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 | |
|---|---|---|---|---|---|---|
|
MCHB
626
Mechanics Bancorp
MCHB
$3.72B
| $498K | ﹤0.01% |
14,754
-3,173
| -18% | -$102K |
|
627
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.2B
| $496K | ﹤0.01% |
6,796
+2,604
| +62% | +$178K |
|
628
Becton Dickinson
BDX
$48.8B
| $495K | ﹤0.01% |
2,026
+1,008
| +99% | +$235K |
|
629
Schwab US REIT ETF
SCHH
$11.4B
| $489K | ﹤0.01% |
+25,746
| New | +$476K |
|
630
W.P. Carey
WPC
$16.4B
| $488K | ﹤0.01% |
7,065
-2,660
| -27% | -$178K |
|
631
British American Tobacco
BTI
$127B
| $486K | ﹤0.01% |
12,964
+597
| +5% | +$21.4K |
|
632
Smith & Nephew
SNN
$12.5B
| $477K | ﹤0.01% |
11,308
-1,758
| -13% | -$69.6K |
|
633
Citigroup
C
$224B
| $470K | ﹤0.01% |
7,626
-2,141
| -22% | -$109K |
|
|
ALXN
634
DELISTED
Alexion Pharmaceuticals
ALXN
| $469K | ﹤0.01% |
3,001
-20,273
| -87% | -$2.61M |
|
635
Waste Management
WM
$91.5B
| $460K | ﹤0.01% |
3,900
-820
| -17% | -$95.6K |
|
636
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
| $457K | ﹤0.01% |
+2,350
| New | +$415K |
|
|
FIYY
637
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $454K | ﹤0.01% |
4,396
-22,237
| -83% | -$2.06M |
|
638
Delta Air Lines
DAL
$60.5B
| $452K | ﹤0.01% |
11,249
+3,311
| +42% | +$120K |
|
639
Nuveen ESG High Yield Corporate Bond ETF
NUHY
$111M
| $451K | ﹤0.01% |
18,031
| – | – |
|
640
Brookfield
BN
$108B
| $449K | ﹤0.01% |
20,350
+2,751
| +16% | +$55.1K |
|
641
APA Corp
APA
$12.9B
| $448K | ﹤0.01% |
31,575
-3,501
| -10% | -$40.8K |
|
642
DuPont de Nemours
DD
$19.5B
| $448K | ﹤0.01% |
5,022
+676
| +16% | +$53.1K |
|
643
eBay
EBAY
$48.9B
| $448K | ﹤0.01% |
8,920
+3,241
| +57% | +$165K |
|
644
Marathon Petroleum
MPC
$84B
| $445K | ﹤0.01% |
10,747
+518
| +5% | +$18.6K |
|
645
Chubb
CB
$137B
| $441K | ﹤0.01% |
2,866
-1,215
| -30% | -$170K |
|
646
Vanguard Dividend Appreciation ETF
VIG
$114B
| $437K | ﹤0.01% |
3,095
+1,143
| +59% | +$155K |
|
647
Annaly Capital Management
NLY
$17.1B
| $433K | ﹤0.01% |
12,809
+4,729
| +59% | +$146K |
|
648
Vanguard Morningstar Large-Cap ETF
VV
$54B
| $423K | ﹤0.01% |
+2,409
| New | +$400K |
|
649
Exelon
EXC
$46.7B
| $421K | ﹤0.01% |
+13,965
| New | +$412K |
|
650
Colgate-Palmolive
CL
$74.1B
| $420K | ﹤0.01% |
4,909
+517
| +12% | +$42.8K |
|
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.