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 | |
|---|---|---|---|---|---|---|
701
Southwest Airlines
LUV
$22.9B
| $307K | ﹤0.01% |
6,578
-2,691
| -29% | -$117K |
|
702
Enbridge
ENB
$112B
| $305K | ﹤0.01% |
9,531
+2,152
| +29% | +$65.5K |
|
|
THS
703
DELISTED
Treehouse Foods
THS
| $303K | ﹤0.01% |
7,122
| – | – |
|
704
Collegium Pharmaceutical
COLL
$909M
| $302K | ﹤0.01% |
15,095
-5,755
| -28% | -$112K |
|
705
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.5B
| $296K | ﹤0.01% |
+5,350
| New | +$281K |
|
706
iShares Russell 1000 Value ETF
IWD
$83.2B
| $293K | ﹤0.01% |
2,144
+395
| +23% | +$50.7K |
|
707
iShares MSCI Taiwan ETF
EWT
$10.7B
| $292K | ﹤0.01% |
5,501
+94
| +2% | +$4.59K |
|
708
ORIX
IX
$43.9B
| $292K | ﹤0.01% |
18,850
-3,035
| -14% | -$42.8K |
|
709
Linde
LIN
$225B
| $292K | ﹤0.01% |
+1,110
| New | +$272K |
|
|
FSKR
710
DELISTED
FS KKR Capital Corp. II
FSKR
| $292K | ﹤0.01% |
17,819
+541
| +3% | +$8.64K |
|
711
iShares Russell 2000 Value ETF
IWN
$14.5B
| $290K | ﹤0.01% |
2,199
-15
| -0.7% | -$1.77K |
|
712
Fortinet
FTNT
$120B
| $288K | ﹤0.01% |
9,700
-4,140
| -30% | -$105K |
|
713
Estee Lauder
EL
$31B
| $287K | ﹤0.01% |
1,078
-1,031
| -49% | -$248K |
|
714
Travelers Companies
TRV
$79.4B
| $287K | ﹤0.01% |
2,047
-61
| -3% | -$7.83K |
|
715
Vanguard Health Care ETF
VHT
$18.3B
| $287K | ﹤0.01% |
1,284
+179
| +16% | +$38.3K |
|
716
Eastman Chemical
EMN
$8.37B
| $285K | ﹤0.01% |
2,844
+19
| +0.7% | +$1.76K |
|
717
Vanguard High Dividend Yield ETF
VYM
$82.1B
| $285K | ﹤0.01% |
3,114
-222
| -7% | -$19.3K |
|
|
CEO
718
DELISTED
CNOOC Limited
CEO
| $285K | ﹤0.01% |
3,114
+671
| +27% | +$66.3K |
|
719
iShares S&P 500 Growth ETF
IVW
$77.6B
| $282K | ﹤0.01% |
+4,419
| New | +$268K |
|
720
iShares MSCI Emerging Markets Asia ETF
EEMA
$865M
| $281K | ﹤0.01% |
3,212
| – | – |
|
721
Okta
OKTA
$26B
| $281K | ﹤0.01% |
1,106
-105
| -9% | -$25K |
|
722
Acadia Healthcare
ACHC
$2.84B
| $278K | ﹤0.01% |
+5,536
| New | +$221K |
|
723
Allstate
ALL
$67.8B
| $278K | ﹤0.01% |
+2,533
| New | +$249K |
|
724
Sysco
SYY
$39.8B
| $277K | ﹤0.01% |
3,730
-1,509
| -29% | -$104K |
|
725
iShares Gold Trust
IAU
$67.6B
| $273K | ﹤0.01% |
+7,520
| New | +$269K |
|
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.