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 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Caterpillar
CAT
$375B
| $1.45B | 0.81% |
7,004,189
+168,085
| +2% | +$33.8M |
|
27
Thermo Fisher Scientific
TMO
$213B
| $1.44B | 0.8% |
2,152,554
+139,982
| +7% | +$87.4M |
|
28
NextEra Energy
NEE
$181B
| $1.41B | 0.79% |
15,077,243
+484,081
| +3% | +$41.8M |
|
29
Oracle
ORCL
$374B
| $1.4B | 0.78% |
16,001,088
+683,095
| +4% | +$64.1M |
|
30
Nike
NKE
$61.9B
| $1.34B | 0.75% |
8,020,213
+180,980
| +2% | +$29.8M |
|
31
Lam Research
LRCX
$367B
| $1.3B | 0.73% |
18,020,420
+577,390
| +3% | +$36.2M |
|
32
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $1.27B | 0.71% |
11,067,291
+720,096
| +7% | +$82.8M |
|
33
Union Pacific
UNP
$174B
| $1.24B | 0.69% |
4,925,847
+157,857
| +3% | +$37.4M |
|
34
SAP
SAP
$212B
| $1.24B | 0.69% |
8,825,218
-4,664
| -0.1% | -$651K |
|
35
TotalEnergies
TTE
$195B
| $1.23B | 0.69% |
24,969,620
+1,030,994
| +4% | +$51.3M |
|
36
Abbott
ABT
$183B
| $1.23B | 0.69% |
8,762,768
+386,089
| +5% | +$49.4M |
|
37
Danaher
DHR
$137B
| $1.19B | 0.67% |
4,074,813
+187,466
| +5% | +$51.6M |
|
38
JPMorgan Chase
JPM
$935B
| $1.18B | 0.66% |
7,432,325
+323,036
| +5% | +$53M |
|
39
AstraZeneca
AZN
$263B
| $1.17B | 0.66% |
10,054,943
+260,129
| +3% | +$30.6M |
|
40
Goldman Sachs
GS
$300B
| $1.16B | 0.65% |
3,025,215
+197,384
| +7% | +$78.1M |
|
|
SI
41
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $1.12B | 0.63% |
12,934,720
-300,083
| -2% | -$26.1M |
|
42
3M
MMM
$90.9B
| $1.03B | 0.57% |
6,908,934
+205,541
| +3% | +$30.6M |
|
43
Morgan Stanley
MS
$331B
| $1.03B | 0.57% |
10,448,069
+474,238
| +5% | +$47.2M |
|
44
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.4B
| $952M | 0.53% |
22,595,384
+1,925,248
| +9% | +$80.8M |
|
45
Toyota
TM
$224B
| $919M | 0.51% |
4,962,120
+162,702
| +3% | +$29.3M |
|
46
Novartis
NVS
$297B
| $908M | 0.51% |
10,384,666
+79,637
| +0.8% | +$6.61M |
|
47
Rio Tinto
RIO
$158B
| $907M | 0.51% |
13,552,659
+194,326
| +1% | +$12.6M |
|
48
Sanofi
SNY
$103B
| $901M | 0.5% |
17,981,595
+75,166
| +0.4% | +$3.72M |
|
49
Edwards Lifesciences
EW
$49.6B
| $879M | 0.49% |
6,782,302
+357,605
| +6% | +$41.7M |
|
50
Invesco QQQ Trust
QQQ
$453B
| $877M | 0.49% |
2,204,711
+168,682
| +8% | +$65.1M |
|
Similar funds
Ken Fisher's Q4 2021 Portfolio in Review
As of Q4 2021, Ken Fisher held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Ken Fisher's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Ken Fisher added most to Netflix in Q4 2021, an estimated $808M increase.
- Ken Fisher's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Ken Fisher fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Ken Fisher's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Ken Fisher opened 119 new positions and closed 80 in Q4 2021.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.