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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
iShares MSCI China ETF
MCHI
$6.31B
| $454K | ﹤0.01% |
+7,578
| New | +$466K |
|
602
State Street Energy Select Sector SPDR ETF
XLE
$38.5B
| $440K | ﹤0.01% |
11,618
+2,404
| +26% | +$90.1K |
|
603
Thermo Fisher Scientific
TMO
$213B
| $438K | ﹤0.01% |
1,793
+73
| +4% | +$16.8K |
|
604
iShares Core MSCI Emerging Markets ETF
IEMG
$152B
| $434K | ﹤0.01% |
8,389
+2,254
| +37% | +$118K |
|
605
SPDR Gold Trust
GLD
$131B
| $432K | ﹤0.01% |
3,829
+699
| +22% | +$80.2K |
|
606
Hanmi Financial
HAFC
$949M
| $432K | ﹤0.01% |
17,342
-8,163
| -32% | -$215K |
|
607
Vanguard Morningstar Growth ETF
VUG
$225B
| $429K | ﹤0.01% |
+15,996
| New | +$418K |
|
608
British American Tobacco
BTI
$128B
| $427K | ﹤0.01% |
9,151
-1,102
| -11% | -$56K |
|
609
Incyte
INCY
$24B
| $427K | ﹤0.01% |
6,183
-940
| -13% | -$64.5K |
|
610
Vertex Pharmaceuticals
VRTX
$119B
| $424K | ﹤0.01% |
+2,198
| New | +$391K |
|
611
Southern Company
SO
$107B
| $418K | ﹤0.01% |
9,582
+687
| +8% | +$31.7K |
|
612
VeriSign
VRSN
$27B
| $413K | ﹤0.01% |
2,580
-3
| -0.1% | -$460 |
|
613
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.9B
| $412K | ﹤0.01% |
7,026
+2,918
| +71% | +$166K |
|
614
Factset
FDS
$9.59B
| $408K | ﹤0.01% |
1,822
+9
| +0.5% | +$1.95K |
|
615
Consolidated Edison
ED
$39.8B
| $402K | ﹤0.01% |
5,270
+1,281
| +32% | +$101K |
|
616
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.59B
| $399K | ﹤0.01% |
8,472
+2,110
| +33% | +$98.8K |
|
617
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $397K | ﹤0.01% |
+16,357
| New | +$397K |
|
618
Shopify
SHOP
$152B
| $394K | ﹤0.01% |
23,940
-1,020
| -4% | -$15.5K |
|
619
Galicia Financial Group
GGAL
$8.11B
| $386K | ﹤0.01% |
15,175
-46
| -0.3% | -$1.39K |
|
620
Paychex
PAYX
$41.9B
| $376K | ﹤0.01% |
+5,112
| New | +$367K |
|
|
NSA
621
DELISTED
National Storage Affiliates Trust
NSA
| $375K | ﹤0.01% |
14,730
-3,180
| -18% | -$90.6K |
|
622
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.74B
| $362K | ﹤0.01% |
13,106
-418
| -3% | -$11.5K |
|
623
Automatic Data Processing
ADP
$107B
| $359K | ﹤0.01% |
2,385
-184
| -7% | -$26K |
|
624
FedEx
FDX
$73.2B
| $353K | ﹤0.01% |
1,465
+116
| +9% | +$28.1K |
|
625
TJX Companies
TJX
$174B
| $350K | ﹤0.01% |
+6,254
| New | +$321K |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.