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 | |
|---|---|---|---|---|---|---|
|
GTLS
126
DELISTED
Chart Industries
GTLS
| $122M | 0.09% |
1,035,012
-9,458
| -0.9% | -$913K |
|
127
Synaptics
SYNA
$3.99B
| $122M | 0.09% |
1,261,126
-16,004
| -1% | -$1.3M |
|
128
Boston Beer
SAM
$1.88B
| $120M | 0.09% |
121,102
-2,241
| -2% | -$2.15M |
|
|
STMP
129
DELISTED
Stamps.com, Inc.
STMP
| $120M | 0.09% |
613,647
+4,355
| +0.7% | +$956K |
|
130
McDonald's
MCD
$196B
| $119M | 0.09% |
553,294
+7,785
| +1% | +$1.69M |
|
131
TAL Education Group
TAL
$6.91B
| $116M | 0.09% |
+1,621,948
| New | +$117M |
|
132
Meritage Homes
MTH
$4.71B
| $113M | 0.08% |
2,735,892
-12,318
| -0.4% | -$582K |
|
133
Helen of Troy
HELE
$671M
| $111M | 0.08% |
500,977
-5,255
| -1% | -$1.08M |
|
134
Steris
STE
$22.6B
| $110M | 0.08% |
580,580
-1,706
| -0.3% | -$318K |
|
135
Paycom
PAYC
$10.1B
| $108M | 0.08% |
238,023
+19,410
| +9% | +$7.73M |
|
136
HEICO Corp
HEI
$50.8B
| $106M | 0.08% |
803,808
+4,308
| +0.5% | +$526K |
|
137
Toro Company
TTC
$9.35B
| $106M | 0.08% |
1,121,687
-11,093
| -1% | -$981K |
|
138
Boston Scientific
BSX
$71.4B
| $105M | 0.08% |
2,915,510
+119,530
| +4% | +$4.31M |
|
139
Pool Corp
POOL
$7.31B
| $104M | 0.08% |
279,474
-89
| -0% | -$31K |
|
140
Johnson & Johnson
JNJ
$619B
| $103M | 0.08% |
651,406
-26,559
| -4% | -$3.92M |
|
141
Darling Ingredients
DAR
$9.62B
| $102M | 0.08% |
1,771,079
+6,761
| +0.4% | +$323K |
|
142
Blackrock
BLK
$175B
| $102M | 0.08% |
141,523
+19,478
| +16% | +$12.9M |
|
143
Otis Worldwide
OTIS
$28.1B
| $101M | 0.08% |
1,489,499
-142,117
| -9% | -$9.22M |
|
|
SF
144
Stifel
SF
$12.6B
| $99.9M | 0.07% |
2,968,605
+221,841
| +8% | +$6.59M |
|
145
Procter & Gamble
PG
$342B
| $98.3M | 0.07% |
706,576
+59,572
| +9% | +$8.33M |
|
146
Pegasystems
PEGA
$5.21B
| $97.7M | 0.07% |
1,466,006
+17,466
| +1% | +$1.11M |
|
147
Credicorp
BAP
$31.2B
| $96.5M | 0.07% |
588,363
+23,326
| +4% | +$3.24M |
|
148
Bio-Rad Laboratories Class A
BIO
$9.16B
| $96M | 0.07% |
164,699
-2,703
| -2% | -$1.54M |
|
149
New Oriental
EDU
$9.04B
| $94.7M | 0.07% |
509,534
+501,174
| +5,995% | +$84.3M |
|
150
Pfizer
PFE
$149B
| $93.6M | 0.07% |
2,543,887
+45,863
| +2% | +$1.68M |
|
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.