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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Vodafone
VOD
$36.5B
| $461M | 0.56% |
21,225,197
-7,067,693
| -25% | -$164M |
|
|
52
Freeport-McMoran
FCX
$90B
| $449M | 0.55% |
32,256,568
+17,780,072
| +123% | +$269M |
|
53
ASML
ASML
$634B
| $435M | 0.53% |
2,312,143
+93,163
| +4% | +$18.7M |
|
54
Infosys
INFY
$49.1B
| $419M | 0.51% |
41,232,613
-2,003,619
| -5% | -$20.4M |
|
55
HDFC Bank
HDB
$123B
| $413M | 0.5% |
17,572,472
-839,392
| -5% | -$21.4M |
|
56
SLB Ltd
SLB
$73.4B
| $401M | 0.49% |
6,576,688
+385,816
| +6% | +$24.8M |
|
57
Eli Lilly
LLY
$1.02T
| $400M | 0.49% |
3,726,670
+16,604
| +0.4% | +$1.66M |
|
58
Baidu
BIDU
$37.4B
| $383M | 0.46% |
1,673,108
-51,367
| -3% | -$12.1M |
|
59
Trip.com Group
TCOM
$29.5B
| $359M | 0.44% |
9,654,198
-248,753
| -3% | -$10.1M |
|
|
FRLG
60
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $357M | 0.43% |
2,743,098
+1,363,123
| +99% | +$167M |
|
|
61
BP
BP
$116B
| $339M | 0.41% |
7,701,223
+6,823,746
| +778% | +$285M |
|
62
BHP
BHP
$215B
| $323M | 0.39% |
7,257,750
+1,121,409
| +18% | +$48.6M |
|
|
FEUL
63
DELISTED
Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ
FEUL
| $320M | 0.39% |
3,478,988
+260,124
| +8% | +$24.1M |
|
|
SIVB
64
DELISTED
SVB Financial Group
SIVB
| $313M | 0.38% |
1,005,802
-145,444
| -13% | -$45.9M |
|
|
BF
65
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $304M | 0.37% |
13,682,345
+392,239
| +3% | +$8.72M |
|
66
Domino's
DPZ
$11.6B
| $294M | 0.36% |
998,016
-28,014
| -3% | -$7.93M |
|
67
Itaú Unibanco
ITUB
$93.2B
| $292M | 0.35% |
54,790,209
-1,498,984
| -3% | -$8.06M |
|
68
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $278M | 0.34% |
44,132,247
+592,236
| +1% | +$3.94M |
|
69
Credicorp
BAP
$31.9B
| $276M | 0.34% |
1,237,732
-48,293
| -4% | -$10.8M |
|
70
JD.com
JD
$44.4B
| $272M | 0.33% |
10,412,048
-264,495
| -2% | -$8.66M |
|
71
Lloyds Banking Group
LYG
$89.5B
| $271M | 0.33% |
89,004,435
-29,436,675
| -25% | -$94.4M |
|
72
Alphabet (Google) Class C
GOOG
$4.34T
| $265M | 0.32% |
4,446,200
-91,560
| -2% | -$5.48M |
|
73
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $258M | 0.31% |
2,980,682
-54,010
| -2% | -$4.64M |
|
|
ABB
74
DELISTED
ABB Ltd
ABB
| $253M | 0.31% |
10,714,586
+449,437
| +4% | +$10.3M |
|
75
Banco Bradesco
BBD
$38.1B
| $242M | 0.29% |
54,670,008
-1,910,246
| -3% | -$8.8M |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.