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 | |
|---|---|---|---|---|---|---|
76
ING
ING
$103B
| $371M | 0.28% |
39,336,026
+2,153,049
| +6% | +$18.5M |
|
|
BBL
77
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $369M | 0.28% |
6,955,065
+295,966
| +4% | +$13.6M |
|
78
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $359M | 0.27% |
20,490,925
+2,991
| +0% | +$47.3K |
|
79
Trip.com Group
TCOM
$28.9B
| $342M | 0.26% |
10,141,421
+228,269
| +2% | +$7.44M |
|
80
Crown Castle
CCI
$32.3B
| $337M | 0.25% |
2,116,250
+168,710
| +9% | +$27.4M |
|
81
Alphabet (Google) Class C
GOOG
$4.4T
| $328M | 0.25% |
3,742,220
-82,520
| -2% | -$6.96M |
|
82
Banco Santander
SAN
$209B
| $324M | 0.24% |
106,227,829
+5,583,235
| +6% | +$14.1M |
|
|
83
Infosys
INFY
$50.5B
| $322M | 0.24% |
19,011,469
-8,182,985
| -30% | -$125M |
|
84
ExxonMobil
XOM
$628B
| $321M | 0.24% |
7,778,829
+433,469
| +6% | +$16.3M |
|
85
SLB Ltd
SLB
$74.1B
| $309M | 0.23% |
14,132,349
+814,389
| +6% | +$15.4M |
|
|
XYZ
86
Block Inc
XYZ
$50.1B
| $303M | 0.23% |
1,394,205
+19,458
| +1% | +$3.8M |
|
87
Vanguard S&P 500 ETF
VOO
$1.01T
| $290M | 0.22% |
843,841
+65,024
| +8% | +$21.2M |
|
88
Southern Copper
SCCO
$164B
| $274M | 0.21% |
4,542,179
-36,904
| -0.8% | -$1.9M |
|
|
SIVB
89
DELISTED
SVB Financial Group
SIVB
| $273M | 0.2% |
704,788
-12,481
| -2% | -$4.04M |
|
90
Cleveland-Cliffs
CLF
$7.22B
| $250M | 0.19% |
17,167,991
-210,296
| -1% | -$2.13M |
|
91
Globant
GLOB
$1.66B
| $249M | 0.19% |
1,145,913
+2,294
| +0.2% | +$443K |
|
92
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $241M | 0.18% |
2,762,320
+27,003
| +1% | +$2.31M |
|
93
Medtronic
MDT
$110B
| $231M | 0.17% |
1,970,711
+162,871
| +9% | +$17.9M |
|
94
Align Technology
ALGN
$12.5B
| $225M | 0.17% |
420,482
+48,360
| +13% | +$21.7M |
|
95
BP
BP
$106B
| $224M | 0.17% |
10,932,197
+3,182,519
| +41% | +$60M |
|
96
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
| $224M | 0.17% |
5,580,379
+63,195
| +1% | +$2.48M |
|
97
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $217M | 0.16% |
4,140,167
-2,335
| -0.1% | -$122K |
|
98
ConocoPhillips
COP
$140B
| $205M | 0.15% |
5,114,371
+195,309
| +4% | +$7.2M |
|
99
Capital One
COF
$136B
| $202M | 0.15% |
2,039,867
+308,295
| +18% | +$26.2M |
|
100
NetEase
NTES
$82B
| $196M | 0.15% |
2,048,267
-7,053
| -0.3% | -$633K |
|
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.