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 | |
|---|---|---|---|---|---|---|
101
ScottsMiracle-Gro
SMG
$3.82B
| $93.6M | 0.13% |
1,522,881
+56,467
| +4% | +$4.02M |
|
102
Boeing
BA
$171B
| $93.5M | 0.13% |
289,840
+23,494
| +9% | +$8.12M |
|
103
Littelfuse
LFUS
$11.2B
| $92M | 0.13% |
536,694
+963
| +0.2% | +$172K |
|
104
Integer Holdings
ITGR
$4.12B
| $91.7M | 0.13% |
1,202,218
+9,362
| +0.8% | +$751K |
|
105
West Pharmaceutical
WST
$24B
| $90.7M | 0.12% |
924,964
+2,463
| +0.3% | +$267K |
|
106
Toro Company
TTC
$8.75B
| $88.6M | 0.12% |
1,585,373
+8,745
| +0.6% | +$508K |
|
|
VRNT
107
DELISTED
Verint Systems
VRNT
| $88.1M | 0.12% |
4,086,793
+14,422
| +0.4% | +$331K |
|
108
Pool Corp
POOL
$6.75B
| $87.8M | 0.12% |
590,696
-3,501
| -0.6% | -$524K |
|
109
Invesco QQQ Trust
QQQ
$453B
| $86.4M | 0.12% |
560,097
+58,678
| +12% | +$9.81M |
|
110
Vanguard S&P 500 ETF
VOO
$979B
| $85.8M | 0.12% |
373,531
+71,850
| +24% | +$17.8M |
|
111
Lincoln Electric
LECO
$14.3B
| $84.6M | 0.12% |
1,072,595
+14,584
| +1% | +$1.21M |
|
112
Cleveland-Cliffs
CLF
$6.57B
| $83.8M | 0.11% |
10,901,099
+2,332,343
| +27% | +$23.3M |
|
|
SF
113
Stifel
SF
$12.6B
| $82M | 0.11% |
4,453,189
+50,558
| +1% | +$1.05M |
|
|
WMGI
114
DELISTED
Wright Medical Group Inc
WMGI
| $80.9M | 0.11% |
2,973,694
+215,833
| +8% | +$5.97M |
|
|
FNSR
115
DELISTED
Finisar Corp
FNSR
| $80.8M | 0.11% |
3,739,179
+16,259
| +0.4% | +$324K |
|
116
Mastercard
MA
$506B
| $77.8M | 0.11% |
412,444
+90,311
| +28% | +$17.9M |
|
117
Morgan Stanley
MS
$331B
| $77M | 0.11% |
1,942,027
+14,996
| +0.8% | +$654K |
|
118
Teledyne Technologies
TDY
$30.4B
| $75.5M | 0.1% |
364,629
+3,833
| +1% | +$839K |
|
119
Boston Beer
SAM
$1.91B
| $75.2M | 0.1% |
312,238
+2,382
| +0.8% | +$666K |
|
120
AbbVie
ABBV
$443B
| $75M | 0.1% |
813,076
-3,274
| -0.4% | -$288K |
|
121
Capital One
COF
$128B
| $74.7M | 0.1% |
988,268
-10,944
| -1% | -$948K |
|
|
MZTI
122
The Marzetti Company
MZTI
$2.93B
| $72.9M | 0.1% |
412,230
+8,247
| +2% | +$1.4M |
|
123
Vanguard Industrials ETF
VIS
$8.1B
| $72.6M | 0.1% |
603,179
-57,376
| -9% | -$7.61M |
|
|
CLGX
124
DELISTED
Corelogic, Inc.
CLGX
| $71M | 0.1% |
2,123,738
+20,409
| +1% | +$828K |
|
125
Pegasystems
PEGA
$5.02B
| $69.4M | 0.09% |
2,902,862
-15,128
| -0.5% | -$397K |
|
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.