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 | |
|---|---|---|---|---|---|---|
26
Costco
COST
$423B
| $1.84B | 0.97% |
2,790,935
+81,853
| +3% | +$48.5M |
|
27
American Express
AXP
$232B
| $1.83B | 0.97% |
9,778,289
-655,577
| -6% | -$106M |
|
28
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $1.66B | 0.88% |
15,042,104
-229,425
| -2% | -$23.9M |
|
29
Blackrock
BLK
$173B
| $1.64B | 0.87% |
2,015,337
+47,128
| +2% | +$32.9M |
|
30
Mastercard
MA
$504B
| $1.62B | 0.86% |
3,791,358
+83,192
| +2% | +$33.4M |
|
31
Procter & Gamble
PG
$339B
| $1.55B | 0.82% |
10,552,081
+554,451
| +6% | +$82.1M |
|
32
Intuitive Surgical
ISRG
$133B
| $1.51B | 0.8% |
4,488,048
+82,652
| +2% | +$24.6M |
|
33
UnitedHealth
UNH
$377B
| $1.51B | 0.8% |
2,871,971
+94,760
| +3% | +$50.5M |
|
34
Walmart Inc
WMT
$884B
| $1.5B | 0.8% |
28,618,680
+1,273,596
| +5% | +$67.4M |
|
35
Shell
SHEL
$252B
| $1.5B | 0.79% |
22,823,227
+429,528
| +2% | +$28.2M |
|
36
Merck
MRK
$317B
| $1.48B | 0.78% |
13,551,242
+212,852
| +2% | +$22.1M |
|
|
NVO
37
Novo Nordisk
NVO
$207B
| $1.46B | 0.77% |
14,129,598
-618,485
| -4% | -$61.2M |
|
38
Union Pacific
UNP
$173B
| $1.44B | 0.76% |
5,856,266
+113,946
| +2% | +$25.1M |
|
39
TotalEnergies
TTE
$195B
| $1.42B | 0.75% |
21,144,503
+379,198
| +2% | +$25.3M |
|
40
Thermo Fisher Scientific
TMO
$215B
| $1.37B | 0.72% |
2,571,666
+589
| +0% | +$285K |
|
41
BHP
BHP
$212B
| $1.36B | 0.72% |
19,864,440
+551,575
| +3% | +$33.3M |
|
42
Booking.com
BKNG
$148B
| $1.34B | 0.71% |
9,416,400
+382,575
| +4% | +$47.7M |
|
|
43
ExxonMobil
XOM
$642B
| $1.32B | 0.7% |
13,180,807
+11,199,696
| +565% | +$1.18B |
|
44
Chevron
CVX
$387B
| $1.28B | 0.68% |
8,597,655
+593,585
| +7% | +$89.8M |
|
|
SCHW
45
Charles Schwab
SCHW
$185B
| $1.28B | 0.68% |
18,623,505
+292,155
| +2% | +$16.9M |
|
46
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $1.28B | 0.68% |
43,955,685
+2,803,704
| +7% | +$80.8M |
|
47
Citigroup
C
$222B
| $1.27B | 0.67% |
24,755,277
+1,836,283
| +8% | +$81.3M |
|
48
Bank of America
BAC
$437B
| $1.27B | 0.67% |
37,654,279
+5,488,790
| +17% | +$160M |
|
49
Capital One
COF
$133B
| $1.25B | 0.66% |
9,543,396
-43,780
| -0.5% | -$4.72M |
|
50
Stryker
SYK
$129B
| $1.21B | 0.64% |
4,040,310
+101,319
| +3% | +$28.4M |
|
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.