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 |
Caterpillar
CAT
|
+$675M |
| 2 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$559M |
| 3 |
PayPal
PYPL
|
+$417M |
| 4 |
Netflix
NFLX
|
+$408M |
| 5 |
Alibaba
BABA
|
+$328M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.01% |
| 2 | Financials | 13.51% |
| 3 | Healthcare | 10.94% |
| 4 | Consumer Discretionary | 8.78% |
| 5 | Energy | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Visa
V
$673B
| $3.47B | 3.81% |
20,200,734
+419,991
| +2% | +$74.8M |
|
2
Apple
AAPL
$4.9T
| $3.14B | 3.45% |
56,166,036
+1,211,668
| +2% | +$63.3M |
|
3
Amazon
AMZN
$2.53T
| $3.06B | 3.36% |
35,240,120
+808,080
| +2% | +$74.9M |
|
4
Microsoft
MSFT
$3.35T
| $2.97B | 3.26% |
21,358,671
+536,428
| +3% | +$73.8M |
|
|
5
Alibaba
BABA
$279B
| $2.25B | 2.47% |
13,465,815
+1,910,506
| +17% | +$328M |
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $2.06B | 2.26% |
22,578,768
+2,946,684
| +15% | +$267M |
|
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.98B | 2.18% |
15,569,223
-5,060,521
| -25% | -$637M |
|
8
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.79B | 1.97% |
29,387,660
+905,640
| +3% | +$53.6M |
|
9
Pfizer
PFE
$142B
| $1.63B | 1.79% |
47,737,133
+1,220,686
| +3% | +$44.4M |
|
10
American Express
AXP
$228B
| $1.61B | 1.77% |
13,605,412
+2,252,720
| +20% | +$276M |
|
|
FIHD
11
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.6B | 1.75% |
8,705,726
-2,348,881
| -21% | -$415M |
|
12
TSMC
TSM
$2.09T
| $1.58B | 1.73% |
33,924,328
-790,787
| -2% | -$33.7M |
|
13
Johnson & Johnson
JNJ
$617B
| $1.56B | 1.72% |
12,081,488
+240,367
| +2% | +$31.7M |
|
|
FLGE
14
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.51B | 1.66% |
5,457,637
-1,714,245
| -24% | -$479M |
|
15
Cisco
CSCO
$448B
| $1.51B | 1.65% |
30,517,061
+839,300
| +3% | +$43.6M |
|
16
Home Depot
HD
$332B
| $1.42B | 1.56% |
6,135,124
+1,280,467
| +26% | +$280M |
|
17
Intel
INTC
$460B
| $1.4B | 1.53% |
27,074,144
+516,977
| +2% | +$25.4M |
|
18
Walmart Inc
WMT
$884B
| $1.3B | 1.42% |
32,741,004
+854,244
| +3% | +$32.2M |
|
19
Adobe
ADBE
$98.5B
| $1.13B | 1.24% |
4,079,637
+972,817
| +31% | +$284M |
|
|
FBGX
20
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.12B | 1.23% |
4,028,161
-1,355,746
| -25% | -$379M |
|
|
FIYY
21
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.1B | 1.21% |
10,132,078
-4,284,670
| -30% | -$451M |
|
22
Salesforce
CRM
$148B
| $1.08B | 1.18% |
7,265,009
+1,646,325
| +29% | +$250M |
|
23
TotalEnergies
TTE
$193B
| $1.01B | 1.11% |
19,504,169
+5,351,860
| +38% | +$278M |
|
24
SAP
SAP
$209B
| $894M | 0.98% |
7,585,866
+173,795
| +2% | +$21.5M |
|
25
Oracle
ORCL
$367B
| $886M | 0.97% |
16,092,964
+525,562
| +3% | +$29M |
|
Similar funds
Ken Fisher's Q3 2019 Portfolio in Review
As of Q3 2019, Ken Fisher held 980 positions worth $91.1B, up 0.75% from $90.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q3 2019 filing shows 78 new, 345 increased, 343 reduced and 77 closed positions. Its largest new stake was Global Payments: 199,149 shares worth $31.7M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, an estimated $881M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2019 buy was Global Payments: 199,149 shares worth $31.7M.
- Ken Fisher added most to Caterpillar in Q3 2019, an estimated $675M increase.
- Ken Fisher's biggest Q3 2019 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, cutting an estimated $881M.
- Ken Fisher fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $53.8M.
- Ken Fisher's ten largest holdings make up 26% of its $91.1B portfolio in Q3 2019.
- Ken Fisher opened 78 new positions and closed 77 in Q3 2019.
- Ken Fisher's portfolio value rose 0.75% quarter-over-quarter to $91.1B.
Based on Fisher Asset Management's 13F filing for Q3 2019, filed 29 Oct 2019.