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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Rio Tinto
RIO
$161B
| $1.19B | 0.63% |
16,019,748
+449,536
| +3% | +$30.2M |
|
52
Toyota
TM
$224B
| $1.14B | 0.6% |
6,210,385
+169,627
| +3% | +$30.9M |
|
|
53
PepsiCo
PEP
$190B
| $1.12B | 0.59% |
6,594,414
-1,352,362
| -17% | -$224M |
|
54
Abbott
ABT
$185B
| $1.09B | 0.58% |
9,922,170
+228,039
| +2% | +$22.8M |
|
55
Starbucks
SBUX
$120B
| $1.09B | 0.58% |
11,359,790
+260,489
| +2% | +$25.4M |
|
56
Boeing
BA
$187B
| $1.07B | 0.57% |
4,116,488
-719,339
| -15% | -$154M |
|
57
Nike
NKE
$61.6B
| $1.07B | 0.57% |
9,880,038
+211,360
| +2% | +$22.7M |
|
58
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $1.07B | 0.56% |
36,742,254
+1,218,586
| +3% | +$32.5M |
|
59
Invesco QQQ Trust
QQQ
$485B
| $1.03B | 0.54% |
2,511,248
-75,449
| -3% | -$28.6M |
|
|
60
iShares Expanded Tech-Software Sector ETF
IGV
$14.4B
| $1.03B | 0.54% |
12,652,300
-3,115,700
| -20% | -$231M |
|
61
ServiceNow
NOW
$122B
| $1.02B | 0.54% |
7,242,240
+507,425
| +8% | +$64M |
|
62
Johnson & Johnson
JNJ
$613B
| $995M | 0.53% |
6,350,176
-1,138,510
| -15% | -$175M |
|
63
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $991M | 0.52% |
27,257,262
+1,414,856
| +5% | +$49.6M |
|
64
Danaher
DHR
$139B
| $976M | 0.52% |
4,219,905
-268,371
| -6% | -$57.1M |
|
65
ING
ING
$101B
| $956M | 0.51% |
63,677,437
+4,995,615
| +9% | +$68.6M |
|
66
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $935M | 0.49% |
9,697,073
+467,283
| +5% | +$43.2M |
|
67
ConocoPhillips
COP
$145B
| $860M | 0.45% |
7,412,753
+191,519
| +3% | +$22.4M |
|
68
SAP
SAP
$226B
| $821M | 0.43% |
5,308,043
-193,693
| -4% | -$28M |
|
69
Applied Materials
AMAT
$434B
| $812M | 0.43% |
5,007,545
+120,636
| +2% | +$17.7M |
|
70
Johnson Controls International
JCI
$93.1B
| $779M | 0.41% |
13,514,262
+604,142
| +5% | +$31.7M |
|
71
CSX Corp
CSX
$94.5B
| $775M | 0.41% |
22,340,864
+433,228
| +2% | +$13.8M |
|
72
Illinois Tool Works
ITW
$83B
| $772M | 0.41% |
2,949,029
+119,921
| +4% | +$28.7M |
|
73
Carrier Global
CARR
$52.1B
| $765M | 0.4% |
13,307,231
+310,453
| +2% | +$16.4M |
|
74
RTX Corp
RTX
$294B
| $755M | 0.4% |
8,978,289
-496,914
| -5% | -$39.3M |
|
75
Ford
F
$56.8B
| $721M | 0.38% |
59,150,709
+3,521,520
| +6% | +$39.2M |
|
Similar funds
Ken Fisher's Q4 2023 Portfolio in Review
As of Q4 2023, Ken Fisher held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Ken Fisher opened a new position in Veralto worth $93.6M.
- Ken Fisher's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Ken Fisher added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Ken Fisher's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Ken Fisher fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Ken Fisher's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Ken Fisher opened 101 new positions and closed 288 in Q4 2023.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.