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 |
Cisco
CSCO
|
+$331M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$324M |
| 3 |
Salesforce
CRM
|
+$301M |
| 4 |
Adobe
ADBE
|
+$294M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$216M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$422M |
| 2 |
Lloyds Banking Group
LYG
|
+$252M |
| 3 |
Barclays
BCS
|
+$135M |
| 4 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$72M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 8% |
| 5 | Consumer Staples | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Texas Instruments
TXN
$252B
| $41.5M | 0.06% |
438,701
+3,044
| +0.7% | +$295K |
|
|
AXE
177
DELISTED
Anixter International Inc
AXE
| $40.6M | 0.06% |
747,645
+4,304
| +0.6% | +$271K |
|
178
Occidental Petroleum
OXY
$56.8B
| $39.9M | 0.05% |
650,319
-26,257
| -4% | -$1.85M |
|
179
AAR Corp
AIR
$5.59B
| $38.5M | 0.05% |
1,030,761
+54,516
| +6% | +$2.38M |
|
180
Prestige Consumer Healthcare
PBH
$2.38B
| $38.5M | 0.05% |
1,245,718
-2,925
| -0.2% | -$107K |
|
181
Equinor
EQNR
$97.7B
| $38.4M | 0.05% |
1,816,082
+63,772
| +4% | +$1.57M |
|
182
Artisan Partners
APAM
$2.79B
| $38.1M | 0.05% |
1,725,151
+6,728
| +0.4% | +$179K |
|
183
Progress Software
PRGS
$1.66B
| $37.8M | 0.05% |
1,064,772
+3,186
| +0.3% | +$106K |
|
184
Revvity
RVTY
$12.6B
| $37.5M | 0.05% |
477,097
+2,148
| +0.5% | +$181K |
|
185
Gilead Sciences
GILD
$162B
| $37.4M | 0.05% |
597,760
+38,205
| +7% | +$2.67M |
|
186
Oceaneering
OII
$4.86B
| $37.4M | 0.05% |
3,087,935
+41,774
| +1% | +$786K |
|
187
CONMED
CNMD
$1.39B
| $37.2M | 0.05% |
579,407
+14,806
| +3% | +$1.01M |
|
188
Ecopetrol
EC
$34.5B
| $37M | 0.05% |
2,329,686
+589,439
| +34% | +$12.6M |
|
189
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.22B
| $36.9M | 0.05% |
1,365,876
+964,809
| +241% | +$28.3M |
|
|
ETFC
190
DELISTED
E*Trade Financial Corporation
ETFC
| $36.7M | 0.05% |
836,748
+12,960
| +2% | +$635K |
|
191
Plexus
PLXS
$6.72B
| $36.6M | 0.05% |
716,346
+7,306
| +1% | +$411K |
|
192
Wintrust Financial
WTFC
$10.8B
| $35.3M | 0.05% |
531,211
-1,580
| -0.3% | -$120K |
|
|
THS
193
DELISTED
Treehouse Foods
THS
| $34.9M | 0.05% |
687,250
+936
| +0.1% | +$46.1K |
|
|
PC
194
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
| $34.8M | 0.05% |
3,850,704
-185,854
| -5% | -$1.68M |
|
195
NXP Semiconductors
NXPI
$57.8B
| $33.8M | 0.05% |
+461,712
| New | +$36.6M |
|
196
iShare MSCI Eurozone ETF
EZU
$9.64B
| $33.6M | 0.05% |
959,182
+86,720
| +10% | +$3.24M |
|
197
Idacorp
IDA
$7.92B
| $33.4M | 0.05% |
358,606
+3,345
| +0.9% | +$327K |
|
198
ENI
E
$80.5B
| $33.1M | 0.05% |
1,052,319
+1,034,488
| +5,802% | +$35.1M |
|
199
Webster Financial
WBS
$12.5B
| $33M | 0.05% |
669,543
+120
| +0% | +$6.85K |
|
|
WDR
200
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $32.4M | 0.04% |
1,794,430
-23,775
| -1% | -$463K |
|
Similar funds
Ken Fisher's Q4 2018 Portfolio in Review
As of Q4 2018, Ken Fisher held 954 positions worth $73.2B, down 11% from $82.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher deployed $3.18B of net new capital in Q4 2018, opening 84 new positions and adding to 428 existing holdings. Its largest new stake was Weibo: 2,764,345 shares worth $162M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vodafone, an estimated $422M trimmed.
- Ken Fisher's largest Q4 2018 buy was Weibo: 2,764,345 shares worth $162M.
- Ken Fisher added most to Cisco in Q4 2018, an estimated $331M increase.
- Ken Fisher's biggest Q4 2018 reduction was Vodafone, cutting an estimated $422M.
- Ken Fisher fully exited Luxottica Group in Q4 2018, selling an estimated $51M.
- Ken Fisher's ten largest holdings make up 26% of its $73.2B portfolio in Q4 2018.
- Ken Fisher opened 84 new positions and closed 88 in Q4 2018.
- Ken Fisher's portfolio value fell 11% quarter-over-quarter to $73.2B.
Based on Fisher Asset Management's 13F filing for Q4 2018, filed 25 Jan 2019.