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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$821M |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$568M |
| 3 |
Advanced Micro Devices
AMD
|
+$428M |
| 4 |
XYZ
Block Inc
XYZ
|
+$419M |
| 5 |
VanEck Semiconductor ETF
SMH
|
+$333M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$683M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$488M |
| 3 |
Marvell Technology
MRVL
|
+$420M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$375M |
| 5 |
PayPal
PYPL
|
+$326M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.02% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.27% |
| 4 | Consumer Discretionary | 8.74% |
| 5 | Industrials | 6.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
26
Charles Schwab
SCHW
$184B
| $1.35B | 0.91% |
16,159,036
+725,704
| +5% | +$56.3M |
|
27
Thermo Fisher Scientific
TMO
$215B
| $1.29B | 0.88% |
2,351,097
+46,035
| +2% | +$24.4M |
|
28
Blackrock
BLK
$174B
| $1.26B | 0.85% |
1,784,563
+61,406
| +4% | +$41M |
|
29
Chevron
CVX
$384B
| $1.22B | 0.83% |
6,813,017
+20,559
| +0.3% | +$3.59M |
|
|
NVO
30
Novo Nordisk
NVO
$208B
| $1.22B | 0.83% |
18,052,002
-613,722
| -3% | -$36M |
|
31
Mastercard
MA
$504B
| $1.21B | 0.82% |
3,487,049
+45,025
| +1% | +$14.8M |
|
32
Shell
SHEL
$252B
| $1.2B | 0.81% |
21,082,914
+312,570
| +2% | +$17.2M |
|
33
Walmart Inc
WMT
$880B
| $1.19B | 0.81% |
25,232,592
+844,569
| +3% | +$40.1M |
|
34
Costco
COST
$422B
| $1.17B | 0.79% |
2,570,753
+21,739
| +0.9% | +$10.6M |
|
35
Intuitive Surgical
ISRG
$133B
| $1.15B | 0.77% |
4,316,971
+69,472
| +2% | +$16.9M |
|
36
Union Pacific
UNP
$173B
| $1.13B | 0.77% |
5,479,432
+92,571
| +2% | +$19M |
|
37
Lam Research
LRCX
$369B
| $1.11B | 0.75% |
26,418,590
+3,731,060
| +16% | +$156M |
|
38
BHP
BHP
$212B
| $1.11B | 0.75% |
17,836,400
+225,603
| +1% | +$12.7M |
|
39
Meta Platforms (Facebook)
META
$1.51T
| $1.1B | 0.74% |
9,132,669
-2,693,807
| -23% | -$316M |
|
40
JPMorgan Chase
JPM
$936B
| $1.09B | 0.74% |
8,119,251
+263,567
| +3% | +$33.4M |
|
41
Johnson & Johnson
JNJ
$613B
| $1.08B | 0.73% |
6,094,179
+173,121
| +3% | +$29.9M |
|
42
Nike
NKE
$63.1B
| $1.06B | 0.72% |
9,058,401
+289,834
| +3% | +$29.2M |
|
43
Danaher
DHR
$139B
| $1.06B | 0.72% |
4,502,569
+58,419
| +1% | +$13.5M |
|
44
SLB Ltd
SLB
$72.8B
| $1.03B | 0.7% |
19,293,963
+326,849
| +2% | +$16.3M |
|
45
Rio Tinto
RIO
$155B
| $1.03B | 0.69% |
14,424,481
+271,771
| +2% | +$17.1M |
|
46
Abbott
ABT
$185B
| $1.02B | 0.69% |
9,302,641
+174,002
| +2% | +$18M |
|
47
Starbucks
SBUX
$119B
| $1.01B | 0.68% |
10,178,651
+560,149
| +6% | +$52.9M |
|
48
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $975M | 0.66% |
10,175,656
+333,994
| +3% | +$32.1M |
|
|
49
PayPal
PYPL
$49.3B
| $969M | 0.65% |
13,598,926
-4,069,384
| -23% | -$326M |
|
50
Intuit
INTU
$87.9B
| $939M | 0.63% |
2,412,769
+462,468
| +24% | +$183M |
|
Similar funds
Ken Fisher's Q4 2022 Portfolio in Review
As of Q4 2022, Ken Fisher held 1,228 positions worth $148B, up 11% from $133B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q4 2022 filing shows 150 new, 438 increased, 394 reduced and 203 closed positions. Its largest new stake was Macerich: 4,023,537 shares worth $45.3M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $683M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2022 buy was Macerich: 4,023,537 shares worth $45.3M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2022, an estimated $821M increase.
- Ken Fisher's biggest Q4 2022 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $683M.
- Ken Fisher fully exited Fair Isaac in Q4 2022, selling an estimated $35.3M.
- Ken Fisher's ten largest holdings make up 26% of its $148B portfolio in Q4 2022.
- Ken Fisher opened 150 new positions and closed 203 in Q4 2022.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $148B.
Based on Fisher Asset Management's 13F filing for Q4 2022, filed 3 Feb 2023.