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 | |
|---|---|---|---|---|---|---|
126
Align Technology
ALGN
$12.1B
| $83.7M | 0.08% |
300,004
-21,287
| -7% | -$5.31M |
|
127
Cleveland-Cliffs
CLF
$6.57B
| $83.3M | 0.08% |
9,919,765
-3,692,480
| -27% | -$28.4M |
|
128
Bio-Rad Laboratories Class A
BIO
$8.71B
| $83.1M | 0.08% |
224,643
-26,561
| -11% | -$9.36M |
|
|
129
Lumentum
LITE
$55.5B
| $82.7M | 0.08% |
1,042,342
+639,690
| +159% | +$41.9M |
|
|
SF
130
Stifel
SF
$12.6B
| $81.5M | 0.08% |
3,024,248
-1,011,037
| -25% | -$26.4M |
|
131
Littelfuse
LFUS
$11.2B
| $81.5M | 0.08% |
425,784
-92,695
| -18% | -$17M |
|
|
NUVA
132
DELISTED
NuVasive, Inc.
NUVA
| $81M | 0.08% |
1,047,390
-81,073
| -7% | -$5.72M |
|
133
Semtech
SMTC
$11B
| $80.5M | 0.08% |
1,520,855
-92,162
| -6% | -$4.62M |
|
134
Lennar Class A
LEN
$19.8B
| $80.3M | 0.08% |
1,486,242
-81,042
| -5% | -$4.62M |
|
135
MKS Inc
MKSI
$20.1B
| $79.4M | 0.08% |
721,414
-88,037
| -11% | -$9.22M |
|
136
Meritage Homes
MTH
$4.58B
| $78.9M | 0.08% |
2,582,642
-394,292
| -13% | -$13.5M |
|
|
MRO
137
DELISTED
Marathon Oil Corporation
MRO
| $77.3M | 0.08% |
5,695,318
+182,958
| +3% | +$2.23M |
|
138
East-West Bancorp
EWBC
$17.9B
| $74.6M | 0.08% |
1,531,617
-379,762
| -20% | -$17.1M |
|
139
Lincoln Electric
LECO
$14.2B
| $74.1M | 0.07% |
766,414
-222,008
| -22% | -$20.2M |
|
140
iShares Global Energy ETF
IXC
$2.79B
| $73.6M | 0.07% |
2,387,127
+687,544
| +40% | +$21.1M |
|
141
Norfolk Southern
NSC
$75.4B
| $73.5M | 0.07% |
378,741
+29,878
| +9% | +$5.6M |
|
|
INVX
142
Innovex International
INVX
$1.96B
| $72M | 0.07% |
1,534,003
-206,882
| -12% | -$9.47M |
|
143
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| $71.8M | 0.07% |
704,646
+56,636
| +9% | +$5.45M |
|
144
Halliburton
HAL
$26.9B
| $69.8M | 0.07% |
2,852,684
-393,691
| -12% | -$8.3M |
|
145
Boeing
BA
$171B
| $69M | 0.07% |
211,939
-64,683
| -23% | -$22.9M |
|
|
KSU
146
DELISTED
Kansas City Southern
KSU
| $68.6M | 0.07% |
447,895
-121,998
| -21% | -$17.9M |
|
|
COHR
147
DELISTED
Coherent Inc
COHR
| $65.7M | 0.07% |
394,841
+35,177
| +10% | +$5.45M |
|
|
CLGX
148
DELISTED
Corelogic, Inc.
CLGX
| $65.5M | 0.07% |
1,497,408
-399,766
| -21% | -$17M |
|
149
First American
FAF
$7.66B
| $63.9M | 0.06% |
1,095,739
-196,441
| -15% | -$12M |
|
150
Fair Isaac
FICO
$24.3B
| $63.8M | 0.06% |
170,292
-11,417
| -6% | -$3.84M |
|
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.