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
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Danaher
DHR
$140B
| $687M | 0.51% |
3,487,738
+189,480
| +6% | +$38M |
|
52
Vale
VALE
$63.6B
| $676M | 0.51% |
40,304,435
+159,496
| +0.4% | +$2.13M |
|
53
Toyota
TM
$220B
| $658M | 0.49% |
4,256,765
+201,679
| +5% | +$28.2M |
|
54
Goldman Sachs
GS
$313B
| $653M | 0.49% |
2,475,675
+145,095
| +6% | +$32.3M |
|
55
Morgan Stanley
MS
$343B
| $635M | 0.48% |
9,270,283
+392,165
| +4% | +$22.5M |
|
56
Stryker
SYK
$129B
| $631M | 0.47% |
2,574,059
+139,236
| +6% | +$31.5M |
|
57
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.7B
| $623M | 0.47% |
19,856,484
+127,678
| +0.6% | +$4M |
|
58
NVIDIA
NVDA
$5.31T
| $621M | 0.47% |
47,543,280
+4,479,760
| +10% | +$60M |
|
59
GSK
GSK
$103B
| $608M | 0.46% |
13,221,275
+240,301
| +2% | +$11M |
|
|
RDS.A
60
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $566M | 0.42% |
16,094,646
+5,108,848
| +47% | +$159M |
|
61
AB InBev
BUD
$168B
| $545M | 0.41% |
7,796,725
+308,003
| +4% | +$19.5M |
|
62
BHP
BHP
$227B
| $510M | 0.38% |
8,745,206
+158,555
| +2% | +$7.95M |
|
63
Edwards Lifesciences
EW
$51.2B
| $509M | 0.38% |
5,578,633
+386,233
| +7% | +$32M |
|
64
Invesco QQQ Trust
QQQ
$480B
| $504M | 0.38% |
1,606,643
+146,515
| +10% | +$43M |
|
65
Chevron
CVX
$371B
| $477M | 0.36% |
5,643,730
+214,786
| +4% | +$17.4M |
|
66
Lam Research
LRCX
$385B
| $452M | 0.34% |
9,575,590
+676,870
| +8% | +$28.5M |
|
67
CSX Corp
CSX
$94.7B
| $443M | 0.33% |
14,639,295
+751,617
| +5% | +$21.6M |
|
68
Petrobras
PBR
$118B
| $442M | 0.33% |
39,372,571
+886,675
| +2% | +$7.86M |
|
|
ABB
69
DELISTED
ABB Ltd
ABB
| $427M | 0.32% |
15,258,045
+678,699
| +5% | +$18.1M |
|
70
RTX Corp
RTX
$300B
| $423M | 0.32% |
5,915,155
+520,309
| +10% | +$34.2M |
|
71
American Tower
AMT
$78.3B
| $419M | 0.31% |
1,865,053
-71
| -0% | -$16.5K |
|
72
Mercado Libre
MELI
$97.5B
| $416M | 0.31% |
248,271
+36,577
| +17% | +$51.6M |
|
73
HDFC Bank
HDB
$122B
| $415M | 0.31% |
11,477,224
+19,632
| +0.2% | +$626K |
|
74
iShares National Muni Bond ETF
MUB
$45.4B
| $389M | 0.29% |
3,320,764
+289,959
| +10% | +$33.7M |
|
|
NBIS
75
Nebius Group N.V.
NBIS
$55.6B
| $386M | 0.29% |
5,546,255
+4,985
| +0.1% | +$318K |
|
Similar funds
Ken Fisher's Q4 2020 Portfolio in Review
As of Q4 2020, Ken Fisher held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Ken Fisher's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Ken Fisher's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Ken Fisher fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Ken Fisher's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Ken Fisher opened 123 new positions and closed 53 in Q4 2020.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.