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
|
+$274M |
| 2 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$138M |
| 3 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$69.1M |
| 4 |
Lumentum
LITE
|
+$41.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$171M |
| 2 |
Petrobras
PBR
|
+$64.7M |
| 3 |
Vale
VALE
|
+$62.7M |
| 4 |
WMGI
Wright Medical Group Inc
WMGI
|
+$61.9M |
| 5 |
HDFC Bank
HDB
|
+$57.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Financials | 13.08% |
| 3 | Healthcare | 10.74% |
| 4 | Consumer Discretionary | 8.75% |
| 5 | Energy | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $4.12B | 4.16% |
56,135,476
-30,560
| -0.1% | -$1.97M |
|
2
Visa
V
$673B
| $3.8B | 3.84% |
20,202,815
+2,081
| +0% | +$375K |
|
3
Microsoft
MSFT
$3.35T
| $3.36B | 3.4% |
21,330,698
-27,973
| -0.1% | -$4.11M |
|
4
Amazon
AMZN
$2.53T
| $3.26B | 3.3% |
35,326,760
+86,640
| +0.2% | +$7.67M |
|
5
Alibaba
BABA
$279B
| $2.8B | 2.83% |
13,180,526
-285,289
| -2% | -$53.5M |
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $2.34B | 2.36% |
25,580,831
+3,002,063
| +13% | +$274M |
|
7
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.97B | 1.99% |
29,378,580
-9,080
| -0% | -$586K |
|
8
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.94B | 1.96% |
15,171,923
-397,300
| -3% | -$50.6M |
|
|
FIHD
9
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.89B | 1.91% |
9,062,152
+356,426
| +4% | +$69.1M |
|
|
10
TSMC
TSM
$2.09T
| $1.78B | 1.8% |
30,704,743
-3,219,585
| -9% | -$171M |
|
11
Pfizer
PFE
$142B
| $1.78B | 1.8% |
47,825,432
+88,299
| +0.2% | +$3.15M |
|
|
FLGE
12
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.77B | 1.79% |
5,317,830
-139,807
| -3% | -$42.2M |
|
13
Johnson & Johnson
JNJ
$617B
| $1.76B | 1.78% |
12,097,130
+15,642
| +0.1% | +$2.12M |
|
14
American Express
AXP
$228B
| $1.71B | 1.73% |
13,760,957
+155,545
| +1% | +$18.6M |
|
15
Intel
INTC
$460B
| $1.62B | 1.63% |
27,001,363
-72,781
| -0.3% | -$4.07M |
|
16
Cisco
CSCO
$448B
| $1.46B | 1.47% |
30,367,489
-149,572
| -0.5% | -$6.95M |
|
17
Adobe
ADBE
$98.5B
| $1.36B | 1.38% |
4,128,159
+48,522
| +1% | +$14.3M |
|
18
Home Depot
HD
$332B
| $1.33B | 1.35% |
6,106,645
-28,479
| -0.5% | -$6.45M |
|
|
FBGX
19
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.31B | 1.33% |
3,937,876
-90,285
| -2% | -$27.2M |
|
20
Walmart Inc
WMT
$884B
| $1.31B | 1.32% |
33,067,245
+326,241
| +1% | +$13M |
|
|
FIYY
21
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.23B | 1.24% |
9,907,033
-225,045
| -2% | -$26M |
|
|
FRLG
22
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $1.19B | 1.2% |
8,223,201
+1,055,857
| +15% | +$138M |
|
23
Salesforce
CRM
$148B
| $1.18B | 1.19% |
7,267,179
+2,170
| +0% | +$340K |
|
24
TotalEnergies
TTE
$193B
| $1.1B | 1.11% |
19,803,588
+299,419
| +2% | +$15.8M |
|
25
SAP
SAP
$209B
| $1.03B | 1.04% |
7,654,536
+68,670
| +0.9% | +$9.03M |
|
Similar funds
Ken Fisher's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Fisher held 981 positions worth $99B, up 8.6% from $91.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q4 2019 filing shows 78 new, 256 increased, 457 reduced and 83 closed positions. Its largest new stake was Enterprise Products Partners: 584,777 shares worth $16.5M. The largest sale was TSMC, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2019 buy was Enterprise Products Partners: 584,777 shares worth $16.5M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2019, an estimated $274M increase.
- Ken Fisher's biggest Q4 2019 reduction was TSMC, cutting an estimated $171M.
- Ken Fisher fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $61.9M.
- Ken Fisher's ten largest holdings make up 28% of its $99B portfolio in Q4 2019.
- Ken Fisher opened 78 new positions and closed 83 in Q4 2019.
- Ken Fisher's portfolio value rose 8.6% quarter-over-quarter to $99B.
Based on Fisher Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.