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 |
TotalEnergies
TTE
|
+$988M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$354M |
| 3 |
BP
BP
|
+$285M |
| 4 |
Freeport-McMoran
FCX
|
+$269M |
| 5 |
Rio Tinto
RIO
|
+$263M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$612M |
| 2 |
BAY
BAYER AG SPONS ADR
BAY
|
+$441M |
| 3 |
Johnson & Johnson
JNJ
|
+$247M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$189M |
| 5 |
Vodafone
VOD
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.26% |
| 2 | Financials | 13.72% |
| 3 | Healthcare | 11.39% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Energy | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.53T
| $3.14B | 3.82% |
31,382,060
+120,540
| +0.4% | +$11.3M |
|
2
Apple
AAPL
$4.9T
| $2.79B | 3.38% |
49,396,264
+757,692
| +2% | +$39.5M |
|
3
Visa
V
$673B
| $2.71B | 3.3% |
18,087,489
+401,700
| +2% | +$57.1M |
|
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.51B | 3.05% |
21,824,328
-1,642,979
| -7% | -$189M |
|
|
FLGE
5
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $2.29B | 2.78% |
7,686,802
-93,683
| -1% | -$26.4M |
|
6
Microsoft
MSFT
$3.35T
| $2.15B | 2.61% |
18,769,302
+444,758
| +2% | +$48.2M |
|
7
Alibaba
BABA
$279B
| $1.81B | 2.2% |
11,010,789
+40,761
| +0.4% | +$7.21M |
|
8
Pfizer
PFE
$142B
| $1.78B | 2.17% |
42,663,528
+1,088,375
| +3% | +$41.9M |
|
|
FBGX
9
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.68B | 2.04% |
5,613,569
-82,965
| -1% | -$23.4M |
|
|
FIYY
10
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.61B | 1.95% |
15,618,636
-20,884
| -0.1% | -$2.1M |
|
|
11
Johnson & Johnson
JNJ
$617B
| $1.56B | 1.89% |
11,259,081
-1,859,523
| -14% | -$247M |
|
12
TSMC
TSM
$2.09T
| $1.55B | 1.88% |
35,141,990
+952,889
| +3% | +$39.5M |
|
13
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.53B | 1.86% |
25,421,780
+815,400
| +3% | +$49.4M |
|
|
FIHD
14
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.49B | 1.81% |
8,604,711
+583,087
| +7% | +$98.3M |
|
15
Intel
INTC
$460B
| $1.14B | 1.39% |
24,155,799
+720,022
| +3% | +$35M |
|
16
American Express
AXP
$228B
| $1.1B | 1.34% |
10,357,743
+246,871
| +2% | +$25.7M |
|
|
17
TotalEnergies
TTE
$193B
| $1.05B | 1.27% |
16,285,755
+15,759,310
| +2,994% | +$988M |
|
18
Cisco
CSCO
$448B
| $978M | 1.19% |
20,099,819
+2,129,952
| +12% | +$95.8M |
|
19
Walmart Inc
WMT
$884B
| $933M | 1.13% |
29,795,250
+970,131
| +3% | +$29.7M |
|
20
Home Depot
HD
$332B
| $921M | 1.12% |
4,446,106
+119,507
| +3% | +$24.1M |
|
|
21
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $854M | 1.04% |
10,220,202
+4,221,367
| +70% | +$354M |
|
22
Procter & Gamble
PG
$335B
| $835M | 1.01% |
10,035,519
+191,374
| +2% | +$15.7M |
|
23
SAP
SAP
$209B
| $831M | 1.01% |
6,755,713
+200,698
| +3% | +$23.8M |
|
24
UBS Group
UBS
$175B
| $756M | 0.92% |
48,054,057
+1,590,059
| +3% | +$25M |
|
25
PepsiCo
PEP
$191B
| $744M | 0.9% |
6,658,246
+161,821
| +2% | +$18.3M |
|
Similar funds
Ken Fisher's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Fisher held 943 positions worth $82.4B, up 6.9% from $77B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2018 filing shows 81 new, 327 increased, 378 reduced and 73 closed positions. Its largest new stake was Adobe: 408,693 shares worth $110M. The largest sale was Berkshire Hathaway Class B, an estimated $612M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2018 buy was Adobe: 408,693 shares worth $110M.
- Ken Fisher added most to TotalEnergies in Q3 2018, an estimated $988M increase.
- Ken Fisher's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $612M.
- Ken Fisher fully exited Cavium, Inc. in Q3 2018, selling an estimated $56.9M.
- Ken Fisher's ten largest holdings make up 27% of its $82.4B portfolio in Q3 2018.
- Ken Fisher opened 81 new positions and closed 73 in Q3 2018.
- Ken Fisher's portfolio value rose 6.9% quarter-over-quarter to $82.4B.
Based on Fisher Asset Management's 13F filing for Q3 2018, filed 24 Oct 2018.