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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Federal Realty Investment Trust
FRT
$10.3B
| $6.58M | ﹤0.01% |
72,574
-11,331
| -14% | -$1.12M |
|
452
Hexcel
HXL
$7.82B
| $6.55M | ﹤0.01% |
100,574
+149
| +0.1% | +$10.6K |
|
453
Agree Realty
ADC
$9.41B
| $6.46M | ﹤0.01% |
117,000
| – | – |
|
|
XHR
454
Xenia Hotels & Resorts
XHR
$1.79B
| $6.43M | ﹤0.01% |
546,106
-38,246
| -7% | -$461K |
|
|
MZTI
455
The Marzetti Company
MZTI
$3.11B
| $6.21M | ﹤0.01% |
37,636
-183,502
| -83% | -$33M |
|
456
iShares Semiconductor ETF
SOXX
$48.7B
| $6.2M | ﹤0.01% |
39,297
+708
| +2% | +$118K |
|
|
INVX
457
Innovex International
INVX
$1.97B
| $6.18M | ﹤0.01% |
219,462
+97,648
| +80% | +$2.65M |
|
458
Steel Dynamics
STLD
$37.6B
| $6.15M | ﹤0.01% |
57,339
-163
| -0.3% | -$17K |
|
459
Dr. Reddy's Laboratories
RDY
$10.2B
| $6.06M | ﹤0.01% |
+453,250
| New | +$6.13M |
|
460
Snap-on
SNA
$21.5B
| $6.01M | ﹤0.01% |
23,578
-309
| -1% | -$83.5K |
|
461
Donnelley Financial Solutions
DFIN
$1.16B
| $5.99M | ﹤0.01% |
106,469
-11,775
| -10% | -$572K |
|
|
MDC
462
DELISTED
M.D.C. Holdings, Inc.
MDC
| $5.99M | ﹤0.01% |
145,279
-7,987
| -5% | -$372K |
|
|
ANSS
463
DELISTED
Ansys
ANSS
| $5.95M | ﹤0.01% |
20,001
| – | – |
|
|
WNS
464
DELISTED
WNS Holdings
WNS
| $5.93M | ﹤0.01% |
86,640
| – | – |
|
465
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $5.91M | ﹤0.01% |
150,766
+12,982
| +9% | +$530K |
|
466
Broadstone Net Lease
BNL
$4.02B
| $5.88M | ﹤0.01% |
411,215
-70,312
| -15% | -$1.13M |
|
467
Global Net Lease
GNL
$1.95B
| $5.86M | ﹤0.01% |
609,991
-10,653
| -2% | -$115K |
|
|
AYX
468
DELISTED
Alteryx Inc
AYX
| $5.84M | ﹤0.01% |
154,854
-243
| -0.2% | -$8.71K |
|
469
ICU Medical
ICUI
$4.61B
| $5.83M | ﹤0.01% |
49,000
| – | – |
|
470
First Solar
FSLR
$26.9B
| $5.82M | ﹤0.01% |
36,005
-1,603
| -4% | -$299K |
|
471
Kimberly-Clark
KMB
$36.5B
| $5.81M | ﹤0.01% |
48,061
-28,491
| -37% | -$3.68M |
|
472
Trex
TREX
$5.01B
| $5.8M | ﹤0.01% |
94,186
+4,978
| +6% | +$342K |
|
473
Southern Company
SO
$107B
| $5.71M | ﹤0.01% |
88,204
-26,760
| -23% | -$1.86M |
|
474
Bristol-Myers Squibb
BMY
$132B
| $5.65M | ﹤0.01% |
97,309
-147,884
| -60% | -$9.06M |
|
475
Vericel Corp
VCEL
$2.31B
| $5.55M | ﹤0.01% |
165,485
-1,527,282
| -90% | -$53M |
|
Similar funds
Ken Fisher's Q3 2023 Portfolio in Review
As of Q3 2023, Ken Fisher held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Ken Fisher added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Ken Fisher's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Ken Fisher fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Ken Fisher's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Ken Fisher opened 130 new positions and closed 125 in Q3 2023.
- Ken Fisher's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.