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
|
+$274M |
| 2 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$138M |
| 3 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$69.1M |
| 4 |
Lumentum
LITE
|
+$41.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$171M |
| 2 |
Petrobras
PBR
|
+$64.7M |
| 3 |
Vale
VALE
|
+$62.7M |
| 4 |
WMGI
Wright Medical Group Inc
WMGI
|
+$61.9M |
| 5 |
HDFC Bank
HDB
|
+$57.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Financials | 13.08% |
| 3 | Healthcare | 10.74% |
| 4 | Consumer Discretionary | 8.75% |
| 5 | Energy | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Fidelity MSCI Information Technology Index ETF
FTEC
$19.9B
| $301K | ﹤0.01% |
4,148
+114
| +3% | +$7.72K |
|
652
S&P Global
SPGI
$121B
| $301K | ﹤0.01% |
1,104
-220
| -17% | -$57.2K |
|
653
Paychex
PAYX
$41.6B
| $295K | ﹤0.01% |
3,470
+829
| +31% | +$69.9K |
|
654
Lam Research
LRCX
$367B
| $294K | ﹤0.01% |
10,050
+630
| +7% | +$16.7K |
|
655
Exelon
EXC
$47.2B
| $292K | ﹤0.01% |
+8,983
| New | +$291K |
|
656
Vanguard Morningstar Growth ETF
VUG
$220B
| $289K | ﹤0.01% |
9,528
-2,694
| -22% | -$77.8K |
|
657
Applied Materials
AMAT
$403B
| $286K | ﹤0.01% |
+4,689
| New | +$264K |
|
658
HP
HPQ
$24.9B
| $286K | ﹤0.01% |
13,901
+1,061
| +8% | +$20.1K |
|
659
iShares MSCI USA Min Vol Factor ETF
USMV
$23.6B
| $286K | ﹤0.01% |
+4,359
| New | +$280K |
|
|
FEUL
660
DELISTED
Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ
FEUL
| $286K | ﹤0.01% |
2,735
-5,138
| -65% | -$497K |
|
661
Zoetis
ZTS
$32.4B
| $285K | ﹤0.01% |
+2,155
| New | +$268K |
|
662
iShares Russell 1000 Value ETF
IWD
$82.2B
| $281K | ﹤0.01% |
2,061
-498
| -19% | -$65.6K |
|
|
SPLK
663
DELISTED
Splunk Inc
SPLK
| $276K | ﹤0.01% |
1,842
-66
| -3% | -$8.66K |
|
|
NE
664
DELISTED
Noble Corporation
NE
| $276K | ﹤0.01% |
226,074
-488,064
| -68% | -$584K |
|
665
Vanguard Health Care ETF
VHT
$18.1B
| $275K | ﹤0.01% |
1,435
+220
| +18% | +$39.5K |
|
666
Agilent Technologies
A
$39.1B
| $273K | ﹤0.01% |
3,202
+273
| +9% | +$21.5K |
|
667
Prudential Financial
PRU
$42.4B
| $271K | ﹤0.01% |
+2,896
| New | +$266K |
|
668
Allstate
ALL
$68B
| $270K | ﹤0.01% |
2,399
+57
| +2% | +$6.22K |
|
669
Cerence
CRNC
$385M
| $270K | ﹤0.01% |
+11,925
| New | +$196K |
|
670
Dollar Tree
DLTR
$24.4B
| $269K | ﹤0.01% |
+2,861
| New | +$300K |
|
671
Eastman Chemical
EMN
$8B
| $269K | ﹤0.01% |
3,392
+145
| +4% | +$11.2K |
|
672
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $267K | ﹤0.01% |
+711
| New | +$257K |
|
673
iShares MSCI United Kingdom ETF
EWU
$4.14B
| $263K | ﹤0.01% |
7,700
-3,053
| -28% | -$99.3K |
|
674
Vanguard Energy ETF
VDE
$10.1B
| $263K | ﹤0.01% |
+3,232
| New | +$252K |
|
|
DISCK
675
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $262K | ﹤0.01% |
8,588
+86
| +1% | +$2.41K |
|
Similar funds
Ken Fisher's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Fisher held 981 positions worth $99B, up 8.6% from $91.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q4 2019 filing shows 78 new, 256 increased, 457 reduced and 83 closed positions. Its largest new stake was Enterprise Products Partners: 584,777 shares worth $16.5M. The largest sale was TSMC, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2019 buy was Enterprise Products Partners: 584,777 shares worth $16.5M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2019, an estimated $274M increase.
- Ken Fisher's biggest Q4 2019 reduction was TSMC, cutting an estimated $171M.
- Ken Fisher fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $61.9M.
- Ken Fisher's ten largest holdings make up 28% of its $99B portfolio in Q4 2019.
- Ken Fisher opened 78 new positions and closed 83 in Q4 2019.
- Ken Fisher's portfolio value rose 8.6% quarter-over-quarter to $99B.
Based on Fisher Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.