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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $82.8M | 0.1% |
4,083,374
+1,236,229
| +43% | +$25.2M |
|
127
Vanguard S&P 500 ETF
VOO
$979B
| $80.6M | 0.1% |
301,681
+34,940
| +13% | +$9.14M |
|
128
Bio-Rad Laboratories Class A
BIO
$8.71B
| $80.2M | 0.1% |
256,352
-6,345
| -2% | -$1.97M |
|
|
WMGI
129
DELISTED
Wright Medical Group Inc
WMGI
| $80M | 0.1% |
2,757,861
-48,414
| -2% | -$1.3M |
|
130
KB Home
KBH
$3.37B
| $79M | 0.1% |
3,303,540
-38,423
| -1% | -$964K |
|
|
SEM
131
DELISTED
Select Medical
SEM
| $78.4M | 0.1% |
7,907,672
-10,223
| -0.1% | -$106K |
|
132
Lennar Class A
LEN
$19.8B
| $77.6M | 0.09% |
1,717,005
-132,706
| -7% | -$6.68M |
|
133
AbbVie
ABBV
$443B
| $77.2M | 0.09% |
816,350
+15,559
| +2% | +$1.48M |
|
134
Lazard
LAZ
$4.13B
| $75.4M | 0.09% |
1,566,056
+119,261
| +8% | +$5.93M |
|
135
First American
FAF
$7.66B
| $75.3M | 0.09% |
1,460,525
-32,701
| -2% | -$1.79M |
|
|
UMPQ
136
DELISTED
Umpqua Holdings Corp
UMPQ
| $73.4M | 0.09% |
3,529,573
-54,231
| -2% | -$1.19M |
|
137
NETSCOUT
NTCT
$2.96B
| $72.1M | 0.09% |
2,855,959
-55,574
| -2% | -$1.5M |
|
138
Mastercard
MA
$502B
| $71.7M | 0.09% |
322,133
-17,233
| -5% | -$3.59M |
|
|
HIT
139
DELISTED
HITACHI LTD ADR (10COM)NEW
HIT
| $71.6M | 0.09% |
1,053,603
+44,348
| +4% | +$3.01M |
|
140
Ingredion
INGR
$6.27B
| $71.2M | 0.09% |
678,489
-17,901
| -3% | -$1.83M |
|
141
Qorvo
QRVO
$7.99B
| $71M | 0.09% |
923,865
-28,856
| -3% | -$2.31M |
|
|
MDRX
142
DELISTED
Veradigm Inc. Common Stock
MDRX
| $71M | 0.09% |
4,982,770
-102,915
| -2% | -$1.4M |
|
143
iShares MSCI Taiwan ETF
EWT
$9.86B
| $71M | 0.09% |
1,882,284
-2,103,264
| -53% | -$77.9M |
|
|
FNSR
144
DELISTED
Finisar Corp
FNSR
| $70.9M | 0.09% |
3,722,920
-25,720
| -0.7% | -$478K |
|
145
Stratasys
SSYS
$679M
| $67.1M | 0.08% |
2,903,354
-42,612
| -1% | -$960K |
|
|
BECN
146
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $66.3M | 0.08% |
1,832,851
-14,346
| -0.8% | -$569K |
|
147
HUB Group
HUBG
$2.85B
| $64.8M | 0.08% |
2,841,002
-21,128
| -0.7% | -$526K |
|
148
Meritage Homes
MTH
$4.58B
| $64.8M | 0.08% |
3,245,726
-61,804
| -2% | -$1.35M |
|
149
Goldman Sachs
GS
$300B
| $64.3M | 0.08% |
286,521
-13,802
| -5% | -$3.21M |
|
150
Vanguard FTSE Europe ETF
VGK
$30.7B
| $63.2M | 0.08% |
1,124,552
+79,326
| +8% | +$4.49M |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.