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 |
iShares MSCI Europe Financials ETF
EUFN
|
+$427M |
| 2 |
iShares Global Energy ETF
IXC
|
+$357M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$322M |
| 4 |
iShares MSCI Spain ETF
EWP
|
+$194M |
| 5 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$208M |
| 2 |
ING
ING
|
+$123M |
| 3 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$90.3M |
| 4 |
Banco Santander
SAN
|
+$82.1M |
| 5 |
Freeport-McMoran
FCX
|
+$57.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.57% |
| 2 | Financials | 12.78% |
| 3 | Healthcare | 11.18% |
| 4 | Consumer Discretionary | 8.38% |
| 5 | Energy | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Visa
V
$673B
| $3.43B | 3.8% |
19,780,743
+622,075
| +3% | +$102M |
|
2
Amazon
AMZN
$2.53T
| $3.26B | 3.6% |
34,432,040
+1,062,640
| +3% | +$99M |
|
3
Microsoft
MSFT
$3.35T
| $2.79B | 3.08% |
20,822,243
+778,351
| +4% | +$98.8M |
|
4
Apple
AAPL
$4.9T
| $2.72B | 3.01% |
54,954,368
+2,186,388
| +4% | +$107M |
|
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.57B | 2.84% |
20,629,744
-223,499
| -1% | -$26.8M |
|
|
FIHD
6
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.99B | 2.2% |
11,054,607
+754,977
| +7% | +$131M |
|
7
Alibaba
BABA
$279B
| $1.96B | 2.16% |
11,555,309
+14,774
| +0.1% | +$2.55M |
|
|
FLGE
8
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.95B | 2.15% |
7,171,882
-140,485
| -2% | -$36.7M |
|
9
Pfizer
PFE
$142B
| $1.91B | 2.11% |
46,516,447
+1,643,613
| +4% | +$65.3M |
|
|
10
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $1.76B | 1.95% |
19,632,084
+3,684,863
| +23% | +$322M |
|
11
Johnson & Johnson
JNJ
$617B
| $1.65B | 1.82% |
11,841,121
+301,124
| +3% | +$41.7M |
|
12
Cisco
CSCO
$448B
| $1.62B | 1.8% |
29,677,761
+1,253,256
| +4% | +$69.2M |
|
|
FIYY
13
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.55B | 1.71% |
14,416,748
-191,141
| -1% | -$19.7M |
|
14
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.54B | 1.7% |
28,482,020
+1,220,580
| +4% | +$70.7M |
|
|
FBGX
15
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.46B | 1.62% |
5,383,907
-73,659
| -1% | -$19.2M |
|
16
American Express
AXP
$228B
| $1.4B | 1.55% |
11,352,692
+381,084
| +3% | +$44.8M |
|
17
TSMC
TSM
$2.09T
| $1.36B | 1.5% |
34,715,115
-588,870
| -2% | -$24.2M |
|
18
Intel
INTC
$460B
| $1.27B | 1.41% |
26,557,167
+785,668
| +3% | +$39M |
|
19
Walmart Inc
WMT
$884B
| $1.17B | 1.3% |
31,886,760
+755,799
| +2% | +$26M |
|
20
SAP
SAP
$209B
| $1.01B | 1.12% |
7,412,071
+256,923
| +4% | +$32M |
|
21
Home Depot
HD
$332B
| $1.01B | 1.12% |
4,854,657
+138,011
| +3% | +$27.5M |
|
|
FFEU
22
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
| $940M | 1.04% |
9,545,559
+602,014
| +7% | +$56.1M |
|
23
Adobe
ADBE
$98.5B
| $915M | 1.01% |
3,106,820
+240,339
| +8% | +$66.7M |
|
|
FRLG
24
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $907M | 1% |
7,712,699
+1,704,038
| +28% | +$193M |
|
|
RDS.A
25
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $902M | 1% |
13,856,031
+310,560
| +2% | +$19.9M |
|
Similar funds
Ken Fisher's Q2 2019 Portfolio in Review
As of Q2 2019, Ken Fisher held 967 positions worth $90.5B, up 6% from $85.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q2 2019 filing shows 105 new, 388 increased, 294 reduced and 65 closed positions. Its largest new stake was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M. The largest sale was TotalEnergies, an estimated $208M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q2 2019 buy was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M.
- Ken Fisher added most to iShares MSCI Europe Financials ETF in Q2 2019, an estimated $427M increase.
- Ken Fisher's biggest Q2 2019 reduction was TotalEnergies, cutting an estimated $208M.
- Ken Fisher fully exited Rowan Companies Plc in Q2 2019, selling an estimated $10.6M.
- Ken Fisher's ten largest holdings make up 27% of its $90.5B portfolio in Q2 2019.
- Ken Fisher opened 105 new positions and closed 65 in Q2 2019.
- Ken Fisher's portfolio value rose 6% quarter-over-quarter to $90.5B.
Based on Fisher Asset Management's 13F filing for Q2 2019, filed 30 Jul 2019.