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 |
Caterpillar
CAT
|
+$675M |
| 2 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$559M |
| 3 |
PayPal
PYPL
|
+$417M |
| 4 |
Netflix
NFLX
|
+$408M |
| 5 |
Alibaba
BABA
|
+$328M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.01% |
| 2 | Financials | 13.51% |
| 3 | Healthcare | 10.94% |
| 4 | Consumer Discretionary | 8.78% |
| 5 | Energy | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Eli Lilly
LLY
$1.02T
| $482M | 0.53% |
4,306,397
+178,464
| +4% | +$19.9M |
|
52
ExxonMobil
XOM
$644B
| $466M | 0.51% |
6,600,585
+969,474
| +17% | +$70.1M |
|
|
53
PayPal
PYPL
$48.9B
| $456M | 0.5% |
4,402,613
+3,781,844
| +609% | +$417M |
|
54
HDFC Bank
HDB
$123B
| $453M | 0.5% |
15,881,636
-270,984
| -2% | -$7.71M |
|
55
Itaú Unibanco
ITUB
$93.2B
| $453M | 0.5% |
74,030,821
+13,738,946
| +23% | +$89.2M |
|
56
Banco Santander
SAN
$202B
| $445M | 0.49% |
115,542,425
+26,706,361
| +30% | +$106M |
|
57
Infosys
INFY
$48.7B
| $428M | 0.47% |
37,609,033
-1,139,979
| -3% | -$12.8M |
|
58
SLB Ltd
SLB
$73.6B
| $420M | 0.46% |
12,295,327
+479,173
| +4% | +$17.5M |
|
59
Sumitomo Mitsui Financial
SMFG
$164B
| $419M | 0.46% |
61,307,322
+531,049
| +0.9% | +$3.63M |
|
60
Banco Bradesco
BBD
$38.2B
| $412M | 0.45% |
67,329,270
+12,160,599
| +22% | +$80.5M |
|
61
Vale
VALE
$64.1B
| $385M | 0.42% |
33,505,808
-780,107
| -2% | -$9.46M |
|
62
Freeport-McMoran
FCX
$90B
| $372M | 0.41% |
38,822,910
+9,381,370
| +32% | +$96.3M |
|
63
BHP
BHP
$215B
| $362M | 0.4% |
8,219,301
+185,294
| +2% | +$8.65M |
|
64
BP
BP
$116B
| $345M | 0.38% |
9,071,080
+1,946,633
| +27% | +$74.3M |
|
65
JD.com
JD
$44.6B
| $323M | 0.35% |
11,448,185
-224,431
| -2% | -$6.78M |
|
66
Trip.com Group
TCOM
$29.6B
| $305M | 0.33% |
10,398,735
-279,619
| -3% | -$9.83M |
|
67
Union Pacific
UNP
$174B
| $290M | 0.32% |
1,792,513
+1,780,761
| +15,153% | +$299M |
|
68
CSX Corp
CSX
$93.4B
| $283M | 0.31% |
12,273,231
+12,230,007
| +28,294% | +$285M |
|
69
GE Aerospace
GE
$374B
| $281M | 0.31% |
6,296,068
+122,411
| +2% | +$5.75M |
|
|
BF
70
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $275M | 0.3% |
15,721,515
+571,764
| +4% | +$9.99M |
|
71
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $270M | 0.3% |
51,968,505
+20,232,480
| +64% | +$104M |
|
72
Alphabet (Google) Class C
GOOG
$4.36T
| $259M | 0.28% |
4,253,600
-74,600
| -2% | -$4.41M |
|
73
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $253M | 0.28% |
2,897,410
+11,346
| +0.4% | +$985K |
|
74
iShares National Muni Bond ETF
MUB
$45.1B
| $251M | 0.28% |
2,203,411
+198,328
| +10% | +$22.6M |
|
|
ABB
75
DELISTED
ABB Ltd
ABB
| $251M | 0.28% |
12,752,587
+598,340
| +5% | +$11.4M |
|
Similar funds
Ken Fisher's Q3 2019 Portfolio in Review
As of Q3 2019, Ken Fisher held 980 positions worth $91.1B, up 0.75% from $90.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q3 2019 filing shows 78 new, 345 increased, 343 reduced and 77 closed positions. Its largest new stake was Global Payments: 199,149 shares worth $31.7M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, an estimated $881M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2019 buy was Global Payments: 199,149 shares worth $31.7M.
- Ken Fisher added most to Caterpillar in Q3 2019, an estimated $675M increase.
- Ken Fisher's biggest Q3 2019 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, cutting an estimated $881M.
- Ken Fisher fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $53.8M.
- Ken Fisher's ten largest holdings make up 26% of its $91.1B portfolio in Q3 2019.
- Ken Fisher opened 78 new positions and closed 77 in Q3 2019.
- Ken Fisher's portfolio value rose 0.75% quarter-over-quarter to $91.1B.
Based on Fisher Asset Management's 13F filing for Q3 2019, filed 29 Oct 2019.