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 | |
|---|---|---|---|---|---|---|
76
iShares National Muni Bond ETF
MUB
$45.1B
| $271M | 0.27% |
2,380,404
+176,993
| +8% | +$20.2M |
|
77
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $252M | 0.26% |
2,870,936
-26,474
| -0.9% | -$2.3M |
|
|
78
Invesco QQQ Trust
QQQ
$453B
| $239M | 0.24% |
1,122,617
+206,930
| +23% | +$41.4M |
|
79
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $235M | 0.24% |
5,821,983
+730,163
| +14% | +$29.2M |
|
80
NetEase
NTES
$85.3B
| $228M | 0.23% |
3,721,240
-505,605
| -12% | -$29.6M |
|
81
NVIDIA
NVDA
$4.86T
| $226M | 0.23% |
38,496,440
-1,979,840
| -5% | -$10.3M |
|
82
Credicorp
BAP
$31.8B
| $221M | 0.22% |
1,036,775
-103,609
| -9% | -$21.7M |
|
83
Domino's
DPZ
$11.5B
| $220M | 0.22% |
748,843
-44,385
| -6% | -$12.2M |
|
84
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $218M | 0.22% |
4,315,129
-101,726
| -2% | -$5.15M |
|
|
SIVB
85
DELISTED
SVB Financial Group
SIVB
| $211M | 0.21% |
838,752
-168,131
| -17% | -$38.2M |
|
86
Baidu
BIDU
$37.7B
| $188M | 0.19% |
1,488,034
-173,490
| -10% | -$19.7M |
|
87
ASE Group
ASX
$77.3B
| $180M | 0.18% |
32,435,270
-1,616,745
| -5% | -$8.3M |
|
88
Weibo
WB
$2B
| $168M | 0.17% |
3,631,743
-390,852
| -10% | -$18.3M |
|
89
Vanguard S&P 500 ETF
VOO
$979B
| $168M | 0.17% |
566,341
+43,318
| +8% | +$12.3M |
|
|
HES
90
DELISTED
Hess
HES
| $164M | 0.17% |
2,453,747
+88,400
| +4% | +$5.78M |
|
|
AZPN
91
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $158M | 0.16% |
1,304,687
-390,908
| -23% | -$47.3M |
|
92
Southern Copper
SCCO
$143B
| $154M | 0.16% |
3,914,512
-440,646
| -10% | -$15.3M |
|
93
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $151M | 0.15% |
7,729,526
+909,332
| +13% | +$16.9M |
|
94
Mastercard
MA
$506B
| $144M | 0.15% |
482,463
+9,242
| +2% | +$2.61M |
|
95
HEICO Corp
HEI
$49.8B
| $141M | 0.14% |
1,230,944
-172,177
| -12% | -$21.2M |
|
96
Steris
STE
$22.3B
| $132M | 0.13% |
868,308
-204,529
| -19% | -$30M |
|
97
Chemed
CHE
$7.07B
| $130M | 0.13% |
296,535
-45,653
| -13% | -$19.2M |
|
98
America Movil
AMX
$76.1B
| $127M | 0.13% |
7,968,047
-586,462
| -7% | -$9.17M |
|
99
Capital One
COF
$128B
| $123M | 0.12% |
1,193,532
-57,211
| -5% | -$5.51M |
|
100
ScottsMiracle-Gro
SMG
$3.82B
| $123M | 0.12% |
1,154,977
-278,445
| -19% | -$28.5M |
|
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.