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 | |
|---|---|---|---|---|---|---|
151
Meta Platforms (Facebook)
META
$1.42T
| $62.7M | 0.08% |
380,957
+4,730
| +1% | +$856K |
|
|
152
Berkshire Hathaway Class B
BRK.B
$1.1T
| $62.6M | 0.08% |
292,203
-2,981,958
| -91% | -$612M |
|
153
Integra LifeSciences
IART
$1.29B
| $61.9M | 0.08% |
940,440
-5,777
| -0.6% | -$359K |
|
154
iShares Global Tech ETF
IXN
$8.32B
| $61.9M | 0.08% |
2,121,138
+489,246
| +30% | +$14M |
|
155
RLJ Lodging Trust
RLJ
$1.86B
| $61M | 0.07% |
2,767,222
-45,518
| -2% | -$1.01M |
|
|
MZTI
156
The Marzetti Company
MZTI
$2.93B
| $60.3M | 0.07% |
403,983
-3,458
| -0.8% | -$515K |
|
157
Blackrock
BLK
$169B
| $59M | 0.07% |
125,207
-4,350
| -3% | -$2.11M |
|
158
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $58.9M | 0.07% |
1,361,397
+274,806
| +25% | +$11.8M |
|
159
Helmerich & Payne
HP
$3.45B
| $58.6M | 0.07% |
852,392
-14,465
| -2% | -$923K |
|
160
Qualcomm
QCOM
$155B
| $56.7M | 0.07% |
787,627
+11,890
| +2% | +$782K |
|
161
Regal Rexnord
RRX
$13.7B
| $56.4M | 0.07% |
683,915
-8,305
| -1% | -$690K |
|
162
Artisan Partners
APAM
$2.79B
| $55.7M | 0.07% |
1,718,423
-24,391
| -1% | -$795K |
|
163
Occidental Petroleum
OXY
$56.8B
| $55.6M | 0.07% |
676,576
+491,009
| +265% | +$39.7M |
|
164
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $55.4M | 0.07% |
512,333
-153,795
| -23% | -$16.5M |
|
|
MNDT
165
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $54.6M | 0.07% |
3,212,043
+939,932
| +41% | +$15M |
|
166
Diageo
DEO
$49B
| $54.4M | 0.07% |
384,018
+1,585
| +0.4% | +$228K |
|
167
Cemex
CX
$17.1B
| $53.5M | 0.06% |
7,594,476
+6,100
| +0.1% | +$42.8K |
|
168
iShares MSCI Japan ETF
EWJ
$21.9B
| $52.9M | 0.06% |
879,081
+23,302
| +3% | +$1.35M |
|
|
AXE
169
DELISTED
Anixter International Inc
AXE
| $52.3M | 0.06% |
743,341
+119,152
| +19% | +$8.35M |
|
170
PayPal
PYPL
$48.9B
| $52.1M | 0.06% |
593,385
+11,924
| +2% | +$1.05M |
|
171
Charles River Laboratories
CRL
$11.2B
| $51M | 0.06% |
379,277
+14,538
| +4% | +$1.79M |
|
|
LUX
172
DELISTED
Luxottica Group
LUX
| $51M | 0.06% |
750,029
+2,090
| +0.3% | +$142K |
|
173
Smith & Nephew
SNN
$13.3B
| $49.4M | 0.06% |
1,333,002
-758,662
| -36% | -$27.4M |
|
174
Equinor
EQNR
$97.7B
| $49.4M | 0.06% |
1,752,310
+660,805
| +61% | +$17.4M |
|
175
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $48.5M | 0.06% |
1,607,174
-26,689
| -2% | -$805K |
|
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.