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 |
iShares MSCI Europe Financials ETF
EUFN
|
+$427M |
| 2 |
iShares Global Energy ETF
IXC
|
+$357M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$322M |
| 4 |
iShares MSCI Spain ETF
EWP
|
+$194M |
| 5 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$208M |
| 2 |
ING
ING
|
+$123M |
| 3 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$90.3M |
| 4 |
Banco Santander
SAN
|
+$82.1M |
| 5 |
Freeport-McMoran
FCX
|
+$57.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.57% |
| 2 | Financials | 12.78% |
| 3 | Healthcare | 11.18% |
| 4 | Consumer Discretionary | 8.38% |
| 5 | Energy | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
SLB Ltd
SLB
$72.6B
| $470M | 0.52% |
11,816,154
+709,200
| +6% | +$28.6M |
|
52
Vale
VALE
$63.8B
| $461M | 0.51% |
34,285,915
-1,252,164
| -4% | -$16.1M |
|
53
Eli Lilly
LLY
$1.03T
| $457M | 0.51% |
4,127,933
+192,702
| +5% | +$22.7M |
|
54
ExxonMobil
XOM
$651B
| $432M | 0.48% |
5,631,111
-567,237
| -9% | -$43.9M |
|
55
Sumitomo Mitsui Financial
SMFG
$164B
| $429M | 0.47% |
60,776,273
-1,418,250
| -2% | -$10M |
|
|
56
ING
ING
$99.8B
| $418M | 0.46% |
36,085,662
-10,326,397
| -22% | -$123M |
|
57
BHP
BHP
$218B
| $416M | 0.46% |
8,034,007
+297,093
| +4% | +$14.4M |
|
58
Infosys
INFY
$48.4B
| $415M | 0.46% |
38,749,012
-1,327,023
| -3% | -$14.1M |
|
59
Itaú Unibanco
ITUB
$93B
| $413M | 0.46% |
60,291,875
-1,262,797
| -2% | -$7.95M |
|
60
Banco Bradesco
BBD
$37.9B
| $407M | 0.45% |
55,168,671
-527,710
| -0.9% | -$3.61M |
|
|
61
iShares Global Energy ETF
IXC
$2.77B
| $395M | 0.44% |
12,165,827
+10,861,181
| +833% | +$357M |
|
62
Trip.com Group
TCOM
$29.3B
| $394M | 0.44% |
10,678,354
-225,429
| -2% | -$8.89M |
|
|
63
Banco Santander
SAN
$202B
| $390M | 0.43% |
88,836,064
-18,271,698
| -17% | -$82.1M |
|
64
JD.com
JD
$43.6B
| $354M | 0.39% |
11,672,616
-634,961
| -5% | -$18.3M |
|
|
65
Freeport-McMoran
FCX
$91.2B
| $342M | 0.38% |
29,441,540
-4,923,758
| -14% | -$57.3M |
|
66
Netflix
NFLX
$305B
| $336M | 0.37% |
9,136,510
+1,884,270
| +26% | +$68M |
|
|
FEUL
67
DELISTED
Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ
FEUL
| $327M | 0.36% |
3,449,466
-61,157
| -2% | -$5.49M |
|
68
GE Aerospace
GE
$368B
| $323M | 0.36% |
6,173,657
+312,511
| +5% | +$15.4M |
|
69
BP
BP
$114B
| $292M | 0.32% |
7,124,447
-1,240,395
| -15% | -$52M |
|
|
BF
70
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $276M | 0.3% |
15,149,751
+591,351
| +4% | +$10.8M |
|
|
BBL
71
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $275M | 0.3% |
5,379,374
+302,157
| +6% | +$14.4M |
|
72
Credicorp
BAP
$32B
| $271M | 0.3% |
1,184,176
-33,735
| -3% | -$7.73M |
|
73
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $252M | 0.28% |
2,886,064
-14,426
| -0.5% | -$1.25M |
|
|
ABB
74
DELISTED
ABB Ltd
ABB
| $243M | 0.27% |
12,154,247
+393,695
| +3% | +$7.67M |
|
75
Alphabet (Google) Class C
GOOG
$4.08T
| $234M | 0.26% |
4,328,200
-61,600
| -1% | -$3.55M |
|
Similar funds
Ken Fisher's Q2 2019 Portfolio in Review
As of Q2 2019, Ken Fisher held 967 positions worth $90.5B, up 6% from $85.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q2 2019 filing shows 105 new, 388 increased, 294 reduced and 65 closed positions. Its largest new stake was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M. The largest sale was TotalEnergies, an estimated $208M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q2 2019 buy was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M.
- Ken Fisher added most to iShares MSCI Europe Financials ETF in Q2 2019, an estimated $427M increase.
- Ken Fisher's biggest Q2 2019 reduction was TotalEnergies, cutting an estimated $208M.
- Ken Fisher fully exited Rowan Companies Plc in Q2 2019, selling an estimated $10.6M.
- Ken Fisher's ten largest holdings make up 27% of its $90.5B portfolio in Q2 2019.
- Ken Fisher opened 105 new positions and closed 65 in Q2 2019.
- Ken Fisher's portfolio value rose 6% quarter-over-quarter to $90.5B.
Based on Fisher Asset Management's 13F filing for Q2 2019, filed 30 Jul 2019.