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
|
+$821M |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$568M |
| 3 |
Advanced Micro Devices
AMD
|
+$428M |
| 4 |
XYZ
Block Inc
XYZ
|
+$419M |
| 5 |
VanEck Semiconductor ETF
SMH
|
+$333M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$683M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$488M |
| 3 |
Marvell Technology
MRVL
|
+$420M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$375M |
| 5 |
PayPal
PYPL
|
+$326M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.02% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.27% |
| 4 | Consumer Discretionary | 8.74% |
| 5 | Industrials | 6.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Boston Beer
SAM
$1.88B
| $45.8M | 0.03% |
139,013
-2,343
| -2% | -$850K |
|
227
Global Payments
GPN
$24B
| $45.8M | 0.03% |
460,899
-51,929
| -10% | -$5.41M |
|
|
VRNT
228
DELISTED
Verint Systems
VRNT
| $45.8M | 0.03% |
1,261,076
-18,496
| -1% | -$667K |
|
229
Macerich
MAC
$6.66B
| $45.3M | 0.03% |
+4,023,537
| New | +$45.4M |
|
230
Texas Instruments
TXN
$254B
| $45.2M | 0.03% |
273,623
-305,437
| -53% | -$50.9M |
|
231
Webster Financial
WBS
$12.8B
| $44.4M | 0.03% |
937,680
-45,375
| -5% | -$2.27M |
|
232
Diageo
DEO
$51.6B
| $44.4M | 0.03% |
249,103
+17
| +0% | +$2.98K |
|
233
Cisco
CSCO
$476B
| $44.1M | 0.03% |
926,187
-191,293
| -17% | -$8.71M |
|
234
Sally Beauty Holdings
SBH
$1.51B
| $43.7M | 0.03% |
3,491,615
-61,774
| -2% | -$759K |
|
|
DVAX
235
DELISTED
Dynavax Technologies
DVAX
| $43.5M | 0.03% |
4,083,689
-134,346
| -3% | -$1.56M |
|
236
Adient
ADNT
$1.48B
| $43.4M | 0.03% |
1,251,931
+280,732
| +29% | +$9.82M |
|
237
MKS Inc
MKSI
$19.7B
| $43.2M | 0.03% |
510,189
+4,821
| +1% | +$386K |
|
238
Chemed
CHE
$7.18B
| $42.6M | 0.03% |
83,508
-28,782
| -26% | -$14M |
|
239
Goodyear
GT
$1.94B
| $42.2M | 0.03% |
4,155,285
+1,349,175
| +48% | +$14.7M |
|
240
Occidental Petroleum
OXY
$55.7B
| $42.2M | 0.03% |
669,372
-103,888
| -13% | -$7.07M |
|
|
NEX
241
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $41.1M | 0.03% |
4,447,068
+138,928
| +3% | +$1.36M |
|
242
HEICO Corp
HEI
$50.8B
| $41.1M | 0.03% |
267,242
-162,779
| -38% | -$25.3M |
|
243
Evercore
EVR
$12B
| $40.5M | 0.03% |
371,735
+313,463
| +538% | +$32.7M |
|
244
Independence Realty Trust
IRT
$4B
| $40.5M | 0.03% |
+2,404,700
| New | +$40.7M |
|
245
Ziff Davis
ZD
$1.88B
| $40M | 0.03% |
505,100
+335,267
| +197% | +$27M |
|
246
First American
FAF
$7.67B
| $39.8M | 0.03% |
759,600
-34,615
| -4% | -$1.75M |
|
247
KB Financial Group
KB
$42.6B
| $39M | 0.03% |
1,008,462
+75
| +0% | +$2.71K |
|
248
RLJ Lodging Trust
RLJ
$1.81B
| $38.9M | 0.03% |
3,673,399
+1,453,713
| +65% | +$16.5M |
|
249
Honeywell
HON
$76.3B
| $38.3M | 0.03% |
189,662
+29,149
| +18% | +$5.57M |
|
250
Lumentum
LITE
$65.2B
| $37.8M | 0.03% |
725,493
-14,549
| -2% | -$894K |
|
Similar funds
Ken Fisher's Q4 2022 Portfolio in Review
As of Q4 2022, Ken Fisher held 1,228 positions worth $148B, up 11% from $133B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q4 2022 filing shows 150 new, 438 increased, 394 reduced and 203 closed positions. Its largest new stake was Macerich: 4,023,537 shares worth $45.3M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $683M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2022 buy was Macerich: 4,023,537 shares worth $45.3M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2022, an estimated $821M increase.
- Ken Fisher's biggest Q4 2022 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $683M.
- Ken Fisher fully exited Fair Isaac in Q4 2022, selling an estimated $35.3M.
- Ken Fisher's ten largest holdings make up 26% of its $148B portfolio in Q4 2022.
- Ken Fisher opened 150 new positions and closed 203 in Q4 2022.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $148B.
Based on Fisher Asset Management's 13F filing for Q4 2022, filed 3 Feb 2023.