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 | |
|---|---|---|---|---|---|---|
151
Meta Platforms (Facebook)
META
$1.42T
| $63.7M | 0.06% |
310,230
-103,685
| -25% | -$20.1M |
|
152
Marvell Technology
MRVL
$168B
| $63.4M | 0.06% |
2,388,804
+70,313
| +3% | +$1.78M |
|
153
Terex
TEX
$7.18B
| $63M | 0.06% |
2,114,870
-391,926
| -16% | -$11M |
|
154
Devon Energy
DVN
$52.1B
| $62.9M | 0.06% |
2,421,875
-143,758
| -6% | -$3.24M |
|
155
Integer Holdings
ITGR
$4.12B
| $62.1M | 0.06% |
771,639
-146,104
| -16% | -$11.2M |
|
156
HUB Group
HUBG
$2.85B
| $60.6M | 0.06% |
2,364,710
-211,400
| -8% | -$5.23M |
|
157
Blackrock
BLK
$169B
| $60.1M | 0.06% |
119,462
-30,310
| -20% | -$14.4M |
|
|
GTLS
158
DELISTED
Chart Industries
GTLS
| $59.2M | 0.06% |
876,490
-123,486
| -12% | -$7.22M |
|
159
Helmerich & Payne
HP
$3.45B
| $58.7M | 0.06% |
1,292,675
-174,288
| -12% | -$6.99M |
|
160
Goldman Sachs
GS
$300B
| $57.9M | 0.06% |
251,855
-62,518
| -20% | -$13.6M |
|
161
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $57.4M | 0.06% |
2,457,550
+179,180
| +8% | +$3.98M |
|
162
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $56.5M | 0.06% |
516,230
-10,429
| -2% | -$1.13M |
|
163
Alcon
ALC
$33.6B
| $55M | 0.06% |
972,746
-221,452
| -19% | -$12.7M |
|
164
iShare MSCI Eurozone ETF
EZU
$9.64B
| $54.9M | 0.06% |
1,310,591
+100,550
| +8% | +$4.07M |
|
165
Darling Ingredients
DAR
$9.64B
| $54.8M | 0.06% |
1,950,659
-53,736
| -3% | -$1.2M |
|
166
Paycom
PAYC
$7.64B
| $54.7M | 0.06% |
206,711
-37,125
| -15% | -$8.79M |
|
167
Regal Rexnord
RRX
$13.7B
| $54.4M | 0.06% |
635,241
-108,157
| -15% | -$8.58M |
|
168
Charles River Laboratories
CRL
$11.2B
| $53.1M | 0.05% |
347,562
-90,809
| -21% | -$12.6M |
|
|
UMPQ
169
DELISTED
Umpqua Holdings Corp
UMPQ
| $52.1M | 0.05% |
2,942,471
-336,342
| -10% | -$5.57M |
|
|
MDRX
170
DELISTED
Veradigm Inc. Common Stock
MDRX
| $52M | 0.05% |
5,300,112
+652,237
| +14% | +$6.87M |
|
|
PC
171
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
| $51M | 0.05% |
5,379,954
+89,692
| +2% | +$850K |
|
172
Lazard
LAZ
$4.13B
| $50.2M | 0.05% |
1,256,838
-427,858
| -25% | -$16.2M |
|
173
Mid-America Apartment Communities
MAA
$15.4B
| $50.2M | 0.05% |
380,570
-30,834
| -7% | -$4.13M |
|
174
Plexus
PLXS
$6.72B
| $49.8M | 0.05% |
647,724
-41,672
| -6% | -$3.02M |
|
175
Azenta
AZTA
$1.3B
| $49.7M | 0.05% |
1,184,923
-169,813
| -13% | -$7.13M |
|
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.