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 | |
|---|---|---|---|---|---|---|
651
BlackRock Enhanced Captial and Income Fund
CII
$1B
| $282K | ﹤0.01% |
+20,000
| New | +$309K |
|
|
RTN
652
DELISTED
Raytheon Company
RTN
| $280K | ﹤0.01% |
1,823
+205
| +13% | +$36.7K |
|
653
Automatic Data Processing
ADP
$108B
| $275K | ﹤0.01% |
2,099
-286
| -12% | -$40.4K |
|
654
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $275K | ﹤0.01% |
+1,639
| New | +$306K |
|
655
Cigna
CI
$73.7B
| $272K | ﹤0.01% |
+1,434
| New | +$299K |
|
656
iShares Russell 1000 Value ETF
IWD
$82.6B
| $271K | ﹤0.01% |
+2,442
| New | +$293K |
|
657
TJX Companies
TJX
$175B
| $270K | ﹤0.01% |
6,041
-213
| -3% | -$10.8K |
|
658
Novavax
NVAX
$1.24B
| $266K | ﹤0.01% |
7,233
+35
| +0.5% | +$1.36K |
|
659
Waste Management
WM
$90B
| $262K | ﹤0.01% |
2,948
-758
| -20% | -$68.1K |
|
660
Vanguard Morningstar Growth ETF
VUG
$224B
| $259K | ﹤0.01% |
11,562
-4,434
| -28% | -$107K |
|
661
Prospect Capital
PSEC
$1.09B
| $256K | ﹤0.01% |
+40,500
| New | +$274K |
|
662
Unilever
UL
$138B
| $253K | ﹤0.01% |
4,297
+490
| +13% | +$29.5K |
|
663
iShares US Oil & Gas Exploration & Production ETF
IEO
$566M
| $247K | ﹤0.01% |
+4,788
| New | +$303K |
|
664
Global Partners
GLP
$1.7B
| $245K | ﹤0.01% |
+15,000
| New | +$268K |
|
665
Truist Financial
TFC
$63.4B
| $242K | ﹤0.01% |
+5,593
| New | +$268K |
|
666
YPF
YPF
$205B
| $240K | ﹤0.01% |
17,889
+20
| +0.1% | +$294 |
|
667
Zoetis
ZTS
$32.7B
| $240K | ﹤0.01% |
+2,806
| New | +$253K |
|
668
AptarGroup
ATR
$8.7B
| $238K | ﹤0.01% |
2,535
+64
| +3% | +$6.52K |
|
669
Brookfield
BN
$106B
| $238K | ﹤0.01% |
17,425
-2,264
| -11% | -$33.8K |
|
|
WBA
670
DELISTED
Walgreens Boots Alliance
WBA
| $238K | ﹤0.01% |
3,480
-1,064
| -23% | -$82.5K |
|
671
Eastman Chemical
EMN
$8.22B
| $237K | ﹤0.01% |
3,244
+36
| +1% | +$2.87K |
|
672
Fortive
FTV
$18.1B
| $237K | ﹤0.01% |
+5,555
| New | +$261K |
|
673
Intuit
INTU
$87.7B
| $229K | ﹤0.01% |
1,164
-33
| -3% | -$6.87K |
|
674
Pampa Energía
PAM
$4.67B
| $229K | ﹤0.01% |
7,200
-75
| -1% | -$2.43K |
|
675
HP
HPQ
$24.8B
| $226K | ﹤0.01% |
11,039
-11,088
| -50% | -$259K |
|
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.