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 | |
|---|---|---|---|---|---|---|
151
Chemed
CHE
$7.14B
| $93.5M | 0.07% |
175,548
-1,671
| -0.9% | -$821K |
|
152
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $92.3M | 0.07% |
1,706,679
+9,135
| +0.5% | +$494K |
|
153
KB Home
KBH
$3.61B
| $92.3M | 0.07% |
2,752,505
+32,181
| +1% | +$1.16M |
|
154
MSCI
MSCI
$41.6B
| $90M | 0.07% |
201,567
-2,201
| -1% | -$864K |
|
155
West Pharmaceutical
WST
$24.7B
| $89.8M | 0.07% |
316,987
+2,004
| +0.6% | +$562K |
|
156
Semtech
SMTC
$11.3B
| $89.6M | 0.07% |
1,242,490
-22,164
| -2% | -$1.42M |
|
157
Terex
TEX
$7.55B
| $89.5M | 0.07% |
2,566,318
-30,680
| -1% | -$906K |
|
158
Vishay Intertechnology
VSH
$5.09B
| $89.4M | 0.07% |
4,318,539
-39,772
| -0.9% | -$733K |
|
|
MDRX
159
DELISTED
Veradigm Inc. Common Stock
MDRX
| $88.8M | 0.07% |
6,151,165
-39,702
| -0.6% | -$481K |
|
160
Lincoln Electric
LECO
$15.2B
| $88.8M | 0.07% |
763,884
-5,257
| -0.7% | -$576K |
|
|
VRNT
161
DELISTED
Verint Systems
VRNT
| $87.8M | 0.07% |
2,565,798
-19,557
| -0.8% | -$555K |
|
|
HIT
162
DELISTED
HITACHI LTD ADR (10COM)NEW
HIT
| $87.5M | 0.07% |
1,111,185
+18,197
| +2% | +$1.43M |
|
|
CALY
163
Callaway Golf Company
CALY
$3.44B
| $86.7M | 0.06% |
3,609,672
-33,812
| -0.9% | -$690K |
|
|
KSU
164
DELISTED
Kansas City Southern
KSU
| $85.9M | 0.06% |
420,717
-9,406
| -2% | -$1.77M |
|
165
Raymond James Financial
RJF
$34.7B
| $85.8M | 0.06% |
1,346,015
-31,632
| -2% | -$1.81M |
|
166
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $85.8M | 0.06% |
969,025
+71,986
| +8% | +$6.07M |
|
167
Littelfuse
LFUS
$11.7B
| $85.8M | 0.06% |
336,906
-15,571
| -4% | -$3.45M |
|
168
Insulet
PODD
$9.23B
| $85.6M | 0.06% |
335,044
+63,212
| +23% | +$15.7M |
|
169
Lumentum
LITE
$64.3B
| $84.9M | 0.06% |
895,163
-9,806
| -1% | -$846K |
|
170
Winnebago Industries
WGO
$904M
| $84.3M | 0.06% |
1,406,932
-10,272
| -0.7% | -$560K |
|
171
Teledyne Technologies
TDY
$31.7B
| $83.2M | 0.06% |
212,274
-3,065
| -1% | -$1.1M |
|
172
Lennar Class A
LEN
$21.2B
| $79.7M | 0.06% |
1,079,396
-7,891
| -0.7% | -$591K |
|
173
MKS Inc
MKSI
$21.1B
| $79.3M | 0.06% |
527,159
-20,094
| -4% | -$2.63M |
|
174
Artisan Partners
APAM
$3.04B
| $79M | 0.06% |
1,569,412
+148,994
| +10% | +$6.77M |
|
175
iShare MSCI Eurozone ETF
EZU
$9.84B
| $78.2M | 0.06% |
1,773,261
+153,663
| +9% | +$6.34M |
|
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.