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 |
PepsiCo
PEP
|
+$821M |
| 2 |
UnitedHealth
UNH
|
+$757M |
| 3 |
Procter & Gamble
PG
|
+$646M |
| 4 |
ExxonMobil
XOM
|
+$580M |
| 5 |
Broadcom
AVGO
|
+$544M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$700M |
| 2 |
SLB Ltd
SLB
|
+$562M |
| 3 |
PayPal
PYPL
|
+$554M |
| 4 |
Target
TGT
|
+$476M |
| 5 |
Uber
UBER
|
+$428M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.95% |
| 2 | Financials | 10.94% |
| 3 | Healthcare | 9.68% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Industrials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Merck
MRK
$323B
| $1.46B | 0.81% |
12,635,321
+289,608
| +2% | +$32.9M |
|
27
Costco
COST
$422B
| $1.43B | 0.79% |
2,656,804
+50,288
| +2% | +$25.4M |
|
28
Meta Platforms (Facebook)
META
$1.4T
| $1.4B | 0.77% |
4,883,576
+125,222
| +3% | +$30.9M |
|
29
Walmart Inc
WMT
$885B
| $1.4B | 0.77% |
26,625,591
+652,581
| +3% | +$32.9M |
|
30
Mastercard
MA
$506B
| $1.38B | 0.76% |
3,516,253
+77,549
| +2% | +$29.1M |
|
31
Blackrock
BLK
$169B
| $1.34B | 0.74% |
1,934,557
+91,571
| +5% | +$61.3M |
|
32
Shell
SHEL
$254B
| $1.32B | 0.73% |
21,902,043
+497,450
| +2% | +$29.9M |
|
33
JPMorgan Chase
JPM
$939B
| $1.31B | 0.72% |
8,994,224
+558,598
| +7% | +$76.8M |
|
34
Thermo Fisher Scientific
TMO
$212B
| $1.28B | 0.71% |
2,456,683
+60,712
| +3% | +$32.8M |
|
35
Citigroup
C
$223B
| $1.25B | 0.69% |
27,061,442
+3,435,171
| +15% | +$161M |
|
|
NVO
36
Novo Nordisk
NVO
$207B
| $1.23B | 0.68% |
15,239,740
-510,072
| -3% | -$41.7M |
|
37
Intuit
INTU
$86.3B
| $1.21B | 0.67% |
2,644,683
+136,477
| +5% | +$59.8M |
|
38
TotalEnergies
TTE
$196B
| $1.18B | 0.65% |
20,450,601
+343,816
| +2% | +$20.8M |
|
39
Stryker
SYK
$125B
| $1.17B | 0.65% |
3,829,346
+94,468
| +3% | +$27.3M |
|
40
Union Pacific
UNP
$173B
| $1.16B | 0.64% |
5,656,365
+94,913
| +2% | +$18.9M |
|
41
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
| $1.12B | 0.62% |
16,200,895
-429,550
| -3% | -$27M |
|
42
Chevron
CVX
$390B
| $1.12B | 0.62% |
7,090,016
+194,678
| +3% | +$31.2M |
|
43
BHP
BHP
$215B
| $1.11B | 0.61% |
18,561,322
+445,288
| +2% | +$26.6M |
|
44
Johnson & Johnson
JNJ
$621B
| $1.1B | 0.61% |
6,665,431
+426,082
| +7% | +$68.8M |
|
45
Starbucks
SBUX
$120B
| $1.08B | 0.6% |
10,870,182
+303,666
| +3% | +$31.5M |
|
46
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $1.07B | 0.59% |
37,188,265
+3,652,112
| +11% | +$106M |
|
47
Abbott
ABT
$183B
| $1.05B | 0.58% |
9,667,396
+200,326
| +2% | +$21.4M |
|
48
Capital One
COF
$127B
| $1.05B | 0.58% |
9,606,798
-349,485
| -4% | -$35M |
|
49
Nike
NKE
$61.8B
| $1.05B | 0.58% |
9,517,906
+283,137
| +3% | +$33.1M |
|
50
Invesco QQQ Trust
QQQ
$453B
| $1.05B | 0.58% |
2,831,584
+158,115
| +6% | +$53.2M |
|
Similar funds
Ken Fisher's Q2 2023 Portfolio in Review
As of Q2 2023, Ken Fisher held 1,244 positions worth $181B, up 9.9% from $165B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q2 2023 filing shows 109 new, 547 increased, 343 reduced and 81 closed positions. Its largest new stake was CNB Financial Corp: 67,868 shares worth $1.2M. The largest sale was Block Inc, an estimated $700M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q2 2023 buy was CNB Financial Corp: 67,868 shares worth $1.2M.
- Ken Fisher added most to PepsiCo in Q2 2023, an estimated $821M increase.
- Ken Fisher's biggest Q2 2023 reduction was Block Inc, cutting an estimated $700M.
- Ken Fisher fully exited Mechanics Bancorp in Q2 2023, selling an estimated $1.17M.
- Ken Fisher's ten largest holdings make up 28% of its $181B portfolio in Q2 2023.
- Ken Fisher opened 109 new positions and closed 81 in Q2 2023.
- Ken Fisher's portfolio value rose 9.9% quarter-over-quarter to $181B.
Based on Fisher Asset Management's 13F filing for Q2 2023, filed 8 Aug 2023.