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 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$715M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$350M |
| 3 |
NVIDIA
NVDA
|
+$223M |
| 4 |
Emerson Electric
EMR
|
+$173M |
| 5 |
Apple
AAPL
|
+$159M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wynn Resorts
WYNN
|
+$155M |
| 2 |
Blackrock
BLK
|
+$134M |
| 3 |
Expedia Group
EXPE
|
+$131M |
| 4 |
Haleon
HLN
|
+$130M |
| 5 |
Intuit
INTU
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.36% |
| 2 | Financials | 13.4% |
| 3 | Consumer Discretionary | 9.1% |
| 4 | Healthcare | 9.06% |
| 5 | Industrials | 7.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$422B
| $2.82B | 1.12% |
3,077,905
+43,414
| +1% | +$40.3M |
|
27
American Express
AXP
$227B
| $2.6B | 1.03% |
8,761,336
+95,927
| +1% | +$27.6M |
|
28
Intuitive Surgical
ISRG
$127B
| $2.54B | 1.01% |
4,868,869
+86,488
| +2% | +$45M |
|
|
29
Intuit
INTU
$86.5B
| $2.29B | 0.91% |
3,642,780
-184,891
| -5% | -$118M |
|
30
Freeport-McMoran
FCX
$90B
| $2.26B | 0.9% |
59,364,720
-44,675
| -0.1% | -$2M |
|
31
RTX Corp
RTX
$290B
| $2.2B | 0.88% |
19,047,685
+576,214
| +3% | +$69.6M |
|
32
Mastercard
MA
$502B
| $2.2B | 0.87% |
4,174,204
+56,714
| +1% | +$29.4M |
|
33
ASML
ASML
$626B
| $2.19B | 0.87% |
3,162,286
-23,936
| -0.8% | -$17.2M |
|
34
Adobe
ADBE
$99.5B
| $2.15B | 0.86% |
4,843,479
-16,105
| -0.3% | -$7.97M |
|
35
Citigroup
C
$222B
| $2.11B | 0.84% |
30,014,183
+1,043,826
| +4% | +$70.4M |
|
|
36
Blackrock
BLK
$169B
| $2.11B | 0.84% |
2,060,640
-131,607
| -6% | -$134M |
|
37
Booking.com
BKNG
$149B
| $2.08B | 0.83% |
10,486,475
+17,925
| +0.2% | +$3.45M |
|
38
Bank of America
BAC
$435B
| $2.06B | 0.82% |
46,887,442
+1,671,610
| +4% | +$73.5M |
|
39
iShares MBS ETF
MBB
$38.9B
| $1.81B | 0.72% |
19,701,940
+1,436,342
| +8% | +$134M |
|
40
ServiceNow
NOW
$115B
| $1.78B | 0.71% |
8,410,705
+95,865
| +1% | +$19.4M |
|
41
UnitedHealth
UNH
$376B
| $1.74B | 0.69% |
3,434,467
+237,300
| +7% | +$135M |
|
42
Capital One
COF
$128B
| $1.62B | 0.64% |
9,086,286
-608,011
| -6% | -$105M |
|
43
Merck
MRK
$322B
| $1.6B | 0.64% |
16,111,604
+1,458,169
| +10% | +$150M |
|
44
Shell
SHEL
$254B
| $1.56B | 0.62% |
24,938,735
+408,088
| +2% | +$26.7M |
|
|
SCHW
45
Charles Schwab
SCHW
$183B
| $1.51B | 0.6% |
20,455,266
+265,708
| +1% | +$19.9M |
|
46
Stryker
SYK
$125B
| $1.47B | 0.58% |
4,080,033
-159,942
| -4% | -$59.3M |
|
47
Union Pacific
UNP
$174B
| $1.44B | 0.57% |
6,305,684
+20,099
| +0.3% | +$4.76M |
|
48
Thermo Fisher Scientific
TMO
$213B
| $1.39B | 0.55% |
2,665,902
+29,344
| +1% | +$16.1M |
|
49
ConocoPhillips
COP
$147B
| $1.37B | 0.54% |
13,780,782
+1,324,771
| +11% | +$141M |
|
50
Canadian Natural Resources
CNQ
$99.4B
| $1.36B | 0.54% |
44,131,266
+550,242
| +1% | +$18.5M |
|
Similar funds
Ken Fisher's Q4 2024 Portfolio in Review
As of Q4 2024, Ken Fisher held 1,024 positions worth $251B, up 3% from $244B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ken Fisher's Q4 2024 filing shows 105 new, 508 increased, 309 reduced and 49 closed positions. Its largest new stake was Mercury Systems: 395,265 shares worth $16.6M. The largest sale was Wynn Resorts, an estimated $155M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 30% a quarter earlier, followed by Financials and Consumer Discretionary.
- Ken Fisher's largest Q4 2024 buy was Mercury Systems: 395,265 shares worth $16.6M.
- Ken Fisher added most to iShares 7-10 Year Treasury Bond ETF in Q4 2024, an estimated $715M increase.
- Ken Fisher's biggest Q4 2024 reduction was Wynn Resorts, cutting an estimated $155M.
- Ken Fisher fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $76.8M.
- Ken Fisher's ten largest holdings make up 35% of its $251B portfolio in Q4 2024.
- Ken Fisher opened 105 new positions and closed 49 in Q4 2024.
- Ken Fisher's portfolio value rose 3% quarter-over-quarter to $251B.
Based on Fisher Asset Management's 13F filing for Q4 2024, filed 5 Feb 2025.