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 | |
|---|---|---|---|---|---|---|
251
Medpace
MEDP
$16.3B
| $36.8M | 0.02% |
120,098
-3,008
| -2% | -$812K |
|
252
D.R. Horton
DHI
$40.8B
| $36.8M | 0.02% |
242,192
+956
| +0.4% | +$118K |
|
253
Texas Instruments
TXN
$254B
| $36.5M | 0.02% |
214,287
+5,934
| +3% | +$919K |
|
254
ATI
ATI
$30.5B
| $36.5M | 0.02% |
802,671
-148,252
| -16% | -$6.16M |
|
255
Builders FirstSource
BLDR
$7.8B
| $36.5M | 0.02% |
218,374
-8,003
| -4% | -$1.06M |
|
256
First American
FAF
$7.67B
| $36.2M | 0.02% |
561,640
-145,549
| -21% | -$8.3M |
|
257
SLB Ltd
SLB
$76.5B
| $35.9M | 0.02% |
689,131
-86,335
| -11% | -$4.69M |
|
258
Sally Beauty Holdings
SBH
$1.51B
| $35.9M | 0.02% |
2,700,386
-454,351
| -14% | -$4.4M |
|
259
Occidental Petroleum
OXY
$55.7B
| $35.8M | 0.02% |
600,217
+7,560
| +1% | +$461K |
|
260
RLJ Lodging Trust
RLJ
$1.81B
| $35.8M | 0.02% |
3,057,516
-590,158
| -16% | -$6.13M |
|
261
Ovintiv
OVV
$16.6B
| $35.8M | 0.02% |
814,879
-209,954
| -20% | -$9.58M |
|
262
Webster Financial
WBS
$12.8B
| $35.3M | 0.02% |
694,451
-175,358
| -20% | -$7.58M |
|
263
Cisco
CSCO
$476B
| $34.7M | 0.02% |
687,513
-12,338
| -2% | -$630K |
|
264
Diageo
DEO
$51.6B
| $34.2M | 0.02% |
234,892
-582
| -0.2% | -$85.9K |
|
265
Honeywell
HON
$76.3B
| $34.1M | 0.02% |
172,721
-1,565
| -0.9% | -$282K |
|
266
Acuity Brands
AYI
$10.7B
| $33.1M | 0.02% |
161,540
-13,530
| -8% | -$2.44M |
|
267
EnerSys
ENS
$6.83B
| $32.7M | 0.02% |
323,983
-99,030
| -23% | -$9.11M |
|
268
Dana Inc
DAN
$2.94B
| $32.3M | 0.02% |
2,213,972
-439,351
| -17% | -$5.83M |
|
269
Matador Resources
MTDR
$6.04B
| $31.8M | 0.02% |
558,911
-20,729
| -4% | -$1.21M |
|
270
Simpson Manufacturing
SSD
$7.96B
| $31.6M | 0.02% |
159,373
-8,867
| -5% | -$1.41M |
|
271
Ziff Davis
ZD
$1.88B
| $30.8M | 0.02% |
458,300
-50,291
| -10% | -$3.19M |
|
272
Independence Realty Trust
IRT
$4B
| $30.6M | 0.02% |
2,000,157
-378,999
| -16% | -$5.25M |
|
273
Lumentum
LITE
$65.2B
| $30.6M | 0.02% |
583,768
-89,223
| -13% | -$3.89M |
|
274
CONMED
CNMD
$1.49B
| $30.5M | 0.02% |
278,134
-25,162
| -8% | -$2.6M |
|
|
UCB
275
United Community Banks
UCB
$4.28B
| $30.3M | 0.02% |
1,034,399
-266,925
| -21% | -$6.81M |
|
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.