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 7-10 Year Treasury Bond ETF
IEF
|
+$1.03B |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$692M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$542M |
| 4 |
Apple
AAPL
|
+$197M |
| 5 |
Amazon
AMZN
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$853M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$225M |
| 3 |
Xtrackers USD High Yield Corporate Bond ETF
HYLB
|
+$215M |
| 4 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$153M |
| 5 |
TSMC
TSM
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.52% |
| 2 | Financials | 12.28% |
| 3 | Consumer Discretionary | 11.76% |
| 4 | Healthcare | 9.84% |
| 5 | Communication Services | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.9T
| $7.67B | 5.4% |
62,813,919
+1,538,571
| +3% | +$197M |
|
2
Microsoft
MSFT
$3.35T
| $5.66B | 3.98% |
23,989,868
+595,997
| +3% | +$138M |
|
|
3
Amazon
AMZN
$2.53T
| $5.62B | 3.96% |
36,319,460
+987,500
| +3% | +$157M |
|
4
Visa
V
$673B
| $4.84B | 3.41% |
22,860,315
+639,826
| +3% | +$135M |
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $4.19B | 2.95% |
44,987,306
+5,699,417
| +15% | +$542M |
|
6
Alphabet (Google) Class A
GOOGL
$4.08T
| $3.54B | 2.5% |
34,368,420
+959,880
| +3% | +$94.7M |
|
7
Alibaba
BABA
$279B
| $3.15B | 2.22% |
13,901,532
-44,297
| -0.3% | -$10.9M |
|
|
8
TSMC
TSM
$2.09T
| $3.15B | 2.22% |
26,640,171
-999,956
| -4% | -$124M |
|
9
Adobe
ADBE
$98.5B
| $2.85B | 2.01% |
5,997,600
+179,417
| +3% | +$83.9M |
|
10
Salesforce
CRM
$148B
| $2.74B | 1.93% |
12,952,985
+460,821
| +4% | +$103M |
|
11
PayPal
PYPL
$49.3B
| $2.69B | 1.89% |
11,064,772
+384,327
| +4% | +$97M |
|
12
ASML
ASML
$634B
| $2.45B | 1.72% |
3,960,706
+105,508
| +3% | +$58.5M |
|
13
American Express
AXP
$228B
| $2.15B | 1.51% |
15,184,174
+201,874
| +1% | +$26.7M |
|
14
Home Depot
HD
$332B
| $2.15B | 1.51% |
7,033,184
+187,160
| +3% | +$51.6M |
|
15
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.03B | 1.43% |
15,596,962
+854,403
| +6% | +$114M |
|
16
Netflix
NFLX
$305B
| $2B | 1.41% |
38,331,970
+1,354,440
| +4% | +$71.8M |
|
17
Intel
INTC
$460B
| $1.93B | 1.36% |
30,195,139
+994,605
| +3% | +$59.3M |
|
18
Walt Disney
DIS
$167B
| $1.91B | 1.34% |
10,344,169
+455,393
| +5% | +$84M |
|
19
Walmart Inc
WMT
$884B
| $1.66B | 1.17% |
36,644,430
+1,154,346
| +3% | +$53.5M |
|
20
Caterpillar
CAT
$373B
| $1.49B | 1.05% |
6,414,634
+226,607
| +4% | +$46.9M |
|
21
Mastercard
MA
$510B
| $1.47B | 1.03% |
4,120,166
+134,311
| +3% | +$46.9M |
|
22
Freeport-McMoran
FCX
$91.2B
| $1.46B | 1.03% |
44,298,584
+1,440,759
| +3% | +$46.7M |
|
23
Meta Platforms (Facebook)
META
$1.37T
| $1.4B | 0.99% |
4,751,259
+132,078
| +3% | +$35.6M |
|
24
Costco
COST
$423B
| $1.28B | 0.9% |
3,631,479
+100,779
| +3% | +$35.1M |
|
|
SI
25
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $1.13B | 0.8% |
13,723,542
-216,922
| -2% | -$17.8M |
|
Similar funds
Ken Fisher's Q1 2021 Portfolio in Review
As of Q1 2021, Ken Fisher held 1,105 positions worth $142B, up 6.4% from $133B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher's Q1 2021 filing shows 95 new, 327 increased, 470 reduced and 106 closed positions. Its largest new stake was iShares 7-10 Year Treasury Bond ETF: 8,801,434 shares worth $994M. The largest sale was iShares MBS ETF, an estimated $853M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
- Ken Fisher's largest Q1 2021 buy was iShares 7-10 Year Treasury Bond ETF: 8,801,434 shares worth $994M.
- Ken Fisher added most to State Street SPDR Portfolio Long Term Treasury ETF in Q1 2021, an estimated $692M increase.
- Ken Fisher's biggest Q1 2021 reduction was iShares MBS ETF, cutting an estimated $853M.
- Ken Fisher fully exited Mid-America Apartment Communities in Q1 2021, selling an estimated $38.3M.
- Ken Fisher's ten largest holdings make up 31% of its $142B portfolio in Q1 2021.
- Ken Fisher opened 95 new positions and closed 106 in Q1 2021.
- Ken Fisher's portfolio value rose 6.4% quarter-over-quarter to $142B.
Based on Fisher Asset Management's 13F filing for Q1 2021, filed 27 Apr 2021.