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 | |
|---|---|---|---|---|---|---|
|
51
Petrobras
PBR
$124B
| $551M | 0.56% |
34,583,274
-4,239,561
| -11% | -$64.7M |
|
52
SLB Ltd
SLB
$74.1B
| $495M | 0.5% |
12,312,525
+17,198
| +0.1% | +$614K |
|
53
Freeport-McMoran
FCX
$90.7B
| $494M | 0.5% |
37,617,537
-1,205,373
| -3% | -$13.2M |
|
54
Banco Santander
SAN
$202B
| $463M | 0.47% |
116,725,163
+1,182,738
| +1% | +$4.59M |
|
55
Sumitomo Mitsui Financial
SMFG
$163B
| $461M | 0.47% |
62,203,165
+895,843
| +1% | +$6.45M |
|
56
PayPal
PYPL
$48.6B
| $457M | 0.46% |
4,227,648
-174,965
| -4% | -$18.2M |
|
57
ExxonMobil
XOM
$643B
| $455M | 0.46% |
6,521,384
-79,201
| -1% | -$5.48M |
|
|
58
HDFC Bank
HDB
$123B
| $444M | 0.45% |
14,004,796
-1,876,840
| -12% | -$57.2M |
|
59
Itaú Unibanco
ITUB
$94.3B
| $438M | 0.44% |
65,777,042
-8,253,779
| -11% | -$51.7M |
|
60
Banco Bradesco
BBD
$38.6B
| $408M | 0.41% |
60,717,510
-6,611,760
| -10% | -$41.4M |
|
61
BHP
BHP
$217B
| $400M | 0.4% |
8,200,569
-18,732
| -0.2% | -$851K |
|
|
62
Vale
VALE
$63.6B
| $373M | 0.38% |
28,292,026
-5,213,782
| -16% | -$62.7M |
|
63
GE Aerospace
GE
$373B
| $357M | 0.36% |
6,425,106
+129,038
| +2% | +$6.67M |
|
64
JD.com
JD
$43.6B
| $348M | 0.35% |
9,879,890
-1,568,295
| -14% | -$50.6M |
|
65
BP
BP
$115B
| $347M | 0.35% |
9,198,100
+127,020
| +1% | +$4.82M |
|
66
Infosys
INFY
$48B
| $345M | 0.35% |
33,411,848
-4,197,185
| -11% | -$42.2M |
|
67
Union Pacific
UNP
$172B
| $334M | 0.34% |
1,848,520
+56,007
| +3% | +$9.59M |
|
68
Trip.com Group
TCOM
$29.2B
| $327M | 0.33% |
9,755,348
-643,387
| -6% | -$20.7M |
|
|
ABB
69
DELISTED
ABB Ltd
ABB
| $315M | 0.32% |
13,094,067
+341,480
| +3% | +$7.32M |
|
70
CSX Corp
CSX
$92.8B
| $304M | 0.31% |
12,590,799
+317,568
| +3% | +$7.51M |
|
|
BF
71
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
| $300M | 0.3% |
15,857,399
+135,884
| +0.9% | +$2.57M |
|
72
Banco Bilbao Vizcaya Argentaria
BBVA
$153B
| $297M | 0.3% |
53,142,095
+1,173,590
| +2% | +$6.25M |
|
73
ConocoPhillips
COP
$146B
| $280M | 0.28% |
4,309,282
+1,436
| +0% | +$84.4K |
|
|
BBL
74
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $277M | 0.28% |
5,891,791
+213,340
| +4% | +$9.38M |
|
75
Alphabet (Google) Class C
GOOG
$4.18T
| $276M | 0.28% |
4,124,720
-128,880
| -3% | -$8.32M |
|
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.