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 | |
|---|---|---|---|---|---|---|
451
Micron Technology
MU
$991B
| $6.82M | ﹤0.01% |
79,973
-188
| -0.2% | -$14K |
|
452
First Solar
FSLR
$26.9B
| $6.77M | ﹤0.01% |
39,269
+3,264
| +9% | +$499K |
|
453
Outfront Media
OUT
$5.49B
| $6.75M | ﹤0.01% |
490,998
-18,275
| -4% | -$207K |
|
|
INVX
454
Innovex International
INVX
$1.97B
| $6.74M | ﹤0.01% |
289,806
+70,344
| +32% | +$1.65M |
|
455
iShares Semiconductor ETF
SOXX
$48.7B
| $6.71M | ﹤0.01% |
34,965
-4,332
| -11% | -$727K |
|
456
Snap-on
SNA
$21.5B
| $6.64M | ﹤0.01% |
22,993
-585
| -2% | -$158K |
|
457
Morningstar
MORN
$7.53B
| $6.57M | ﹤0.01% |
22,955
-5,507
| -19% | -$1.43M |
|
458
First Industrial Realty Trust
FR
$8.44B
| $6.55M | ﹤0.01% |
124,432
-35,938
| -22% | -$1.67M |
|
|
PPBI
459
DELISTED
Pacific Premier Bancorp
PPBI
| $6.55M | ﹤0.01% |
225,000
| – | – |
|
460
Synopsys
SNPS
$79.7B
| $6.42M | ﹤0.01% |
12,462
-3,782
| -23% | -$1.93M |
|
461
Donnelley Financial Solutions
DFIN
$1.16B
| $6.37M | ﹤0.01% |
102,123
-4,346
| -4% | -$248K |
|
462
Globant
GLOB
$1.61B
| $6.31M | ﹤0.01% |
26,527
-405
| -2% | -$82.7K |
|
463
Hexcel
HXL
$7.82B
| $6.17M | ﹤0.01% |
83,636
-16,938
| -17% | -$1.14M |
|
464
WSFS Financial
WSFS
$4.15B
| $6.11M | ﹤0.01% |
133,052
| – | – |
|
465
Kimberly-Clark
KMB
$36.5B
| $6.07M | ﹤0.01% |
49,931
+1,870
| +4% | +$226K |
|
466
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $6.03M | ﹤0.01% |
146,694
-4,072
| -3% | -$162K |
|
467
Trinity Industries
TRN
$2.38B
| $5.94M | ﹤0.01% |
223,568
+7,568
| +4% | +$182K |
|
468
Southern Company
SO
$107B
| $5.93M | ﹤0.01% |
84,587
-3,617
| -4% | -$248K |
|
469
Uber
UBER
$153B
| $5.82M | ﹤0.01% |
94,493
-162,111
| -63% | -$8.48M |
|
470
Federal Realty Investment Trust
FRT
$10.3B
| $5.8M | ﹤0.01% |
56,250
-16,324
| -22% | -$1.54M |
|
471
Global Net Lease
GNL
$1.95B
| $5.77M | ﹤0.01% |
580,270
-29,721
| -5% | -$260K |
|
472
Power Integrations
POWI
$3.6B
| $5.77M | ﹤0.01% |
70,294
+918
| +1% | +$70.4K |
|
473
Devon Energy
DVN
$47.3B
| $5.76M | ﹤0.01% |
127,086
-30,764
| -19% | -$1.41M |
|
474
Yum! Brands
YUM
$41.1B
| $5.72M | ﹤0.01% |
43,793
+557
| +1% | +$69.5K |
|
|
UCTT
475
Ultra Clean Holdings
UCTT
$3.95B
| $5.71M | ﹤0.01% |
167,345
+1,249
| +0.8% | +$34.7K |
|
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.