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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Macerich
MAC
$6.66B
| $46.5M | 0.02% |
3,013,808
-704,163
| -19% | -$8.39M |
|
227
Delek US
DK
$3.6B
| $46.5M | 0.02% |
1,801,015
-219,746
| -11% | -$5.81M |
|
228
Shopify
SHOP
$191B
| $45.9M | 0.02% |
589,163
+1,618
| +0.3% | +$103K |
|
|
MRO
229
DELISTED
Marathon Oil Corporation
MRO
| $45.1M | 0.02% |
1,865,033
+16,300
| +0.9% | +$420K |
|
230
Paycom
PAYC
$10.1B
| $44.9M | 0.02% |
217,117
+3,760
| +2% | +$795K |
|
231
Eaton
ETN
$174B
| $44.9M | 0.02% |
186,307
+5,973
| +3% | +$1.32M |
|
232
American Eagle Outfitters
AEO
$2.97B
| $44.8M | 0.02% |
2,115,951
-235,890
| -10% | -$4.4M |
|
233
Cytokinetics
CYTK
$11B
| $44.8M | 0.02% |
+536,046
| New | +$19.4M |
|
234
Charles River Laboratories
CRL
$12.8B
| $44.1M | 0.02% |
186,426
-2,274
| -1% | -$447K |
|
235
Xylem
XYL
$28.2B
| $43.4M | 0.02% |
379,174
+27,718
| +8% | +$2.77M |
|
236
APi Group
APG
$17.8B
| $42.8M | 0.02% |
1,854,243
-155,099
| -8% | -$2.99M |
|
237
iShares Core MSCI Europe ETF
IEUR
$9.08B
| $42.3M | 0.02% |
769,333
-63,121
| -8% | -$3.23M |
|
238
Columbia Banking Systems
COLB
$8.78B
| $41.9M | 0.02% |
1,571,823
-356,351
| -18% | -$7.92M |
|
239
iShares MBS ETF
MBB
$39B
| $41.8M | 0.02% |
444,210
+12,747
| +3% | +$1.14M |
|
240
Glacier Bancorp
GBCI
$6.32B
| $41.8M | 0.02% |
1,011,176
-239,296
| -19% | -$8.15M |
|
241
Murphy Oil
MUR
$4.74B
| $40.1M | 0.02% |
940,763
-51,213
| -5% | -$2.24M |
|
242
UMB Financial
UMBF
$11B
| $40.1M | 0.02% |
479,705
-114,063
| -19% | -$8.02M |
|
243
HubSpot
HUBS
$10.4B
| $38.3M | 0.02% |
65,956
-2,612
| -4% | -$1.26M |
|
|
ENV
244
DELISTED
ENVESTNET, INC.
ENV
| $37.7M | 0.02% |
760,478
-116,849
| -13% | -$4.78M |
|
245
Boston Beer
SAM
$1.88B
| $37.5M | 0.02% |
108,506
-14,659
| -12% | -$5.14M |
|
|
AZPN
246
DELISTED
Aspen Technology Inc
AZPN
| $37.5M | 0.02% |
170,192
-32,586
| -16% | -$6.27M |
|
247
Adient
ADNT
$1.48B
| $37.2M | 0.02% |
1,022,866
-214,381
| -17% | -$7.36M |
|
248
Range Resources
RRC
$9.01B
| $37M | 0.02% |
1,214,847
-276,718
| -19% | -$9.08M |
|
249
Intel
INTC
$503B
| $37M | 0.02% |
735,741
-32,468
| -4% | -$1.32M |
|
|
CALY
250
Callaway Golf Company
CALY
$3.1B
| $37M | 0.02% |
2,577,768
-432,322
| -14% | -$5.55M |
|
Similar funds
Ken Fisher's Q4 2023 Portfolio in Review
As of Q4 2023, Ken Fisher held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Ken Fisher opened a new position in Veralto worth $93.6M.
- Ken Fisher's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Ken Fisher added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Ken Fisher's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Ken Fisher fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Ken Fisher's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Ken Fisher opened 101 new positions and closed 288 in Q4 2023.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.