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 |
Mastercard
MA
|
+$915M |
| 2 |
Meta Platforms (Facebook)
META
|
+$693M |
| 3 |
Salesforce
CRM
|
+$618M |
| 4 |
Walt Disney
DIS
|
+$559M |
| 5 |
Nike
NKE
|
+$545M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$1.51B |
| 2 |
Pfizer
PFE
|
+$1.43B |
| 3 |
UBS Group
UBS
|
+$588M |
| 4 |
HSBC
HSBC
|
+$537M |
| 5 |
Procter & Gamble
PG
|
+$439M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.07% |
| 2 | Consumer Discretionary | 10.99% |
| 3 | Financials | 10.93% |
| 4 | Healthcare | 10.39% |
| 5 | Communication Services | 6.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $3.56B | 4.42% |
56,065,052
-70,424
| -0.1% | -$5.18M |
|
2
Microsoft
MSFT
$3.35T
| $3.38B | 4.2% |
21,456,344
+125,646
| +0.6% | +$20.7M |
|
3
Visa
V
$673B
| $3.27B | 4.06% |
20,319,088
+116,273
| +0.6% | +$21.9M |
|
4
Amazon
AMZN
$2.53T
| $3.16B | 3.92% |
32,386,280
-2,940,480
| -8% | -$285M |
|
5
Alibaba
BABA
$279B
| $2.58B | 3.2% |
13,264,349
+83,823
| +0.6% | +$17.5M |
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $2.43B | 3.02% |
27,958,469
+2,377,638
| +9% | +$216M |
|
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.84B | 2.28% |
14,892,227
-279,696
| -2% | -$35.6M |
|
8
Alphabet (Google) Class A
GOOGL
$4.08T
| $1.74B | 2.15% |
29,889,020
+510,440
| +2% | +$34.6M |
|
9
Adobe
ADBE
$98.5B
| $1.63B | 2.03% |
5,131,883
+1,003,724
| +24% | +$343M |
|
|
10
Salesforce
CRM
$148B
| $1.57B | 1.94% |
10,873,498
+3,606,319
| +50% | +$618M |
|
11
Intel
INTC
$460B
| $1.5B | 1.87% |
27,801,984
+800,621
| +3% | +$47.4M |
|
12
TSMC
TSM
$2.09T
| $1.42B | 1.76% |
29,674,267
-1,030,476
| -3% | -$56.4M |
|
13
Walmart Inc
WMT
$884B
| $1.22B | 1.51% |
32,242,716
-824,529
| -2% | -$31.7M |
|
14
Netflix
NFLX
$305B
| $1.22B | 1.51% |
32,448,540
+10,407,800
| +47% | +$368M |
|
15
American Express
AXP
$228B
| $1.2B | 1.49% |
14,039,112
+278,155
| +2% | +$32.4M |
|
|
FLGE
16
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.17B | 1.46% |
5,168,082
-149,748
| -3% | -$47.5M |
|
17
Home Depot
HD
$332B
| $1.16B | 1.44% |
6,207,713
+101,068
| +2% | +$22.2M |
|
|
FIHD
18
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.08B | 1.34% |
9,364,815
+302,663
| +3% | +$52.5M |
|
|
NVO
19
Novo Nordisk
NVO
$228B
| $923M | 1.14% |
30,650,110
+473,726
| +2% | +$14.1M |
|
|
FRLG
20
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $912M | 1.13% |
9,175,475
+952,274
| +12% | +$131M |
|
21
ASML
ASML
$634B
| $904M | 1.12% |
3,453,577
+922,387
| +36% | +$262M |
|
|
FBGX
22
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $886M | 1.1% |
3,827,365
-110,511
| -3% | -$35.2M |
|
23
Costco
COST
$423B
| $877M | 1.09% |
3,076,039
+37,808
| +1% | +$11.5M |
|
|
24
Mastercard
MA
$510B
| $860M | 1.07% |
3,560,005
+3,077,542
| +638% | +$915M |
|
25
SAP
SAP
$209B
| $854M | 1.06% |
7,728,385
+73,849
| +1% | +$9.31M |
|
Similar funds
Ken Fisher's Q1 2020 Portfolio in Review
As of Q1 2020, Ken Fisher held 982 positions worth $80.6B, down 19% from $99B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher's Q1 2020 filing shows 84 new, 262 increased, 421 reduced and 116 closed positions. Its largest new stake was Advanced Micro Devices: 7,132,669 shares worth $324M. The largest sale was Johnson & Johnson, an estimated $1.51B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q1 2020 buy was Advanced Micro Devices: 7,132,669 shares worth $324M.
- Ken Fisher added most to Mastercard in Q1 2020, an estimated $915M increase.
- Ken Fisher's biggest Q1 2020 reduction was Johnson & Johnson, cutting an estimated $1.51B.
- Ken Fisher fully exited Ambev in Q1 2020, selling an estimated $89.9M.
- Ken Fisher's ten largest holdings make up 31% of its $80.6B portfolio in Q1 2020.
- Ken Fisher opened 84 new positions and closed 116 in Q1 2020.
- Ken Fisher's portfolio value fell 19% quarter-over-quarter to $80.6B.
Based on Fisher Asset Management's 13F filing for Q1 2020, filed 28 Apr 2020.