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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Starbucks
SBUX
$121B
| $1.01B | 0.57% |
11,099,301
+229,119
| +2% | +$22.5M |
|
|
SCHW
52
Charles Schwab
SCHW
$188B
| $1.01B | 0.57% |
18,331,350
+328,725
| +2% | +$19.9M |
|
53
Rio Tinto
RIO
$165B
| $991M | 0.56% |
15,570,212
+680,208
| +5% | +$43.4M |
|
54
Danaher
DHR
$140B
| $987M | 0.56% |
4,488,276
-132,786
| -3% | -$29.6M |
|
55
Citigroup
C
$231B
| $943M | 0.53% |
22,918,994
-4,142,448
| -15% | -$182M |
|
56
Abbott
ABT
$183B
| $939M | 0.53% |
9,694,131
+26,735
| +0.3% | +$2.81M |
|
57
Capital One
COF
$136B
| $930M | 0.53% |
9,587,176
-19,622
| -0.2% | -$2.1M |
|
58
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $929M | 0.53% |
35,523,668
+1,388,676
| +4% | +$39.1M |
|
59
Boeing
BA
$190B
| $927M | 0.53% |
4,835,827
+183,584
| +4% | +$40.2M |
|
60
Invesco QQQ Trust
QQQ
$480B
| $927M | 0.53% |
2,586,697
-244,887
| -9% | -$90.8M |
|
61
Nike
NKE
$63B
| $925M | 0.52% |
9,668,678
+150,772
| +2% | +$15.5M |
|
62
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $897M | 0.51% |
25,842,406
+1,685,548
| +7% | +$59.2M |
|
63
Bank of America
BAC
$442B
| $881M | 0.5% |
32,165,489
-944,344
| -3% | -$27.9M |
|
64
ConocoPhillips
COP
$140B
| $865M | 0.49% |
7,221,234
+54,149
| +0.8% | +$6.29M |
|
65
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $845M | 0.48% |
9,229,790
+512,404
| +6% | +$48.3M |
|
|
SI
66
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $828M | 0.47% |
11,529,017
-620,664
| -5% | -$44.6M |
|
67
Sanofi
SNY
$103B
| $802M | 0.45% |
14,942,718
+1,986,749
| +15% | +$106M |
|
68
ING
ING
$103B
| $773M | 0.44% |
58,681,822
+1,807,934
| +3% | +$25.5M |
|
69
ServiceNow
NOW
$121B
| $753M | 0.43% |
6,734,815
-118,375
| -2% | -$13.5M |
|
70
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $718M | 0.41% |
37,965,603
+281,849
| +0.7% | +$5.45M |
|
71
Carrier Global
CARR
$53.9B
| $717M | 0.41% |
12,996,778
+447,212
| +4% | +$24.6M |
|
72
SAP
SAP
$228B
| $711M | 0.4% |
5,501,736
-547,978
| -9% | -$74.6M |
|
73
BP
BP
$106B
| $711M | 0.4% |
18,369,997
+737,209
| +4% | +$27.4M |
|
74
Ford
F
$56.3B
| $691M | 0.39% |
55,629,189
-5,089,271
| -8% | -$66.1M |
|
75
Johnson Controls International
JCI
$93.1B
| $687M | 0.39% |
12,910,120
+897,751
| +7% | +$55.4M |
|
Similar funds
Ken Fisher's Q3 2023 Portfolio in Review
As of Q3 2023, Ken Fisher held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Ken Fisher added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Ken Fisher's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Ken Fisher fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Ken Fisher's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Ken Fisher opened 130 new positions and closed 125 in Q3 2023.
- Ken Fisher's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.