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 |
Canadian Natural Resources
CNQ
|
+$1.58B |
| 2 |
iShares MBS ETF
MBB
|
+$1.49B |
| 3 |
RTX Corp
RTX
|
+$839M |
| 4 |
Microsoft
MSFT
|
+$566M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$555M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$1.27B |
| 2 |
Advanced Micro Devices
AMD
|
+$920M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$682M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$567M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.6% |
| 2 | Financials | 11.61% |
| 3 | Healthcare | 9.91% |
| 4 | Consumer Discretionary | 9.26% |
| 5 | Industrials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$366B
| $2.48B | 1.08% |
17,587,320
-334,021
| -2% | -$41.5M |
|
27
Visa
V
$680B
| $2.46B | 1.07% |
9,387,822
+275,196
| +3% | +$75.4M |
|
28
Intuit
INTU
$85.2B
| $2.44B | 1.06% |
3,720,189
+459,421
| +14% | +$285M |
|
29
Morgan Stanley
MS
$332B
| $2.12B | 0.92% |
21,814,109
+1,031,032
| +5% | +$98.1M |
|
30
Intuitive Surgical
ISRG
$125B
| $2.09B | 0.91% |
4,696,173
+125,150
| +3% | +$49.8M |
|
31
American Express
AXP
$228B
| $2.06B | 0.9% |
8,895,914
-316,442
| -3% | -$73.3M |
|
32
Lam Research
LRCX
$379B
| $1.98B | 0.86% |
18,603,800
-54,610
| -0.3% | -$5.24M |
|
|
NVO
33
Novo Nordisk
NVO
$209B
| $1.91B | 0.83% |
13,370,627
-354,091
| -3% | -$46.9M |
|
34
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $1.91B | 0.83% |
20,370,851
+836,259
| +4% | +$77.7M |
|
35
Citigroup
C
$223B
| $1.78B | 0.77% |
28,058,663
+1,732,429
| +7% | +$107M |
|
36
Mastercard
MA
$502B
| $1.77B | 0.77% |
4,018,345
+116,876
| +3% | +$53.2M |
|
|
37
RTX Corp
RTX
$287B
| $1.77B | 0.77% |
17,619,288
+8,109,577
| +85% | +$839M |
|
38
Merck
MRK
$321B
| $1.77B | 0.77% |
14,266,015
+395,572
| +3% | +$51M |
|
39
Shell
SHEL
$252B
| $1.73B | 0.75% |
24,023,336
+611,162
| +3% | +$43.7M |
|
40
Bank of America
BAC
$434B
| $1.73B | 0.75% |
43,484,829
+3,552,496
| +9% | +$136M |
|
41
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.72B | 0.75% |
16,038,275
+218,177
| +1% | +$23.3M |
|
42
Blackrock
BLK
$170B
| $1.69B | 0.74% |
2,151,382
+82,733
| +4% | +$64.5M |
|
43
Booking.com
BKNG
$150B
| $1.61B | 0.7% |
10,132,825
+347,300
| +4% | +$51.4M |
|
44
UnitedHealth
UNH
$380B
| $1.57B | 0.68% |
3,090,070
+117,603
| +4% | +$57.6M |
|
|
45
iShares MBS ETF
MBB
$39B
| $1.55B | 0.67% |
16,861,335
+16,322,610
| +3,030% | +$1.49B |
|
46
TotalEnergies
TTE
$194B
| $1.51B | 0.66% |
22,673,523
+752,614
| +3% | +$53.5M |
|
|
47
Canadian Natural Resources
CNQ
$98.7B
| $1.49B | 0.65% |
41,929,572
+41,918,630
| +383,098% | +$1.58B |
|
48
Stryker
SYK
$123B
| $1.46B | 0.63% |
4,282,701
+127,634
| +3% | +$43.2M |
|
|
SCHW
49
Charles Schwab
SCHW
$182B
| $1.45B | 0.63% |
19,696,294
+536,555
| +3% | +$39.6M |
|
50
Thermo Fisher Scientific
TMO
$210B
| $1.42B | 0.62% |
2,570,972
+73,574
| +3% | +$42.1M |
|
Similar funds
Ken Fisher's Q2 2024 Portfolio in Review
As of Q2 2024, Ken Fisher held 1,069 positions worth $230B, up 7.4% from $214B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher deployed $7.03B of net new capital in Q2 2024, opening 105 new positions and adding to 492 existing holdings. Its largest new stake was ZTO Express: 3,166,868 shares worth $65.7M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $1.27B trimmed.
- Ken Fisher's largest Q2 2024 buy was ZTO Express: 3,166,868 shares worth $65.7M.
- Ken Fisher added most to Canadian Natural Resources in Q2 2024, an estimated $1.58B increase.
- Ken Fisher's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $1.27B.
- Ken Fisher fully exited Thor Industries in Q2 2024, selling an estimated $24.5M.
- Ken Fisher's ten largest holdings make up 34% of its $230B portfolio in Q2 2024.
- Ken Fisher opened 105 new positions and closed 83 in Q2 2024.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $230B.
Based on Fisher Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.