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 | |
|---|---|---|---|---|---|---|
76
RTX Corp
RTX
$300B
| $682M | 0.39% |
9,475,203
+200,490
| +2% | +$17.2M |
|
|
ABB
77
DELISTED
ABB Ltd
ABB
| $679M | 0.39% |
18,930,939
-1,345,219
| -7% | -$48.2M |
|
78
Applied Materials
AMAT
$424B
| $677M | 0.38% |
4,886,909
+608,830
| +14% | +$87.3M |
|
79
CSX Corp
CSX
$94.7B
| $674M | 0.38% |
21,907,636
+326,274
| +2% | +$10.3M |
|
80
Illinois Tool Works
ITW
$85.5B
| $652M | 0.37% |
2,829,108
+193,853
| +7% | +$47.3M |
|
81
AstraZeneca
AZN
$250B
| $621M | 0.35% |
4,585,504
+119,908
| +3% | +$16.4M |
|
82
VanEck Semiconductor ETF
SMH
$71.6B
| $592M | 0.34% |
4,084,567
+372,793
| +10% | +$56.5M |
|
83
Vanguard S&P 500 ETF
VOO
$1.01T
| $589M | 0.33% |
1,501,006
+109,820
| +8% | +$44.9M |
|
84
Cummins
CMI
$89.7B
| $568M | 0.32% |
2,484,877
+123,988
| +5% | +$29.9M |
|
85
NextEra Energy
NEE
$179B
| $560M | 0.32% |
9,777,508
+116,944
| +1% | +$8.1M |
|
86
Walt Disney
DIS
$177B
| $559M | 0.32% |
6,894,880
+399,294
| +6% | +$34.1M |
|
87
Banco Santander
SAN
$209B
| $553M | 0.31% |
146,979,978
-7,528,165
| -5% | -$28.6M |
|
88
AB InBev
BUD
$168B
| $551M | 0.31% |
9,963,707
+172,244
| +2% | +$9.76M |
|
89
Edwards Lifesciences
EW
$51.2B
| $507M | 0.29% |
7,314,467
-703,324
| -9% | -$56.5M |
|
90
Deere & Co
DE
$165B
| $502M | 0.28% |
1,330,745
+234,413
| +21% | +$96.7M |
|
91
Sony
SONY
$132B
| $496M | 0.28% |
30,085,730
+2,116,865
| +8% | +$36.9M |
|
92
GSK
GSK
$103B
| $493M | 0.28% |
13,600,393
-221,437
| -2% | -$7.86M |
|
93
Unilever
UL
$139B
| $488M | 0.28% |
8,781,159
+561,617
| +7% | +$32.5M |
|
94
Las Vegas Sands
LVS
$29.7B
| $486M | 0.28% |
10,594,552
+1,029,419
| +11% | +$55.6M |
|
95
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $451M | 0.26% |
56,003,210
+2,933,957
| +6% | +$22.8M |
|
96
Trane Technologies
TT
$106B
| $431M | 0.24% |
2,121,854
-145,279
| -6% | -$29.1M |
|
97
PACCAR
PCAR
$70.2B
| $410M | 0.23% |
4,826,598
-21,016
| -0.4% | -$1.79M |
|
98
iShares National Muni Bond ETF
MUB
$45.4B
| $397M | 0.23% |
3,872,918
+253,120
| +7% | +$26.7M |
|
99
Ingersoll Rand
IR
$34.9B
| $395M | 0.22% |
6,203,884
+261,147
| +4% | +$17.4M |
|
100
iShares Global Tech ETF
IXN
$8.77B
| $381M | 0.22% |
6,587,065
+22,409
| +0.3% | +$1.36M |
|
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.