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 |
Mastercard
MA
|
+$915M |
| 2 |
Meta Platforms (Facebook)
META
|
+$693M |
| 3 |
Salesforce
CRM
|
+$618M |
| 4 |
Walt Disney
DIS
|
+$559M |
| 5 |
Nike
NKE
|
+$545M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$1.51B |
| 2 |
Pfizer
PFE
|
+$1.43B |
| 3 |
UBS Group
UBS
|
+$588M |
| 4 |
HSBC
HSBC
|
+$537M |
| 5 |
Procter & Gamble
PG
|
+$439M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.07% |
| 2 | Consumer Discretionary | 10.99% |
| 3 | Financials | 10.93% |
| 4 | Healthcare | 10.39% |
| 5 | Communication Services | 6.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
JD.com
JD
$43.8B
| $331M | 0.41% |
8,178,337
-1,701,553
| -17% | -$68M |
|
52
Advanced Micro Devices
AMD
$806B
| $324M | 0.4% |
+7,132,669
| New | +$344M |
|
53
AB InBev
BUD
$167B
| $311M | 0.39% |
7,049,621
+21,773
| +0.3% | +$1.42M |
|
54
iShares National Muni Bond ETF
MUB
$45.4B
| $288M | 0.36% |
2,551,344
+170,940
| +7% | +$19.5M |
|
55
NVIDIA
NVDA
$5.28T
| $283M | 0.35% |
42,943,440
+4,447,000
| +12% | +$28.1M |
|
56
Abbott
ABT
$184B
| $281M | 0.35% |
3,563,878
+3,289,573
| +1,199% | +$274M |
|
57
BHP
BHP
$226B
| $269M | 0.33% |
8,224,910
+24,341
| +0.3% | +$1.02M |
|
58
Banco Santander
SAN
$212B
| $268M | 0.33% |
119,205,416
+2,480,253
| +2% | +$8.51M |
|
59
Thermo Fisher Scientific
TMO
$213B
| $268M | 0.33% |
944,476
+942,774
| +55,392% | +$297M |
|
60
HDFC Bank
HDB
$122B
| $261M | 0.32% |
13,574,794
-430,002
| -3% | -$11.6M |
|
61
ING
ING
$103B
| $261M | 0.32% |
50,594,355
+680,180
| +1% | +$6.56M |
|
62
Danaher
DHR
$140B
| $260M | 0.32% |
2,118,826
+2,113,332
| +38,466% | +$285M |
|
63
Infosys
INFY
$49.9B
| $259M | 0.32% |
31,545,274
-1,866,574
| -6% | -$18.8M |
|
64
Freeport-McMoran
FCX
$96.7B
| $258M | 0.32% |
38,272,436
+654,899
| +2% | +$6.85M |
|
65
ExxonMobil
XOM
$632B
| $257M | 0.32% |
6,771,437
+250,053
| +4% | +$13.8M |
|
66
Edwards Lifesciences
EW
$51.2B
| $256M | 0.32% |
4,064,109
+4,040,349
| +17,005% | +$291M |
|
67
Trip.com Group
TCOM
$29B
| $255M | 0.32% |
10,860,613
+1,105,265
| +11% | +$34.5M |
|
68
CSX Corp
CSX
$94.5B
| $237M | 0.29% |
12,396,807
-193,992
| -2% | -$4.53M |
|
|
ABB
69
DELISTED
ABB Ltd
ABB
| $231M | 0.29% |
13,378,322
+284,255
| +2% | +$6.21M |
|
70
Alphabet (Google) Class C
GOOG
$4.37T
| $231M | 0.29% |
3,965,320
-159,400
| -4% | -$10.8M |
|
71
BP
BP
$108B
| $230M | 0.29% |
9,430,482
+232,382
| +3% | +$7.51M |
|
72
Vale
VALE
$63.3B
| $226M | 0.28% |
27,285,861
-1,006,165
| -4% | -$11M |
|
73
Domino's
DPZ
$11.9B
| $222M | 0.28% |
685,870
-62,973
| -8% | -$19.4M |
|
74
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
| $222M | 0.28% |
6,304,190
+482,207
| +8% | +$18.6M |
|
75
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $219M | 0.27% |
2,842,856
-28,080
| -1% | -$2.37M |
|
Similar funds
Ken Fisher's Q1 2020 Portfolio in Review
As of Q1 2020, Ken Fisher held 982 positions worth $80.6B, down 19% from $99B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher's Q1 2020 filing shows 84 new, 262 increased, 421 reduced and 116 closed positions. Its largest new stake was Advanced Micro Devices: 7,132,669 shares worth $324M. The largest sale was Johnson & Johnson, an estimated $1.51B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q1 2020 buy was Advanced Micro Devices: 7,132,669 shares worth $324M.
- Ken Fisher added most to Mastercard in Q1 2020, an estimated $915M increase.
- Ken Fisher's biggest Q1 2020 reduction was Johnson & Johnson, cutting an estimated $1.51B.
- Ken Fisher fully exited Ambev in Q1 2020, selling an estimated $89.9M.
- Ken Fisher's ten largest holdings make up 31% of its $80.6B portfolio in Q1 2020.
- Ken Fisher opened 84 new positions and closed 116 in Q1 2020.
- Ken Fisher's portfolio value fell 19% quarter-over-quarter to $80.6B.
Based on Fisher Asset Management's 13F filing for Q1 2020, filed 28 Apr 2020.