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 Global Energy ETF
IXC
|
+$385M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$360M |
| 3 |
iShares MSCI Europe Financials ETF
EUFN
|
+$250M |
| 4 |
Apple
AAPL
|
+$158M |
| 5 |
Amazon
AMZN
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$170M |
| 2 |
TSMC
TSM
|
+$151M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$129M |
| 4 |
CLGX
Corelogic, Inc.
CLGX
|
+$99.1M |
| 5 |
ING
ING
|
+$95.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.41% |
| 2 | Consumer Discretionary | 13.75% |
| 3 | Financials | 11.06% |
| 4 | Healthcare | 10.73% |
| 5 | Communication Services | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.9T
| $6.8B | 5.95% |
58,694,648
+1,447,128
| +3% | +$158M |
|
|
2
Amazon
AMZN
$2.53T
| $5.33B | 4.67% |
33,873,100
+866,520
| +3% | +$137M |
|
3
Microsoft
MSFT
$3.35T
| $4.7B | 4.12% |
22,367,105
+514,003
| +2% | +$108M |
|
4
Visa
V
$673B
| $4.31B | 3.77% |
21,537,748
+558,513
| +3% | +$112M |
|
5
Alibaba
BABA
$279B
| $3.97B | 3.47% |
13,495,276
-54,350
| -0.4% | -$14.3M |
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $3.38B | 2.96% |
35,245,326
+3,747,806
| +12% | +$360M |
|
7
Salesforce
CRM
$148B
| $2.99B | 2.62% |
11,892,437
+386,087
| +3% | +$84.5M |
|
8
Adobe
ADBE
$98.5B
| $2.72B | 2.38% |
5,539,674
+195,205
| +4% | +$90.8M |
|
9
Alphabet (Google) Class A
GOOGL
$4.08T
| $2.32B | 2.03% |
31,646,960
+1,004,160
| +3% | +$76.5M |
|
|
10
TSMC
TSM
$2.09T
| $2.23B | 1.95% |
27,509,549
-1,990,194
| -7% | -$151M |
|
11
PayPal
PYPL
$49.3B
| $1.99B | 1.75% |
10,119,694
+375,026
| +4% | +$70.6M |
|
12
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.99B | 1.74% |
14,756,076
+35,758
| +0.2% | +$4.88M |
|
13
Home Depot
HD
$332B
| $1.82B | 1.59% |
6,556,701
+165,158
| +3% | +$44.7M |
|
14
Netflix
NFLX
$305B
| $1.77B | 1.55% |
35,315,460
+1,252,970
| +4% | +$62.4M |
|
15
Walmart Inc
WMT
$884B
| $1.59B | 1.39% |
33,996,759
+867,288
| +3% | +$38.6M |
|
16
Intel
INTC
$460B
| $1.47B | 1.28% |
28,302,744
-362,657
| -1% | -$18.9M |
|
17
American Express
AXP
$228B
| $1.46B | 1.28% |
14,604,429
-3,833
| -0% | -$377K |
|
18
ASML
ASML
$634B
| $1.35B | 1.18% |
3,649,095
+103,264
| +3% | +$38.6M |
|
19
SAP
SAP
$209B
| $1.27B | 1.11% |
8,122,423
+184,083
| +2% | +$29.2M |
|
20
Mastercard
MA
$510B
| $1.24B | 1.08% |
3,663,875
-231,187
| -6% | -$75.2M |
|
21
Costco
COST
$423B
| $1.2B | 1.05% |
3,391,071
+108,176
| +3% | +$36.4M |
|
22
Walt Disney
DIS
$167B
| $1.18B | 1.03% |
9,496,711
+410,180
| +5% | +$51.3M |
|
23
Meta Platforms (Facebook)
META
$1.37T
| $1.13B | 0.99% |
4,299,819
+160,136
| +4% | +$41.3M |
|
|
NVO
24
Novo Nordisk
NVO
$228B
| $1.09B | 0.95% |
31,406,652
+440,988
| +1% | +$14.7M |
|
25
AstraZeneca
AZN
$266B
| $950M | 0.83% |
8,671,340
+207,867
| +2% | +$23.1M |
|
Similar funds
Ken Fisher's Q3 2020 Portfolio in Review
As of Q3 2020, Ken Fisher held 1,002 positions worth $114B, up 12% from $102B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher's Q3 2020 filing shows 100 new, 334 increased, 405 reduced and 62 closed positions. Its largest new stake was Sally Beauty Holdings: 2,219,976 shares worth $19.3M. The largest sale was TotalEnergies, an estimated $170M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Financials.
- Ken Fisher's largest Q3 2020 buy was Sally Beauty Holdings: 2,219,976 shares worth $19.3M.
- Ken Fisher added most to iShares Global Energy ETF in Q3 2020, an estimated $385M increase.
- Ken Fisher's biggest Q3 2020 reduction was TotalEnergies, cutting an estimated $170M.
- Ken Fisher fully exited Corelogic, Inc. in Q3 2020, selling an estimated $99.1M.
- Ken Fisher's ten largest holdings make up 34% of its $114B portfolio in Q3 2020.
- Ken Fisher opened 100 new positions and closed 62 in Q3 2020.
- Ken Fisher's portfolio value rose 12% quarter-over-quarter to $114B.
Based on Fisher Asset Management's 13F filing for Q3 2020, filed 10 Nov 2020.