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 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
101
DELISTED
Hess
HES
| $294M | 0.16% |
3,973,547
+217,742
| +6% | +$17.7M |
|
102
ExxonMobil
XOM
$638B
| $293M | 0.16% |
4,795,363
-3,978,456
| -45% | -$249M |
|
|
NBIS
103
Nebius Group N.V.
NBIS
$57.3B
| $289M | 0.16% |
4,772,086
+34,651
| +0.7% | +$2.55M |
|
104
iShares Global Tech ETF
IXN
$8.81B
| $283M | 0.16% |
4,392,309
+286,451
| +7% | +$17.6M |
|
105
Cleveland-Cliffs
CLF
$7.02B
| $272M | 0.15% |
12,505,521
-88,638
| -0.7% | -$1.91M |
|
106
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $272M | 0.15% |
46,360,564
+1,815,913
| +4% | +$11.4M |
|
107
Medtronic
MDT
$110B
| $269M | 0.15% |
2,596,496
+165,427
| +7% | +$19.2M |
|
108
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $254M | 0.14% |
6,886,800
+423,080
| +7% | +$15.1M |
|
109
Honda
HMC
$39.1B
| $231M | 0.13% |
8,130,235
+215,130
| +3% | +$6.26M |
|
110
Trip.com Group
TCOM
$29.5B
| $230M | 0.13% |
9,341,939
+471,943
| +5% | +$13.4M |
|
111
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $223M | 0.12% |
4,302,995
+77,363
| +2% | +$3.99M |
|
112
Southern Copper
SCCO
$163B
| $222M | 0.12% |
3,877,336
-24,925
| -0.6% | -$1.39M |
|
113
Autodesk
ADSK
$50.1B
| $221M | 0.12% |
784,915
+157,774
| +25% | +$46M |
|
114
Vanguard FTSE Europe ETF
VGK
$31.1B
| $215M | 0.12% |
3,157,178
+225,573
| +8% | +$15.3M |
|
115
Unilever
UL
$138B
| $213M | 0.12% |
3,520,166
+718,349
| +26% | +$42.7M |
|
116
Norfolk Southern
NSC
$76.7B
| $211M | 0.12% |
710,324
+73,490
| +12% | +$20.5M |
|
117
Domino's
DPZ
$12.2B
| $206M | 0.12% |
364,280
-8,946
| -2% | -$4.55M |
|
118
ASE Group
ASX
$85.1B
| $205M | 0.11% |
26,238,665
+2,110,767
| +9% | +$15.5M |
|
119
NXP Semiconductors
NXPI
$59.9B
| $205M | 0.11% |
897,844
-31,747
| -3% | -$6.75M |
|
120
Pinduoduo
PDD
$130B
| $202M | 0.11% |
3,456,341
-25,387
| -0.7% | -$2M |
|
121
Atlassian
TEAM
$28B
| $187M | 0.1% |
489,271
+5,877
| +1% | +$2.36M |
|
122
NetEase
NTES
$83.6B
| $178M | 0.1% |
1,752,672
+5,201
| +0.3% | +$528K |
|
123
Devon Energy
DVN
$50.8B
| $175M | 0.1% |
3,982,588
+385,244
| +11% | +$16M |
|
124
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $171M | 0.1% |
3,358,696
+103,563
| +3% | +$5.32M |
|
125
Blackrock
BLK
$175B
| $167M | 0.09% |
181,922
+39,404
| +28% | +$36M |
|
Similar funds
Ken Fisher's Q4 2021 Portfolio in Review
As of Q4 2021, Ken Fisher held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Ken Fisher's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Ken Fisher added most to Netflix in Q4 2021, an estimated $808M increase.
- Ken Fisher's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Ken Fisher fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Ken Fisher's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Ken Fisher opened 119 new positions and closed 80 in Q4 2021.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.