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 |
Citigroup
C
|
+$1.16B |
| 2 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$973M |
| 3 |
Boeing
BA
|
+$825M |
| 4 |
Booking.com
BKNG
|
+$807M |
| 5 |
Las Vegas Sands
LVS
|
+$507M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$1.06B |
| 3 |
Amazon
AMZN
|
+$1.01B |
| 4 |
Netflix
NFLX
|
+$835M |
| 5 |
Meta Platforms (Facebook)
META
|
+$745M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 11.65% |
| 3 | Consumer Discretionary | 9.35% |
| 4 | Healthcare | 9.23% |
| 5 | Industrials | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Zoom
ZM
$29.7B
| $382M | 0.23% |
5,171,026
+171,528
| +3% | +$12.4M |
|
102
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $378M | 0.23% |
53,641,493
-1,005,696
| -2% | -$7.14M |
|
103
Trane Technologies
TT
$105B
| $365M | 0.22% |
1,984,761
+1,152,063
| +138% | +$209M |
|
104
iShares National Muni Bond ETF
MUB
$45.3B
| $364M | 0.22% |
3,377,286
+159,542
| +5% | +$17M |
|
105
PACCAR
PCAR
$69.5B
| $348M | 0.21% |
+4,748,882
| New | +$340M |
|
|
DOCU
106
DocuSign
DOCU
$10.9B
| $339M | 0.21% |
5,819,519
+188,941
| +3% | +$11.3M |
|
107
iShares Global Tech ETF
IXN
$8.74B
| $335M | 0.2% |
6,160,627
+376,176
| +7% | +$18.7M |
|
108
Vanguard Information Technology ETF
VGT
$147B
| $325M | 0.2% |
6,748,952
-1,568,736
| -19% | -$69.3M |
|
109
Ingersoll Rand
IR
$34.2B
| $301M | 0.18% |
5,166,776
+302,527
| +6% | +$17.1M |
|
110
Alphabet (Google) Class C
GOOG
$4.36T
| $296M | 0.18% |
2,845,810
-408,629
| -13% | -$39.5M |
|
111
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
| $290M | 0.18% |
2,870,996
+342,083
| +14% | +$34.4M |
|
112
Vale
VALE
$62.6B
| $286M | 0.17% |
18,108,205
+56,864
| +0.3% | +$963K |
|
113
Mercado Libre
MELI
$92.8B
| $286M | 0.17% |
216,775
-36,396
| -14% | -$41.4M |
|
114
HDFC Bank
HDB
$122B
| $285M | 0.17% |
8,542,816
-85,930
| -1% | -$2.87M |
|
115
Medtronic
MDT
$110B
| $276M | 0.17% |
3,420,610
+117,279
| +4% | +$9.56M |
|
116
Infosys
INFY
$50.1B
| $274M | 0.17% |
15,698,557
-43,824
| -0.3% | -$797K |
|
117
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $261M | 0.16% |
4,346,478
-175,812
| -4% | -$10.4M |
|
118
Southern Copper
SCCO
$161B
| $253M | 0.15% |
3,578,527
-7,352
| -0.2% | -$500K |
|
119
iShares Global Healthcare ETF
IXJ
$4.13B
| $250M | 0.15% |
2,994,513
+1,376,216
| +85% | +$114M |
|
120
American Tower
AMT
$79.8B
| $243M | 0.15% |
1,188,563
+27,699
| +2% | +$5.81M |
|
121
Honda
HMC
$39.9B
| $235M | 0.14% |
8,856,921
+137,267
| +2% | +$3.45M |
|
122
Qualcomm
QCOM
$168B
| $234M | 0.14% |
1,837,373
-9,729
| -0.5% | -$1.21M |
|
123
Dover
DOV
$28.4B
| $234M | 0.14% |
1,540,395
+16,030
| +1% | +$2.35M |
|
124
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
| $230M | 0.14% |
3,963,200
-1,855,614
| -32% | -$101M |
|
125
Devon Energy
DVN
$49.7B
| $224M | 0.14% |
4,435,761
+28,406
| +0.6% | +$1.62M |
|
Similar funds
Ken Fisher's Q1 2023 Portfolio in Review
As of Q1 2023, Ken Fisher held 1,208 positions worth $165B, up 11% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2023 filing shows 183 new, 335 increased, 567 reduced and 73 closed positions. Its largest new stake was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M. The largest sale was Apple, an estimated $1.2B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
- Ken Fisher's largest Q1 2023 buy was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M.
- Ken Fisher added most to Citigroup in Q1 2023, an estimated $1.16B increase.
- Ken Fisher's biggest Q1 2023 reduction was Apple, cutting an estimated $1.2B.
- Ken Fisher fully exited SVB Financial Group in Q1 2023, selling an estimated $114M.
- Ken Fisher's ten largest holdings make up 26% of its $165B portfolio in Q1 2023.
- Ken Fisher opened 183 new positions and closed 73 in Q1 2023.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $165B.
Based on Fisher Asset Management's 13F filing for Q1 2023, filed 1 May 2023.