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 | |
|---|---|---|---|---|---|---|
|
JHG
201
DELISTED
Janus Henderson
JHG
| $32M | 0.04% |
1,543,959
+12,163
| +0.8% | +$279K |
|
202
Colgate-Palmolive
CL
$73.1B
| $32M | 0.04% |
536,971
-62,526
| -10% | -$3.91M |
|
|
CONE
203
DELISTED
CyrusOne Inc Common Stock
CONE
| $31.6M | 0.04% |
597,229
+7,167
| +1% | +$409K |
|
204
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $31.6M | 0.04% |
1,755,680
+154,300
| +10% | +$2.99M |
|
205
Abbott
ABT
$183B
| $31.3M | 0.04% |
432,046
+4,584
| +1% | +$322K |
|
206
Delek US
DK
$4.16B
| $30.7M | 0.04% |
945,702
+119,429
| +14% | +$4.52M |
|
207
Verizon
VZ
$195B
| $30.7M | 0.04% |
546,504
+8,617
| +2% | +$489K |
|
208
Marvell Technology
MRVL
$168B
| $30.4M | 0.04% |
1,878,897
+54,496
| +3% | +$903K |
|
|
CADE
209
DELISTED
Cadence Bank
CADE
| $29.9M | 0.04% |
1,142,364
-328,858
| -22% | -$9.56M |
|
210
Emergent Biosolutions
EBS
$373M
| $29.8M | 0.04% |
502,181
+201,706
| +67% | +$13M |
|
211
Amgen
AMGN
$208B
| $29.7M | 0.04% |
152,432
+2,600
| +2% | +$507K |
|
212
Cemex
CX
$17.1B
| $29.3M | 0.04% |
6,080,661
-1,513,815
| -20% | -$8.07M |
|
213
Glacier Bancorp
GBCI
$6.42B
| $29.1M | 0.04% |
733,642
+5,749
| +0.8% | +$247K |
|
214
ATI
ATI
$25.6B
| $28.8M | 0.04% |
1,322,525
+12,903
| +1% | +$335K |
|
|
KSU
215
DELISTED
Kansas City Southern
KSU
| $28.7M | 0.04% |
300,516
+7,845
| +3% | +$796K |
|
|
DATA
216
DELISTED
Tableau Software, Inc.
DATA
| $28.4M | 0.04% |
237,051
+107,329
| +83% | +$12M |
|
|
PACW
217
DELISTED
PacWest Bancorp
PACW
| $28.2M | 0.04% |
847,697
-2,598
| -0.3% | -$104K |
|
218
Onto Innovation
ONTO
$12.9B
| $28.1M | 0.04% |
1,028,299
+397,677
| +63% | +$12.3M |
|
|
PXD
219
DELISTED
Pioneer Natural Resource Co.
PXD
| $27.3M | 0.04% |
207,673
-12,556
| -6% | -$1.92M |
|
220
ICICI Bank
IBN
$108B
| $27.2M | 0.04% |
2,643,724
+38,340
| +1% | +$362K |
|
221
Range Resources
RRC
$9.38B
| $27.1M | 0.04% |
2,829,530
+24,656
| +0.9% | +$375K |
|
222
Nomura Holdings
NMR
$28.3B
| $26.6M | 0.04% |
7,152,039
+10,540
| +0.1% | +$47.3K |
|
223
Omnicell
OMCL
$1.61B
| $26.2M | 0.04% |
428,230
-7,871
| -2% | -$533K |
|
224
Paycom
PAYC
$7.64B
| $25.9M | 0.04% |
211,224
+50,840
| +32% | +$6.51M |
|
225
Bristol-Myers Squibb
BMY
$133B
| $25.7M | 0.04% |
494,078
-15,165
| -3% | -$815K |
|
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.