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 |
Adobe
ADBE
|
+$312M |
| 2 |
Salesforce
CRM
|
+$299M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$263M |
| 4 |
Netflix
NFLX
|
+$250M |
| 5 |
ConocoPhillips
COP
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$755M |
| 2 |
Procter & Gamble
PG
|
+$520M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$179M |
| 4 |
Televisa
TV
|
+$119M |
| 5 |
Vanguard Industrials ETF
VIS
|
+$81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.39% |
| 2 | Financials | 12.97% |
| 3 | Healthcare | 11.55% |
| 4 | Consumer Discretionary | 8.66% |
| 5 | Energy | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Visa
V
$673B
| $2.99B | 3.51% |
19,158,668
+536,571
| +3% | +$77.3M |
|
2
Amazon
AMZN
$2.53T
| $2.97B | 3.48% |
33,369,400
+952,860
| +3% | +$79.3M |
|
3
Apple
AAPL
$4.9T
| $2.51B | 2.94% |
52,767,980
+1,702,032
| +3% | +$72.2M |
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.48B | 2.91% |
20,853,243
-413,997
| -2% | -$48M |
|
5
Microsoft
MSFT
$3.35T
| $2.36B | 2.77% |
20,043,892
+602,103
| +3% | +$65.7M |
|
6
Alibaba
BABA
$279B
| $2.11B | 2.47% |
11,540,535
+56,649
| +0.5% | +$9.53M |
|
|
FLGE
7
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.84B | 2.16% |
7,312,367
-171,104
| -2% | -$39.2M |
|
8
Pfizer
PFE
$142B
| $1.81B | 2.12% |
44,872,834
+783,267
| +2% | +$31.4M |
|
|
FIHD
9
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.76B | 2.07% |
10,299,630
+752,978
| +8% | +$121M |
|
10
Johnson & Johnson
JNJ
$617B
| $1.61B | 1.89% |
11,539,997
+202,344
| +2% | +$27.1M |
|
11
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.6B | 1.88% |
27,261,440
+816,460
| +3% | +$46.1M |
|
12
Cisco
CSCO
$448B
| $1.53B | 1.8% |
28,424,505
+1,085,931
| +4% | +$52.8M |
|
|
FIYY
13
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.49B | 1.75% |
14,607,889
-243,057
| -2% | -$23.3M |
|
14
TSMC
TSM
$2.09T
| $1.45B | 1.7% |
35,303,985
-925,518
| -3% | -$35.3M |
|
|
15
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $1.39B | 1.62% |
15,947,221
+3,103,207
| +24% | +$263M |
|
16
Intel
INTC
$460B
| $1.38B | 1.62% |
25,771,499
+812,493
| +3% | +$41.2M |
|
|
FBGX
17
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.37B | 1.6% |
5,457,566
-95,265
| -2% | -$21.7M |
|
18
American Express
AXP
$228B
| $1.2B | 1.41% |
10,971,608
+290,056
| +3% | +$30.5M |
|
19
Walmart Inc
WMT
$884B
| $1.01B | 1.19% |
31,130,961
+343,524
| +1% | +$11.1M |
|
20
TotalEnergies
TTE
$193B
| $1,000M | 1.17% |
17,963,857
+1,072,944
| +6% | +$59.7M |
|
21
Home Depot
HD
$332B
| $905M | 1.06% |
4,716,646
+133,854
| +3% | +$24.6M |
|
|
RDS.A
22
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $848M | 0.99% |
13,545,471
+847,319
| +7% | +$52.4M |
|
|
23
Salesforce
CRM
$148B
| $846M | 0.99% |
5,344,051
+1,927,911
| +56% | +$299M |
|
24
SAP
SAP
$209B
| $826M | 0.97% |
7,155,148
+229,076
| +3% | +$24.4M |
|
|
FFEU
25
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
| $808M | 0.95% |
8,943,545
+619,405
| +7% | +$51.7M |
|
Similar funds
Ken Fisher's Q1 2019 Portfolio in Review
As of Q1 2019, Ken Fisher held 944 positions worth $85.3B, up 17% from $73.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2019 filing shows 78 new, 319 increased, 366 reduced and 82 closed positions. Its largest new stake was Hess: 2,044,909 shares worth $123M. The largest sale was PepsiCo, an estimated $755M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q1 2019 buy was Hess: 2,044,909 shares worth $123M.
- Ken Fisher added most to Adobe in Q1 2019, an estimated $312M increase.
- Ken Fisher's biggest Q1 2019 reduction was PepsiCo, cutting an estimated $755M.
- Ken Fisher fully exited Televisa in Q1 2019, selling an estimated $119M.
- Ken Fisher's ten largest holdings make up 26% of its $85.3B portfolio in Q1 2019.
- Ken Fisher opened 78 new positions and closed 82 in Q1 2019.
- Ken Fisher's portfolio value rose 17% quarter-over-quarter to $85.3B.
Based on Fisher Asset Management's 13F filing for Q1 2019, filed 22 Apr 2019.