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 |
NextEra Energy
NEE
|
+$703M |
| 2 |
UnitedHealth
UNH
|
+$671M |
| 3 |
3M
MMM
|
+$660M |
| 4 |
Walt Disney
DIS
|
+$506M |
| 5 |
Toyota
TM
|
+$476M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.39% |
| 2 | Consumer Discretionary | 12.64% |
| 3 | Financials | 11.77% |
| 4 | Healthcare | 10.94% |
| 5 | Communication Services | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $5.22B | 5.1% |
57,247,520
+1,182,468
| +2% | +$91.6M |
|
2
Amazon
AMZN
$2.53T
| $4.55B | 4.44% |
33,006,580
+620,300
| +2% | +$74.9M |
|
3
Microsoft
MSFT
$3.35T
| $4.45B | 4.34% |
21,853,102
+396,758
| +2% | +$72M |
|
4
Visa
V
$673B
| $4.05B | 3.96% |
20,979,235
+660,147
| +3% | +$121M |
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $3B | 2.92% |
31,497,520
+3,539,051
| +13% | +$326M |
|
6
Alibaba
BABA
$279B
| $2.92B | 2.85% |
13,549,626
+285,277
| +2% | +$59.4M |
|
7
Adobe
ADBE
$98.5B
| $2.33B | 2.27% |
5,344,469
+212,586
| +4% | +$78.8M |
|
8
Alphabet (Google) Class A
GOOGL
$4.08T
| $2.17B | 2.12% |
30,642,800
+753,780
| +3% | +$50.8M |
|
9
Salesforce
CRM
$148B
| $2.16B | 2.1% |
11,506,350
+632,852
| +6% | +$107M |
|
10
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.98B | 1.93% |
14,720,318
-171,909
| -1% | -$22.4M |
|
11
Intel
INTC
$460B
| $1.72B | 1.67% |
28,665,401
+863,417
| +3% | +$51.6M |
|
12
PayPal
PYPL
$49.3B
| $1.7B | 1.66% |
9,744,668
+2,741,321
| +39% | +$379M |
|
13
TSMC
TSM
$2.09T
| $1.67B | 1.63% |
29,499,743
-174,524
| -0.6% | -$9.2M |
|
14
Home Depot
HD
$332B
| $1.6B | 1.56% |
6,391,543
+183,830
| +3% | +$42.1M |
|
15
Netflix
NFLX
$305B
| $1.55B | 1.51% |
34,062,490
+1,613,950
| +5% | +$68.7M |
|
16
American Express
AXP
$228B
| $1.39B | 1.36% |
14,608,262
+569,150
| +4% | +$52.4M |
|
17
Walmart Inc
WMT
$884B
| $1.32B | 1.29% |
33,129,471
+886,755
| +3% | +$36.5M |
|
18
ASML
ASML
$634B
| $1.3B | 1.27% |
3,545,831
+92,254
| +3% | +$29M |
|
19
Mastercard
MA
$510B
| $1.15B | 1.12% |
3,895,062
+335,057
| +9% | +$94.5M |
|
20
SAP
SAP
$209B
| $1.11B | 1.08% |
7,938,340
+209,955
| +3% | +$25.9M |
|
|
NVO
21
Novo Nordisk
NVO
$228B
| $1.01B | 0.99% |
30,965,664
+315,554
| +1% | +$10.1M |
|
|
22
Walt Disney
DIS
$167B
| $1.01B | 0.99% |
9,086,531
+4,581,961
| +102% | +$506M |
|
23
Costco
COST
$423B
| $995M | 0.97% |
3,282,895
+206,856
| +7% | +$62.9M |
|
24
Cisco
CSCO
$448B
| $953M | 0.93% |
20,441,192
-528,300
| -3% | -$23.2M |
|
25
Meta Platforms (Facebook)
META
$1.37T
| $940M | 0.92% |
4,139,683
+287,288
| +7% | +$60M |
|
Similar funds
Ken Fisher's Q2 2020 Portfolio in Review
As of Q2 2020, Ken Fisher held 986 positions worth $102B, up 27% from $80.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher's Q2 2020 filing shows 120 new, 322 increased, 361 reduced and 84 closed positions. Its largest new stake was American Tower: 1,761,637 shares worth $455M. The largest sale was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, an estimated $1.55B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q2 2020 buy was American Tower: 1,761,637 shares worth $455M.
- Ken Fisher added most to NextEra Energy in Q2 2020, an estimated $703M increase.
- Ken Fisher's biggest Q2 2020 reduction was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, cutting an estimated $1.55B.
- Ken Fisher fully exited Weibo in Q2 2020, selling an estimated $116M.
- Ken Fisher's ten largest holdings make up 32% of its $102B portfolio in Q2 2020.
- Ken Fisher opened 120 new positions and closed 84 in Q2 2020.
- Ken Fisher's portfolio value rose 27% quarter-over-quarter to $102B.
Based on Fisher Asset Management's 13F filing for Q2 2020, filed 7 Aug 2020.