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 | |
|---|---|---|---|---|---|---|
|
NUVA
201
DELISTED
NuVasive, Inc.
NUVA
| $53.2M | 0.04% |
944,161
-4,241
| -0.4% | -$209K |
|
202
Knowles
KN
$3.38B
| $52.2M | 0.04% |
2,834,481
-41,100
| -1% | -$687K |
|
203
iShares MSCI Japan ETF
EWJ
$22.5B
| $52.2M | 0.04% |
771,977
-3,694
| -0.5% | -$232K |
|
204
State Street Health Care Select Sector SPDR ETF
XLV
$42.3B
| $51.7M | 0.04% |
456,173
+37,953
| +9% | +$4.14M |
|
205
Qualcomm
QCOM
$165B
| $51.5M | 0.04% |
337,790
+593
| +0.2% | +$82.6K |
|
206
First American
FAF
$7.66B
| $51M | 0.04% |
988,318
-9,643
| -1% | -$484K |
|
207
Boeing
BA
$190B
| $49.7M | 0.04% |
232,282
+36,826
| +19% | +$7.08M |
|
208
Nice
NICE
$5.82B
| $49.6M | 0.04% |
174,806
-898
| -0.5% | -$218K |
|
|
MRO
209
DELISTED
Marathon Oil Corporation
MRO
| $49M | 0.04% |
7,352,351
+401,465
| +6% | +$2.16M |
|
210
Devon Energy
DVN
$48.5B
| $47.4M | 0.04% |
2,999,459
+100,000
| +3% | +$1.24M |
|
|
JHG
211
DELISTED
Janus Henderson
JHG
| $46.2M | 0.03% |
1,422,388
+206,708
| +17% | +$5.9M |
|
212
HubSpot
HUBS
$12.8B
| $46.2M | 0.03% |
116,526
-10,410
| -8% | -$3.65M |
|
213
Bank of America
BAC
$442B
| $45.9M | 0.03% |
1,515,134
-15,997
| -1% | -$429K |
|
214
Integra LifeSciences
IART
$1.38B
| $43.9M | 0.03% |
676,754
+4,083
| +0.6% | +$220K |
|
215
Emergent Biosolutions
EBS
$389M
| $43.5M | 0.03% |
485,356
-17,342
| -3% | -$1.59M |
|
216
Plexus
PLXS
$7.35B
| $43.5M | 0.03% |
555,879
-3,659
| -0.7% | -$273K |
|
217
ATI
ATI
$28B
| $43.5M | 0.03% |
2,591,665
-56,675
| -2% | -$720K |
|
218
Gerdau
GGB
$10.1B
| $41.6M | 0.03% |
11,214,305
-637,804
| -5% | -$2.13M |
|
219
Medpace
MEDP
$16.4B
| $41.2M | 0.03% |
296,160
-9,827
| -3% | -$1.24M |
|
|
UMPQ
220
DELISTED
Umpqua Holdings Corp
UMPQ
| $40.6M | 0.03% |
2,680,069
-15,323
| -0.6% | -$210K |
|
|
INVX
221
Innovex International
INVX
$2.13B
| $40.4M | 0.03% |
1,365,504
-2,500
| -0.2% | -$71K |
|
222
Wintrust Financial
WTFC
$10.9B
| $40.1M | 0.03% |
656,688
-6,612
| -1% | -$356K |
|
223
Alcon
ALC
$34.4B
| $39.6M | 0.03% |
600,918
-45,422
| -7% | -$2.84M |
|
224
Diageo
DEO
$49.2B
| $39.2M | 0.03% |
246,956
-2,266
| -0.9% | -$338K |
|
225
Halozyme
HALO
$9.87B
| $38.9M | 0.03% |
910,715
-43,442
| -5% | -$1.56M |
|
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.