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 | |
|---|---|---|---|---|---|---|
76
Edwards Lifesciences
EW
$51.2B
| $572M | 0.39% |
7,672,618
+133,880
| +2% | +$10.3M |
|
77
AB InBev
BUD
$168B
| $568M | 0.38% |
9,458,353
+184,847
| +2% | +$9.93M |
|
78
Ford
F
$56.3B
| $554M | 0.37% |
47,659,333
+2,689,124
| +6% | +$34.5M |
|
79
ServiceNow
NOW
$121B
| $508M | 0.34% |
6,545,835
+540,395
| +9% | +$42.2M |
|
80
Illinois Tool Works
ITW
$85.5B
| $500M | 0.34% |
2,271,641
+151,004
| +7% | +$32.2M |
|
81
Uber
UBER
$139B
| $498M | 0.34% |
20,125,223
+863,759
| +4% | +$23.6M |
|
82
Walt Disney
DIS
$177B
| $475M | 0.32% |
5,465,420
+323,981
| +6% | +$31M |
|
83
GSK
GSK
$103B
| $447M | 0.3% |
12,720,586
+548,735
| +5% | +$18.3M |
|
84
Vanguard S&P 500 ETF
VOO
$1.01T
| $444M | 0.3% |
1,263,767
+103,040
| +9% | +$36.4M |
|
85
Banco Santander
SAN
$209B
| $428M | 0.29% |
145,100,488
+5,489,652
| +4% | +$15M |
|
86
Applied Materials
AMAT
$424B
| $389M | 0.26% |
3,998,596
-1,312,851
| -25% | -$126M |
|
87
Unilever
UL
$139B
| $389M | 0.26% |
6,868,556
+674,137
| +11% | +$36.1M |
|
88
Sony
SONY
$132B
| $384M | 0.26% |
25,179,350
+1,462,285
| +6% | +$21.8M |
|
89
Deere & Co
DE
$165B
| $361M | 0.24% |
840,939
+138,386
| +20% | +$56.2M |
|
|
90
VanEck Semiconductor ETF
SMH
$71.6B
| $354M | 0.24% |
3,486,662
+3,276,372
| +1,558% | +$333M |
|
91
Johnson Controls International
JCI
$93.1B
| $350M | 0.24% |
5,468,601
+440,524
| +9% | +$27M |
|
92
iShares National Muni Bond ETF
MUB
$45.4B
| $340M | 0.23% |
3,217,744
+1,235,805
| +62% | +$129M |
|
93
Zoom
ZM
$29.5B
| $339M | 0.23% |
4,999,498
+59,141
| +1% | +$4.49M |
|
94
Alibaba
BABA
$308B
| $338M | 0.23% |
3,838,270
-323,998
| -8% | -$25.5M |
|
95
Vanguard Information Technology ETF
VGT
$147B
| $332M | 0.22% |
8,317,688
+7,440,760
| +849% | +$304M |
|
96
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $328M | 0.22% |
54,647,189
+721,686
| +1% | +$3.9M |
|
|
DOCU
97
DocuSign
DOCU
$11B
| $312M | 0.21% |
5,630,578
+120,648
| +2% | +$5.87M |
|
98
Vale
VALE
$63.6B
| $306M | 0.21% |
18,051,341
-1,995,060
| -10% | -$30M |
|
99
HDFC Bank
HDB
$122B
| $295M | 0.2% |
8,628,746
-667,630
| -7% | -$21.7M |
|
100
Alphabet (Google) Class C
GOOG
$4.4T
| $289M | 0.2% |
3,254,439
-74,599
| -2% | -$7.12M |
|
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.