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 | |
|---|---|---|---|---|---|---|
101
Qorvo
QRVO
$7.99B
| $118M | 0.12% |
1,017,291
-99,904
| -9% | -$9.66M |
|
102
NXP Semiconductors
NXPI
$57.8B
| $118M | 0.12% |
924,494
+37,418
| +4% | +$4.34M |
|
103
iShares Global Tech ETF
IXN
$8.32B
| $117M | 0.12% |
3,331,668
+244,710
| +8% | +$8.03M |
|
104
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $111M | 0.11% |
2,508,118
+195,990
| +8% | +$8.36M |
|
105
West Pharmaceutical
WST
$24B
| $109M | 0.11% |
724,573
-170,577
| -19% | -$24.8M |
|
106
Synaptics
SYNA
$4.19B
| $108M | 0.11% |
1,635,461
-141,051
| -8% | -$7.43M |
|
|
HIT
107
DELISTED
HITACHI LTD ADR (10COM)NEW
HIT
| $106M | 0.11% |
1,246,792
+4,139
| +0.3% | +$352K |
|
108
Toro Company
TTC
$8.75B
| $105M | 0.11% |
1,312,870
-78,325
| -6% | -$6M |
|
|
HRC
109
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $104M | 0.11% |
919,091
-82,239
| -8% | -$8.67M |
|
110
Helen of Troy
HELE
$644M
| $104M | 0.1% |
575,990
-48,205
| -8% | -$7.73M |
|
111
Teledyne Technologies
TDY
$30.4B
| $103M | 0.1% |
297,659
-41,376
| -12% | -$13.9M |
|
112
Vanguard FTSE Europe ETF
VGK
$30.7B
| $100M | 0.1% |
1,714,640
+138,614
| +9% | +$7.75M |
|
113
Raymond James Financial
RJF
$33.8B
| $99.1M | 0.1% |
1,661,220
-255,575
| -13% | -$14.8M |
|
114
Yelp
YELP
$1.45B
| $98.7M | 0.1% |
2,833,114
-239,832
| -8% | -$8.14M |
|
115
iShares MSCI Japan ETF
EWJ
$21.9B
| $97.6M | 0.1% |
1,646,729
+17,792
| +1% | +$1.05M |
|
116
Vishay Intertechnology
VSH
$5.25B
| $94.8M | 0.1% |
4,450,832
-671,489
| -13% | -$13M |
|
117
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $94.3M | 0.1% |
1,773,440
-36,766
| -2% | -$1.96M |
|
|
STMP
118
DELISTED
Stamps.com, Inc.
STMP
| $90.2M | 0.09% |
1,079,633
+256,177
| +31% | +$21.4M |
|
119
Ambev
ABEV
$48.1B
| $89.9M | 0.09% |
19,289,070
-4,071,726
| -17% | -$18.1M |
|
120
Boston Beer
SAM
$1.91B
| $88.8M | 0.09% |
235,019
-23,614
| -9% | -$8.89M |
|
121
Morgan Stanley
MS
$331B
| $88M | 0.09% |
1,720,493
-66,240
| -4% | -$3.14M |
|
122
KB Home
KBH
$3.37B
| $86.4M | 0.09% |
2,521,222
-497,098
| -16% | -$17.2M |
|
123
Pool Corp
POOL
$6.75B
| $85M | 0.09% |
400,086
-76,354
| -16% | -$15.8M |
|
|
VRNT
124
DELISTED
Verint Systems
VRNT
| $84.7M | 0.09% |
3,003,282
-694,146
| -19% | -$16.9M |
|
125
Pegasystems
PEGA
$5.02B
| $84.4M | 0.09% |
2,118,726
-383,694
| -15% | -$14.5M |
|
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.