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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$821M |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$568M |
| 3 |
Advanced Micro Devices
AMD
|
+$428M |
| 4 |
XYZ
Block Inc
XYZ
|
+$419M |
| 5 |
VanEck Semiconductor ETF
SMH
|
+$333M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$683M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$488M |
| 3 |
Marvell Technology
MRVL
|
+$420M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$375M |
| 5 |
PayPal
PYPL
|
+$326M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.02% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.27% |
| 4 | Consumer Discretionary | 8.74% |
| 5 | Industrials | 6.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Stryker
SYK
$129B
| $897M | 0.61% |
3,667,768
+90,944
| +3% | +$20.6M |
|
|
SI
52
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $892M | 0.6% |
12,894,554
-33,860
| -0.3% | -$2.34M |
|
53
RTX Corp
RTX
$294B
| $889M | 0.6% |
8,812,201
+237,021
| +3% | +$22.3M |
|
|
54
iShares Expanded Tech-Software Sector ETF
IGV
$14.4B
| $884M | 0.6% |
17,281,870
-7,227,835
| -29% | -$375M |
|
55
Capital One
COF
$136B
| $870M | 0.59% |
9,362,367
+686,514
| +8% | +$67.5M |
|
56
ConocoPhillips
COP
$144B
| $814M | 0.55% |
6,900,543
-22,849
| -0.3% | -$2.78M |
|
57
NextEra Energy
NEE
$182B
| $792M | 0.54% |
9,471,970
+9,013
| +0.1% | +$728K |
|
58
Invesco QQQ Trust
QQQ
$485B
| $776M | 0.52% |
2,912,984
+357,700
| +14% | +$98.9M |
|
59
3M
MMM
$93.6B
| $772M | 0.52% |
7,697,083
+86,509
| +1% | +$8.82M |
|
60
Toyota
TM
$224B
| $768M | 0.52% |
5,624,780
+170,915
| +3% | +$23.8M |
|
61
Target
TGT
$67.3B
| $759M | 0.51% |
5,093,983
+300,077
| +6% | +$47.1M |
|
62
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $757M | 0.51% |
21,911,756
+724,666
| +3% | +$25M |
|
63
Bank of America
BAC
$440B
| $733M | 0.5% |
22,129,304
+1,738,982
| +9% | +$59.9M |
|
|
XYZ
64
Block Inc
XYZ
$50.4B
| $714M | 0.48% |
11,359,972
+6,791,842
| +149% | +$419M |
|
65
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $677M | 0.46% |
38,622,921
-642,836
| -2% | -$10.4M |
|
66
SAP
SAP
$226B
| $674M | 0.46% |
6,532,911
-231,882
| -3% | -$23.2M |
|
67
Sanofi
SNY
$102B
| $667M | 0.45% |
13,780,653
-204,875
| -1% | -$8.99M |
|
|
HES
68
DELISTED
Hess
HES
| $663M | 0.45% |
4,676,072
+81,145
| +2% | +$11.1M |
|
69
ING
ING
$101B
| $651M | 0.44% |
53,466,436
+1,913,993
| +4% | +$20.8M |
|
70
Broadcom
AVGO
$1.99T
| $646M | 0.44% |
11,554,300
-3,602,110
| -24% | -$181M |
|
71
CSX Corp
CSX
$94.5B
| $638M | 0.43% |
20,609,867
+408,674
| +2% | +$12.3M |
|
|
ABB
72
DELISTED
ABB Ltd
ABB
| $636M | 0.43% |
20,864,281
+196,230
| +0.9% | +$5.71M |
|
73
Crown Castle
CCI
$33.9B
| $627M | 0.42% |
4,620,033
+1,616,949
| +54% | +$219M |
|
74
AstraZeneca
AZN
$241B
| $590M | 0.4% |
4,351,211
-120,250
| -3% | -$15.1M |
|
75
BP
BP
$109B
| $579M | 0.39% |
16,569,647
+547,709
| +3% | +$18.2M |
|
Similar funds
Ken Fisher's Q4 2022 Portfolio in Review
As of Q4 2022, Ken Fisher held 1,228 positions worth $148B, up 11% from $133B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q4 2022 filing shows 150 new, 438 increased, 394 reduced and 203 closed positions. Its largest new stake was Macerich: 4,023,537 shares worth $45.3M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $683M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2022 buy was Macerich: 4,023,537 shares worth $45.3M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2022, an estimated $821M increase.
- Ken Fisher's biggest Q4 2022 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $683M.
- Ken Fisher fully exited Fair Isaac in Q4 2022, selling an estimated $35.3M.
- Ken Fisher's ten largest holdings make up 26% of its $148B portfolio in Q4 2022.
- Ken Fisher opened 150 new positions and closed 203 in Q4 2022.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $148B.
Based on Fisher Asset Management's 13F filing for Q4 2022, filed 3 Feb 2023.