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 |
Cisco
CSCO
|
+$331M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$324M |
| 3 |
Salesforce
CRM
|
+$301M |
| 4 |
Adobe
ADBE
|
+$294M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$216M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$422M |
| 2 |
Lloyds Banking Group
LYG
|
+$252M |
| 3 |
Barclays
BCS
|
+$135M |
| 4 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$72M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 8% |
| 5 | Consumer Staples | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ABB
76
DELISTED
ABB Ltd
ABB
| $213M | 0.29% |
11,193,231
+478,645
| +4% | +$9.69M |
|
77
NetEase
NTES
$85.3B
| $206M | 0.28% |
4,385,165
+84,535
| +2% | +$3.81M |
|
|
SIVB
78
DELISTED
SVB Financial Group
SIVB
| $202M | 0.28% |
1,063,554
+57,752
| +6% | +$14.1M |
|
|
BBL
79
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $202M | 0.28% |
4,815,803
+297,334
| +7% | +$12.2M |
|
80
America Movil
AMX
$76.1B
| $170M | 0.23% |
11,911,207
-1,841,425
| -13% | -$26.5M |
|
81
iShares National Muni Bond ETF
MUB
$45.1B
| $164M | 0.22% |
1,505,499
+181,233
| +14% | +$19.5M |
|
82
Weibo
WB
$2B
| $162M | 0.22% |
+2,764,345
| New | +$167M |
|
|
AZPN
83
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $153M | 0.21% |
1,865,742
+25,879
| +1% | +$2.13M |
|
84
Steris
STE
$22.3B
| $150M | 0.21% |
1,407,120
+2,220
| +0.2% | +$248K |
|
85
GE Aerospace
GE
$374B
| $146M | 0.2% |
4,037,246
+522,731
| +15% | +$23.6M |
|
86
ASE Group
ASX
$77.3B
| $144M | 0.2% |
38,458,982
-916,121
| -2% | -$3.63M |
|
87
Southern Copper
SCCO
$143B
| $141M | 0.19% |
4,958,042
+612
| +0% | +$20.7K |
|
88
Chemed
CHE
$7.07B
| $135M | 0.18% |
477,261
+1,961
| +0.4% | +$592K |
|
89
HEICO Corp
HEI
$49.8B
| $124M | 0.17% |
1,596,380
+6,501
| +0.4% | +$542K |
|
90
Televisa
TV
$1.48B
| $119M | 0.16% |
9,454,234
-397,329
| -4% | -$5.82M |
|
|
HRC
91
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $116M | 0.16% |
1,313,512
+7,808
| +0.6% | +$709K |
|
92
Ambev
ABEV
$48.1B
| $110M | 0.15% |
28,120,584
-2,389,298
| -8% | -$10.2M |
|
93
Yelp
YELP
$1.45B
| $110M | 0.15% |
3,148,840
+197,640
| +7% | +$7.55M |
|
94
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $106M | 0.15% |
2,841,729
+581,366
| +26% | +$22.5M |
|
95
Raymond James Financial
RJF
$33.8B
| $102M | 0.14% |
2,046,111
+149,857
| +8% | +$7.98M |
|
96
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $101M | 0.14% |
5,979,082
+1,895,708
| +46% | +$34.9M |
|
97
Vishay Intertechnology
VSH
$5.25B
| $101M | 0.14% |
5,593,182
+787,545
| +16% | +$14.9M |
|
98
Helen of Troy
HELE
$644M
| $101M | 0.14% |
766,662
+7,374
| +1% | +$968K |
|
99
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $95.5M | 0.13% |
1,855,131
+183,544
| +11% | +$9.32M |
|
100
East-West Bancorp
EWBC
$17.9B
| $93.8M | 0.13% |
2,155,733
+27,128
| +1% | +$1.41M |
|
Similar funds
Ken Fisher's Q4 2018 Portfolio in Review
As of Q4 2018, Ken Fisher held 954 positions worth $73.2B, down 11% from $82.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher deployed $3.18B of net new capital in Q4 2018, opening 84 new positions and adding to 428 existing holdings. Its largest new stake was Weibo: 2,764,345 shares worth $162M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vodafone, an estimated $422M trimmed.
- Ken Fisher's largest Q4 2018 buy was Weibo: 2,764,345 shares worth $162M.
- Ken Fisher added most to Cisco in Q4 2018, an estimated $331M increase.
- Ken Fisher's biggest Q4 2018 reduction was Vodafone, cutting an estimated $422M.
- Ken Fisher fully exited Luxottica Group in Q4 2018, selling an estimated $51M.
- Ken Fisher's ten largest holdings make up 26% of its $73.2B portfolio in Q4 2018.
- Ken Fisher opened 84 new positions and closed 88 in Q4 2018.
- Ken Fisher's portfolio value fell 11% quarter-over-quarter to $73.2B.
Based on Fisher Asset Management's 13F filing for Q4 2018, filed 25 Jan 2019.