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 | |
|---|---|---|---|---|---|---|
426
iShares ESG Aware MSCI USA ETF
ESGU
$18.3B
| $8.96M | ﹤0.01% |
85,378
+1,934
| +2% | +$189K |
|
427
Global Payments
GPN
$23.2B
| $8.93M | ﹤0.01% |
70,322
-5,801
| -8% | -$672K |
|
428
Halliburton
HAL
$27.1B
| $8.87M | ﹤0.01% |
245,301
-57,992
| -19% | -$2.23M |
|
|
HES
429
DELISTED
Hess
HES
| $8.84M | ﹤0.01% |
61,318
-7,907
| -11% | -$1.16M |
|
430
McDonald's
MCD
$196B
| $8.83M | ﹤0.01% |
29,781
-2,089
| -7% | -$569K |
|
431
Omnicell
OMCL
$1.65B
| $8.71M | ﹤0.01% |
231,590
-3,273
| -1% | -$120K |
|
432
Pebblebrook Hotel Trust
PEB
$2.08B
| $8.69M | ﹤0.01% |
544,075
-2,564
| -0.5% | -$34.1K |
|
433
Independent Bank
INDB
$4B
| $8.69M | ﹤0.01% |
132,096
-2,221
| -2% | -$123K |
|
|
HEES
434
DELISTED
H&E Equipment Services
HEES
| $8.5M | ﹤0.01% |
162,448
-677
| -0.4% | -$30.6K |
|
435
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.71B
| $8.45M | ﹤0.01% |
107,061
-9,780
| -8% | -$707K |
|
436
First Interstate BancSystem
FIBK
$3.57B
| $8.37M | ﹤0.01% |
272,165
+165
| +0.1% | +$4.29K |
|
437
Trex
TREX
$4.93B
| $8.17M | ﹤0.01% |
98,720
+4,534
| +5% | +$301K |
|
|
SWN
438
DELISTED
Southwestern Energy Company
SWN
| $8.07M | ﹤0.01% |
1,232,168
-113,151
| -8% | -$756K |
|
439
STAG Industrial
STAG
$7.1B
| $8.03M | ﹤0.01% |
204,621
-59,734
| -23% | -$2.12M |
|
440
Columbus McKinnon
CMCO
$599M
| $7.96M | ﹤0.01% |
204,080
-15,200
| -7% | -$534K |
|
441
Neurocrine Biosciences
NBIX
$16.2B
| $7.94M | ﹤0.01% |
60,227
-1,600
| -3% | -$184K |
|
442
iShares MSCI France ETF
EWQ
$343M
| $7.64M | ﹤0.01% |
195,076
-28,260
| -13% | -$1.03M |
|
443
Agree Realty
ADC
$9.5B
| $7.37M | ﹤0.01% |
117,001
+1
| +0% | +$58 |
|
444
TechnipFMC
FTI
$27.3B
| $7.27M | ﹤0.01% |
360,828
-12,537
| -3% | -$257K |
|
445
General Mills
GIS
$19.3B
| $7.25M | ﹤0.01% |
111,233
+978
| +0.9% | +$63.1K |
|
|
MDC
446
DELISTED
M.D.C. Holdings, Inc.
MDC
| $7.21M | ﹤0.01% |
130,529
-14,750
| -10% | -$653K |
|
447
Steel Dynamics
STLD
$37.5B
| $7.18M | ﹤0.01% |
60,833
+3,494
| +6% | +$389K |
|
|
ANSS
448
DELISTED
Ansys
ANSS
| $7.16M | ﹤0.01% |
19,733
-268
| -1% | -$79.4K |
|
449
Extra Space Storage
EXR
$31.6B
| $7.13M | ﹤0.01% |
44,461
-13,306
| -23% | -$1.69M |
|
|
XHR
450
Xenia Hotels & Resorts
XHR
$1.82B
| $7.11M | ﹤0.01% |
522,278
-23,828
| -4% | -$294K |
|
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.