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 | |
|---|---|---|---|---|---|---|
126
iShares Global Energy ETF
IXC
$2.79B
| $66.5M | 0.09% |
2,265,430
+1,494,890
| +194% | +$50.4M |
|
127
Lennar Class A
LEN
$19.8B
| $65.5M | 0.09% |
1,727,901
+10,896
| +0.6% | +$444K |
|
128
NETSCOUT
NTCT
$2.96B
| $65.5M | 0.09% |
2,770,524
-85,435
| -3% | -$2.15M |
|
129
First American
FAF
$7.66B
| $65.2M | 0.09% |
1,461,020
+495
| +0% | +$23K |
|
130
Qorvo
QRVO
$7.99B
| $63.9M | 0.09% |
1,052,049
+128,184
| +14% | +$8.62M |
|
131
Lazard
LAZ
$4.13B
| $63.6M | 0.09% |
1,722,098
+156,042
| +10% | +$6.23M |
|
132
KB Home
KBH
$3.37B
| $63.4M | 0.09% |
3,321,909
+18,369
| +0.6% | +$377K |
|
|
NUVA
133
DELISTED
NuVasive, Inc.
NUVA
| $63.1M | 0.09% |
1,272,638
+15,359
| +1% | +$924K |
|
134
iShares MSCI Japan ETF
EWJ
$21.9B
| $62.5M | 0.09% |
1,233,001
+353,920
| +40% | +$19.4M |
|
135
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $62.5M | 0.09% |
1,683,755
+322,358
| +24% | +$12.8M |
|
136
Ingredion
INGR
$6.27B
| $62.3M | 0.09% |
681,961
+3,472
| +0.5% | +$347K |
|
137
Terex
TEX
$7.18B
| $61.5M | 0.08% |
2,231,361
+35,282
| +2% | +$1.13M |
|
138
Bio-Rad Laboratories Class A
BIO
$8.71B
| $60.1M | 0.08% |
258,795
+2,443
| +1% | +$655K |
|
139
Vanguard FTSE Europe ETF
VGK
$30.7B
| $60.1M | 0.08% |
1,235,132
+110,580
| +10% | +$5.7M |
|
140
Meritage Homes
MTH
$4.58B
| $59.9M | 0.08% |
3,264,810
+19,084
| +0.6% | +$352K |
|
141
iShares Global Tech ETF
IXN
$8.32B
| $57.4M | 0.08% |
2,392,128
+270,990
| +13% | +$7.08M |
|
|
HIT
142
DELISTED
HITACHI LTD ADR (10COM)NEW
HIT
| $57.3M | 0.08% |
1,070,740
+17,137
| +2% | +$917K |
|
143
iShares MSCI Taiwan ETF
EWT
$9.86B
| $56.7M | 0.08% |
1,791,870
-90,414
| -5% | -$3M |
|
|
UMPQ
144
DELISTED
Umpqua Holdings Corp
UMPQ
| $56.5M | 0.08% |
3,554,888
+25,315
| +0.7% | +$476K |
|
145
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $54.3M | 0.07% |
538,471
+26,138
| +5% | +$2.73M |
|
|
BECN
146
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $53.5M | 0.07% |
1,686,726
-146,125
| -8% | -$4.51M |
|
147
HUB Group
HUBG
$2.85B
| $52.9M | 0.07% |
2,854,690
+13,688
| +0.5% | +$294K |
|
148
Meta Platforms (Facebook)
META
$1.42T
| $52.9M | 0.07% |
403,431
+22,474
| +6% | +$3.26M |
|
149
Blackrock
BLK
$169B
| $52.3M | 0.07% |
133,223
+8,016
| +6% | +$3.28M |
|
|
MNDT
150
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $52.3M | 0.07% |
3,226,328
+14,285
| +0.4% | +$257K |
|
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.