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 | |
|---|---|---|---|---|---|---|
826
Zoom
ZM
$30.6B
| $372K | ﹤0.01% |
5,171
-12,439
| -71% | -$823K |
|
827
Cintas
CTAS
$81.3B
| $370K | ﹤0.01% |
2,452
-32
| -1% | -$4.29K |
|
828
GE HealthCare
GEHC
$32.4B
| $369K | ﹤0.01% |
4,775
+535
| +13% | +$37.5K |
|
829
iShares Russell 2000 Value ETF
IWN
$14.6B
| $369K | ﹤0.01% |
2,372
+996
| +72% | +$138K |
|
830
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14B
| $368K | ﹤0.01% |
+6,297
| New | +$344K |
|
831
Motorola Solutions
MSI
$77.4B
| $365K | ﹤0.01% |
1,166
+199
| +21% | +$60.2K |
|
832
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$724M
| $362K | ﹤0.01% |
+9,872
| New | +$350K |
|
833
Vanguard Short-Term Bond ETF
BSV
$44.6B
| $361K | ﹤0.01% |
4,688
-1,898
| -29% | -$144K |
|
834
Enbridge
ENB
$112B
| $361K | ﹤0.01% |
10,021
+1,561
| +18% | +$52.6K |
|
835
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.25B
| $361K | ﹤0.01% |
+8,593
| New | +$341K |
|
836
Paychex
PAYX
$42.7B
| $360K | ﹤0.01% |
3,026
-450
| -13% | -$53.3K |
|
837
iShares Gold Trust
IAU
$67.5B
| $357K | ﹤0.01% |
+9,147
| New | +$342K |
|
838
McKesson
MCK
$101B
| $351K | ﹤0.01% |
758
-20
| -3% | -$9.1K |
|
839
Travelers Companies
TRV
$80.2B
| $348K | ﹤0.01% |
1,826
-465
| -20% | -$80.5K |
|
840
Eagle Bancorp
EGBN
$845M
| $346K | ﹤0.01% |
11,493
| – | – |
|
841
iShares Russell 1000 ETF
IWB
$50.1B
| $346K | ﹤0.01% |
+1,317
| New | +$322K |
|
842
iShares US Home Construction ETF
ITB
$2.35B
| $342K | ﹤0.01% |
+3,361
| New | +$286K |
|
843
Airbnb
ABNB
$106B
| $337K | ﹤0.01% |
2,478
-11
| -0.4% | -$1.42K |
|
844
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $336K | ﹤0.01% |
6,274
-1,745
| -22% | -$85K |
|
845
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.58B
| $334K | ﹤0.01% |
3,436
-6,656
| -66% | -$616K |
|
846
Lear
LEA
$8.18B
| $333K | ﹤0.01% |
2,360
+42
| +2% | +$5.63K |
|
847
Labcorp
LH
$25.9B
| $333K | ﹤0.01% |
1,465
+248
| +20% | +$52.1K |
|
848
Commerce Bancshares
CBSH
$8.5B
| $333K | ﹤0.01% |
6,865
+1,953
| +40% | +$84.3K |
|
849
iShares MSCI USA Min Vol Factor ETF
USMV
$24.2B
| $331K | ﹤0.01% |
4,239
-164
| -4% | -$12.2K |
|
850
Genuine Parts
GPC
$18.7B
| $326K | ﹤0.01% |
2,355
+103
| +5% | +$14.1K |
|
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.