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 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$322B
| $874M | 0.49% |
11,409,682
+776,418
| +7% | +$61.8M |
|
52
Capital One
COF
$128B
| $847M | 0.47% |
5,836,030
+890,874
| +18% | +$138M |
|
53
Stryker
SYK
$125B
| $839M | 0.47% |
3,138,748
+162,897
| +5% | +$42.8M |
|
|
RDS.A
54
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $813M | 0.46% |
18,735,514
+582,687
| +3% | +$26.3M |
|
55
Cisco
CSCO
$457B
| $810M | 0.45% |
12,778,754
-10,049,717
| -44% | -$574M |
|
56
GSK
GSK
$104B
| $803M | 0.45% |
14,573,734
+309,414
| +2% | +$16.1M |
|
|
57
Walt Disney
DIS
$167B
| $800M | 0.45% |
5,167,619
-5,937,853
| -53% | -$959M |
|
|
58
Intel
INTC
$455B
| $776M | 0.43% |
15,059,795
-17,424,707
| -54% | -$891M |
|
59
Chevron
CVX
$392B
| $774M | 0.43% |
6,597,471
+343,591
| +5% | +$39M |
|
|
60
Intuit
INTU
$86.5B
| $774M | 0.43% |
1,203,273
+1,107,581
| +1,157% | +$684M |
|
|
61
Walmart Inc
WMT
$885B
| $729M | 0.41% |
15,123,357
-23,949,984
| -61% | -$1.14B |
|
|
62
UnitedHealth
UNH
$376B
| $699M | 0.39% |
1,392,898
-1,554,434
| -53% | -$704M |
|
|
ABB
63
DELISTED
ABB Ltd
ABB
| $695M | 0.39% |
18,217,985
+716,706
| +4% | +$25.1M |
|
64
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| $676M | 0.38% |
21,811,512
+530,588
| +2% | +$16.5M |
|
65
ING
ING
$99.8B
| $674M | 0.38% |
48,444,462
+2,066,770
| +4% | +$30M |
|
66
CSX Corp
CSX
$93.4B
| $674M | 0.38% |
17,920,903
+765,414
| +4% | +$27M |
|
67
RTX Corp
RTX
$290B
| $658M | 0.37% |
7,645,813
+477,205
| +7% | +$41.6M |
|
68
Uber
UBER
$143B
| $635M | 0.36% |
+15,149,348
| New | +$653M |
|
69
American Tower
AMT
$80.8B
| $592M | 0.33% |
2,025,069
+51,124
| +3% | +$14M |
|
70
ServiceNow
NOW
$115B
| $581M | 0.33% |
4,473,650
+2,784,355
| +165% | +$366M |
|
71
iShares National Muni Bond ETF
MUB
$45.2B
| $560M | 0.31% |
4,815,855
+362,696
| +8% | +$42.1M |
|
72
Applied Materials
AMAT
$403B
| $557M | 0.31% |
3,542,610
+309,829
| +10% | +$44.9M |
|
|
XYZ
73
Block Inc
XYZ
$48.4B
| $548M | 0.31% |
3,391,924
+1,875,511
| +124% | +$406M |
|
74
Crown Castle
CCI
$33.3B
| $547M | 0.31% |
2,619,258
+163,783
| +7% | +$30.2M |
|
75
JD.com
JD
$44.6B
| $544M | 0.3% |
7,762,363
+558,030
| +8% | +$44.1M |
|
Similar funds
Ken Fisher's Q4 2021 Portfolio in Review
As of Q4 2021, Ken Fisher held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Ken Fisher's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Ken Fisher added most to Netflix in Q4 2021, an estimated $808M increase.
- Ken Fisher's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Ken Fisher fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Ken Fisher's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Ken Fisher opened 119 new positions and closed 80 in Q4 2021.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.