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 | |
|---|---|---|---|---|---|---|
101
Infosys
INFY
$50.3B
| $284M | 0.19% |
15,742,381
-1,227,296
| -7% | -$22.8M |
|
102
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.46B
| $281M | 0.19% |
2,284,011
+2,205,414
| +2,806% | +$280M |
|
103
JD.com
JD
$44.2B
| $280M | 0.19% |
4,980,535
-426,627
| -8% | -$21.5M |
|
104
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $279M | 0.19% |
5,818,814
+5,803,056
| +36,826% | +$284M |
|
105
Devon Energy
DVN
$49.4B
| $271M | 0.18% |
4,407,355
+62,018
| +1% | +$4.23M |
|
106
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $264M | 0.18% |
4,522,290
-87,359
| -2% | -$5.11M |
|
107
iShares Global Tech ETF
IXN
$8.82B
| $259M | 0.18% |
5,784,451
+507,226
| +10% | +$23.1M |
|
108
Medtronic
MDT
$109B
| $257M | 0.17% |
3,303,331
+142,606
| +5% | +$11.6M |
|
109
Ingersoll Rand
IR
$34.8B
| $254M | 0.17% |
4,864,249
+377,999
| +8% | +$19.3M |
|
110
State Street Industrial Select Sector SPDR ETF
XLI
$34B
| $248M | 0.17% |
2,528,913
+278,653
| +12% | +$26.5M |
|
111
American Tower
AMT
$76B
| $246M | 0.17% |
1,160,864
-992,250
| -46% | -$207M |
|
112
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $242M | 0.16% |
8,767,350
+766,660
| +10% | +$21.6M |
|
|
MRO
113
DELISTED
Marathon Oil Corporation
MRO
| $221M | 0.15% |
8,181,644
-141,275
| -2% | -$4.1M |
|
114
Halliburton
HAL
$26.6B
| $216M | 0.15% |
5,487,475
-30,382
| -0.6% | -$1.08M |
|
115
Carrier Global
CARR
$54.1B
| $214M | 0.14% |
5,197,656
+315,297
| +6% | +$12.8M |
|
116
Mercado Libre
MELI
$97.8B
| $214M | 0.14% |
253,171
-25,806
| -9% | -$23M |
|
117
Dover
DOV
$28.5B
| $206M | 0.14% |
1,524,365
+56,230
| +4% | +$7.47M |
|
118
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $204M | 0.14% |
4,468,523
-2,616,911
| -37% | -$118M |
|
119
Qualcomm
QCOM
$166B
| $203M | 0.14% |
1,847,102
+1,357,636
| +277% | +$159M |
|
120
Southern Copper
SCCO
$166B
| $201M | 0.14% |
3,585,879
-134,493
| -4% | -$6.86M |
|
121
Honda
HMC
$39.8B
| $199M | 0.13% |
8,719,654
-333,397
| -4% | -$7.72M |
|
122
Norfolk Southern
NSC
$76.2B
| $196M | 0.13% |
793,941
+31,164
| +4% | +$7.37M |
|
123
Petrobras
PBR
$120B
| $188M | 0.13% |
17,615,463
-2,516,895
| -13% | -$30.4M |
|
124
iShares Global Energy ETF
IXC
$2.77B
| $185M | 0.13% |
4,755,056
+322,303
| +7% | +$12.6M |
|
125
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.35B
| $183M | 0.12% |
4,472,280
+4,931
| +0.1% | +$193K |
|
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.