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 | |
|---|---|---|---|---|---|---|
626
Fluor
FLR
$7.01B
| $354K | ﹤0.01% |
10,982
-409
| -4% | -$17.6K |
|
|
ATVI
627
DELISTED
Activision Blizzard
ATVI
| $352K | ﹤0.01% |
7,562
-1,287
| -15% | -$77.1K |
|
628
Emerson Electric
EMR
$83.9B
| $351K | ﹤0.01% |
5,878
-4,243
| -42% | -$286K |
|
629
iShares Core S&P Small-Cap ETF
IJR
$109B
| $348K | ﹤0.01% |
5,020
-1,356
| -21% | -$105K |
|
630
First Trust STOXX European Select Dividend Income Fund
FDD
$891M
| $345K | ﹤0.01% |
28,898
+14,751
| +104% | +$184K |
|
631
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $344K | ﹤0.01% |
3,468
+1,393
| +67% | +$138K |
|
632
Hanmi Financial
HAFC
$945M
| $342K | ﹤0.01% |
17,342
| – | – |
|
633
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| $342K | ﹤0.01% |
7,251
-1,138
| -14% | -$55K |
|
634
Kraft Heinz
KHC
$30.7B
| $342K | ﹤0.01% |
7,937
+3,033
| +62% | +$157K |
|
|
DNKN
635
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $341K | ﹤0.01% |
5,315
-880
| -14% | -$62.6K |
|
636
Ameren
AEE
$30.3B
| $335K | ﹤0.01% |
+5,139
| New | +$343K |
|
637
Fidelity MSCI Health Care Index ETF
FHLC
$3.28B
| $334K | ﹤0.01% |
8,086
+3,788
| +88% | +$166K |
|
638
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $334K | ﹤0.01% |
3,203
-105
| -3% | -$10.6K |
|
639
Genuine Parts
GPC
$17.1B
| $331K | ﹤0.01% |
3,445
-1,137
| -25% | -$113K |
|
640
British American Tobacco
BTI
$131B
| $329K | ﹤0.01% |
10,317
+1,166
| +13% | +$45.4K |
|
641
Southern Company
SO
$109B
| $326K | ﹤0.01% |
7,412
-2,170
| -23% | -$98.6K |
|
642
Puma Biotechnology
PBYI
$404M
| $321K | ﹤0.01% |
15,786
| – | – |
|
643
Telkom Indonesia
TLK
$14.5B
| $316K | ﹤0.01% |
12,072
+31
| +0.3% | +$788 |
|
644
Broadcom
AVGO
$1.85T
| $313K | ﹤0.01% |
12,320
-1,600
| -11% | -$37.8K |
|
645
Shopify
SHOP
$152B
| $311K | ﹤0.01% |
22,430
-1,510
| -6% | -$21.3K |
|
|
WBK
646
DELISTED
Westpac Banking Corporation
WBK
| $305K | ﹤0.01% |
17,442
+1,986
| +13% | +$36.9K |
|
647
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $301K | ﹤0.01% |
9,060
-3,860
| -30% | -$141K |
|
648
Banco Macro
BMA
$5.88B
| $294K | ﹤0.01% |
6,657
+25
| +0.4% | +$1.05K |
|
649
Texas Pacific Land
TPL
$27.8B
| $291K | ﹤0.01% |
4,842
-936
| -16% | -$67.5K |
|
|
RTL
650
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $288K | ﹤0.01% |
+21,614
| New | +$297K |
|
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.