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 | |
|---|---|---|---|---|---|---|
101
Honda
HMC
$39.7B
| $191M | 0.14% |
6,750,860
+169,119
| +3% | +$4.57M |
|
102
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $189M | 0.14% |
38,229,640
+2,141,568
| +6% | +$8.22M |
|
103
Applied Materials
AMAT
$424B
| $178M | 0.13% |
2,057,888
+66,058
| +3% | +$4.88M |
|
104
Autodesk
ADSK
$50.7B
| $177M | 0.13% |
580,233
+41,153
| +8% | +$10.8M |
|
105
ServiceNow
NOW
$121B
| $172M | 0.13% |
1,562,510
+272,505
| +21% | +$28.3M |
|
106
NXP Semiconductors
NXPI
$58.3B
| $167M | 0.13% |
1,051,020
-79,816
| -7% | -$11.8M |
|
107
ScottsMiracle-Gro
SMG
$3.85B
| $165M | 0.12% |
828,318
-15,482
| -2% | -$2.65M |
|
|
HES
108
DELISTED
Hess
HES
| $165M | 0.12% |
3,116,269
+186,811
| +6% | +$8.49M |
|
109
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $163M | 0.12% |
3,944,027
+1,012,743
| +35% | +$40.8M |
|
|
110
iShares Global Tech ETF
IXN
$8.77B
| $162M | 0.12% |
3,243,936
-795,396
| -20% | -$36.8M |
|
111
ASE Group
ASX
$80.9B
| $157M | 0.12% |
26,867,629
-76,889
| -0.3% | -$384K |
|
112
Alcoa
AA
$12.6B
| $154M | 0.12% |
6,673,153
-22,395
| -0.3% | -$390K |
|
113
Domino's
DPZ
$12.1B
| $152M | 0.11% |
395,673
-7,268
| -2% | -$2.86M |
|
114
Itaú Unibanco
ITUB
$90.5B
| $150M | 0.11% |
33,914,880
-1,621,399
| -5% | -$6.07M |
|
115
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $146M | 0.11% |
5,124,520
+440,620
| +9% | +$12M |
|
116
Global Payments
GPN
$23.9B
| $145M | 0.11% |
674,431
-10,349
| -2% | -$1.93M |
|
117
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $142M | 0.11% |
2,997,971
+209,269
| +8% | +$9.21M |
|
118
Vanguard FTSE Europe ETF
VGK
$31.1B
| $137M | 0.1% |
2,282,382
+192,822
| +9% | +$10.9M |
|
119
Norfolk Southern
NSC
$76.8B
| $136M | 0.1% |
572,483
+10,712
| +2% | +$2.44M |
|
120
Atlassian
TEAM
$28.8B
| $133M | 0.1% |
567,140
+96,543
| +21% | +$20.4M |
|
121
Banco Bradesco
BBD
$37.9B
| $131M | 0.1% |
30,182,930
-1,358,582
| -4% | -$4.97M |
|
122
Yelp
YELP
$1.46B
| $128M | 0.1% |
3,913,595
-106,908
| -3% | -$2.81M |
|
123
Qorvo
QRVO
$8.4B
| $127M | 0.09% |
761,800
-22,326
| -3% | -$3.29M |
|
|
AZPN
124
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $127M | 0.09% |
971,681
+683
| +0.1% | +$89K |
|
125
Carrier Global
CARR
$53.9B
| $122M | 0.09% |
3,237,521
-302,851
| -9% | -$11M |
|
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.