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 | |
|---|---|---|---|---|---|---|
26
Netflix
NFLX
$309B
| $1.53B | 0.87% |
40,428,060
+519,740
| +1% | +$22M |
|
27
Meta Platforms (Facebook)
META
$1.5T
| $1.51B | 0.86% |
5,042,438
+158,862
| +3% | +$47.9M |
|
28
Mastercard
MA
$500B
| $1.47B | 0.83% |
3,708,166
+191,913
| +5% | +$77M |
|
|
29
Procter & Gamble
PG
$342B
| $1.46B | 0.83% |
9,997,630
+5,135,524
| +106% | +$784M |
|
30
Walmart Inc
WMT
$894B
| $1.46B | 0.83% |
27,345,084
+719,493
| +3% | +$38.3M |
|
|
31
ExxonMobil
XOM
$628B
| $1.46B | 0.83% |
1,981,111
-4,649,470
| -70% | -$510M |
|
32
Intuit
INTU
$89.7B
| $1.45B | 0.82% |
2,844,543
+199,860
| +8% | +$101M |
|
33
Shell
SHEL
$243B
| $1.44B | 0.82% |
22,393,699
+491,656
| +2% | +$30.6M |
|
|
34
UnitedHealth
UNH
$375B
| $1.4B | 0.79% |
2,777,211
+1,216,294
| +78% | +$599M |
|
35
Merck
MRK
$317B
| $1.37B | 0.78% |
13,338,390
+703,069
| +6% | +$75.8M |
|
36
TotalEnergies
TTE
$188B
| $1.37B | 0.77% |
20,765,305
+314,704
| +2% | +$19.5M |
|
37
Chevron
CVX
$371B
| $1.35B | 0.77% |
8,004,070
+914,054
| +13% | +$148M |
|
|
38
PepsiCo
PEP
$189B
| $1.35B | 0.76% |
7,946,776
+3,495,182
| +79% | +$635M |
|
|
NVO
39
Novo Nordisk
NVO
$197B
| $1.34B | 0.76% |
14,748,083
-491,657
| -3% | -$43.3M |
|
40
Thermo Fisher Scientific
TMO
$214B
| $1.3B | 0.74% |
2,571,077
+114,394
| +5% | +$61M |
|
41
Intuitive Surgical
ISRG
$133B
| $1.29B | 0.73% |
4,405,396
-38,227
| -0.9% | -$11.9M |
|
42
Blackrock
BLK
$176B
| $1.27B | 0.72% |
1,968,209
+33,652
| +2% | +$23.5M |
|
43
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
| $1.18B | 0.67% |
41,151,981
+3,963,716
| +11% | +$114M |
|
44
Union Pacific
UNP
$176B
| $1.17B | 0.66% |
5,742,320
+85,955
| +2% | +$18.7M |
|
45
Johnson & Johnson
JNJ
$621B
| $1.17B | 0.66% |
7,488,686
+823,255
| +12% | +$136M |
|
46
Booking.com
BKNG
$160B
| $1.11B | 0.63% |
9,033,825
+361,700
| +4% | +$43.8M |
|
47
BHP
BHP
$227B
| $1.1B | 0.62% |
19,312,865
+751,543
| +4% | +$43.9M |
|
48
Toyota
TM
$220B
| $1.09B | 0.62% |
6,040,758
+163,439
| +3% | +$27.9M |
|
49
Stryker
SYK
$129B
| $1.08B | 0.61% |
3,938,991
+109,645
| +3% | +$31.4M |
|
50
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $1.08B | 0.61% |
15,768,000
-432,895
| -3% | -$30.4M |
|
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.