
| -18% | -$151K |
|
580
Schwab US Dividend Equity ETF
SCHD
$105B
| $669K | ﹤0.01% |
31,302
-4,044
| -11% | -$82K |
|
|
ATVI
581
DELISTED
Activision Blizzard
ATVI
| $665K | ﹤0.01% |
7,160
-167
| -2% | -$13.6K |
|
|
K
582
DELISTED
Kellanova
K
| $658K | ﹤0.01% |
11,255
-571
| -5% | -$34.3K |
|
583
CF Industries
CF
$17.4B
| $656K | ﹤0.01% |
16,954
+105
| +0.6% | +$3.46K |
|
584
UBS Group
UBS
$176B
| $653K | ﹤0.01% |
46,191
-16,537
| -26% | -$219K |
|
585
Texas Pacific Land
TPL
$24.1B
| $646K | ﹤0.01% |
8,001
+2,250
| +39% | +$143K |
|
586
Phillips 66
PSX
$81.3B
| $644K | ﹤0.01% |
9,207
+2,838
| +45% | +$167K |
|
587
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $640K | ﹤0.01% |
6,518
+346
| +6% | +$33.2K |
|
588
Cencora
COR
$61.5B
| $636K | ﹤0.01% |
6,502
+57
| +0.9% | +$5.7K |
|
|
NSTG
589
DELISTED
NanoString Technologies, Inc.
NSTG
| $635K | ﹤0.01% |
9,497
-2,812
| -23% | -$141K |
|
590
Lantheus
LNTH
$6.6B
| $632K | ﹤0.01% |
46,829
-8,394
| -15% | -$110K |
|
591
Bruker
BRKR
$8.06B
| $612K | ﹤0.01% |
11,301
+172
| +2% | +$8.25K |
|
592
Travere Therapeutics
TVTX
$5.77B
| $602K | ﹤0.01% |
22,070
-4,247
| -16% | -$99.2K |
|
593
Casella Waste Systems
CWST
$5.62B
| $600K | ﹤0.01% |
9,678
-1,877
| -16% | -$111K |
|
594
Amphenol
APH
$208B
| $598K | ﹤0.01% |
18,292
+1,080
| +6% | +$33.2K |
|
595
Central Pacific Financial
CPF
$1.01B
| $593K | ﹤0.01% |
31,213
-6,372
| -17% | -$104K |
|
596
Baidu
BIDU
$37.2B
| $588K | ﹤0.01% |
2,717
-1,267
| -32% | -$188K |
|
597
Wabtec
WAB
$49.6B
| $582K | ﹤0.01% |
7,951
-117
| -1% | -$8K |
|
598
Canadian National Railway
CNI
$76.7B
| $577K | ﹤0.01% |
5,248
+178
| +4% | +$19.2K |
|
599
Eagle Bancorp
EGBN
$845M
| $577K | ﹤0.01% |
13,982
| – | – |
|
600
Globe Life
GL
$14.3B
| $576K | ﹤0.01% |
6,065
-269
| -4% | -$24K |
|
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.