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 | |
|---|---|---|---|---|---|---|
76
Sanofi
SNY
$103B
| $711M | 0.38% |
14,290,391
-652,327
| -4% | -$31.9M |
|
77
Vanguard S&P 500 ETF
VOO
$1.01T
| $683M | 0.36% |
1,562,859
+61,853
| +4% | +$25.3M |
|
78
BP
BP
$107B
| $679M | 0.36% |
19,169,003
+799,006
| +4% | +$29.3M |
|
79
Walt Disney
DIS
$174B
| $650M | 0.34% |
7,201,556
+306,676
| +4% | +$27M |
|
80
AstraZeneca
AZN
$251B
| $631M | 0.33% |
4,688,097
+102,593
| +2% | +$13.3M |
|
81
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $628M | 0.33% |
29,966,920
-7,998,683
| -21% | -$156M |
|
82
Cummins
CMI
$90.3B
| $620M | 0.33% |
2,587,895
+103,018
| +4% | +$23.4M |
|
83
Sony
SONY
$132B
| $602M | 0.32% |
31,793,560
+1,707,830
| +6% | +$29.6M |
|
84
VanEck Semiconductor ETF
SMH
$72.2B
| $596M | 0.32% |
3,410,859
-673,708
| -16% | -$105M |
|
85
Banco Santander
SAN
$209B
| $594M | 0.31% |
143,551,610
-3,428,368
| -2% | -$13.4M |
|
86
Deere & Co
DE
$166B
| $592M | 0.31% |
1,481,458
+150,713
| +11% | +$56.8M |
|
87
AB InBev
BUD
$168B
| $582M | 0.31% |
9,000,206
-963,501
| -10% | -$56.9M |
|
88
GSK
GSK
$103B
| $557M | 0.29% |
15,036,881
+1,436,488
| +11% | +$51.6M |
|
89
Las Vegas Sands
LVS
$30.2B
| $554M | 0.29% |
11,263,604
+669,052
| +6% | +$31.6M |
|
90
Edwards Lifesciences
EW
$51.1B
| $544M | 0.29% |
7,128,279
-186,188
| -3% | -$13M |
|
91
Unilever
UL
$139B
| $525M | 0.28% |
9,626,889
+845,730
| +10% | +$45.6M |
|
92
Crown Castle
CCI
$31.8B
| $524M | 0.28% |
4,547,032
+632,398
| +16% | +$64.8M |
|
93
Trane Technologies
TT
$106B
| $508M | 0.27% |
2,082,619
-39,235
| -2% | -$8.58M |
|
94
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $496M | 0.26% |
54,451,060
-1,552,150
| -3% | -$13.3M |
|
95
Ingersoll Rand
IR
$34.9B
| $492M | 0.26% |
6,361,549
+157,665
| +3% | +$10.8M |
|
96
PACCAR
PCAR
$70.6B
| $479M | 0.25% |
4,910,042
+83,444
| +2% | +$7.49M |
|
97
iShares Global Healthcare ETF
IXJ
$4.12B
| $439M | 0.23% |
5,067,096
+473,566
| +10% | +$39.2M |
|
98
iShares National Muni Bond ETF
MUB
$45.4B
| $439M | 0.23% |
4,046,529
+173,611
| +4% | +$18.1M |
|
99
iShares Global Tech ETF
IXN
$8.82B
| $435M | 0.23% |
6,381,124
-205,941
| -3% | -$13M |
|
100
Alphabet (Google) Class C
GOOG
$4.42T
| $389M | 0.21% |
2,759,351
-49,926
| -2% | -$6.77M |
|
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.